3264: Does Owning a Vacation Home Make Sense? by Darrow Kirkpatrick of Can I Retire Yet on Real Estate Investing

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Business, Education, Self-improvement

4.4 • 1.3K Ratings

🗓️ 29 August 2025

⏱️ 12 minutes

🔗️ Recording | iTunes | RSS

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Summary

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3264: Darrow Kirkpatrick examines the true costs and emotional implications of owning a vacation home, revealing how the dream of a getaway can quickly become a financial and lifestyle burden. By unpacking both personal experience and broader considerations, he offers a grounded perspective to help readers evaluate whether buying a second home aligns with their values and goals. Read along with the original article(s) here: https://www.caniretireyet.com/does-owning-a-vacation-home-make-sense/ Quotes to ponder: "Vacation homes offer convenience and familiarity, but those advantages can come with hidden costs." "It’s easy to overlook opportunity costs when making emotional decisions, especially around real estate." "You’ll need to honestly assess whether a vacation home supports your desired lifestyle or distracts from it." Learn more about your ad choices. Visit megaphone.fm/adchoices

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0:48.3	The economist know which way is up.
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0:54.7	Does owning a vacation home make sense?
0:57.5	By Darrow Kirkpatrick of can I retire yet.com.
1:01.7	It was a crisp, cloudless autumn day in 2004.
1:06.7	My son and I set off on mountain bikes from a trailhead in rugged North Georgia.
1:11.9	We climbed gradually on an abandoned logging road.
1:15.6	It led up through beautiful old hardwood forests to near the summit of a stately mountain.
1:21.9	We leveled out, then began the descent toward Lake Blue Ridge.
1:26.1	We glided downhill on perfect trail, hugging the contours,
1:30.4	coasting through the fall leaves. After a few minutes, we veered across the back of the mountain.
	...

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