Super_Dave wrote:
DallasSteve wrote:
It's very cheap, if you're just staying in one place and if you can tolerate the smaller living space.
All the places that I would like to stay for extended periods of time don't have real cheap monthly rates. I guess it is all relative. Not to mention if one is also making a monthly payment on the RV itself. In my case, it seems like it matches my mortgage payment on my stick and brick house.
If I was living in one area and not traveling around I could get a nice 5th wheel and pay someone to tow it to an RV park. It wouldn't need to be new, because I wouldn't be worried about dragging it up and down highways. So even with a modest down payment the monthly payment would be around $300. There are lots of nice RV parks for around $400 to $500. Bargain ones run closer to $300. That means your total housing and electric are around $800 per month. Most houses I've seen are around $200K and up. With interest, taxes, insurance, maintenance, utilities, you're probably looking at around $2,000 per month. And that's in a very middle class neighborhood. And if you pay cash for that house you're still taking a hit that accountants call "opportunity cost"; that is, what you could have made if you invested that money somewhere else.
So in summary, I'd say living in a trailer is about half as expensive as living in a traditional house, if you aren't traveling, and comparing apples to apples. Right or wrong?