Forum Discussion
toedtoes
Feb 18, 2017Explorer III
So, rent in L.A. will run you about $1500 per month (for an apartment).
$40,000 for a truck & trailer OR motorhome fully financed for 5 years will run you about $700 per month*. Then add in the lot rent of say $400 (inbetween your examples). That's already $1100 per month.
So for $400 less, what do you gain?
You have to pay for all maintenance work yourself - no landlord responsible when something/anything goes wrong.
Your "home" will be less insulated so you will feel the cold/heat more.
You will be living in less than 190sq ft (which would be slightly bigger than the just bedroom in an apartment).
You'll be paying more in fuel costs to commute to and from work in the large truck you bought to move the trailer around (in a city notorious for its ridiculously slow commute).
If something goes wrong in the trailer and you have to take it in to a shop for repairs, you will not have a home for that time.
*That's assuming your loans will have an interest rate of 5 percent or less. And that you will be able to qualify for two loans fully financed at the same time.
$40,000 for a truck & trailer OR motorhome fully financed for 5 years will run you about $700 per month*. Then add in the lot rent of say $400 (inbetween your examples). That's already $1100 per month.
So for $400 less, what do you gain?
You have to pay for all maintenance work yourself - no landlord responsible when something/anything goes wrong.
Your "home" will be less insulated so you will feel the cold/heat more.
You will be living in less than 190sq ft (which would be slightly bigger than the just bedroom in an apartment).
You'll be paying more in fuel costs to commute to and from work in the large truck you bought to move the trailer around (in a city notorious for its ridiculously slow commute).
If something goes wrong in the trailer and you have to take it in to a shop for repairs, you will not have a home for that time.
*That's assuming your loans will have an interest rate of 5 percent or less. And that you will be able to qualify for two loans fully financed at the same time.
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