our current FINANCIAL situation

free radical wrote:

trx680 wrote:
So I read the post here where it's claimed that RV sales are up.
I heard that Class B van types campers are up slightly and everything else is down.
My thinking is... I'm not going in debt right now until things calm down and get more back to normal. And I have been out of work for 7 weeks.
Unemployment is through the roof right now. I really don't see how RV sales could be up since this crisis. Unless theres something I'm missing.
When you are out of work or on a reduced schedule why go into debt for something like an RV. Even if you are still working isnt it in the back of your mind "what does the future hold"??

I would expect to see alot of RVs, boats, motorcycles, etc up FOR SALE and an increase of repossessions.

Me personally, well, I was at the RV show earlier this year...just looking. Glad I didnt buy anything.

Ive only been in debt once when I bought my first house,,
fliped it 6 month later and bought another for cash.

Never been in debt since and never plan to,especialy for such depreciating aset like RV.

Paid cash for my new truck too.

If everyone thought like me,you wouldnt ever need to worry about future or economy.

Hmmm ... why pay cash for a new truck during certain times - such as now ... when instead you can finance that truck at zero/near zero interest and instead wisely buy certain securities that are going to go through the roof when this temporary situation is over??