Buyers market?

[robmharper]

Hello,

First post here so I hope I didn't already make a mistake by misplacing the category.

We have owned a double slide truck camper for about 7 years now. We are heading down the path of a 40' DP MH. Our price range is $90K. My question for the group is do you feel the timing is good or bad for buying a DP?

I live in California and we are probably days away from interstate travel shutdowns. Already in the Bay Area, people are getting cited with misdemeanors for traveling the highways. We are ordered to shelter-in-place. My thought is that this may just ruin the RV market. We don't know how long this Covid-19 situation will last.

Since a good majority of the current sellers of DP's are older retired folks, I hate to think that we may be soon taking advantage of some really good deals out there, while also taking advantage of unfortunate people.

On the other end, maybe this is the worst time ever to be buying a MH given the park closures and travel restrictions. But living through the 2008 crisis, I remember losing 50% of the value of my home. This isn't going to be easy either way.

Good or bad time to buy a DP MH? Should I wait for what may be better deals down the road or hold off anwait to see if we can even use the darned thing?

[KWinzer]

For what it’s worth, we are planning to sell our 40 foot diesel RV this year. However, we store it in an indoor facility, and with the restrictions on us, I don’t feel comfortable going there to empty it out and clean it to get it ready to sell. (We are also in California, in the Bay area.)

I don’t know if other people have the same issues.

[jdc1]

Anyone with a DP has to be smart enough to hold onto it until this virus blows by. I would think your options are throttled because those sellers aren't dumb enough to put their motorhome on the market right now. DP owners are not the same as 30 year old toyhauler owner with a tax check burning a hole in their pocket.

[Walaby]

I guess if you think you're taking advantage of a seller, you can always offer more than their asking price.

Have no idea if it's a buyers market now or not. Could be in the future, but Im guessing the majority haven't felt the pinch enough yet to sell their RV.

Mike

[Gundog]

I would not feel bad about buying an RV that is priced well due to a down market. The person selling the unit needs money and you are helping them out by buying it or they would not have it for sale.