My folks own a vacation property near one of the Lakes in NH. My Dad built it so it house more than a cottage. They have had it for over 20 years now. They don't rent it out. They go up every weekend from mid June through Labor day. In addition, they go up for 2 weeks in July. Each of the kids (3 of us) go up for 1 week with vacation with the family during the summer. My aunts have vacation homes on either side too.
However my Dad is retired and my mom is nearing retirement so it maybe sold soon. Taxes, water and all other bills are huge and while they have the money to support it they don't necessarily need the hassle of a 2nd home.
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