{"version":"1.0","type":"rich","provider_name":"Acast","provider_url":"https://acast.com","height":250,"width":700,"html":"<iframe src=\"https://embed.acast.com/$/662e92cca1c8cf00124f7237/671132b6fb3e5769611d721d?\" frameBorder=\"0\" width=\"700\" height=\"250\"></iframe>","title":"I'm Rich- Should I get a second home? ","description":"<p>**Summary of Podcast Episode: \"I'm Rich, Now What?\"**</p><p><br></p><p>In this episode, the hosts discuss the concept of owning a second home, weighing its practicality and motivations. Zeus shares his experience of purchasing a second home post-divorce, emphasizing the emotional appeal rather than purely investment motives. He purchased a beach house valued at around $900,000, which has appreciated to about $2.2 million, yet he rarely uses it, preferring privacy.</p><p><br></p><p>The other host contrasts this with his investment strategy, operating multiple properties, including a renovated second home that he rents out on Airbnb. He notes that the vacation rental market doesn't always appreciate in value, prompting him to rethink his investment strategy.</p><p><br></p><p>As they delve into motivations behind buying second homes, they acknowledge that many people often choose them to impress others. They conclude that owning a second home makes sense if you genuinely plan to use it, suggesting that potential buyers evaluate their lifestyle and usage to determine if it aligns with their goals.&nbsp;</p><p><br></p><p>The episode wraps up with a humorous exchange about the disparities between their experiences, highlighting the lighthearted nature of the discussion around wealth and property ownership.</p>","author_name":"Anon"}