Our original plan was to move to Florida full stop. We were looking on Redfin for a condo with a view, access to pools, walking distance to restaurants and it showed up.
We called the real estate agent and she explained the concept and said we could only live there 180 days. I was initially disappointed. But then my wife said we wanted to travel anyway, so why not travel around the US the rest of the year.
BTW, I tried to find the most even handed article of the pros and cons. Most of the sites you find are by real estate agents who want you to buy. Let me be more clear.
You will lose money over the course of the year on almost all of them even if you put the required 25-30% down.
The income offsets some of the holding costs.
I had a plan going in and this was never meant to be an investment.
Our original plan was to move to Florida full stop. We were looking on Redfin for a condo with a view, access to pools, walking distance to restaurants and it showed up.
We called the real estate agent and she explained the concept and said we could only live there 180 days. I was initially disappointed. But then my wife said we wanted to travel anyway, so why not travel around the US the rest of the year.
BTW, I tried to find the most even handed article of the pros and cons. Most of the sites you find are by real estate agents who want you to buy. Let me be more clear.
You will lose money over the course of the year on almost all of them even if you put the required 25-30% down.
The income offsets some of the holding costs.
I had a plan going in and this was never meant to be an investment.