Weekend country cottage---cash only?
I know a weekend country cottage is a luxury. Do you think it's OK to get a mortgage on one, or is it the type of thing that if you can't pay for it 100% cash, you shouldn't be buying it at all? I suppose if I knew real estate didn't go in violent up & down cycles, it would be less of an worry because then you could always sell your second home without a loss if you get in a bad pinch like being laid off for an extended period. By the way, by cottage I do mean something modest, not a big country estate or anything. Thank you!