Tell Me I am Crazy... Or Not...
OK so my name is Steve. I just joined up here. My wife has an idea. She told me about it a couple of weeks ago. Now I cant stop thinking about it. I have 10 years until retirement. I have a full time...
Forum Discussion
NoVa RT wrote:
Sounds doable, although camping/living in the same spot for 10 years wouldn't appeal to everyone. The other thing to keep in mind is that unlike your current home, a RV is a depreciating asset, even if well-maintained. About the time you retire, you may need to replace the RV and/or purchase another "sticks & bricks" house, depending on your post-retirement plans.
I started to say the same about depreciating assets until I remembered how much money we lost on the house we bought in 2008 and sold last year. I try not to think about that loss to our net worth. Nothing is certain when it comes to real estate.
However I certainly agree that the RV will depreciate, some more than others. (Our 2006 Class B LTV diesel Sprinter held its value incredibly well - we used it for five years and were down only $9,000 from the buying price to the selling price.)
None of us has a crystal ball.
