St. Simons Island

With the help of my son, Scott, I’m posting from St. Simons Island, on the Georgia coast. It’s about a five-hour drive southeast of Atlanta.  My wife, Gisela, and I have been taking this annual vacation for several years. We’ve stayed in accommodations overlooking the ocean.  We’ve stayed in a motel near the St. Simons lighthouse.  Now, it’s a roomy inland condo.  The main reason for our visit, the ocean and the beach, comes with them all.  We’ve talked about buying a condo, but when we run the numbers, it’s a tough sale.  For example, we could buy one like we’re renting for about $230,000.00.  We could project an annual rental income of twenty thousand  when we’re not using the condo.  That would mean a 10 to 15-year payout…too long for us.

Until too-long comes, we’ll keep on renting.

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