"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."
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.
Read at Business Insider
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