The premise is that it is a reasonable investment amount, but it is possible to earn income from vacation home properties by renting them out to third parties or reselling them.
For this purpose, it is often the case that investors invest in vacation home properties that have the potential for a high NOI yield (cap rate) and outsource the operation and management operations to a company that is familiar with the operation and management operations of vacation home properties.
In Japan, during the so-called "bubble period" around 1990, there were many people who purchased expensive vacation home properties and vacation home areas by borrowing large amounts of money or borrowing money in advance from their retirement funds. Later, when the prices of the vacation homes they purchased plummeted, many of them were unable to repay their debts or had to sell them at a huge loss, and they were in a really difficult situation. As a result, there are many pessimistic opinions about buying vacation properties and vacation homes. In other words, the competition among investors to buy vacation home properties may not be heating up. In some cases, it may be possible to invest at reasonable prices.