Second Homes for the Rest of Us

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second homesSecond homes were once only the provenance of the very rich. But decades of American prosperity (the last few years excepted) made the weekend home a middle-class dream. For many, however, it remains just that: a dream. But Kristine Hansen of our sister site, Shelterpop.com, explores how to make a home away from home affordable, even if your budget is more suited to barely affording just one.

It may be out of reach, but I dream of owning a lake house someday. Here's how I plan to buy one.

I opened up a savings account yesterday -- to save for a second home. Since it's going to be a seasonal cottage, I'm looking at spending less than $200,000. So I'm trying to put in $100 a month for the next 20 years. In my account right now: a meager $200.

At this point in my life, I can only daydream about that cute little white house with Adirondack chairs facing a Wisconsin lake. And the awesome barbecues I'll host. And the canoe rides at sunset. I'm not ashamed to admit I spend many hours cruising real-estate listings. So I decided to at leasttryto make that dream a reality.

Read more at Shelterpop.com.


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