valhalla360 wrote:
BB_TX wrote:
At least in this area, I think RV sales will be bolstered by those priced out of the housing market and are buying, or considering buying, RVs to live in.
While there are certainly some, people buying an RV to live in are not a significant part of the new RV sales market. That's media hype where they over represent them as a scare story.
Realistically, the people you are talking about are moving into apartments or mobilehome parks.
Of course, I'm betting the realestate market takes a dump in the next 6-12 months (maybe sooner)
Why would real estate take a dump? Very few people actually need to sell. Unless unemployment suddenly surges people can make their current mortgage payments since almost all of those mortgages are fixed rate and not effected by interest rate increases. Rental rates are also rising, so selling a home to move to a rental isn’t attractive. Plus there is a multi million unit shortfall of single family homes. Sales may very well slow significantly and the days of each consecutive sale being 20% higher than the last may have ended but expecting a huge price drops is an expectation likely to be left unfulfilled.
