Unless you have a CDL license with a 0.02 limit.
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Balsams Grand Resort teams up with ski industry legend Les Otten
- Thread starter bobbutts
- Start date
How many Marijuanas can you have?
x10003q
Active member
Canadian dollar is $.73US today and 30yr mortgages are near 7%. Les needs people to purchase real estate units and the Canadians are not going to buy real estate in the US with this exchange rate and interest rate.
Yes. Additionally, this market already has established resorts in Tremblant, Jay, and other local Quebec areas. It is also not an easy drive to get to Dixville Notch from Montreal. Lots of cross-lots roads through small towns.
They also, as an independent resort, have to compete with Alterra and Vail (to a lesser extent) that offer relatively inexpensive pass programs with multiple destinations.
That said, I would love to see the Balsams reopen. We drove by it in January heading to Sugarloaf and it was sad to see the ski area sitting dormant and the Hotel facilities completely quiet and unoccupied.
x10003q
Active member
There are numerous US ski areas inside 3 hours from Montreal - also including Whiteface (2:15) and and Gore (2:40) on 1 ORDA pass. Then there are the multitudes of Quebec areas. Even with funding and non-profit status he is going to have a tough time selling real estate not only to Canadians, but to the US skiers.
It depends on the potency, the same with alcohol. If you are impaired from either, you should not ski or drive. What the hell is the problem? I will add, someone that is stoned all day long everyday (especially for years and years) is impaired and is an addict and should not ski or drive. Just like someone that is drunk all day long everyday (especially for years and years) is impaired and is an alcoholic and should not ski or drive. How many Marijuanas and drinks do you have and then ski or drive?
If you have a CDL license and are working, why would you even have a drink?
Maybe not, how may Canadians got in on Jay Peak Real Estate? However, the Quebecois do like to ski and they love coming to the US, not only to ski but to vacation all year round. Have you ever been to Old Orchard Beach in Maine in the summer? Four times as far a drive, and the place is practically a French speaking beach!
No one has ever said this was going to be easy. But a remote ski resort the size of Killington in the Great North Woods of NH, sounds pretty good to me. Could be the place to go to escape the crowds, it's colder and gets more snow than most places in VT and NH, and doesn't have as many freeze and thaws cycles. I imagine untracked powder runs every time down!
You should reopen my locust thread, it's fun-comedy and excellent satire about Northern New England vs Southern New England/NY/NJ. Similar to the long time New York-Boston rivalry or Yankees-RedSox trash talking. There's no harm in the locust thread, I learned how to trash talk from the best; Deon Sanders, Charles Barkley and Larry Bird.
Tons of Quebecois in North Conway, especially in the Summer & Fall
They are all over the hiking trails, tent sites and summits of the White Mountains too-all year round. Drive up Route 1A and Ocean Blvd in Hampton-North Hampton-Rye on a good surf day any season and hundreds of them are there too, a lot of them in their Transit vans.
No problem for most of us
We welcome their Canadian $, and the fact that they book their hotels months in advance
I actually agree, they should not have locked it down,... I found the whole thing kind of comical.
x10003q
Active member
Jay is under 100 miles from Montreal.
Canadians vacationing in the US is a whole lot different than buying real estate in today's financial climate. The Balsams is a pure real estate play and Les has 2500 units to sell in order to build out his ski map.
Canadians are not going to buy due to high US dollar value and high mortgage rates.
Boston has tons of closer skiing choices and Maine (including the reopened and updated Saddleback) for more remote and less crowded skiing.
Anything south of Massachusetts is never going to buy northern NH because of the distance.
Where is the market?
Hawk
Well-known member
I am buying a place. Getting in early.
Edd
Well-known member
How far down the road are you with that?
Ever see the real estate market around Loon/Lincoln/Franconia/Littleton? Not very much for sale and everything sells very fast. How many units are owned and being sold at Sugarloaf, far-far away too? People invest in real estate for the long term gain, The Balsams may attract a lot of them, won't be easy though.
Be careful. Remember all those who bought early at the Jordan Hotel. People paid $50-60,000 for quartershares that you can get now for $5,ooo or thereabouts. Maybe their value will go up a bit with the new lift, but never back to the original prices.
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