Friday, April 22, 2011
Benefits of Purchasing a Vacation Home Rental
I'll admit that this is a silly lightweight video but it still emphasizes the value of owning a vacation 'income' property that could be partially or totally carrying itself and one day transition into your retirement home.
Is your dream to live on Martha's Vineyard, and were you hoping to get here sooner rather than later? If the economy has rearranged your plans extending your timetable, but has not sapped all of your financial resources, maybe now is the time to put those resources into real estate on Martha's Vineyard. Market prices have not been better in decades and interest rates while still historically low are beginning to inch up.
A recent survey by the Pew Research Center reveals that even five years after the real estate bubble burst, it has not shaken the confidence of the American public in the investment value of home ownership.
Subscribe to:
Post Comments (Atom)
1 comment:
Very good point - I thought the market was at the peak in 2000 when I bought a vacation home. As it turns out it wasn't, but more importantly, it didn't matter to me. The hidden value of having a vacation home is the ability to share with family and friends and make new memories and experiences that are PRICELESS!
Post a Comment