WSJ Says Now's the Time to Buy Vacation Homes

The Wall Street Journal has taken note of the increase in activity in upscale vacation homes like those here on the Cape. But their advice, and mine, is to go into it with a long view. In the early 2000's as the bubble peaked, it was a safe bet that if you needed to in under 5 years you could unload a piece of real estate and get all your money back and then some, but we're not seeing that kind of irrational appreciation today.The market is improving, but if you don't have a confident view of your own future over the next 10 years or so, it's best to wait until you do.