Vacation Home Buying Fizzling. RV's too?
How many think this article from the Washington Post could be reprinted substituting "RV's and Boats" for "Vacation Homes"? Those monthly payments are going to start looking ugly when you're finding ...
Forum Discussion
In my locale, nice homes and nice RV's don't last too long.
Newer construction with elevation or lakefront...cash sale, often at a 2-digit premium over list price (i.e. 10% +).
Nice RV's (although always a debate as to what's nice) don't stay around long at all.
...but I believe the rising interest is going to cool the market, albeit in fits and starts. Folks with two comma money (X,XXX,XXX) will keep demand high for the upper end homes and, presumably, RV's even as the funding gets more expensive for otherwise valuable properties that must be financed.
Newer construction with elevation or lakefront...cash sale, often at a 2-digit premium over list price (i.e. 10% +).
Nice RV's (although always a debate as to what's nice) don't stay around long at all.
...but I believe the rising interest is going to cool the market, albeit in fits and starts. Folks with two comma money (X,XXX,XXX) will keep demand high for the upper end homes and, presumably, RV's even as the funding gets more expensive for otherwise valuable properties that must be financed.
