I came across this interesting article at CNNMoney.  the title, Now’s The Time To Hunt For A Vacation Home, caught my eye, since I work and live in what is considered a “Second Home” market.  Though I don’t necessarily agree with some of what she says, like her choice of location for a second home.  I mean, come on, New Jersey? She ever been to New Jersey? (J/K)  Sorry Pops, I know you grew up there, but it isn’t Hawaii.

Soooo…what were the points she made?

I own my primary residence, have no intention of moving soon and am locked into a fixed mortgage at a decent rate. So rather than getting all worked up about how much my house may (temporarily) decline in value because of the subprime fiasco, I’m thinking about whether falling prices present a real opportunity.  So the market is soft. Good. And mortgage rates are down to 2004 levels. Even better. Is it time to buy? Maybe.

So have you considered the same opportunities?