I have thought about this before, and I came to the conclusion that balance is key.
Opportunity cost is not just monetary, it is everything else as well. We argue $5000 is really $15000, when you have $15000, the same opportunity cost will present in front of you to roll it over and get to $45000, and so on.
Now, we have health, time, energy, the loved ones, and we take it for granted. By the time we are finally ready to take the plunge, do we still have the health to enjoy it and loved one to share it with?
We will never have enough money, it is a moving goal post.
Life is funny in a way, we can work hard and save while we are young, full of energy, have a lot of time, and are very healthy. By the time we have accumulated all the wealth, we no longer have the health and energy, and just sit on a pile of money, for whom? This is the trap we need to get out.
Is the value of a holiday on a beach in Greece, that much more than the value of a holiday o a beach in Finland? Is the "experience" factor worth it? This depends on the type of holiday for sure - but not all are created equal.
I am with you on that :) I'd rather invest $5k and go to a local beach.
People value things differently, and Greece beach could be more valuable to them. (A new beach to visit, favorite beach, childhood beach, miss Greece, want to visit Greece for the first time, warmer, or whatever the reason is)
I know people who would book a room at a hotel locally for the family, just to "get away". (To me it would be a waste of money)