Cost of living in the road
I'm kind of wondering if there is a direct correlation between the value of a person's rig and the cost of living. I'm wondering if it could be something as simple as 35%. So those whose rig is wor...
Forum Discussion
DallasSteve wrote:
This thread doesn't give me a headache. It's a very interesting subject to me since I'm planning to (semi)retire and start full-timing in 6 months. I want to compare my budget to what people are actually experiencing. At $25K to $35K per year, I'm in good shape. If it's more than that I will need to generate some more income on the road which I may be able to do with some part-time remote programming jobs. As for putting 20% of my life savings into a rig, I might put 30% or 40% into a new motorhome or 15% to 25% in a used one. Depreciation is high, but it's not 100% in the first year. If you get out in a few years, you can recover a lot of the cost. If you stay in it (full time) you are offsetting the cost with housing costs that you don't pay.
There are always deals to find on slightly used RVs. Personally I would find it extremely hard to sell our house and use the proceeds to buy an RV or cover day to day living expenses..... I would need to know that when we are done with RVing we would have money available to buy a new house which could cost double what we sell the old one for 10 years earlier.
