Homeownership has become increasingly challenging, especially in high-cost cities like New York City. Faced with exorbitant home prices and competitive markets, a couple opted for an unconventional path by purchasing a vacation home in Lake George instead of a primary residence. This decision allowed them to generate rental income while still enjoying a personal escape from city life. Their approach showcases a creative solution to housing challenges, allowing them to build equity without sacrificing their city lifestyle.
For many of us, the dream of homeownership has never felt more out of reach. Sky-high interest rates, low inventory, and bidding wars have pushed prices well beyond what many can afford.
Instead of attempting to buy a primary residence in the city, we rethought traditional homeownership and bought a vacation home first.
Collection
[
|
...
]