Still, Vacation homes remain the hardest-hit in the country today. Evidently, because a second home has all the costs more often than not of your first home without the easy write-offs from the IRS. If your cash is not that sizeable enough to manage a vacation home price, better plan and save before getting one.
As USA Today reiterated - "The buyers' market for vacation homes is likely to continue for years, with activity largely limited to buyers with enough cash to circumvent a tighter, post-recession lending environment."
See this article now:
www.usatoday.com