Vacation Homes: Buy Low, Sell Never
Everyone knows one of those guys whose grandparents bought a vacation home for peanuts when property was cheap. Once a year, you get invited—to the lake house, the slopeside cabin—and say the same thing to yourself on the drive back: I wish my family had a place like that.
Well, now's your chance. Low prices and record-low mortgage rates make this the best time in generations to buy your dream escape. Not so you can flip it—those games are thankfully over—but to use it, then, someday, hand it down. Your job is to pick one. Your grandkids will thank you.
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