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“Hey, Survival Guy, What about a Beach House?”

November 14, 2023 By E.J. Smith - Your Survival Guy

By Sahani Photography @ Shutterstock.com

“Hey, Survival Guy,” he said. “I see you spend some time in Newport, RI and North Conway, NH. My wife and I are thinking about buying a beach house here in Cali. What’s your take?”

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“Have you looked at Your Survival Guy’s Super States?” I thought to myself.

“You know how I feel about California,” I said. “If you can live with the politics, taxes, cities on fire, etc., it’s a beautiful place. It’s hard to leave the water, I appreciate that, but make sure it’s right to be a buyer as opposed to renting, especially today.”

The problem with second homes—and there are many—is they make sense at different stages in life and not necessarily in sequence. It’s nice when the kids are little to get away for the weekend. But when you’re empty nesters, it can sit vacant with regular monthly letters or emails from your friends “Mr. Cable, The Snow Removal Crew, Mrs. Condo Association, and Mr. and Mrs. Utility.”

Then there’s the issue of sharing the house with the next generations of the family. It can become a logistical nightmare you never dreamed about. There can be communication breakdowns. And only when you threaten to sell “the damn place” do cooler minds prevail. Who needs the trouble? The key is mending those communication breakdowns and letting the next generation figure out what to do.

“You might want to save yourself the trouble,” I said. “But once you get your mind on the beach, slopes, river, or lake, it’s hard to think about anything else. The familiarity you have with being home away from home might end up becoming ‘home.’ You love being there with your friends and family and all the memories.”

But here’s the key. If you’re not familiar with the area, rent for a couple seasons to get some boots-on-the-ground intelligence. And, finally, if you can’t stop thinking about getting away from it all, then do it. You won’t regret it. But keep in mind, I have yet to see a for sale listing on “Easy Street.”

Action Line: Tell me about your dreams. I’m a good listener. Let’s talk.

Originally posted on Your Survival Guy. 

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E.J. Smith - Your Survival Guy
E.J. Smith is Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. His focus at all times is on preparing clients and readers for “Times Like These.” E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998.

E.J. has trained at Sig Sauer Academy in Epping, NH, NH, where he completed course-work in Practical and Defensive Handgun, Conceal Carry Pistol, Shotguns, Precision Scope Rifle and Kidnapping Prevention.

E.J. plays a Yamaha Recording Custom drum set with Zilldjian cymbals. His first drum set was a 5-piece Slingerland with Zildjians. He grew-up worshiping Neil Peart (RIP) of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West (RIP JB) and Paris.

Please get in touch with E.J. at ejsmith@yoursurvivalguy.com

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