On Thursday Bloomberg (via Buisiness Week) reported homeowners with $1 million plus mortgages are defaulting at about double the rate of other U.S. homeowners. In September payments on about 12% of mortgages over $1 million were 90 dyas or more late.
Over the past year we’ve seen many luxury ski resort developments based on a real [...]
In a previous post, There Goes the Neighborhood, I wondered about the future of the Yellowstone Club now that economic sanity is being valued even by people with enough money to live frivolously indefinitely. Has all the bad PR and gloating by critics and schadenfreudenistas permanently branded the YC as a new kind of toxic [...]
The court battle for the ownership of the Yellowstone Club reached its denouement today and Sam Byrne and his Cross Harbor crew emerged as the victors according to New West’s report in the court’s decision. Like many skier observers, I’ve been watching this imbroglio with bemusement, not really caring much about who would be pronounced [...]
Important update- please read the update I just placed at the end of this post. It seems the Carradan Ski company may be less than it appears to be.
I first read about Carradan Skis last year, rolled my eyes at skis with price tags beyond $10,000.00, and went on about my business enjoying the magical [...]
Robert Frank is reporting that Donald Trump is considering bidding on the Yellowstone Club next month, butTrump claims to be skeptical about the viability of the whole concept of the club. According to Frank, the Donald is worried because the business of a private golf and ski resort, sustained by land sales and service profits, [...]
Who’d have thought that the “world’s only five-billion star concierge alpine skiing” would be in Wyoming? And not in Jackson. And not anywhere even near a respectable ski hill, let alone a ski mountain.
Ever heard of Savery, Wyoming? Me neither. Mr. Google showed me its way out in southern Wyoming just about on the Colorado [...]
So sad to learn; another members only exclusive club is in the news- Stowe Mountain Resort’s Stowe Mountain Club recently announced the opening of their Alpine Club building as a hub for its operations.
According to their website: For generations, families have shared the magic of Stowe. Now, there is a club worthy of this inspiring [...]
Earlier this month I blogged about the growing trend of ski resorts creating expensive, exclusive private membership clubs to coddle (and profit handsomely from) the wealthy. I groused about these clubs because the resorts give these members special privileges to get on the ski lifts before the rest of us. Just yesterday I overheard a [...]
Reading about the latest strange turn of events in the ongoing Yellowstone Club imbroglio, (Warrant Issued for Arrest of Edra Blixeth) brings to mind Honore de Balzac’s famous line, “Behind every great fortune lies a great crime.”
It appears the schadenfruedenists amongst us will be in for many more months (or years?) of joy as the [...]
Even if you only have half as many millions in your portfolio this winter as you did last winter, why not spend a little with the Baron Benjamin de Rothschild at his B&B in the French ski resort Megeve?
His Domaine du Mont d’Arbois offers many accommodation choices, but why not book the first floor Baronne [...]
