Home›Real Estate›Residential›Snowbird plans face pressure from ongoing costs, not p…

Snowbird plans face pressure from ongoing costs, not purchase prices

MarketWatch notes that even with a roughly $2 million nest egg, the continuing expenses of maintaining two homes can make the lifestyle difficult to sustain.

Reported · Written up by our desk · Residential

Planning to split time between two homes, sometimes dubbed a snowbird setup, can be harder financially than the purchase itself, according to MarketWatch.

The outlet said the biggest challenge is not buying the second property, but the ongoing costs required to keep two homes running.

Those recurring expenses, not the initial price tag, are what can stretch a nest egg over time, MarketWatch added.

In the article, MarketWatch specifically frames the concern around whether a $2 million retirement pool could support two homes.

More like this

Sources