preparing to full time
just retired and ready to put plans in motion....buy rv first then sell property or sell property then buy rv? any suggestions? planning on a 2014 dp.....please help Ricky
Forum Discussion
4x4ord wrote:2gypsies wrote:
If you need the money from the house sale to buy the RV then you'll go the opposite way.
I must be missing something here? If a retired person sells his house to pay for his RV what does he do 15 years down the road when he can no longer travel, the RV is worthless and housing costs have doubled?
Your point is well taken even if housing prices haven't doubled.
We have friends that had to stop full timing last year due to health issues. After 12 years they still owed much more on their motor home than it was worth.
They ended up declaring bankruptcy and letting the motor home be repossessed. They moved into two rooms of an apartment they share with their daughter and her husband.
They did not have an exit strategy because they did not have the financial resources to create one. They had decided that their dream of full timing was more important to them than anything else and they enjoyed it as long as they could.
