Quote:
Originally Posted by Juiced06GTO
I was all in on buying a second home on a lake in NH, preferably Winni, but lately I find myself struggling to find the time to keep up with my primary home and 3 young kids running around deeply involved in sports, and nearing the end of my current mortgage, the thought of taking out another one for the limited amount of use and the added upkeep is becoming less appealing unfortunately...
The crazy inflation in costs certainly hasn't helped and I would venture to guess that a lot of other people in my age bracket (41) are feeling the same way.
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Maybe you don't need to take it all on by yourself. We have three generations using our camp. Our next door neighbors share generations, cousins, etc. I got my foot in the door with a condo in 1980 that was strictly an ininvestment, but at least I was participating in the rising costs of lakefront properties, and had a little income and equity. Not everybody wants to be, or should be, a landlord, of course.