Given the current economic climate, it might not seem like the best time to buy property. After all, mortgage rates are still high, homes are more expensive than ever, and there's a lot of competition.
Historically, real estate is an asset that has appreciated in value over time. But as with any investment, there is some level of risk involved. See Our List: 100 Most Influential Money.
If you're looking to live in the lap of luxury or make some extra income renting out a house, a vacation home is a great investment. But, can you purchase that second home if you're not planning on.
Fresh air, abundant sunshine and leisurely days it's easy to get caught up in all the wonderful things owning a vacation home can offer. But before you rush to sign on the dotted line, don't forget.