Home, Land, Property Buying and Selling - Good Time to Buy Vacation Home?

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View Full Version : Good Time to Buy Vacation Home?

tarzan11
02-20-08, 05:39 PM
I know this questions has probably been asked a lot of late - but here it is one more time:
We are in the market for a vacation home in the Northeast - MA, NH, ME, VT. Is this is a good time to buy or should we wait for a few more months (or longer)?
Any of the above markets better than the rest? Thinking roughly $200K.
Thanks in advance.:confused:

the_tow_guy
02-21-08, 06:56 AM
Don't know about the northeast, but it's a good time to buy one in Florida.:coffee:
thezster
03-25-08, 10:29 AM
The trouble with vacation property is that - folks who can afford that type of property are, typically, not affected by the current real estate crisis. They have enough disposable income to be able to purchase such property without worrying about dips in the economy. That being said - vacation property, while a "niche property" tends to maintain it's value simply because the people who buy it - can afford it. A generality, to be sure - and there are exceptions - but don't expect those prices to drop considerably in the near future.