Forum Discussion
sky_free
Jan 28, 2014Explorer
Don't know anything about maintaining a class A, but a TT is WAY less maintenance and monthly expense than a cottage/cabin/house. The tow vehicle is a daily driver so nothing extra there.
We have both and the vacation home is a huge burden both with $ and time spent. Property tax, sewer/water/trash/electricity/gas, mortgage -- it all adds up. When we go there for a weekend I usually spend 1/2 of one of the days working on maintenance. It's exhausting in the winter with snow removal. If you don't use it for 6-months of the year you will probably find some nice surprises when you go back in the spring.
We have 2 dogs and they love both, but being tied down to a single location has its limitations if you have been going there for 10 or more years.
Lastly, when you buy an RV you expect to take a bath when you sell it, but a house is a different matter because they are often leveraged 20/80%, so a 20% loss is essentially a 100% loss of whatever money you put into it. This is an issue for us because we bought near the top of the market with 20% down and the current market is still down 20% from that price. If we decided we wanted to sell in 2008 we would still be waiting 6-years later for the market to recover so we could sell it.
These considerations will have more or less weight depending on how much you pay for it, whether you mortgage, how you plan to maintain it and use it, etc., etc. Just make sure you find the right type of property for you with your typical usage and tolerance for doing maintenance yourself ind mind.
We have both and the vacation home is a huge burden both with $ and time spent. Property tax, sewer/water/trash/electricity/gas, mortgage -- it all adds up. When we go there for a weekend I usually spend 1/2 of one of the days working on maintenance. It's exhausting in the winter with snow removal. If you don't use it for 6-months of the year you will probably find some nice surprises when you go back in the spring.
We have 2 dogs and they love both, but being tied down to a single location has its limitations if you have been going there for 10 or more years.
Lastly, when you buy an RV you expect to take a bath when you sell it, but a house is a different matter because they are often leveraged 20/80%, so a 20% loss is essentially a 100% loss of whatever money you put into it. This is an issue for us because we bought near the top of the market with 20% down and the current market is still down 20% from that price. If we decided we wanted to sell in 2008 we would still be waiting 6-years later for the market to recover so we could sell it.
These considerations will have more or less weight depending on how much you pay for it, whether you mortgage, how you plan to maintain it and use it, etc., etc. Just make sure you find the right type of property for you with your typical usage and tolerance for doing maintenance yourself ind mind.
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