The Second Home Decision: Vacation Property, Investment, or Liability?

Description

The Lake Tahoe second home was used 19 days a year. The all-in cost was $84,000 a year. That’s $4,421 per day of use — enough to put the family up in a five-star suite, fly them first class, and still have change left over. A wonderful lifestyle purchase. Almost never a good investment. Know which one you’re making before you sign.