published Jun 7th 2016, 12:55 pm, by Leonid Bershidsky (Bloomberg View) — Greece, that hotbed of worst economic practices, has provided a perfect illustration of one of the biggest problems facing governments: In a world that’s increasingly unified by technology, the fiscal systems are still designed for 20th-century business models.

The most significant distinction is that a vacation home is a financial investment. A timeshare isn’t one of them. When you buy a vacation house, you are purchasing the entire property. You have the option to sell, rent, upgrade, and live in the house whenever you choose. If you decide to sell, you’ll almost certainly make a profit. A home also necessitates a higher initial investment. Because you won’t be living there all year, you’ll be paying for empty space (unless you choose to rent).