In 2 years time I can no longer afford to buy a camper

time2roll wrote:

udidwht wrote:
No need to worry when the BIG drop comes. Not a question of if only when. We're closer than ever now.

In two years time (as the OP inquired about) the SP500 has risen about 57%

That would have taken the OP or anyone else from $50,000 to have $78,500 today.

Still not much to retire on.

udidwht wrote:
No need to worry when the BIG drop comes. Not a question of if only when. We're closer than ever now.

In two years time (as the OP inquired about) the SP500 has risen about 57%

That would have taken the OP or anyone else from $50,000 to have $78,500 today.

time2roll wrote:

restlessways wrote:
I certainly don't see a recession happening this year, either. That being said, I'm not getting a 2nd job so I'm not sure if you're talking to me or who that advice is for. I work enough as it is.

Not singling anyone out. Same with this: If all the savings is in a bank savings or CD there is tremendous risk of loss due to inflation continuing. Some should be in the equity market.

No need to worry when the BIG drop comes. Not a question of if only when. We're closer than ever now.

restlessways wrote:
I certainly don't see a recession happening this year, either. That being said, I'm not getting a 2nd job so I'm not sure if you're talking to me or who that advice is for. I work enough as it is.

Not singling anyone out. Same with this: If all the savings is in a bank savings or CD there is tremendous risk of loss due to inflation continuing. Some should be in the equity market.

time2roll wrote:
I don't see a recession coming until jobs are hard to get. If anything there is currently a labor shortage not a shortage of jobs. Good time to switch jobs for more pay or start a side gig to put some extra money away for that new truck camper. Don't wait for the recession, act now.

I certainly don't see a recession happening this year, either. That being said, I'm not getting a 2nd job so I'm not sure if you're talking to me or who that advice is for. I work enough as it is.

jaycocreek wrote:
There are some great deals out there on used truck campers if you take your time..I found a lance 10/1130(can't remember) that was like in a barn for most of it's life for under 8K with all the bells and whistles and not a scuff anywhere..I would have went down to buy this one but I do not want the extra hangover the bigger ones provide..

Seeing a lot now but when I was looking a couple years ago,not so much..DEepends on where you look and what you want,they are there..

I hear this sort of thing all the time but I never see them. All I see is people trying to gouge as much as possible. I sure wish I never would have sold my Lance 1030. The thing was mint but I wasn't using it as much as the 5th wheel at the time.

There are some great deals out there on used truck campers if you take your time..I found a lance 10/1130(can't remember) that was like in a barn for most of it's life for under 8K with all the bells and whistles and not a scuff anywhere..I would have went down to buy this one but I do not want the extra hangover the bigger ones provide..

Seeing a lot now but when I was looking a couple years ago,not so much..DEepends on where you look and what you want,they are there..

I don't see a recession coming until jobs are hard to get. If anything there is currently a labor shortage not a shortage of jobs. Good time to switch jobs for more pay or start a side gig to put some extra money away for that new truck camper. Don't wait for the recession, act now.

When RV sales and prices ramped in early 2020, many assumed prices would drop when all the drama settled down. Didn't happen. With inflation now driving up the cost of everything, to include most every item it takes to build an RV, prices on RV's have no where to go but up. If the 15-20% inflation of the late 70's is any indicator, we're in for a wild ride for the next few years.

Case in point. We paid ~$40k for our 2019 TC new in early 2019. Today, saw the same exact year, make and model TC for sale used on rvtrader for $50k (dealer ad). New 2022's are almost $60k. Insane. Called to make sure we still have proper coverage in the event of a total-loss. Glad we did. Cost us a few more $$ to get things right. And the downward trickle of inflation continues . . .

I read somewhere yesterday where sadly about 60% of folks are living just payday to payday…I’ve been around for a long time, so I can tell ya first hand that it wasn’t always this way - JMHO

3 tons