 Poster: A snowHead
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| Kenzie wrote: |
| kitenski wrote: |
| @Mike Pow, we've done similar calculations, inc buying a winterised motor home! Another thought was perhaps doing seasonal rentals and changing each season once retired! |
Split the difference - buy a nice apartment in an outlier village for one of the mega-resorts to use for two seasons, then let out to a trusted company (ie that you have come to know & trust from being in resort) for three seasons & do three seasons in three other resorts, then back to the apartment for two seasons & repeat. |
Good strategy
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Obviously A snowHead isn't a real person
Obviously A snowHead isn't a real person
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| BobinCH wrote: |
| Mike Pow wrote: |
How old are you?
My partner and I worked out that if we won £1 million on the lottery we wouldn't buy a place in the £500,000 to £1 million range.
You can get plenty of holidays for approx £500 per person per week (flight, transfer, accommodation, HB) depending where you go and when you book.
So we figured you could get 50 weeks holiday a year (50 x £1000) for 20 years for your £1 million at today's prices.
Even with price increases you should still be able to get 15 years of fun in
That would take me to 70 years of age.
If I checked out then , I'd be a happy boy. |
Or put down 500k on a place, mortgage the rest, renovate it and then rent out the peak weeks to cover your costs and provide a nice ski holiday fund! After 15 years your 500k will be worth 1.5m so you can buy yourself a gold plated zimmer for your retirement! |
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Well, the person's real but it's just a made up name, see?
Well, the person's real but it's just a made up name, see?
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| BobinCH wrote: |
| Mike Pow wrote: |
How old are you?
My partner and I worked out that if we won £1 million on the lottery we wouldn't buy a place in the £500,000 to £1 million range.
You can get plenty of holidays for approx £500 per person per week (flight, transfer, accommodation, HB) depending where you go and when you book.
So we figured you could get 50 weeks holiday a year (50 x £1000) for 20 years for your £1 million at today's prices.
Even with price increases you should still be able to get 15 years of fun in
That would take me to 70 years of age.
If I checked out then , I'd be a happy boy. |
Or put down 500k on a place, mortgage the rest, renovate it and then rent out the peak weeks to cover your costs and provide a nice ski holiday fund! After 15 years your 500k will be worth 1.5m so you can buy yourself a gold plated zimmer for your retirement! |
Works well providing your kids are not at a school age when you can only use it during peak holiday times which is situation we find ourselves in. We’ve chosen to to rent out as the non-peak rental income not really worth the hassle and costs.
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You need to Login to know who's really who.
You need to Login to know who's really who.
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| pam w wrote: |
| Quote: |
That would take me to 70 years of age.
If I checked out then , I'd be a happy boy.
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That won't seem so joyful a prospect when you're 69.  |
Yeah, "hope I die before I get old" isn't the anthem it used to be, is it?
Also: some folks feel they must go only to their little place and nowhere else, since they spent all that money. And for a few years, it may well be that way. But its ok to dance with multiple partners on this one. Its a big world. Seeing it makes your little place that much more special.
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Anyway, snowHeads is much more fun if you do.
Anyway, snowHeads is much more fun if you do.
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| Ozboy wrote: |
| BobinCH wrote: |
| Mike Pow wrote: |
How old are you?
My partner and I worked out that if we won £1 million on the lottery we wouldn't buy a place in the £500,000 to £1 million range.
You can get plenty of holidays for approx £500 per person per week (flight, transfer, accommodation, HB) depending where you go and when you book.
So we figured you could get 50 weeks holiday a year (50 x £1000) for 20 years for your £1 million at today's prices.
Even with price increases you should still be able to get 15 years of fun in
That would take me to 70 years of age.
If I checked out then , I'd be a happy boy. |
Or put down 500k on a place, mortgage the rest, renovate it and then rent out the peak weeks to cover your costs and provide a nice ski holiday fund! After 15 years your 500k will be worth 1.5m so you can buy yourself a gold plated zimmer for your retirement! |
Works well providing your kids are not at a school age when you can only use it during peak holiday times which is situation we find ourselves in. We’ve chosen to to rent out as the non-peak rental income not really worth the hassle and costs. |
Rentals here are nuts this year. We keep on putting up prices and people keep booking. Someone booked our place at full rates for 6 weeks in Feb and March, and was willing to move out for the half term week. 25k buys quite a few weekend’s away! Certainly didn’t buy in Verbier as a financial investment but it’s turned out to be one of our best ones.
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You'll need to Register first of course.
You'll need to Register first of course.
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Excellent
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| Mike Pow wrote: |
| Excellent |
Come and visit if they let you out of Wales!
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| BobinCH wrote: |
| Mike Pow wrote: |
| Excellent |
Come and visit if they let you out of Wales! |
Thanks
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You'll get to see more forums and be part of the best ski club on the net.
You'll get to see more forums and be part of the best ski club on the net.
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| BobinCH wrote: |
Or put down 500k on a place, mortgage the rest, renovate it and then rent out the peak weeks to cover your costs and provide a nice ski holiday fund! After 15 years your 500k will be worth 1.5m so you can buy yourself a gold plated zimmer for your retirement! |
Or just invest the money in a share portfolio that doesn't need renovation, maintenance, upkeep, utilities, property taxes, worrying about what damage tenants are doing, etc.
Dividends will pay for holidays in hotels wherever you want to go and capital growth may well outperform the current overheated alpine property market over the timespan, esp if climate change wreaks havoc with the winter season in the Alps!! 
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snowHeads are a friendly bunch.
snowHeads are a friendly bunch.
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@luigi, I think the OP wasn't looking for ideas for investment portfolios, but something that met lifestyle dreams.
To some extent it is an unanswerable question, big name ski resorts and value for money aren't entirely compatible wishes. But further research around "acceptable" ski resorts might lead to something.
I think it would need homing in on a specific area and then looking for opportunities. We met a couple in St Gervais* who were renovating what was for them the dream chalet - they had visited the locality several times before and knew their way around, and got to know some local estate agents (there happen to be a couple who are British, one of whom pops up occasionally on Snowheads). Having discussed exactly what they had in mind they were first in line to be phoned when something suitable came up, and they are very happy with a place which is liveable now but in desparate need of upgrading (and in their case, only a couple of hundred metres from a piste).
[*Not particularly recommending St Gervais which may not fit the bill, it's just that it's the area I have some knowledge of. By the way this couple reinforced the opinions aired above, builders in alpine regions are difficult to get and expensive, plus French building regulations add costs you may not have realised].
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And love to help out and answer questions and of course, read each other's snow reports.
And love to help out and answer questions and of course, read each other's snow reports.
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| BobinCH wrote: |
| Mike Pow wrote: |
How old are you?
My partner and I worked out that if we won £1 million on the lottery we wouldn't buy a place in the £500,000 to £1 million range.
You can get plenty of holidays for approx £500 per person per week (flight, transfer, accommodation, HB) depending where you go and when you book.
So we figured you could get 50 weeks holiday a year (50 x £1000) for 20 years for your £1 million at today's prices.
Even with price increases you should still be able to get 15 years of fun in
That would take me to 70 years of age.
If I checked out then , I'd be a happy boy. |
Or put down 500k on a place, mortgage the rest, renovate it and then rent out the peak weeks to cover your costs and provide a nice ski holiday fund! After 15 years your 500k will be worth 1.5m so you can buy yourself a gold plated zimmer for your retirement! |
Or take the £1m, buy 3 properties using a gearing ratio of 50% (so 3 x 600k properties), rent 2 out and use the proceeds of them to pay the mortgages. With a bit of luck the properties go up in value over a 20 year period and you sell two, repay the morgages on 3 and you have a free property
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FAQ
