Ralph Cramden wrote:
Since 1981 the RV Industry has never went more than 5 years without a downturn. Its been 8 years since the last and not one month since 2010 showed a negative number until May 2018. The July numbers should be out any day. Have they hit the top of the curve? Maybe?
HISTORICAL DATA
Far as I'm concerned that all (builders, dealers and third party sellers of equipment need a good financial spanking to make them realize that turning out **** only impacts their bottom line eventually.
When you can finance a MH for 30 years and in 5 it's junk, makes no sense to me. Not only is it a poor investment it's something (debt) you are shackled with long after the new has worn off, replaced by a probably rotten junker.
Of course in today's climate, not many owners are pro active on even basic maintenance (as evidenced on this forum every day).
I'd say at least half the posted threads on here, if the owners used their noodles for something other than to space their ears apart, the issue could be solved with some common sense.
I'd never finance any RV. I paid cash for my last one and if I buy another, that will be cash as well because financing anything except your real estate is a loosing proposition.
I remember the last big bust when builders were declaring bankruptcy at an alarming clip.
Because the industry is cyclical, I'd say it's coming again and soon.
No problem with me. I may buy a new unit at the height of the bust. Bet I can get a nice unit at a good price with very few defects because the factories will be building quality, not quantity.
Today, it's quantity over quality and it shows in every brand.
