Veebyes wrote:
Then there are those who try to jump right into FT living. BIG mistake.
Back in 2006 we met a couple, just retired, sold their house, bought a 3500 dually & a 5er that had a $110,000 MSRP sticker on it. They were going to FT. They had never so much as had a popup before or a rental & they were going to jump right into a very nice 34' 5er.
They took delivery of the truck & trailer in March 2006. September 2006, they wanted OUT. This was not the lifestyle for them.
After 3 months, & price drops, they finally sold truck (16,000 miles) & trailer combined for $85,000.
Very expensive lesson learned.
People told me to rent first. Have you looked at the price of RV rentals?
So he spent $35,000 for 6 months of camping/traveling. Do you know what it would cost to rent that truck + 5er for 6 months? A lot more than $35,000 I'm pretty sure. If he could afford to do that he probably could afford to take the $35,000 hit. That's my situation. If it doesn't work out it won't ruin my retirement finances. Anyway, I'm saving some money every day by not renting an apartment or paying home ownership costs, which I've also done.