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You have 1 milly to spend on a ski haus in the Northeast. Where are you buying?

Hastur

Well-known member
Joined
Jan 13, 2016
Messages
1,855
Points
113
Location
Southeast NY /Southern VT
Your aunt just died and left you a million dollars. The only caveat is that in order to keep it, you have to spend it on a second home in ski county. Where do you buy and why?

Starter home in Stowe?

Slopeside at J?

Saddleback?

Sugarloaf?

The Bush?
 

machski

Well-known member
Joined
Sep 5, 2014
Messages
4,067
Points
113
Location
Northwood, NH (Sunday River, ME)
We have our second home in Bethel, ME and have contemplated moving there exclusively several times since we bought it. I then relook at the state/local tax situation as a resident of ME vs NH. Just doesn't work out now or in retirement due to ME income me tax (and I haven't even factored in sales tax impact). Property alone in NH and ME as a NH reaodent vs Property/Income in ME for us is 2x the amount as ME residents minimum. Tack on sales tax, probably balloons to triple the amount depending on yearly spends. Just can't do it. Not sure what we do down the road, as of prefer just one residence eventually.
 

EPB

Well-known member
Joined
Nov 13, 2005
Messages
1,001
Points
48
I’d take my chances with how far it goes within 20 mins of the parking lot at Stowe. Real estate there is outrageous, but it’s my favorite place to ski and my favorite ski town in VT, too. Near the Stowe line in Waterbury or Morrisville would do the trick, too.

After growing up in SNH and skiing in the MWV every weekend, I echo everything that’s said about how prime a location NH is. I also wouldn’t be excited to buy in MWV with Vail’s abhorrent management of Wildcat and Attitash. I love Black, but not for 15-20 weekends a year. Canmore isn’t exciting enough either. The Littleton-Bethlehem-Franconia area would be my top choice in NH, which I honestly wouldn’t believe I’d say 5 years ago.
 

mister moose

Well-known member
Joined
Oct 11, 2007
Messages
1,119
Points
63
I'll take a cottage on Rangley lake and one of these:

Cessna-206-on-Wipline-3450-Floats.jpg
 

2Planker

Well-known member
Joined
May 16, 2007
Messages
1,747
Points
113
Location
MWV, NH
We have our second home in Bethel, ME and have contemplated moving there exclusively several times since we bought it. I then relook at the state/local tax situation as a resident of ME vs NH. Just doesn't work out now or in retirement due to ME income me tax (and I haven't even factored in sales tax impact). Property alone in NH and ME as a NH reaodent vs Property/Income in ME for us is 2x the amount as ME residents minimum. Tack on sales tax, probably balloons to triple the amount depending on yearly spends. Just can't do it. Not sure what we do down the road, as of prefer just one residence eventual
After 35 years of stocking our IRA’s, NH is the only place to retire since it doesn’t tax your IRA withdrawals.
Gotta say, Wifie always did a good job of doing our necessary shopping in sales tax free NH while living/working in MA/RI.
 
Last edited:

bigbob

Active member
Joined
Jul 10, 2007
Messages
814
Points
43
Location
SE NH
I’d take my chances with how far it goes within 20 mins of the parking lot at Stowe. Real estate there is outrageous, but it’s my favorite place to ski and my favorite ski town in VT, too. Near the Stowe line in Waterbury or Morrisville would do the trick, too.

After growing up in SNH and skiing in the MWV every weekend, I echo everything that’s said about how prime a location NH is. I also wouldn’t be excited to buy in MWV with Vail’s abhorrent management of Wildcat and Attitash. I love Black, but not for 15-20 weekends a year. Canmore isn’t exciting enough either. The Littleton-Bethlehem-Franconia area would be my top choice in NH, which I honestly wouldn’t believe I’d say 5 years ago.
I looked at a few houses in Grafton County on Saturday. First one was an open house, second one i just drove up after talking with the realtor. Owner gave me the $50 nickle tour. Open house had plates from NJ and Conn along with a few from NH and Mass.
 

Smellytele

Well-known member
Joined
Jan 30, 2006
Messages
10,368
Points
113
Location
Right where I want to be
Sell my primary residence in central NH. Then I am looking at just property somewhere in Northern NH. Throw a tiny house on it. Also would like to do the same in ID/MT/WY. Maybe a 3rd one in the southeast. Of course all just a pipe dream at this point but only a few years away from retirement.
 

machski

Well-known member
Joined
Sep 5, 2014
Messages
4,067
Points
113
Location
Northwood, NH (Sunday River, ME)
After 35 years of stocking our IRA’s, NH is the only place to retire since it doesn’t tax your IRA withdrawals.
Gotta say, Wifie always did a good job of doing our necessary shopping in sales tax free NH while living/working in MA/RI.
Yup, smaller stuff you can shop out of state. But bigger ticket items (thinking vehicles), your state of residency is getting those tax $ regardless of where you actually buy it.
 
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