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Originally Posted by MovieStar
I used to live in colorado outside of Vail. Vail BECAME Vail in the early sixties. The land prior to becoming a winter play ground was sheep pastures. Only ranchers lived in the area. Now the entire valley which is about 45 miles long is full of Multi-million dollar ski chalets.
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I bought a house on foreclosure in Breckingridge CO. in the late '90's. Since then the area was booming. The area between Dillon and Breckenridge was remote, now developed with million dollar homes.
As an investment property, it was paying for itself by renting it out in the winter months. After 9/11, I've been having a hard time renting it out to pay the expenses. The property's value has skyrocketed in the past few years and so has the taxes. I am hard pressed to keep the property.
Winnipesaukee is not alone.
