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re: Discussion about retirement spending and how much you should save...

Posted on 7/22/15 at 12:17 pm to
Posted by Y.A. Tittle
Member since Sep 2003
101668 posts
Posted on 7/22/15 at 12:17 pm to
Why are you considering equity in a primary residence as "savings" but not a vacation home? If anything, I'd think the second home is more a savings asset type vehicle than a primary residence, no?
Posted by TheHiddenFlask
The Welsh red light district
Member since Jul 2008
18384 posts
Posted on 7/23/15 at 1:21 pm to
Because second homes cost money. They are an extravagance and whatever savings you are doing is probably being offset by the amount you are spending on it.

You don't save your money in paying off boats either.
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