Full-time and don't/didn't like it?

PawPaw_n_Gram wrote:

Lantley wrote:

DallasSteve wrote:

Walaby wrote:
Maybe half as expensive, but while you're paying a mortgage, the house generally appreciates. You're paying half but you never recoup any of that... it's all lost to depreciation or rent.

Usually long term parks don't include electric.. they'll put you on metered. But then again, owning a house you pay electric as well.

There's too much other stuff I'd miss, at least right now. I like having my yard. Like my shop out back to work on old cars. Like the pool on a hot summer day after yard work etc... I see myself on the road 3-4 months, and then returning for 3-4 and then back out again, until I can't do it anymore. Then I'll just be here.

Mike

True, if the market is going up, as it usually does. The house needs to appreciate by more than $1,000 per month to win that race. Most don't. But, obviously, the biggest trade off is that you have much less space living in an RV.

How about property taxes. They are going up as well. There are no
property taxes with RV living. Lot of property tax with home ownership

Property tax on the last home I owned near Dallas was about $8,600 per year for a $200K value home. But DW was over 65 when we bought it - so our taxes were frozen, and with homestead exemption, our taxes were fixed at $2,800 per year.

A commercial RV park in Texas pays about three times per square foot more than a residential property. With no homestead exemption or freezing rates for residents over age 65.

Multi-family residences pay at least 2.5 times what a home owner pays.

In Texas, 70 to 80 % of property taxes goes to the school district. Most school district tax reports show the single family home owners pay 30 - 35 % of the costs of the school total tax collection.

Living in an RV park, there are still property taxes paid by each tenant. True the individual tax total for a 60x20 ft, 1,200 sqft RV spot is less than the average new development 65 x 85 ft, 5,525 sqft single family home lot with a $225K home sitting on it.

But the aggregate total works out to not a huge difference.

Heck, the Walmart pays more property tax than many 100 home subdivisions, unless the city, county and school district have waived taxes for several years to get Walmart to build a store within their limits.