There’s at least one major upside to the bursting of the real-estate bubble: The kind of adventure-ready second home you’ve always dreamed about is suddenly within reach. From mountain retreats to lakefront outposts to slopeside condos, here’s your primer on where to invest for the long haul.
No, Big Sky is not the billionaire’s Montana. OK, so Ted Turner has a ranch in the area, and two exclusive communities, the Yellowstone Club and Spanish Peaks, are also here. But Big Sky itself is a tiny (pop. 2,200), old-school skiers’ destination with a base area sporting 1970s condos and nothing remotely resembling a “village.”