Should You Buy a ‘Second Home’ on LBI First?

A new trend is starting in shore locales like Long Beach Island. Buyers are buying their “second home” while continuing to rent their primary residence. The purchase of an LBI beach house may be a place to escape for the weekends, a place to spend vacations, or a place to consider renting to others as a money-maker. But it’s also in keeping with the widespread belief that owning real estate is a sound investment, so the sooner one can get a piece, the better. “Property values have grown over time,” notes National Association of Realtors economist Lawrence Yun.

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