westernrvparkowner wrote:
Bill.Satellite wrote:
Ah, but is it $150,000 down PLUS 1800/month? I know, there's a chance you will get some, all or more than your $150,000 back at some point in the future but that's always a chance taken.
No you don't have to rent your site if you own it. My only fees were the HOA dues ($285.00/month) property taxes, electricity and a gardener in the winter(5 months at $45/month). The HOA included cable TV, water, maintenance of the common areas, security and all the amenities of the park including the golf greens fees. And yes, there is always a chance to lose money on any purchase or investment. But like I said, it was money for recreation, which should always be considered money flushed away. The RV is going to depreciate, rent is spent and gone, I'm going to lose golf balls in the water hazards and a cruise doesn't give you any money back at the end. My point wasn't anything about the finances, it was about the lifestyle and owning a site in a great resort is attractive and satisfying to many people, me included.
Well, you sort of are renting the spot you just bought. Call it ongoing fees if you like but it's more than the purchase price but less than what a regular renter would pay. The poster paid $150,000 for his lot plus $300/month in fees (rent) plus property taxes, utilities and any assessments the board of directors chooses to add.
Until I plan to live there year round, I will stick with the known rent numbers! Heck, if you just want a good location and the guarantee that you can come back to the same lot over and over again, many locations will allow you to pay a years rent at a time (as a huge discount compared to 12 individual monthly payments) and you can come and go as you please.
