IMHO, much of the information provided is good, some not so good... true, an RV is a depreciating asset, but it sounds like your home is also. Throwing good money after bad is never good advice. If you truly believe your home will never be worth what you owe and eventually you'll end up losing it anyway, then my advice would be to dump it asap. That said, a short sale will mess up your credit same as a bk... maybe not quite as bad but pretty close, so buy your rig now assuming your credit still is solid enough.
We broke even on our home in California but we paid cash for a mobile home in Arizona that we live in for the three winter months. It also provides us an exit strategy.
Your food bill won't change unless you eat out a lot..we don't...but the costs of living in the RV are much lower than the S&B. While doing your research, pick out some places of interest and check out the monthly costs for sites. Except for the cost of electric, everything else is included....We spend somewhere between $35-50/yr but rarely stay a week or so at any one park so fuel and site rent is more than monthly rates. Work Camping is an excellent idea as well..especially with a child...depending on age...
Good luck...do your homework and don't let your pride get in the way of making a good financial decision......Dennis
