Brandon the Traveler wrote:
What I am seeing with RVs is price gouging and it's not so much the dealers as it's starting at the manufacturer level. Those guys are not your friend nor will they ever be. It's a one of a kind special industry and always has been Now its on steroids. Hopefully energy costs, runaway inflation, etc soon slams the brakes on the party. It can't happen to a nicer load of crooks. When that happens the values are going to drop 3 times as fast as they increased, and all these folks buying them like hotcakes while financing them for 120, 180, 240 months are going to be left holding the bag.
When interest rates go up the party will be over. Many borrow to acquire their RV's and money has never been cheaper. The industry is going to crater. When it does I'd like to swoop in on a deal. Problem is, covid campers are always going to be junk. Many who find themselves deep underwater won't be able to get enough on the resale to cover the note. We'll start seeing lightly used units more and more this winter but I think the gates will open in late 2022. By then those that bought on impulse in 2020 (and learned it isn't for them) will finally give in and sell, eating the difference owed if necessary. At least water damage will be easier to detect by then.
