Costs that go away, costs that stay
Below is my list of costs (yearly) that I think will be going away if/when I switch to fulltiming. This assumes that I sell my house and buy my FT RV with the proceeds. $19,200 Mortgage, tax,...
Forum Discussion
dahkota wrote:mayo30 wrote:
And the big one that most folks ignore or don't think affects the long term financial picture.Rv Depreciation.Stick homes vary up and down but long term appreciate in value,Rv's never appreciate.It starts as soon as you sign the bill of sale.
In all our figuring, we did not consider depreciation because we consider it spent money. The depreciation on our RV isn't costing us anything because the money doesn't exist. As far as we are concerned, the money spent on our RV is the same as the money we spent on gas, food, insurance, etc. It is the cost of every day living. It doesn't affect our long term picture because it is as meaningless as the money we spent on pizza yesterday.
Someday, if we sell our current rig, we will get money for it. That money will exist and will be useful - it will be found money. Real money, not 'on paper' money. Just like when we sold the contents of our S&B. When we bought our rig, we didn't buy it for profit, just like we don't buy our clothes for profit.
An RV isn't an appreciable asset such as a house (which is only appreciable because of the land it sits on, not the house itself). And all appreciation is on paper anyway, until you actually sell it. Never sell it, and appreciation and depreciation are meaningless.
Lol.Pretty innovative accounting.How do you know your net worth when you do any accounting or taxes and investing?That can be a pretty big write off.At any rate just a comment of mine that may be totally irrelevant to anyone else.
