catwho, pet mage of Jabober wrote:
My sister in law and her husband, who are by all standards for north Georgia pretty solidly upper middle class (except McCain's $5 mil standard which they fall far short of), own one house and one chunk of land that the bro in law uses for hunting.
Sure, it's a really nice house in a really good area, and I guess you can call that extra 100 acres he owns investment property, but really. Even upper middle class folks generally don't own multiple homes. The American Dream (tm) is to own a home, singular.
I'm pretty close to having 2 homes. But the first is the family house that's been passed down (Nothing spectacular about it, 26x50ft, single story, full basement, 3 rooms 1 bath).
I'm not sure about the second, I think I want the piece of land next to us instead, but it's a hard choice. Land is so expensive around here right now. Doesn't help that it's all near a lake, and outside of the town so there aren't 100s of people around. That and I really don't want to get a huge loan again right after paying off my student loans... I like the idea of not being in debt.