ELI5: Explain Like I'm 5

Vacation property

A vacation property is a special kind of house that people buy so they can go on vacation and have a place to stay. It's like having your own special little house that you can visit anytime you want, like on weekends or during school breaks.

You might have heard of something called a "rental property". That's when people buy a house and then rent it out to other people who want to stay there on vacation. But a vacation property is different because you don't rent it out - you keep it all to yourself!

Vacation properties can be found in all kinds of different places, like near the beach or in the mountains. People usually buy them because they love spending time in that area and want to have their own special place to stay when they go on vacation.

Buying a vacation property can be a big decision and a lot of work - you have to make sure you have enough money to buy it, and then you have to take care of it and keep it in good condition. But for many people, having their very own vacation property is worth all the effort!