Forget Aspen! 10 Great U.S. Ski Towns Where Folks Can Actually Afford to Buy a Home

Winter, as you’ve surely heard, is coming—hard and fast. So why not ride it out in your very own home in the mountains, in a sweet place where the slopes are groomed, the air is clean, and après-ski bars are buzzing? While you’re at it, maybe chill for the summer too! Truth be told, you don’t have to be a second-generation reality TV star, tech titan, or trust-fund kid to live large in a great American ski town. And no, we’re not schussing you. You just need to know where to set your sights.

Hint: It’s not on Aspen, Jackson, Park City, or any of the other snowy playgrounds of the 1%, where median home prices rival or even exceed the most expensive neighborhoods of San Fransisco or New York.

But there are plenty of lower-key, way more inexpensive options around. In fact, just about half of America’s ski towns, as defined by realtor.com®, have a median home price under $300,000. So our data team set out to find the most affordable of the bunch, towns where you can keep the dream of owning a home near the slopes alive, and maybe even have some cash left over for a new snowmobile. Or heck, an SUV!

While you’d be forgoing some of the glam scenes, upper-end nightspots, and world-class powder of the best-known resort towns, these lower-priced mountain meccas are still undisputed winter and summer wonderlands. Some are old mining towns, or small remote cities that built resorts as a means to replace fading industries. They have fewer tourists, and miles of untrammeled nature.

To create our rankings, we started with a list of around 450 ski resorts, as compiled by onthesnow.com, a website that creates snow reports for the ski industry. We then looked at median list prices in the nearest towns or cities to those resorts to figure out which had the least expensive real estate. Only places with at least 50 homes for sale in October were included, and for geographic diversity, we included just one place per state.

So pull on that discount Uniqlo parka, grab a hot toddy or three, and let’s check out the best bargain ski towns in America.Most affordable ski towns

 

Read More:  Realtor.com – Ski Towns

Got Real Estate Questions?   The Caton Team is here to help.

We strive to be more than just Realtors – we are also your home resource. If you have any real estate questions, concerns, need a referral or some guidance – we are here for you. Contact us at your convenience – we are but a call, text or click away!

The Caton Team believes, in order to be successful in the San Fransisco | Peninsula | Bay Area | Silicon Valley Real Estate Market we have to think and act differently. We do this by positioning our clients in the strongest light, representing them with the upmost integrity, while strategically maneuvering through negotiations and contracts. Together we make dreams come true.

A mother and daughter-in-law team with over 35 years of combined, local Real Estate experience and knowledge – would’t you like The Caton Team to represent you? Let us know how we can be of service. Contact us any time.

Email Sabrina & Susan at: Info@TheCatonTeam.com

Call us at: 650-568-5522 Office: 650-365-9200

The Caton Team – Susan & Sabrina
A Family of Realtors
Effective. Efficient. Responsive.
What can we do for you?

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Visit us at:  Our Blog * TheCatonTeam.com * Facebook * Instagram * HomeSnap* Pintrest * LinkedIN Sabrina * LinkedIN Susan

Thanks for reading – Sabrina

Berkshire Hathaway HomeServices – Drysdale Properties

Sabrina DRE# 01413526 / Susan DRE #01238225 / Team DRE# 70000218/ Office DRE #01499008

The Caton Team does not receive compensation for any posts.  Information is deemed reliable but not guaranteed. Third party information not verified

What to consider when purchasing investment properties…

Many Real Estate investors, priced out of the Bay Area but savey enough to know that Real Estate is a solid, long term investment are migrating outside the Bay for oppotunities.  The moment local buyers start seeing the homes and prices just a few hours away from here – they start to get really excited about the prospect of owning Real Estate.

It’s one thing to buy a home you plan on living in.  It’s another thing to buy a home you plan on renting out – even if the end game is moving in down the line.

Here is a short list of things to consider when buying investment property:

  • How strong is the rental market in the area I am looking in?
  • What are rents going for?
  • What have they gone for?
  • What is the forecast of the rental market?
  • Will the cost of the rent cover the mortgage, insurance and upkeep?
  • What happens when I loose a tentant?
  • Do I have enough rainy day money to cover the loss of rent and tenant percurment?
  • How much does home maintenance cost for a rental property?
  • Will I be the landlord who fixes items – or will I want a property manager?
  • Will I manage the home myself?
  • Will I find a tenant on my own?
  • Will I draft my own contracts?
  • How much does a property manager cost?
  • What services do they provide?
  • What happens when something breaks?
  • Will you go fix it?
  • Can you afford to fix?  – By the way YOU have to fix it.
  • Do you want to be a landlord?

 

The list goes on.  Bottom line, sit down and talk with a Realtor you trust.  If you don’t know one – The Caton Team would love to interview for the job.  We can help you understand the local markets and refer you to local Realtors that can help you make an educated decision.  Apps and the net are great for information but nothing beats real world experiance.

Got Questions – The Caton Team is here to help.

We strive to be more than just Realtors – we are also your home resource. If you have any real estate questions, concerns, need a referral or some guidance – we are here for you. Contact us at your convenience – we are but a call, text or click away!

The Caton Team believes, in order to be successful in the San Fransisco | Peninsula | Bay Area | Silicon Valley Real Estate Market we have to think and act differently. We do this by positioning our clients in the strongest light, representing them with the upmost integrity, while strategically maneuvering through negotiations and contracts. Together we make dreams come true.

A mother and daughter-in-law team with over 35 years of combined, local Real Estate experience and knowledge – would’t you like The Caton Team to represent you? Let us know how we can be of service. Contact us any time.

Email Sabrina & Susan at: Info@TheCatonTeam.com

Call us at: 650-568-5522 Office: 650-365-9200

The Caton Team – Susan & Sabrina
A Family of Realtors
Effective. Efficient. Responsive.
What can we do for you?

The Caton Team Testimonials

The Caton Team Blog – The Real Estate Beat

The Caton Team Website

The Caton Team Advantage

How to Buy While Selling Real Estate

Want Real Estate Info on the Go?  Download our FREE Real Estate App:  Mobile Real Estate by The Caton Team

Visit us at:  Our Blog * TheCatonTeam.com * Facebook *Yelp Us * My Yelp * Instagram * HomeSnap* Pintrest * LinkedIN Sabrina * LinkedIN Susan

Thanks for reading – I wrote this – Sabrina

Berkshire Hathaway HomeServices – Drysdale Properties

Sabrina DRE# 01413526 / Susan DRE #01238225 / Team DRE# 70000218/ Office DRE #01499008

The Caton Team does not receive compensation for any posts.  Information is deemed reliable but not guaranteed. Third party information not verified.

Want to Learn About Investing? Ask Questions Like a 5-Year-Old

I don’t know about you folks – but with the price of real estate around here – my mind is all about investing – to raise some capital in order to invest in more real estate. I am blessed with a wonderful team of financial advisors, but I too enjoy combing the net to find new insights. I came across this article, written by the founder of GoldBean. Enjoy…

 

Want to Learn About Investing? Ask Questions Like a 5-Year-Old

For most people, the topic of money brings out many emotions — including confusion. Because of this, it can be difficult to learn about investing, and finding out how to grow your money can seem overwhelming.

At an event last week, I co-presented on this same topic, and want to share some thoughts around “talking about money” here.

Although reading up on a financial topic is a great place to start, there is nothing like getting out there in the real world and asking a lot of questions. This, I believe, is where the real learning happens. Asking questions, and asking them confidently, is the first step toward  financial empowerment.

These questions don’t have to be too involved and studied either. In fact, I suggest you channel your inner 5-year-old and come up with some of the simplest questions. Believe it or not, these often are the hardest.

As you get responses, you should be following up with phrases like Why? What? How much? and How? until you really understand what is being discussed.

For example, let’s say you’re at a picnic, and you find yourself talking to someone who seems like they know about investing.

First, you should find out who they are by asking, “Are you an investor?” If the person responds, “Yes,” you should follow up by asking, “Do you invest for yourself or do you work in finance and invest other people’s money?”

Once you have this info, you can ask for their point of view, such as, “I’m interested in learning about investing and getting started — what would you do if you were starting out on your investment journey today?”

My guess is that the person, regardless if they are a professional investor, self-directed investor, or work with an advisor, will give probably a very safe answer, like, “Look for low-fee ETFs that track the overall market.”

Now comes the critical part of your conversation. Don’t end it there by saying “OK, thanks,” and then go and quietly Google “What’s an ETF?”

Just like a 5-year-old, you should keep the questions coming no matter how basic they may be. In this same example, ask them, “Why an ETF?” And if that doesn’t answer the question, ask, “What exactly is an ETF? How much are they? How do I buy one?” And ask, “Can I lose money if the market goes down with this approach?” (Which, by the way, the answer is yes.)

Asking questions can also be great for unlocking opportunities. Imagine if you’d asked simple questions in the early days of companies like Apple,  Amazon, Netflix, or Google? If you are in your thirties or older, you probably remember using each one of these for the first time and having your mind blown by their innovations. Imagine if you’d asked, “Is this a public company?” “Can I buy shares in it?”

Simple questions aren’t just for learning. If you already have an investment advisor, or someone who manages your money for you, your most critical job is to be empowered to ask the tough questions. After all, it’s your money! So go ahead and ask without a hint of hesitation or embarrassment. For example:

Question #1: How well has my portfolio done vs. the market? (Also ask which benchmark they are using to determine “the market”.)

Question #2: Does my return include or exclude your fees? How much did I make after you took your fee?

Question #3: How much in total am I paying you?

Getting clear answers to these questions every year will show you the true value over time of having an advisor. If you get fuzzy answers, that’s a red flag! Channel your inner 5-year-old and keep on asking.

Also consider that the market is experiencing the longest bull run in history as well. So, if there is a downturn (or the more opaque term, “market correction”), remember that great opportunities exist during downturns if you can buy when everyone else is panicking. If you’re concerned, ask this question of the experts you come across: “If prices went down significantly, what would you do?” Prepare ahead of time and get familiar with how investing works so you can be ready for when the New York Stock Exchange becomes an outlet mall.

Sure, there are many more questions that need to be asked about investments — specifically around your risk, fees, expected returns, and timeframes — but those will come with time.

Like many things in life, keeping it simple and sticking to the basics is the best way to begin learning. So take a deep breath, and just ask.

Jane Barratt is a member of the DailyWorth Connect program.

I read this article at: https://www.dailyworth.com/posts/3602-to-learn-about-investing-ask-questions-like-a-5-year-old-barratt

Remember to follow our Blog at: https://therealestatebeat.wordpress.com/

Got Questions? – The Caton Team is here to help.  

Email Sabrina & Susan at: Info@TheCatonTeam.com

Call us at: 650-568-5522

Want Real Estate Info on the Go? Download our FREE Real Estate App:  http://thecatonteam.com/mobileapp

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Or Yelp me: http://www.yelp.com/user_details_thanx?userid=gpbsls-_RLpPiE9bv3Zygw

Connect with us professionally at LinkedIn: http://www.linkedin.com/profile/view?id=6588013&trk=tab_pro

Please enjoy my personal journey through homeownership at:

http://ajourneythroughhomeownership.wordpress.com

Thanks for reading – Sabrina

The Caton Team – Susan & Sabrina – A Family of Realtors

Berkshire Hathaway HomeServices – Drysdale Properties

Sabrina BRE# 01413526 / Susan BRE #01238225 / Team BRE# 70000218/ Office BRE #01499008

 

PURCHASING REAL ESTATE THROUGH YOUR IRA

Investing with your IRA – has been a hot topic I have been looking into for years.  This article, by RealtyShares is a starting point.  If you are curious on how to invest with your IRA – contact your financial consultant.  

PURCHASING REAL ESTATE THROUGH YOUR IRA

Real Estate is a true way to diversify and provides investors a more tangible alternative to the volatile stock market and the low-yield bond market. However, the fact remains that investors can’t access nontraditional assets like real estate through a traditional 401(k) or IRA. Rather, these investors, in order to take advantage of tax deferred returns, must invest exclusively in publicly traded securities like stocks and bonds.

Interestingly enough, real estate has been available to invest in using IRA’s, specifically Self-Directed IRA’s, under a little known IRS Code 4975. A Self-Directed IRA is an IRA like any other under IRS Publication 590 in terms of annual contributions, required minimum distributions, and types such as Traditional, ROTH, SEP, Simple 401K, Health Savings Account and Coverdell Education Accounts. However, it differs from a traditional IRA or 401(k) under IRS Code 4975, in that it allows one to invest in almost anything with the exclusion of life insurance, collectibles and S-corps.

The types of real estate assets that an investor can invest in using their Self-Directed IRA is quite broad and includes:

  • Residential or commercial real estate
  • Unimproved land
  • Rental houses
  • Multiple-occupant dwellings
  • Office buildings
  • Foreclosed properties
  • Deeds and mortgages
  • Crowdfunded Real Estate

The most important aspect of using Self-Directed IRA’s is understanding Prohibited Transactions. A Prohibited Transaction is the buying, selling, leasing, using, having any benefit or receiving compensation, directly or indirectly with a Prohibited Person, which is basically immediate family and lineal and a lineal descendants. In other words, one cannot invest in vacation property and vacation there, nor can they buy a condo for their parents to retire in, even if they rent it to them at market rates.

This post was written with the assistance of James A. Jones of Kingdom Trust Co. James is a national speaker and educator, and the most published author with 6 books in the Self-Directed IRA industry. He is also the Founder and CEO of the Self-Directed IRA Investment Institute and Vice President of Business Development for Kingdom Trust Co. He has pioneered the use of self-directed IRA’s in the Crowd funding space, and serves on the Board and Co-Chair of the Investor Committee for the Crowd funding Intermediary Regulatory Advocacy Group.

DISCLAIMER – The Caton Team does not endorse this company or product – all blog content is for your enjoyment.  Please contact your CPA for financial guidance.  

I read this article at: https://www.realtyshares.com/blog/purchasing-real-estate-through-your-ira

Remember to follow our Blog at: https://therealestatebeat.wordpress.com/

Got Questions? – The Caton Team is here to help.  

Email Sabrina & Susan at: Info@TheCatonTeam.com

Call us at: 650-568-5522

Want Real Estate Info on the Go? Download our FREE Real Estate App:  http://thecatonteam.com/mobileapp

Visit our Website at:   http://thecatonteam.com/

VISIT OUR INSTAGRAM PAGE: http://instagram.com/thecatonteam

Visit us on Facebook:   http://www.facebook.com/pages/Sabrina-Susan-The-Caton-Team-Realtors/294970377834

Yelp us at: http://www.yelp.com/biz/the-caton-team-realtors-sabrina-caton-and-susan-caton-redwood-city

Or Yelp me: http://www.yelp.com/user_details_thanx?userid=gpbsls-_RLpPiE9bv3Zygw

Connect with us professionally at LinkedIn: http://www.linkedin.com/profile/view?id=6588013&trk=tab_pro

Please enjoy my personal journey through homeownership at:

http://ajourneythroughhomeownership.wordpress.com

Thanks for reading – Sabrina

The Caton Team – Susan & Sabrina – A Family of Realtors

Berkshire Hathaway HomeServices – Drysdale Properties

Sabrina BRE# 01413526 / Susan BRE #01238225 / Team BRE# 70000218/ Office BRE #01499008