BenedictGomez
Well-known member
Wages for everyone in America have been on the decline.
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Questions re: Condo Ownership
- Thread starter spring_mountain_high
- Start date
Wages for everyone in America have been on the decline.
Vortex
Member
Another Angle VSAC, Vermont Students Assistance Corp. Not sure if that is still what its called. My folks moved from VT to NH my Junior year. VSAC wanted to pull my AID due to my parents not living in VT any more. I got a 15 minute 3 board member conference call appeal hearing. Explained my parents moved. I stated I had a written job offer I could provide and upon graduation, I would work and live in VT. I also said I work in Vt every summer and every weekend, and stayed with a Vermont Family member. All was true. They gave me back my State Financial aid. I was a student in Mass. I was surprised and impressed. I did what I promised and so did the VSAC association. Small state personal touch
Puck it
Well-known member
Very true. Salary increases have averaged 2-3% for quite a few years and cost of living is 3-4%.
Vortex
Member
You are correct. I was more getting at what I experienced starting 15 years ago when I started looking at 2nd properties.
I have a son starting college next week. establishing residency for purposes of getting in state tuition is becoming more and more difficult for obvious reasons. so much so that there are companies that will assist for a fee but even they can't do anything in some states.
jimk
Well-known member
This is mostly just restating what’s already been said in this interesting thread, my two cents:
My folks owned a vacation home near a ski area (Blue Knob) in southwestern PA from ~1972-1987. At the time my three siblings and I ranged in age from late teens to late 20s (I was youngest). The cool thing about the house and skiing is that it was a powerful enough draw to bring even young adult children back into the fold for many nice family gatherings/holidays that eventually grew to include spouses and grandchildren. You will ski more if you are invested in property near a resort, than if you are just a day-tripper skier. As stated, with ownership it becomes a lifestyle once you have season passes, all associated gear, new friends, a new place and way to spend weekends including summers too. My parents never rented their house. They liked it personalized and did not buy it as a moneymaker. When they got older and sold it after 15 years they realized only a little appreciation, but had lots of fond memories and no regrets. My folks home was about a mile from ski area. Slopeside would have been nice, but most all the lifestyle benefits there from one mile out too.
As an adult I myself never owned a ski house, but have thoroughly enjoyed skiing around, in fact, have visited nearly 90 different ski areas at this point. I have lived all my life in Virginia and I enjoyed our small, not very snowy local ski hills, but also was quite motivated to visit bigger, snowier ones in New England and out west. When my kids were under the age of ~12 they usually only came with me to ski local hills a few times a winter. It was only later that I brought them on longer ski trips. As a result only one of my four kids (my son) is currently what you would call a die-hard expert skier, but the others still ski under the right circumstances. It would be cool to own a ski house even now, but last year I did a one month rental in Summit County, CO and I really liked that approach. More upfront cost, but few headaches, and no long term commitment. I found a nice two bedroom condo and stayed for the month of March at a cost ($3500 total) for what one week might cost for a similar upscale property for just one week during the winter Holidays. You take what you get in life and any skiing is good skiing.
PS: I went swimming for a week every summer at Hampton Beach during the 60 and 70s. It toughens you for ski season! Plus, the water is beautifully clear compared to down here at the mid-Atlantic beaches.
My folks owned a vacation home near a ski area (Blue Knob) in southwestern PA from ~1972-1987. At the time my three siblings and I ranged in age from late teens to late 20s (I was youngest). The cool thing about the house and skiing is that it was a powerful enough draw to bring even young adult children back into the fold for many nice family gatherings/holidays that eventually grew to include spouses and grandchildren. You will ski more if you are invested in property near a resort, than if you are just a day-tripper skier. As stated, with ownership it becomes a lifestyle once you have season passes, all associated gear, new friends, a new place and way to spend weekends including summers too. My parents never rented their house. They liked it personalized and did not buy it as a moneymaker. When they got older and sold it after 15 years they realized only a little appreciation, but had lots of fond memories and no regrets. My folks home was about a mile from ski area. Slopeside would have been nice, but most all the lifestyle benefits there from one mile out too.
As an adult I myself never owned a ski house, but have thoroughly enjoyed skiing around, in fact, have visited nearly 90 different ski areas at this point. I have lived all my life in Virginia and I enjoyed our small, not very snowy local ski hills, but also was quite motivated to visit bigger, snowier ones in New England and out west. When my kids were under the age of ~12 they usually only came with me to ski local hills a few times a winter. It was only later that I brought them on longer ski trips. As a result only one of my four kids (my son) is currently what you would call a die-hard expert skier, but the others still ski under the right circumstances. It would be cool to own a ski house even now, but last year I did a one month rental in Summit County, CO and I really liked that approach. More upfront cost, but few headaches, and no long term commitment. I found a nice two bedroom condo and stayed for the month of March at a cost ($3500 total) for what one week might cost for a similar upscale property for just one week during the winter Holidays. You take what you get in life and any skiing is good skiing.
PS: I went swimming for a week every summer at Hampton Beach during the 60 and 70s. It toughens you for ski season! Plus, the water is beautifully clear compared to down here at the mid-Atlantic beaches.
slatham
Well-known member
jimk, I grew up in Bethesda and learned to ski at Liberty (Charnita), Roundtop, and BlueKnob. Fond memories and an inbred appreciation (and knowledge) of good snowmaking! Have wanted to get back to BlueKnob (with good snow) to ski it again - want to see if Extrovert is really as steep as I remember it as a kid!
Are schools increasing length of stay as a means of determining residency?
College is getting so ridiculously expensive, I'm sure many still figure out a way like me and my brother did. Might just mean a couple more years off and working after high school, which for many kids isn't a bad thing. Let's them experience some poverty and realize how important college is.
VTKilarney
Well-known member
If making money by renting was so easy, lots more people would do it.
You certainly wouldn't need to advertise your listings here.
You certainly wouldn't need to advertise your listings here.
WWF-VT
Well-known member
Looks like the posts from our friend at Jim Campbell Real Estate have been deleted. I was hoping would be a key conributor in the "Big Burke announcement" and "Jay Peak bombshell" threads
jimk
Well-known member
LOL. I was born in Bethesda Naval Hospital in 1953.
Not sure I'd ever recommend driving south from LI to ski, but I have a friend who wants his ashes spread one day on Extrovert. He’s enjoyed it that much and holds it with that much esteem. It is steep and often gnarly due to icy surfaces and windy exposure. Perhaps comparable to Ripcord at Mt. Snow or Upper FIS at Mt. Ellen, except usually with thin, icy conditions and a little dirt between mogul troughs. Even to this day I frequently compare other steep slopes I come across to it. Last winter was a poor one in Tahoe and I was at Kirkwood, CA one day when the whole mtn was covered with a thin, extra-firm, frozen granular surface. When skiing a black diamond slope called The Wall I joked, “good thing for the years of preparation on Extrovert.”
Extrovert with abnormally good coverage in 2010:
The Wall at Kirkwood with abnormally thin/slick coverage in 2015:
Sorry for thread hijack:-0
gmcunni
Active member
daughter , just starting Junior year in HS, has expressed an interest in University of Colorado, in Boulder. if she gets in and it is her first choice we'll be CO residents before she starts school.
dlague
Active member
Hell ya!
dlague
Active member
I liked my approach. Started college and thought it was too expensive as well not to mention that a partied and skied a little too much. So... went into the military got out paid for school using military benefits and the remaining military money was used to pay for my student loan. Got a job in California and used tuition reimbursement to pay for graduate degree. Education on the cheap. Now have a son on the same path. Other son moved to Florida worked for six months became a resident and is going to school there for about $1000 per semester which works too. Nice thing he is self funding it. EVEN BETTER!
