Only if you buy it for value appreciation and/or income. If you buy a second home in an area that you like instead of one with high potential upside it's not an

Only if you buy it for value appreciation and/or income. If you buy a second home in an area that you like instead of one with high potential upside it's not an investment. I would guess that few vacation homes are bought for the return they generate. If you want to invest in real estate, you'd rather buy homes in large cities.