topic
We are about to buy second and have 500k saved.
Don't!
First make sure you have 3-6 months emergency funds and your 401k is on track to be maxed out for the year. Then make sure you have enough saved for 20% down payment and 10% for incidentals, plus any known necessary upgrades to the second home. Having said that, if you are buying now, make sure you are ready to hold for the next 5-10 years.
$300K when brought 1st home and $2.5mil when brought 2nd home recently
For some people, it’s less of a cost thing than a time availability. I have a place in Scottsdale. I’m there maybe 4-6 weeks a year. My extended family however, love it.
*save
Huh