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Subject:  Re: 2nd Home Date:  2/7/2000  1:56 PM
Author:  b06mjb Number:  89 of 14417

Sorry, but I think the only thing sillier than buying a vacation home as an investment is buying a time share as an investment.

I certainly lean towards cwarren007 on this topic.

However, I remember seeing something on the news about 10 years ago about (then) Pres. Bush's personal finances. Apparently his net worth skyrocketed while he was in office. They broke down his assets (including a large blind trust) and virtually all his gain in net worth came from his "vacation" house (compound?) in Maine.

Sometimes, no matter how "bad" your real estate investment is, it's difficult not to get rich over time.

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