Posted on 07/06/2017 12:18:39 PM PDT by yetidog
How do people afford RV's?
Please stop.
You’ve got me wanting to go see if I can find one......... ;-)
They are classics.....
Jim Bounds down near Orlando is the guy to talk to, he’s been renovating and restoring them for decades.
http://www.gmccoop.com/classifieds/my-classifieds/
Every time I pass by a neighbor's house, or the home of a relative, and see a big RV or fifth-wheel or even a big boat...I think Oh so much better thee than me.
I grew up around boats and RVs and such. Even beyond the purchase price, and the cooking and cleaning and packing and supplying...the maintenance costs are endless and high.
I drive my pickup to the mountains with my fly rod or my rifle and am good for all day.
No doubt there are a zillion such stories. One must remember, real estate was not the crazy long term appreciation story we may think of it as until, perhaps, the great inflation of the 70’s. Judiciously bought and properly tenanted, of course, it created great cashflow. Massive cashflow will make you feel rich as much or more than having a static pile of money, this I can tell you.
I had a cousin, a doctor, in Cincinnati who bought a house for his family in the ‘burbs, very nice area, 3500 sq ft home. I think he owned it for about a dozen years and had to put $20K when he sold it. Location, location, etc;
Illinois?
Good luck collecting that. That crooked state will soon be bankrupt. It can’t afford basic services, much less retiree pay.
There ya go! You are perfectly set :-)
You may find that Camping in a Walmart aparking lot isn’t much fun. All pavement, no services(water,electric,sewer). Generally you can’t stay at Walmart very long.
Yea, that comment was kind of tongue in cheek anyway.
I do a lot of tenting and hammocking. I wonder how that would fly at Walmart?
I know I’m late to this discussion but have to say that we totally agree with you. We love to travel, but hate staying in hotels and eating in restaurants all the time, and I will no longer fly. So an RV is the perfect choice for us. All the comforts of home, sleeping in your own bed that you know doesn’t have bedbugs and is the correct type for you, clean bathroom you can use anytime, eating food that is prepared by someone trustworthy and the changing scenery outside your windows are all high on our list.
You don’t have to spend a lot of money on a rig either. Our first one cost $5000 and we totally got our money’s worth from it. Traveled all over the central US, took the grandkids camping, made lots of great memories with them.
It is my favorite way to travel. If you are careful and do your homework before buying you can get a good quality rig that isn’t going to cost you a lot of money to use.
OH, one last thought. $100.00 hotel rooms are on the low end in quality in any area that is touristy, you would need to spend upwards of $250.00 to get anything that has anything close to a spa.
I ran into an old couple in the White-Inyo range a few years back with a small RV who’s retirement appeared to consist of just living from it and conquering peaks. They were in their late 60’s or early 70’s by my guess, and they destroyed us going up that mountain. That was probably an excellent investment on their part with the return consisting in part of peak health.
Invest $8,000 in an all stock market IRA in your early 20’s then wait ‘til you’re 66 to take the money out. Use the cash to buy an RV and plenty more... Money+Time=Easy RV Purchase.
A ONE TIME investment of $8,000 (less than buying a car) made before turning 24 years old - yields $202,715 RV fund for retiring at age 66.
Assuming 8% compounded interest... over 42 years.
Do the math:
http://www.buyupside.com/calculators/buyupsidecompundinterestdec07.htm
Invest $8,000 in an all stock market IRA in your early 20’s then wait ‘til you’re 66 to take the money out. Use the cash to buy an RV and plenty more... Money+Time=Easy RV Purchase.
A ONE TIME investment of $8,000 (less than buying a car) made before turning 24 years old - yields $202,715 RV fund for retiring at age 66.
Assuming 8% compounded interest... over 42 years.
Do the math:
http://www.buyupside.com/calculators/buyupsidecompundinterestdec07.htm
+1. The three expensive rigs in my hood are owned by retired “public servants”.
Sounds like we are on the same page.
I know that to many women a real vacation is sitting on a beach and being served tropical drinks. Not for me. That would be nice for about one day.
When my kids were young — 4 boys born in the space of less than 6 years — camping was perfect. They could run around and not disturb people in the next room, and we would eat outside at the picnic table, where spills mattered to nobody but the grateful ants.
At that point in my life, that was the kind of vacation I could afford, but it was great. And my children learned so much
Now, in my golden years, I could afford the hotel, and we have done hotels when camping is not an option, for example, a week in NYC last March. Big highlight of that trip was following the George Washington Trail through Manhattan. Learned so much about GW’s time in NY. And I was so surprised to learn of how much of the great man can still be glimpsed there. (I am currently obsessed with learning about him and visiting places he had been.)Wonderful!
But I digress... :)
Happy Trails to you.
The M-297 RET is worth $12350 as a trade, $17850 retail, and was $32989 new. These are “in excellent condition” prices and most units are devalued by 20-25% for wear and tear. Hope this helps you FRiend.
I see it affect my children. Take my son to walmart to get a present for a birthday party and all he does is beg me for something for himself. Told him to stop being so selfish. But this is an age where parents pay for their children's cell phone plan (I don't and won't)
Yes, I am not a sun worshipper either, my English/Irish skin goes directly to burn, so beaches are no fun. Give me the Smokies and I am in heaven.
Another thing I really like about RV travel is that you only pack and unpack one time. Your clothes aren’t all wrinkled from being in the suitcase and you don’t have the fun of carrying your bags in and out of the hotel.
I think it is the freedom that is so attractive to me.
We could hang out. :)
Have not been to the Smokies, but it’s on my list.
Usually, our trips involve exploring some historic area, usually associated with the Colonial era and/or the Revolutionary War. But we will explore the history of just about any place we find ourselves in.
Next trip is for exploring the historical sites of Boston and the surrounding area.
Nice. Sounds like their RV was paying off for them.
White-Inyo montains, beautiful country.
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