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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Tommaso who wrote (19402)	4/14/2004 1:36:37 PM
From: Tradelite	Respond to of 306849

re: vacation homes Conventional wisdom about buying a vacation property states that the owner should primarily want to own it and use it for personal reasons rather than investment potential. Once had a client who got beaten up pretty badly on a ski condo in Park City, Utah--couldn't rent it, couldn't sell it, market was bad. She took a bath on paying for that puppy every month. Ocean City, MD, beach properties have always been popular with DC-area folks, too. But during seasons when weather is worse than normal, or the economy is worse than normal, these beach properties have been big albatrosses for their owners. An owner who buys for his own use exclusively is seldom unhappy with the results. Of course in recent years, those beach properties have been hot sellers. The time might come soon when they're not considered quite as hot.