Shearing the sheep
I really feel sorry for those new RVers who have recently purchased or who plan to purchase an RV. The prices are far in excess of value. We are not in the market for ourselves but was thinking of ...
Forum Discussion
dedmiston wrote:It's not a lender's job to determine fair market values. Unless the Dealers are putting guns to the heads of the customers they are responsible for their decisions. How would you feel if you went to Ruth's Chris, had a nice steak dinner and your credit card denied the transaction because they felt you should have went to Sizzler.
It's reminiscent of the housing bubble. Shame on the lenders for lending at those prices. Especially now with interest so low, it seems like the lenders are just asking for trouble but with little upside. On the one hand, they'll get low interest payments from the borrowers, and on the other hand they'll be facing tons of repos that will just end up going to auction.
Is there actually any evidence prices have risen or is it just speculation. Have the MSRP of rigs actually risen dramatically or are dealers just not discounting as deeply as they have done in the past? Just because an RV listed for a price 5 years ago doesn't mean a similar RV today will be the same price. Prices do rise over time.
