Thanks for all the thoughts on purchase of vacation home.
My family has owned a vacation beach house about 10 miles away since the 1960s, so I am very familiar with the area, costs, taxes, headaches. My sister, cousin, and a friend have vaca homes in the same area.
So Yes, part of this decision is personal choice.
We have looked at other homes in this town over past 2 years but it was never the right deal.
This house is on the water......with wonderful views. Other homes on the street are being rehabbed, so DH thinks it will appreciate. I looked at comps and maybe it will- but maybe it won't.
We have not made a decision yet but as many of you point out - it is a commitment of money, time, and maintenance.
Because it is a foreclosure, we have a week before bids are due.
Thanks again for your time and thoughts.