I'm worried about the expenses. I know I should be happy. We are mortgage free on our apt and this is a 2nd home- but the thought of a new mortgage, taxes, etc etc scares me. DH thinks we are fine.
Thank you. DH is over the moon happy about this decision which is nice to see. I never fancied myself a second homeowner. Maybe once we are settled it will feel less daunting.
This. I don't think anyone will be able to make a profit in six months if it's a dump in an undesirable area. A nice home in a holiday destination on the other hand and OP should be perfectly fine.
@anonymous about 1/2 hr - 4o min north of nyc in a more rural but still good school district. Good for commuting if it comes to that one day. Either to school every day, or for lockdown remote- very comfortable . DH still going to the office, I am FT remote for now. Kids in class now but who knows if that will change .
@Anonymous just beware of real estate taxes. we bought a second home in a similar commutable locale and now are going to sell it bc the taxes are so high and we don’t utilize the schools here.
It's fine. And the second home market is so strong right now you could change your mind in six months and likely turn a profit.
Thank you. DH is over the moon happy about this decision which is nice to see. I never fancied myself a second homeowner. Maybe once we are settled it will feel less daunting.
Where is the second home?
This. I don't think anyone will be able to make a profit in six months if it's a dump in an undesirable area. A nice home in a holiday destination on the other hand and OP should be perfectly fine.
@anonymous about 1/2 hr - 4o min north of nyc in a more rural but still good school district. Good for commuting if it comes to that one day. Either to school every day, or for lockdown remote- very comfortable . DH still going to the office, I am FT remote for now. Kids in class now but who knows if that will change .
@Anonymous just beware of real estate taxes. we bought a second home in a similar commutable locale and now are going to sell it bc the taxes are so high and we don’t utilize the schools here.