Rich millennials are buying vacation homes before starter homes. There are 3 things you should consider before buying one, says a financial expert.

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Rich millennials are buying vacation homes before starter homes. There are 3 things you should know before buying one, says a financial expert.

," her latest of 11 books."And not just because you can no longer deduct mortgage interest."

Some vacation homeowners also feel guilty if they want to vacation elsewhere — it can be hard to justify paying for a trip when you already have a place to visit, Chatzky said. "Road testing a second house you plan to use for these purposes is even more important than road testing a house you plan to vacation in," she wrote, adding that the road test should be longer than a few weeks or days."If it still feels like a vacation, you haven't stayed long enough."

 

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