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Photo: Don Mammoser (Shutterstock) At the height of the pandemic, one of my friends—a self-proclaimed elder millennial who asked to remain unnamed—packed up their family of four in Brooklyn and sought refuge upstate. Buying property was no small investment, but at a time when cities were largely shut down, the rural prices felt like an opportune move. A quick browse around StreetEasy shows that you’d be hard-pressed to buy a place for less than one million dollars in Park Slope, the Brooklyn neighborhood where my friend lives full-time. Various listings upstate, however, could be twice the size for less than a third of the Brooklyn prices . My market analysis is less-than thorough, but again: The fact that real estate is cheaper outside of large cities is nothing new. More to the point, the trend in buying “vacation homes” before a regular “starter home” comes down to the potential for a return on investment. Over the past few years, numerous headlines and blogs reported on the advantages of purchasing a “second” home before your first. But will this vacation-home-buying trend continue as the pandemic (hopefully) subsides? Here’s what you need to know. Why vacation homes are the new starter homes With exorbitant housing costs in major cities, many homebuyers opted to continue renting their primary residence while actually owning property in less competitive markets. Although experts were noticing this trend before March 2020, like with many things, the pandemic accelerated it. According to Money.com, the average millennial buyer who […]