PButler96 wrote:
I think you sold at the right time Mr Grit, perhaps even a little late to the dance. The bottom is going to fall out of the RV market in a huge way. How can it not with where inflation is going? Wait until folks look at the next 401K statement they get. This economic fiasco is just getting started. Folks have a chance in November to possibly change the course, I am not optimistic.
It took almost two years after 08 for the numbers to reflect the RV Industry crash then. The RV Industry is very good at burying the bad numbers as long as possible, and have propaganda arms in the form of the RVIA and RVDA that do just that.
Couldn't agree more...Given the direction of inflation, I simply can't see how depreciating assets (i.e. RV's) will continue the upward pricing trajectory. Been very wrong on predictions before (see the above mentioned point on 401(k)), but nevertheless, I believe we're on the crest of the pricing wave for RV's (..and houses, and, and, and...).
..of course, that being said I just received an offer for someone to buy the ol PA-12 for 150% of what it cost to rebuild it 12 years ago...
