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Mobile Bay Real Estate: 5 Reasons Buying Vacation Home Is A Good Idea
Mobile Bay Real Estate: 5 Reasons Buying Vacation Home Is A Good Idea
With the stock market in turmoil, many people are looking for alternative investments. Most of us are scared to death of jumping into the market right now and wondering what to do with their nest egg...other than sticking it under the mattress.
Christine Karpinski, director of Owner Community for HomeAway.com (an online vacation home rental marketplace) and author of How to Rent Vacation Properties by Owner, 2nd Edition: The Complete Guide to Buy, Manage, Furnish, Rent, Maintain and Advertise Your Vacation Rental Investment, says buying a vacation home is an excellent home is a good investment right now.
Mobile Bay home values are down right now, but history shows they always rebound, making a vacation home a great long-term investment. Christine doesn't recommend buying with the thought of flipping it in a year, but buying as a long term investment.
You are probably asking why buying a vacation home is a good investment.
First, there are deals to be had. Prices are lower than a few years ago during the peak of the housing bubble. The excessive number of foreclosures is also keeping prices down and inventory up, making ... more

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