I am a real estate investor in San Diego and have given a great deal of thought to buying a place in the mountains.
If you calculate the annual cost of maintaining a nice home and divide by the number of days of use, you will often find it more expensive than the staying at the Waldorf with hot and coldf running blodes. Ever wonder why resort areas have more real estate offices than service stations?
You can reduce the costs by renting it out but when you go there, you are now staying in a rental.
My attitudes were formed when 40 year old beat up 2 BR 2 BA condos at Mammoth were selling for well over $300K. Things would look a lot better with current pricing. Things would also look better for someone who plans to eventually retire there.
It sounds like you can well afford to take the plunge. I think you might have regrets if you don’t. As for the bad financial new; the time to buy is when blood is running in the streets. I doubt that there is a lot more bad news coming down the road for Mammoth.
