Forums » General » Owning an apartment in a ski resort
Hi all,
Just wondering if anyone in here owns a place in a resort. E.g Breck or Whistler or maybe somewhere in France?
I'm wondering if it is a worthwhile investment and/or how quick you paid back the cost of the property.
I have always been of the mindset that there sooooo many resorts in the world. Why would you want to tie yourself down to one.
However, as I get older (now 40) I am thinking about investment and actually zeroing out my cost for this hobby.
If I look at the cheapest place and look at the rental numbers then potentially I could have the place paid off in 10years.
Seems decent...
Although... The state of the environment, global warming, poor snowfall, no rental interest, what if the resort operator went bankrupt etc etc.
...these are all things that make me wonder whether I should just stick to spending £2k or much less a year until my knees finally say no.
I met someone 15 years ago who had bought a French ski chalet. I'm sure by today they're probably mortgage free and able to enjoy it or use the rental income to go elsewhere.
Pipedream or feasible? Thoughts?
You know, it seems to me that it's much better to be the owner of a house on some sunny beach with white sand and waves, although, of course, everyone has their own. It's just that I'm more of a fan of surfing than skiing, so I would prefer such a vacation. I got to know this literally a year ago when my wife and I went to Australia and rented a great house with the help of https://www.onholidays.com.au/victor-harbour-holiday-houses /. It was then that I realized that my number one goal for the next 5 years is to earn money so that I can buy a house in the same area.