New Guy, Basic Questions on Full Time Cost
Just wanted to see if anybody has any advice for living full time in a Fifth Wheel or TT? I am seriously considering it, but not sure about the repairs involved, electricity, costs, etc. I am willing ...
Forum Discussion
Dog Folks wrote:
Simply put without fancy spread sheets or accountants: When we had a 1600 square foot house it cost $4,000.00 a month for everything.
Full time in our travel trailer, and traveling: $2,000.00 a month.
Deprecation does not enter the equation as we will not be selling or trading our unit. We will be in it until we die.
Houses do not ALWAYS appreciate.
30 days after we sold ours, and the real estate bubble burst, the house DEPRECIATED $163,000. !!!!!
Very good point on the real estate market. We were in our last house for 10 years. We only made $60,000 appreciation when we sold, but did we after paying almost 100,000 in interest over a 10 year period?
I am not an accountant, but couldn't you be better off if you could save $25,000 a year for 10 years and then just go pay cash for a $250,000 house?
We are on pace right now to add an average of $30,000 to $35,000 a year to our savings account. We sure couldn't do that when we were Homeowners and living the American Dream!
