Thinking of "Full Time" with your help
Hello folks. This is my first post so be gentle... I’ve read many posts on different forums on a great deal of issues and hope I’ve learned enough to not ask too many dumb questions. Now there ...
Forum Discussion
Foodsman, although I've been RVing a long time I'm also considering going to the full time route in the next few years. RV depreciation is one of those things you have to think about. That $400k rv you buy today is going to be a $100k rv in 10 years when you may want to trade it in. But you already know that. Here's my biggest concern, is at some point you may not have a choice but to move back into a house or an apartment or a condo. Health reasons would be the biggest potential reasons. There may be a time where you just can't get around the RV anymore and do the things you used to, like drive it or back it up, or set it up.
Anyway, if there comes a time when you decide the RV lifestyle isn't the right lifestyle anymore, now you have this RV that is worth maybe 25% of what you paid for it and you have to buy a house again at whatever the market prices are at the time. If you've got piles of money stashed away this isn't much of a concern, but I don't have those huge piles.
What I'll likely do if I go full time is sell my current house. It's 2500 SF and way too big for what I need anyway. Then I'd probably buy a nice townhouse or maybe even a smaller single story home and turn it into a rental. Then I'd head off in the motorhome and whenever I get tired of that lifestyle I know I at least have a regular home to move back into that I paid today's prices for versus the prices in 10 or 15 years from now. What happens if the $200k house today is a million dollar house in 10 years? Then again there's always the chance the $200k house today is a $100k house in 10 years too.
Anyway, if there comes a time when you decide the RV lifestyle isn't the right lifestyle anymore, now you have this RV that is worth maybe 25% of what you paid for it and you have to buy a house again at whatever the market prices are at the time. If you've got piles of money stashed away this isn't much of a concern, but I don't have those huge piles.
What I'll likely do if I go full time is sell my current house. It's 2500 SF and way too big for what I need anyway. Then I'd probably buy a nice townhouse or maybe even a smaller single story home and turn it into a rental. Then I'd head off in the motorhome and whenever I get tired of that lifestyle I know I at least have a regular home to move back into that I paid today's prices for versus the prices in 10 or 15 years from now. What happens if the $200k house today is a million dollar house in 10 years? Then again there's always the chance the $200k house today is a $100k house in 10 years too.
