What are you drinking?

[ercchry]

Let’s not forget (although it should be rather obvious at this point) I’m a pessimist at heart… for the record my immediate family was never that way… but also earned corporate wages, never business owners/active investors. You really get to see the toxic side of it when you’re on the fringes of the inner circles though… or when your ex’s father is a dick

[tirebob]

I kind of get Buster on this one... On a much smaller baller scale, I have a cool little cabin on my property in Water Valley. We keep it for friends when they visit so they have their own space and don't bug me at night while I am trying to sleep in the house. Every single person who has stayed in it always say "you should rent it out!". Fuuuuuuuuuuck that!! I barely like my friends enough to let them use it... Why the fuck would I want complete strangers on my property? Not a fucking chance.

[89coupe]

Makes sense for vacation homes that have a small window for enjoyment, lake homes & ski homes. But for places like Hawaii where a 2 bed 2.5 bath condo can be rented from $700-$1400 US a night, every night. The money flows like a river. I know people who have gone from one vacation home to as many as 5 vacation homes in Hawaii. You hire a management company to maintain, clean the property and the condo management maintains the grounds. By the time you are ready for retirement your first condo is completely paid off from passive income and your other 4 or more are making bank. You can easily pay off a $2m vacation home in under 10 years without spending anything other then the initial down payment.

Obviously this is only if enjoy Hawaii and beaches lol

[R-Audi]

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I am almost irrationally upset about this glass.

Its a little big and heavy, but your thumb sits in there nicely. TBH, I havent used it forever because its so heavy, but figured it was worth a photo op. ha ha...

[tirebob]

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Makes sense for vacation homes that have a small window for enjoyment, lake homes & ski homes. But for places like Hawaii where a 2 bed 2.5 bath condo can be rented from $700-$1400 US a night, every night. The money flows like a river. I know people who have gone from one vacation home to as many as 5 vacation homes in Hawaii. You hire a management company to maintain, clean the property and the condo management maintains the grounds. By the time you are ready for retirement your first condo is completely paid off from passive income and your other 4 or more are making bank. You can easily pay off a $2m vacation home in under 10 years without spending anything other then the initial down payment.

Obviously this is only if enjoy Hawaii and beaches lol

Oh definitely understandable... I think it makes total sense for someone who is smart and doesn't hate most humans.

[ExtraSlow]

@R-Audi , do you live in a shipping container?

[R-Audi]

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@R-Audi , do you live in a shipping container?

Not sure I follow.....

If its a serious question... no, Its a 1960s 4 level split with period correct MCM furniture. If its based on the odd glass... I think it was a gift from years back. Figured it was classier than the Mexico Boob/nipple cup for a beyond picture.

[Buster]

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Makes sense for vacation homes that have a small window for enjoyment, lake homes & ski homes. But for places like Hawaii where a 2 bed 2.5 bath condo can be rented from $700-$1400 US a night, every night. The money flows like a river. I know people who have gone from one vacation home to as many as 5 vacation homes in Hawaii. You hire a management company to maintain, clean the property and the condo management maintains the grounds. By the time you are ready for retirement your first condo is completely paid off from passive income and your other 4 or more are making bank. You can easily pay off a $2m vacation home in under 10 years without spending anything other then the initial down payment.

Obviously this is only if enjoy Hawaii and beaches lol

What you're describing is an investment strategy in which you are willing to create an opportunity cost to use the investment for a few days. You're just a glorified renter. Or maybe a timeshare where you have the risk.

Nothing wrong with that, but it's a very different thing than having a vacation property.

Either way, it's my favorite asset class.

[ercchry]

An investment property should be separate from a personal use secondary property. 20% annual ROI is also not that spectacular for something actively managed with inherent risks of being a physical asset. Also finding a mortgage with a decent rate once “short term rental” is mentioned… or even worse, needing to use the income to qualify the mortgage is not fun either… even more difficult at an 80% LTV… which would only harm your return if you need to put more money down

…and that doesn’t even include the tax implications, especially as a foreign owner

[89coupe]

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What you're describing is an investment strategy in which you are willing to create an opportunity cost to use the investment for a few days. You're just a glorified renter.

Nothing wrong with that, but it's a very different thing than having a vacation property.

Either way, it's my favorite asset class.

Do you know anyone that isn’t retired (still working) vacationing for more than 2-3 months out of the year?

I don’t.

[Buster]

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Do you know anyone that isn’t retired (still working) vacationing for more than 2-3 months out of the year?

I don’t.

I know many people who rent a place when they do vacation for 2-3 months a year.

[89coupe]

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I know many people who rent a place when they do vacation for 2-3 months a year.

Yeh 2-3 months maximum, unless of course you are retired.

We agree

[Buster]

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Yeh 2-3 months maximum, unless of course you are retired.

We agree

Do those people rent out their house in Calgary when they go on vacation for 2-3 months?

[ercchry]

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Do those people rent out their house in Calgary when they go on vacation for 2-3 months?

Or put their passive income on pause while vacationing for 2-3 months?

[89coupe]

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Do those people rent out their house in Calgary when they go on vacation for 2-3 months?

Seriously…

Stay miserable lol

[ExtraSlow]

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Seriously…

Stay miserable lol

He's waaaay ahead of you there.

[Buster]

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Seriously…

Stay miserable lol

I'm not shitting on the decisions people make. I'm happy for people to do whatever they want.

[90_Shelby]

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I'm not shitting on the decisions people make. I'm happy for people to do whatever they want.

But if you were, it definitely wouldn't be in a shared toilet.

[bjstare]

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Do you know anyone that isn’t retired (still working) vacationing for more than 2-3 months out of the year?

I don’t.

It doesn't have to be a "vacation". What if a person is still working, and chooses to live at their house in Hawaii for 5 months of the year?

[Buster]

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It doesn't have to be a "vacation". What if a person is still working, and chooses to live at their house in Hawaii for 5 months of the year?

I also don't own and flat billed snap backs.