Early Retirement & Financial Independence Community - View Single Post

chinaco · 05-21-2007, 06:13 PM

I have toyed with the idea of a vacation home or condo in Florida. I have talked with people that owned vacation homes and condos. My take was... the second home or condo is very expensive for the short period of time it was used (maybe several months per year). Plus most tried to rent it to help offset some of the cost... however, they needed a service to clean up after renters... that and other costs (buy furniture, insurance, taxes, etc) were fairly expensive plus for condo there is the monthly fee for maintenance.

Not to mention the feelings that one needs to rush down to check out the place if a storm comes along.

I have come to the conclusion that it is less expensive to lease/rent. Even if it was for 2 or 3 months a year for several years. Plus, we will have some flexibility to go elsewhere.

05-21-2007, 06:13 PM	#9
chinaco Thinks s/he gets paid by the post Join Date: Feb 2007 Posts: 3,052	I have toyed with the idea of a vacation home or condo in Florida. I have talked with people that owned vacation homes and condos. My take was... the second home or condo is very expensive for the short period of time it was used (maybe several months per year). Plus most tried to rent it to help offset some of the cost... however, they needed a service to clean up after renters... that and other costs (buy furniture, insurance, taxes, etc) were fairly expensive plus for condo there is the monthly fee for maintenance. Not to mention the feelings that one needs to rush down to check out the place if a storm comes along. I have come to the conclusion that it is less expensive to lease/rent. Even if it was for 2 or 3 months a year for several years. Plus, we will have some flexibility to go elsewhere. __________________ Planned FIRE Summer 2011 Disclaimer: I make no warranty or guarantee about the accuracy or completeness of this information. I am not a financial planner, my comments only represent my opinion.