When the facts change, I change my mind. What do you do? -- John Maynard Keynes

Saturday, December 6, 2014

Bought a New Vacation Home? I Am So Sorry

"Owning a second home is often far more expensive and stressful than buyers, or dreamers, imagine." (source infra)

Bought a New Vacation Home? I’m So Sorry  - Bloomberg:
Start with the dark side to beautiful weather. Sun, salt and wind are cruel to houses. One owner in Virginia Beach was shocked to learn he'd need new windows every six years. That alone wiped out an entire summer of rental income, says David O’Brien, his adviser. Storms take out roofs, docks and sea walls, replaceable only at exorbitant rates... There are also utilities, association fees and lots of taxes, all often high in resort areas.

The Big Picture

Financial Crisis - The Telegraph

JohnTheCrowd.com | The Sailing Website

Craig Newmark - craigconnects