Whether it’s an oceanside bungalow or a luxury cabin in the mountains, many people dream of buying a vacation home. Financial advisors call a purchase like this “lifestyle investing.” Like any investment, buyinga second home comes with both benefits and potential drawbacks, so it’s important to consider how a vacation home fits into your long-term plans before taking the plunge. Are you ready to pull a trigger on that property in Tahoe or Cabo? Read on before you close on any new vacation home.
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