Gasoline has now comfortably exclipsed $3.00 (U.S.) per gallon where I live and Heating oil too has increased to levels that I have never seen. With increases in energy obviously on the move and all of the trickle-down effects that increases in energy create, what do you expect will happen to the desireability/investment potential of second homes?
After a discussion with my DW about the impact of high energy prices, she exclaimed "there will always be those that can aford to own second homes and thus they will always be a good investment and saleable".
I, on the other hand being more paranoid, can envision a time in the not too distant future where second homes may become less desireable to hold due to the expenses related to keeping them given the cost of energy. Is it possible that energy costs could quickly spiral up making ownership less desireable?
Have any of you thought much about potential paradigm shifts that we are likely to see in the not too distant furture should energy continue its parabolic rise?
Of course, those LBYM are already ahead of that game.
After a discussion with my DW about the impact of high energy prices, she exclaimed "there will always be those that can aford to own second homes and thus they will always be a good investment and saleable".
I, on the other hand being more paranoid, can envision a time in the not too distant future where second homes may become less desireable to hold due to the expenses related to keeping them given the cost of energy. Is it possible that energy costs could quickly spiral up making ownership less desireable?
Have any of you thought much about potential paradigm shifts that we are likely to see in the not too distant furture should energy continue its parabolic rise?
Of course, those LBYM are already ahead of that game.