Originally Posted by Meadbh
Another way to look at it....
If you were to withdraw $9000 in annual expenses for a vacation home, how much would you need to add to your portfolio? Assuming a withdrawal rate of 4%, you would need $225,000. Is the property worth that to you?
Not that much.
My parents only purchased this home four years ago, so the gain would only be around $4,000.
The $9,000 includes lot rental, utilities, insurance, etc.
OK folks, I think you've talked some sense into me. It just doesn't look like I should keep it. Emotionally, that is hard, but realistically, I needed friends in this forum to talk some sense into me. Thanks.
I'll just have to wait a couple of years until ER and find a place with two palm trees out front.