by Fallbarrow on Tue Aug 12, 2008 6:26 pm
Hi Ash and welcome to the forum.
You need to look at this decision over the long term and decide what your criteria for buying a lodge are. If you are looking for a pure financial investment, then buying one lodge does not make any financial sense (Windermere bought two and permanently rents one out which is a totally different economic dynamic).
SLP may well tell you that you can cover your costs from rentals and that is probably true but you will get very little personal use if you go down that route.
To be brutally honest, as a pure financial investment, stick your money in the building society (this advice applies to most "investments" at the moment including shares, btl property etc.).
However, lodge life is something very precious. The prospect of spending most weekends up in the Lakes, often with friends does not have any real equivalent financial value. If it is something you can embrace, then do it, you will not in the long term regret it.
In terms of some of the posts on this forum, Windermere is spot on. This forum has made a difference and we know that SLP Management read it. I firmly believe that there is a more open and responsive attitude from SLP and this forum has had some influence on that. Yes we whinge, but that is the British way. You may notice that the number of posts (positive and negative) has dropped off recently and that says a lot in itself.
So in summary, go into your purchase fully informed with the help of this forum, but most importantly, be absolutely clear as to why you want to invest in the "lodge lifestyle".
FB