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

[Hastur]

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?

 

[4aprice]

NH has always been my favorite NNE state. Whites are the most scenic and tallest. Lakes are great and it's even got coastline. Spent a chunk of youth up there and look back very fondly. Has become more Mass lately but still find it appealing.

 

[machski]

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]

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]

I'll take a cottage on Rangley lake and one of these:

 

[2Planker]

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.

 

[bigbob]

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]

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]

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.

 

[2Planker]

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.

True that. SIL from RI shopped around for best price on the loaded version of the SUV she wanted. Best prices were by far in NH. Nashua to be exact.

 

[djd66]

With $1mm you could rack up some amazing ski trips. I’m talking heli skiing, business class flights, ski in/out hotels,.. I think I would spend it on chasing powder. If you invested properly, you could just travel nicely on the interest alone.

 

[machski]

True that. SIL from RI shopped around for best price on the loaded version of the SUV she wanted. Best prices were by far in NH. Nashua to be exact.

Yeah, about all you in can do is try to find the best dealer deals. Because once back in home state and registering, the tax bill cometh.

 

[snoseek]

Yeah, about all you in can do is try to find the best dealer deals. Because once back in home state and registering, the tax bill cometh.

Nh has pretty high registration fees so I feel like they get some of that money over a longer term.

 

[Quietman]

But the yearly inspection process will end beginning next year which will save some $.

 

[snoseek]

But the yearly inspection process will end beginning next year which will save some $.

I'm not getting.mine done in October. I'm actually happy about that for sure.

 

[kbroderick]

But the yearly inspection process will end beginning next year which will save some $.

Unless you're trying to buy a beater. One of the few benefits of an inspection state is that you get a class of vehicles that are operable but unlikely to pass again without stupid money. They end up being relatively cheap to buy as a result, and with some luck, you can end up with functional transportation cheap.

Without an inspection regime, you effectively eliminate one form of clear vehicle lifespan and get more of a gentle slope in value as they approach scrap status.

 

[trackbiker]

But the yearly inspection process will end beginning next year which will save some $.

No it won't. When I lived in South Carolina they did away with state inspection because people had a fit when they needed to raise the price a nominal amount of $25.00. Everyone's insurance premiums then went up $100 to $150 per year due to all of the junk on the roads with bald tires, bad brakes, and burnout headlights and brake lights.
The legislature may not be able to confirm a correlation but the insurance companies can. Or just say they can in order to raise the rates.

 

[deadheadskier]

No it won't. When I lived in South Carolina they did away with state inspection because people had a fit when they needed to raise the price a nominal amount of $25.00. Everyone's insurance premiums then went up $100 to $150 per year due to all of the junk on the roads with bald tires, bad brakes, and burnout headlights and brake lights.
The legislature may not be able to confirm a correlation but the insurance companies can. Or just say they can in order to raise the rates.

Interesting

The argument in NH for doing away with it is that there are too many crooked mechanics that force drivers into unnecessary repairs.