It's okay to buy extra homes if you can afford them. But they're consumption items. Best not to include them in your asset allocation. Treat them like a car or boat and be grateful for any appreciation you get. If you rent it out, at least most of the time, feel free to include it.Hello everyone,
Just a quick question today - if one is sufficiently funding their retirement accounts to meet their future needs, such a person might consider purchasing a second home. Many here consider vacation properties expensive toys. Yet, there is a big difference between a house and a boat or a sports car. For one a house is likely to appreciate. Would you see it as your asset; something that furthers your diversification?
Statistics: Posted by White Coat Investor — Sun Feb 16, 2025 10:56 pm
