Thread: Gas Prices
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Old 2022-06-16, 04:53   #29
kriesel's Avatar
Mar 2017
US midwest

3·2,293 Posts

Originally Posted by rogue View Post
enough wealth to have a second home.
Net asset = property value - mortgage balance - any contractor liens. I knew an extended family that together bought two lakeside cabins and a parked trailer home at a resort that was being broken up after they'd vacationed there 3 decades together. They rented each out all summer long in 1 week stays by word of mouth to friends neighbors and coworkers, except for opening and closing & maybe a couple other weeks for their own use, and soon had people reserving immediately afterward the same week for the following year, as a means of affording the investment with sentimental value. Conditions of rental included that anyone who didn't take proper care of it, hauling trash and cleaning well at departure, didn't get to come back again. When a damaging storm went through, the whole family worked to find lost pier sections, clean up downed trees, make repairs of pier and roof damage, etc. Most took turns driving a new sand point well, etc. A real (3 generations) team effort to make a go of it.

Last fiddled with by kriesel on 2022-06-16 at 05:01
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