Hakuba White Mountain is off the beaten path and roughly a mile to the train/bus station. It is cheap, but transportation to do anything is expensive which offsets the savings.
Pros: relatively cheap, quiet, and safe area. Walking distance to two restaurants, Lawson, and 7-11. Free shuttle to Hakuba 47.
Cons: difficult to get to, expensive to go anywhere ($20 cab to Happo-One). Very difficult to get a cab to come pick you up (no one knows where the hotel is, and many cabbies don't speak English). Limited restaurants and nightlife nearby. No staff at the front desk so you are on your own. Getting the shuttle to take you to the train/bus station requires a local cell phone (no landline available), and they have limited availability for the hotel bus. We had to walk a mile each way to the train/bus stop on Sunday in order to go do sight seeing because the hotel bus was not available.
Overall this hotel is good if you plan to cook in your room (stovetop provided), don't want nightlife and only plan to ski at Hakuba 47. If you want to ski at Happo-One (much bigger, and has nightlife and restaurants), then spend the extra money and stay on the slopes or walking distance to Happo-one. It will end up being the same price or cheaper because you won't have to pay $20 each way to get to Happo-One and you can walk to restaurants or shops. We enjoyed our stay here, but would choose to stay at Happo-One if we did it again.