I know, I know. We should all have such concerns! Actually, I don't think we could afford a second house, but that doesn't stop me from liking the idea of having one.
Yesterday, we were looking online at properties in eastern Pennsylvania (Stroudsburg & the Poconos region). We saw a couple of nice places, but the challenges are daunting.
First of all, I don't know that we could swing the payments in addition to our current mortgage. More importantly, I started considering the logistical issues.
One that comes to mind is this--suppose the heat goes out in the middle of the winter while we're 100 miles away. First, how would we even know? Is there some kind of remote monitoring equipment that we could install? Of course, if we didn't know, all of the pipes would burst!
Second, even if we knew about such a thing, what would we do about it? Would we have some local person on call who would have a key to the place?
This is just one thing that comes to mind. There are plenty of other issues I could think of.
Maybe we should just stick to day trips and be happy with one piece of property. I just love the idea of a "weekend place." Eh, it's probably more trouble than it's worth.