This not really a RE finance question, but I am sure people here can opine. I am considering buying a "recreational property" in the Hudson Valley ( specifically the New Paltz area). The idea is to work from there during the extended summer and get out there on the weekends so my doggie can roam the property. I am thinking of spending 150-250 and pay cash.
(a) Do you think I am not thinking straight and if so, what am I missing?
(b) The prices look lower vs the levels 3-5 years ago (while I am not buying it as an investment), is that a trend that's expected to continue?
(c) Any other words of wisdom?