Is Buying A Luxury Vacation Home A Good Investment In This Economy

Is Buying A Luxury Vacation Home A Good Investment In This Economy

There's never a yes or no answer to any real estate transaction. One must analyze the deal, know what to look for, what questions to ask, what market indicators to study and make a decision based on those outliers. Vacation homes are typically good investments in warm climates where tourists visit year-round. Avoid moderate temperature vacation homes unless it’s a known year-round travel destination (i.e. Denver, San Francisco, New York City). That being said, luxury vacation homes are often less profitable than an affordable 'middle-road' vacation home that many tourists can afford to book for 1-2 weeks at a time.

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