dlague
Active member
Too many people there - avoid like the plague.
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Questions re: Condo Ownership
- Thread starter spring_mountain_high
- Start date
Too many people there - avoid like the plague.
WWF-VT
Well-known member
Sales in 1993 were from $75-92K for slopeside at Snow Creek. That's still way more than the $10K you said could purchase a 2 BR ski in/ski out unit at Sugarbush. The last few years under ASC ownership was the time when Sugarbush laguished and Summit Ventures began the turnaround in 2001
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dlague
Active member
I thought this was a site for hardcore skiers. Recurring theme – “waahhh, I don’t like having to pack, so I lock into one mountain & buy a condo so I can leave my stuff there”.
Your cushy lives in your condos have left you out of practice and behind the times. A couple of points: Unless there’s a lot more 1 percenters here than I thought, most of us wouldn’t be able to afford a ski in/ski out on mountain type of place anyway. Many have referenced that they are “on the shuttle route” or nearby to a mountain. If that’s the case – you are packing it in anyway. 2[SUP]nd[/SUP] point – as has been stated in other threads, ski boot backpacks are one of the great recent ski inventions. For us, we not only pack our boots, googles, gloves in there but we also put our long underwear, ski pants, etc. in. Basically everything but the ski jacket. We just get changed in the lodge when we get there. In the AM, we just get up, throw the boot backpacks in the back, skis & poles in the Thule, and go in our street clothes. We can be out the door in 10-15 min after the alarm goes off. True even if we are staying overnight. Only difference is the 2[SUP]nd[/SUP] bag (that stays in the car) that has some xtra clothes for the overnight. The trick is to wash & repack your ski stuff after you return from your ski trip so that it’s ready to go for the next one.
I’ve spent the last 10 yrs schelping me, 2 boys (frequently a couple of their friends too), and sometimes the wife to different mountains. Never had any problem getting gear to any mountain. I usually pack a cooler with lunch, snacks, & drinks too. I’ve also found that a lot of mountains have done a pretty good job with their “drop off” areas & keep them moving/clear. Most times I am just rolling up, dumping kids/skis/bags and then I just park & walk up. Pick up the skis and boot pack on the way by and meet the family in the lodge. That’s “too hard”?
Added bonus too is that at the end of the day when all the rest of you are sweating your asses off in the bar because you are still in your long underwear and ski pants (because you can’t take that stuff off until you get home) – my stuff is back in the ski boot backpack and I’m in a pair of jeans and a T-shirt. I hate being in long underwear & ski pants indoors.[/QUOTE]
Funny, my family has always unloaded our boot bags and our skis and have never felt like it was an issue. We also do apres ski without all of our ski stuff on.
Here is how it works:
We change in to ski gear there (pretty easy) and put our street cloths in the boot bag. When we are done we change back and go to the bar. Really not that hard.
BTW once our kids were 6 they carried their own stuff. While a ski locker might be good, unloading is not that big of a deal. Skiing 20 ski areas per season does not help either and living at the edge of ski country with other of options takes owning or even renting out of the equation.
marcski
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Funny, my family has always unloaded our boot bags and our skis and have never felt like it was an issue. We also do apres ski without all of our ski stuff on.
Here is how it works:
We change in to ski gear there (pretty easy) and put our street cloths in the boot bag. When we are done we change back and go to the bar. Really not that hard.
BTW once our kids were 6 they carried their own stuff. While a ski locker might be good, unloading is not that big of a deal. Skiing 20 ski areas per season does not help either and living at the edge of ski country with other of options takes owning or even renting out of the equation.[/QUOTE]
Still sounds like a lot more work to me. We always have a change of clothes in the locker, along with extra ski clothes, gloves, etc. Let alone everything from street clothes to more ski clothes back at the ski house. I can leave the flatlands with literally nothing in hand. (Although I usually always have a few beers and thr kids have their ipads). The only thing I take home daily that I need to bring to the mountain are my ski boots, if they are wet, I'll take them back to the house, however, they dry out sometimes by the fire as I am sipping a few fermented beverages. The wife and kids' boots usually don't get as wet, although on occasion we take those home as well. While I agree it is certainly not prohibitive to do what you do and you get the extra variety but you can't compare how much easier it is to be 5-10 mins from the mountain.
Vortex
Member
Still pretty interesting Debate. One thing I don't think is mentioned much other than by SkiFanE, At least the majority of 2nd home owners I am aware of have Modest first homes. ie the value of both properties are in line with a single family home ownership.
Where you are matters as well. You can get slopeside at Sunday River for the low 100k range. Bottom floors where you can ski to your door are more. They seem to hold value too. I could not afford to be in NH or Vermont
Age matters two. 2nd home ownership starts in the 30's and 40's mostly, when people have younger kids. As kids hit college, they may sell or rent, and Re enter the market as they age, and school is paid for.
Its not just the 1 %, what ever that is. Is middle class and life cycles.
Where you are matters as well. You can get slopeside at Sunday River for the low 100k range. Bottom floors where you can ski to your door are more. They seem to hold value too. I could not afford to be in NH or Vermont
Age matters two. 2nd home ownership starts in the 30's and 40's mostly, when people have younger kids. As kids hit college, they may sell or rent, and Re enter the market as they age, and school is paid for.
Its not just the 1 %, what ever that is. Is middle class and life cycles.
Whitey
Member
Dlague -
We gotta ski together somewhere this upcoming season. We've got too much in common - Like to ski all over the northeast & try different mtns, same taste in ski runs/challenge, kids are hardcore lacrosse, etc. Now it sounds like we even pack/travel to the mtns the same way.
Good point Bob. My parents did the same as a kid. Instead of keeping up with the Jones and buying a McMansion in the Boston burbs, they kept their starter home and bought a second place in VT. I'm much happier having had that as a childhood experience than if they had bought one big house and we day and weekend tripped it all the time. I also was able to establish residency at the VT house and get in state tuition when I went to UVM and saved many thousands of dollars in tuition. Something for folks to think about if they have kids nearing college age.
BenedictGomez
Well-known member
The worst part about the ocean in Maine and New Hampshire is it's a little bit like the pool in Caddyshack given how friggin' cold it typically is. 60 degrees? Yeah, no thanks.
This is changing though. First-time home ownership isbumping into the 30s now. Decrease in desire to own a home, staggering student loan debt, declining and/or stagnant wages, and psychological apprehension due to 2008 are the triggers.
EDIT: Just checked due to curiosity, it's 33 now, and rising (i.e. not leveling off).
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drjeff
Well-known member
The consensus seems to be that for those who have bought that it's added to their lifestyle choice and that often other perks/conveniences that they weren't expecting are found too.
As long as we're all outside on the hill(s) of our choice having a good time either solo or with family and friends, it's all good in my book regardless of where on is sleeping that night
As long as we're all outside on the hill(s) of our choice having a good time either solo or with family and friends, it's all good in my book regardless of where on is sleeping that night
Interesting aspect with the school tuition. What did they require for proof?
AdironRider
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Its all in the student loan debt. Most millennials were still in college or younger during 08. Declining wages? Yeah maybe for Philosophy majors, most of my Economics friends, (same with Engineering) are doing just fine.
But we all have enough student loan debt to make our eyes bleed, especially at 22. Now that I'm 30 and buying a house, its a bit more manageable but only because I paid down my loans early and didn't restructure or defer, which most post grads are doing. But it says something that I am 30 years old, and the only one of my friends who owns a home.
Puck it
Well-known member
It is a lot harder to do that now. Parents have to show residency not just the child. Unless the child becomes emancipated.
I was wondering if time has changed that to be more difficult.
Puck it
Well-known member
For UCONN. I looked into it since he lived off campus for three years.
In-state tuition rates are a privilege authorized by the Connecticut General Statutes and areawarded only upon successful application for in-state tuition. Generally, the residencyclassification is determined at the time of application for admission.The University makes its decisions according to the applicable state law and within proceduresdeveloped to conform to the boundaries of this law. In-state tuition is governed by GeneralStatutes 10a-26, et. seq. The purpose of this application packet is to help you collect andsubmit the appropriate documentation to support your petition for in-state tuition rates.An individual is eligible for in-state tuition under one of the following conditions: (1) as anemancipated student who is domiciled in Connecticut; (2) as an unemancipated student whoseparents are domiciled in Connecticut; (3) as a Connecticut resident who attended four years ofand graduated from a Connecticut high-school; (4) as an emancipated student whose spouse isdomiciled in Connecticut; or (5) as a member of the military whose Home of Record isConnecticut or who is stationed in this state pursuant to military orders.There are three steps by which you apply for in-state tuition. First, you must determine thecriteria you are using to support your application. Second, you need to collect and submit theappropriate documentation by the due date. Finally, we ask you to sign a notarized affidavitconfirming the accuracy of the information submitted. Please note you may or may not becalled for an interview, after which you will receive notification of your application status.
dlague
Active member
Right down to kids in Lacrosse! Once the snow starts flying PM me or I will PM you and we can set it up!
Puck it
Well-known member
Puck it
Well-known member
Sounds like a Zoomer Bar initiation?
I took three semesters off. I initially went to Skidmore College for a year and it was crazy expensive. I realized I could get the same education at UVM for a fraction of the cost. I established the VT house as my residence and had W2 earnings in VT for six months. I lived off campus, worked fulltime and paid my living expenses, my folks helped with tuition. They cut me a check, I paid the school from my bank account and no questions were asked from the school.
So, it's not something that a kid can do straight out of high school. It took some time away from school, but I made it works. Saved something like 28K in tuition. This was late 90s. Today the savings would likely be double.
So, it's not something that a kid can do straight out of high school. It took some time away from school, but I made it works. Saved something like 28K in tuition. This was late 90s. Today the savings would likely be double.
I should add, my older brother did the exact same thing in the early 90s at Colorado State. He moved out there, worked for a year and established residency before going to school.
WWF-VT
Well-known member
+1 The square footage of my house in the Boston suburbs and condo combined as well as costs are well below the current norm in my town.
