Ronstar
Moderator Emeritus
We bought our vacation condo in 2002 - as a getaway from the harsh Illinois winters, and as a hedge against the equities markets. I don't see the purchase price as capital sunk - I can sell it at any time and move the proceeds into our portfolio. I consider the maintenance fees part of our vacation expenses. Being a condo, I have very little personal time tied up in maintenance. Bills are autopaid, and all exterior upkeep is done by the HOA. Nothing to maintain on the inside.
But I feel we need to downsize our primary residence. It accounts for approx 80% of our overall home expenses and 99% of my personal maintenance time.
But I feel we need to downsize our primary residence. It accounts for approx 80% of our overall home expenses and 99% of my personal maintenance time.