dons2346 wrote:
If you have a paid for home, you would be stupid to sell it. You could either rent it out but you have to get rid of your stuff or store it. You could do like we do. We are on the road about 9 months and then are home for the rest
There are 3 problems with this plan.
1. If you keep the home you have the expense of the empty home.
2. Most insurance companies will not insure an empty for more than 30 days home.
3. When you sell the home you may not be able to deduct the capital gains on the home unless you have lived in the home for 2 of the last 5 years.
Do as I did, pretend you have died and get rid of the stuff your kids will need to get rid of when you really die -- they will thank you when you do die. As a fulltimeer for 10 years, my budget is $10 to $12 per night for camping since I camp at government land at half price and dry camp or boondock free often. My biggest expense is for fuel but I stay 7 to 14 days at a campsite. Thus I live on $10,000 to $15,000 a year.
