Any Okemo (VT) Condo owners out there? If so, I'm looking for your opinion.

[Rogman]

Vacation home ownership sucks financially, however, of all my lousy investments, it is by far my favorite :smile:. When you factor in all the costs, no way you come out ahead, short term or long term. Condo fees, utilities, taxes, maintenance, it is just endless. Add on top of that the cost of passes, equipment, gas, tolls, auto wear and tear, it would be cheaper to stand outside in blizzard tearing up hundred dollar bills; it's worse than sailing in that respect. For the next few years, I wouldn't expect any real-estate investment to do well; the long years of steady 8% to 10% growth are over, and because it is highly leveraged, the possibility of losing all your principal is very real. But do it anyway, you won't be sorry.