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JDeere · 10-09-2004, 06:40 AM

I would consider how fast the cost of lake property has risen and wonder if lake front property might continue to skyrocket thereby putting ownership out of reach once your kids get to college. One option might be to use the cottage for a two week summer vacation and then rent the property. You should be able to make enough on it to at least break even on your payment and you are able to take advantage of any increase in value the property may have and you have a write off on the rental property.

10-09-2004, 06:40 AM	#5
JDeere Senior Member Join Date: Apr 2004 Posts: 295 Thanks: 74 Thanked 52 Times in 25 Posts	Rent? I would consider how fast the cost of lake property has risen and wonder if lake front property might continue to skyrocket thereby putting ownership out of reach once your kids get to college. One option might be to use the cottage for a two week summer vacation and then rent the property. You should be able to make enough on it to at least break even on your payment and you are able to take advantage of any increase in value the property may have and you have a write off on the rental property.