propchef wrote:
MattFromPA wrote:
When interest rates go up the party will be over. Many borrow to acquire their RV's and money has never been cheaper. The industry is going to crater. When it does I'd like to swoop in on a deal. Problem is, covid campers are always going to be junk. Many who find themselves deep underwater won't be able to get enough on the resale to cover the note. We'll start seeing lightly used units more and more this winter but I think the gates will open in late 2022. By then those that bought on impulse in 2020 (and learned it isn't for them) will finally give in and sell, eating the difference owed if necessary. At least water damage will be easier to detect by then.
^^^yup.
However, little things like thousands of canceled flights (and fights on planes!) will continue to fuel RV sales. When the airlines and cruise industry come back to full strength I think then you'll see a turn-around in the RV industry.
I think most RV'ers are weekend warriors. At least that's my observation. I fly for long vacations and use the TT for weekends and the two do not mix for me. I don't have time to drive cross-country for one thing. Anyway, when the debt bubble bursts its going to create bargain shopping for some and extreme pain for those that bought RVs and trucks at the peak.
