I also don't think vacation property should be lumped in with "wannabe McTrumps". Most the people I know with vacation properties just use it themselves. I guess it's different if you bought a vacation property for the sole purpose of renting it out, but then it's an investment property, not a vacation property. Point being if you buy a vacation property for your personal use then presumably you can carry the costs comfortably enough. Anyways. I hear what you are saying on lots of people owning rental property and it's slightly worrisome because I'm a wannabe McTrump myself I guess. I never sold my place when I moved in with my husband.
Further to the hot market ancedotal stories - we've been looking since I made this thread. Have only been really interested in 3 places in that time and all three went to competing bids. One sold for list, one sold for $30k over list, and one $20k over list. Le sigh.
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