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moving to vt?

post #1 of 15
Thread Starter 
hey all,
my fiance and i would like to move to vermont from the nyc area. our fav places to ski are stowe, sugarbush, and jay...the problem is we arent to well versed in the surrounding areas. my fiance is an actuary and would like to continue with her career. can anyone suggest a place that could accomidate us? how far is jay from burlington?

: :
post #2 of 15
Burlington or Montpilier are the first two that come up.
post #3 of 15
Burlington area for sure. Probably the most job opportunities as it's the only real population center in the state. It's about 45 minutes to Stowe, Sugarbush, Smuggs, Bolton Valley, and about 75 minutes from Jay.
post #4 of 15
Burlington is definately where most of the big companies are located and has traffic congestion, big box stores, alot of students from the NYC area...just like back home....:wink:

Since your wife is an actuary Montpelier does have National Life of Vermont, a large insurance company, although they have been doing some downsizing, which your wife could check out. Overall, Vermont's business climate is considered by the insurance business do be very unfriendly.

Montpelier and Burlington are about 30 mins apart, alot of folks live in Montpelier and work in Burlington and vica-versa. If your looking for a rural or a small town situation there are alot of posiibilites.

While the surrounding towns of Burlington, like South Burlington, Underhill, Jericho, Colchester, Essex Jct are alreading crowded, lots of traffic and high real estate prices(reletive to Vermont, of course). You can go alittle further out which gets you cheaper real estate and even closer to several ski resorts. Places like Waterbury, Richmond or Hinesburg. You might have to commute alittle but this commute is way diferent than the typical commute from the burbs to the big city.

Here are some websites for more info
www.vermont.gov
www.vermont.com
www.virtualvermont.com
post #5 of 15
Heh an actuary!! Isn't that like an accountant without the personality

Just kidding...I can make fun because I happen to be one too. Your fiance will likely not find an actuary job in Burlington. Maybe in Montreal.

Why go to Vermont? If your going to move to the mountains why not do it for real and head West. It's really not that difficult and Denver, Seattle, Portland, SLC will all have jobs for geeky insurance folk. I even found an actuary job in Reno...though I was kind of hoping not to :
post #6 of 15
Thread Starter 
I have thought about the move out west. We were so close to making the move to the Boulder area, and with all this talk of snow starting to fall high up in the hills, I am not sure we are making the right decision in not going. However, all of our family is back east. While the thought of the West hasn't been forgotten, we are leaning towards the east...vermont.

x-eastcoaster...as an actuary, what are other fields could her skillset be of value to?

We just want to ski!
post #7 of 15
Quote:
Originally Posted by stonethrower View Post
I have thought about the move out west. We were so close to making the move to the Boulder area, and with all this talk of snow starting to fall high up in the hills, I am not sure we are making the right decision in not going. However, all of our family is back east. While the thought of the West hasn't been forgotten, we are leaning towards the east...vermont.

x-eastcoaster...as an actuary, what are other fields could her skillset be of value to?

We just want to ski!
Other fields for the fiance - finanial analysis, benefit consultant, market research, medical and drug statistical analysis or basically anything where there is data crunching or mathematics involved. My experience was that with other fields it was difficult to get a bite on jobs much above entry level simply because no one really knows or understands what actuaries do. Is your wife going through the exams? If so she'll probably want to stay in the field. If she's already an ASA she will definitely make by far the most money staying as an actuary.

If you really want to ski then why not just give it a shot out West? You can always go back if the distance from your families becomes too much of a burden. I know first hand that uprooting and reestablishing yourself is a bit scary but in reality it's kind of easy, especially with marketable job skills and some money saved. The wife (my fiance at the time) and I came to Reno with no jobs, friends or any roots whatsoever and within 3 months we had better jobs than back East (less competition), a better house, tons of friends that all do the stuff we do and now we get to do rediculous things in rediculously beautiful places any day we want. You don't want to wake up in ten years regretting that you never even gave it a shot do you??

In case you didn't know, Reno and Salt Lake City are disgustingly close to the basically the best skiing in the World and they both have airports within minutes of where you'd live (so getting back East is pretty easy) and plenty of jobs. Boulder is nice too but the distances to skiing, jobs and airport are much greater.
post #8 of 15
If you move to VT check out which towns have the higher tax rates. Have you heard of prop 61. It raised the property taxes for the ski towns. I'm sure it won't be long before they raise the taxes in the towns next to the ski towns.

Also check out the services, that the town offers.
post #9 of 15
Quote:
Originally Posted by Max Capacity View Post

I'm sure it won't be long before they raise the taxes in the towns next to the ski towns.
Why would they target the towns next to the ski areas?
post #10 of 15
Quote:
Originally Posted by stonethrower View Post
hey all,
my fiance and i would like to move to vermont from the nyc area. our fav places to ski are stowe, sugarbush, and jay...the problem is we arent to well versed in the surrounding areas. my fiance is an actuary and would like to continue with her career. can anyone suggest a place that could accomidate us? how far is jay from burlington?

: :

We did the very same thing. Moved from outside NYC to Vt. We had a condo in S-bush & had thought of just moving into it. Trouble w/ SB/MRG/jay is that the employment opps were just not there & most of the towns close down out of ski season. Stowe tends to be more alive, but too rich for our taste
We ended up down the road.....work in Rutland & live in Chittenden, Ski Killington, Middlebury, Pico. Good luck!
post #11 of 15
Quote:
Originally Posted by Paul Jones View Post
Why would they target the towns next to the ski areas?
Becuse most native vermonters get squeezed out of the area because they can't afford to stay there. As a result the state taps into a lot of out of state money (vacation homeowners).

Also the view is, that ski towns are "rich".


The theory behind Prop 61 and other taxes were to take money from the "rich" areas of the state, and use them for education purposes in the not so wealthy areas. The problem is that many "rich" towns put tons of local money into their school system only to be taxed to develop somebody elses....

Good luck if you decide to move there. If you have a choice between Boulder and Burlington.....you should never consider calling Burlington home !
post #12 of 15
Quote:
Originally Posted by Uncle Louie View Post

Also the view is, that ski towns are "rich".

Taxes in ski towns are lower because of the taxes paid by the ski areas. They pay enough to offset the other property owners.

Towns next to ski towns don't have that offset. They might have new construction or high end homes, but they don't have the offset. It doesn't make sense that their taxes would go up.
post #13 of 15
Quote:
Originally Posted by Paul Jones View Post
Why would they target the towns next to the ski areas?

Because in about 5 years the people who have moved from the Mt towns will only have moved to a town close to the Mt. When it's time for more Tax $$$'s where is the next place to hit? All the weathly second home owners in the surounding towns. Larger state tax base.
post #14 of 15
I have lived in Vermont all of my adult life since 1959. Currently, I live in Essex Junction (since 1990) but I lived in rural Westford (fifteen years) and before that in Burlington (ten years). If you PM me, I'll be glad to give you the real skinny on living in Vermont. There are a lot of opportunities here that you won't read about in the newspapers.
post #15 of 15
It actually called Act 60 and has nothing to do with ski area towns, perse, and much too complicated to fully explain here. It was over 10 years in the making.

i'll give it a shot tho. In a nutshell it equalizes school funding cause the previous system which relied on local property taxes made for inequable school funding. For example, Stowe spent $12,000 per student, before Act 60, while a poor town might only have $4000 per student.

It was a front burner issuse for many years, nothing was done by the legislators so a student sued and the Vermont Supreme Court forced the state to come up with Act 60. It effects mostly the wealthy and out of state homeowners. Vermont resident homeowers who make less than $85,000 see little increase in their total property taxes by getting a "prebate" based on your income unless their property gets more valuable.

Non-residents pay a higher tax rate than Vermont residents which is one of the main reasons the nice folks who own homes in the Town of Killington keep threatning to move the town to NH. You could write a book just on this story.

Tax rates are divided into 2 main parts, the state rate and the local rate. The state rate is fixed on a formula, local taxe rates change depending a bunch of factors and is finalized at each towns Town Meeting in the spring. Like I said it is complicated so I hope this makes some sort of sense.

If you talk to someone from a Gold(sending town) like Stowe, they hate it but if you talk to folks in a receiving town, they, of course, love it.

Tax rates in ski towns are higher not lower than most other towns cause the value of a similar property in Stowe is much higher than most other communities. Many workerbees in Stowe live in Morrisville, 10 miles north, cause property taxes are lower therefore lower rents and home prices.
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