The price of the houses are also going up about 7% per year which means it will also double in 10 years to match your investments. This doesn't include any changes in the prices of the lots. If you choose to purchase now and rent the house, you will get some tax breaks if you actively participate in the process that lower the total cost plus you get the income from the rental. Winter rentals are almost a sure thing and while it won't pay for everything, it will reduce your monthly costs. You need to look at it as any other investment and weigh your ability to handle the costs and the benefits you get from it. One benefit you don't get from stocks, bonds or mutual funds is you can't go visit them and stay there for a vacation. Even it you don't rent it you can deduct any interest from a second home mortgage.
You can run into health problems, employment problems, divorce, money problems or legal problems which may affect you in the future as others point out. You can also sell the house, probably for a profit if you have to sell it. They don't stay on the market long here, much different from other areas of the country.
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