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Reply to "Things, experiences, or wealth?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I spend my money where is counts. Like one of the PPs said - there is no substitute for good quality high-thread count sheets. You won’t catch me with a Gucci handbag, ever. I do value experiences where I bond with people. Our family skis a lot, so we invested in good quality lessons when our kids were 3 and bought a ski home; we get about 15 days on the mountain a year. We travel to visit family overseas and spend money when we are with them. That said experiences like a Pink or Taylor Swift concert, although I like their music, will not increase the quality of my life one iota, so I will never buy a ticket. I buy my kids clothing that will allow them to fit in, but never be at the height of fashion (hard no to Golden Goose shoes!). With this - I actually bought 2 ski homes - one for each kid, held in trust. This ensures my grandkids will also have this experience. When I retire, I’ll buy something small for myself in the area. So, my priorities are BONDING experiences, then generational wealth. Things are just for comfort along the way, like a good night’s sleep, healthy delicious food, comfortable warm clothing, etc. - nothing fancy or showy.[/quote] We’re a skiing family too. I’m interested in your ski homes. A few QQs? -How good is your family? I ask because my DW, my DD, and I are experts that generally ski double blacks out west, and I’m worried everyone would quickly get bored of anything in the mid-Atlantic, especially as the younger kids advance. - Are your 2 ski homes in the same area? What state(s)? - How many BRs in each house? I’d be torn between buying something just large enough for our family vs something large enough for multiple families (we have 3 kids). - Do you rent it out? - I’ve considered buying a place in Colorado (we live in DC). We’d use it at least 3 times per season, but I don’t know if family would go with us (flight $$$). Friends likely would, though. - We like to visit lots of places, and sometimes Chase storms. This is one thing that has held us back. Do you pretty much always ski at your home mountain?[/quote] We all ski double blacks and back country. Our youngest is still resort single black. Homes are each small 2bdrm in CO very close together. We bought before the short term rental moratorium, so we rent it out when we're not using them (not transferrable to new buyers in our area). We bring friends and they stay in one place, we stay in the other. We get the Epic pass, which allows us to ski multiple places. We can stay at our place and reach 5 or 6 different resorts without getting additional accommodation. We haent been bored of the terrain ever! We also stay during the summer for a while, which is an added bonus because we don't make money off the places in the summer.[/quote]
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