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Very good info allready in this thread... i will tell you what you should do to have the best time in my opinion.... If you come down here, you´ll arrive in Sanatiago. You should try to come in august, best snow, people are going back to school so its only crowded on weekends, if you cannot come in august or you want to come earlier july is sick to, lil bit more crowded but no big deal, also the best snow.
First you should stay about a week and a half or two weeks in the three valley area. You shuld stay in farellones for lodging but i know that if you get here and try to talk to some of the locals or some of the other foreign people you can get some very cheap lodging by paying some of the rent. Also in the three valleys you´ll have the best parties from 5pm after skiing till 4 am evryday in july, lots of beautiful girls, very nice chill vibe, everybody loves gringos down here so you'll have a great time, and you can pick between the 3 resorts that are here. You have great terrain, some of the best snow, and decent-good park in no more the 15 minutes ride (you can easily hitchhike). In between you can go to portillo for a day or two by taking a bus for 15 dollars, and you can always do it without reservation so you can got there if you see a storm coming so you can get powwww (usually it doesnt snow more than 2 days in a row, and then bluebird sky).
After that i would go to the south of chile, very cheap transportation you can take a bus for 25-30 dollars and you can go to termas de chillan and pucon. Very good spots with sweet terrain, very cool people a lil bit cheaper in terms of food and day passes. not the best snow cause its a lower so they sometimes get rain, but there is always info about the conditions.
It all depends on the time you want to stay here and the money you want to spend but i´m sure youll have a great time know a very different place and culture, it will be well worth it.