[Scroopy Noopers]

Originally Posted by CorsiHockeyLeague

Hey, my "vacation property on Vancouver Island" is none of those things. First of all, it's not on Vancouver Island. Second, the thing I'm building sits on property I do not own - it's family property, but I'm not on title. Its monetary value essentially doesn't matter, because none of the plots of land there or anything on them can be transferred to anyone other than the direct descendants of my great-grandfather. Also it's like 90% just... woods. As a result all the money I'm pouring into building it can't be recovered, except to the extent I airBNB it for a couple weeks a year, which might net me a few thousand but will never get close to covering the building costs. It's essentially the same thing as the boat everyone is talking about - a hole you dump money in for the hope of enjoying your time spent in said hole.

It's also not a vacation property, really. You could characterize it as a retirement property that I'm just building early with the tradeoff of being hilariously house-poor (such that I am not among those you'll see at Model Milk). But really it's just my inevitable contribution to the family enclave. My great grandparents built a house there, then my grandparents, then my dad, then my cousin, next my brother and probably my other cousin. So it's more like my place in Calgary is my "work property", it's the only thing I can actually sell for money. And when I do, I will have one small house and at most a joint interest in the property on which it stands, and if everything goes to plan, a small and manageable mortgage.

Not only don't I have "#### you" money, I have "God I hope nothing bad happens" debt.

Wow, that ####ing rules. I thought your place was cool and all, but this is wicked.