Maintaining a second home you don’t use is a black hole for money.
Why should I waste my inheritance paying for upkeep and taxes, for a place I don’t use, especially if it’s somewhere in FL when you live in NY for example.
It’s no reflection of the economy that people can’t afford an inherited home. Who needs the hassle and the risk of squatters, or renting it out?
When my parents are gone (hopefully not for many years), I really don’t want or need their house and land in the country in another part of the state. I forgot what exactly the plan is but that part isn’t my problem.
I’ve been in the burbs way too long and would be a modern day Oliver Douglas trying to make the place work. The spouse would not tag along and there are some good reasons why.
There are only a handful of things I’d want and out of that realistically keep around or use at all.