| |
Subject |
Author |
Date Posted |
Forum
|
 |
RE: $100,000 Host Campers
Well, consider that different folks are often at different stations in life - I prefer to see my house drop in value just to reduce future property tax increases - a rise in value goes me zero good whatsoever, but that’s just me :)
3 tons
Inflation, while a monetary phenomenon, is not possible without people like you who pay the inflated prices, then try to justify it on forums like this. You are just as responsible as anybody for the outrageous prices.
One is free to believe whatever they like, but you Sir are somewhat mistaken if you believe that inflation is some sort of ‘monetary phenomenon’… What confounds me (but sadly, to our country’s collective detriment…) is how least understood the fundamentals are which make up today’s financial and economic system - mostly because these fundamentals have not been taught!!… Truth is that (like it or not…), ‘phenomenon’ in this context confuses mere happenstance with a well planned methodology…
However, trust that I do share in your deserved frustrations…
3 tons
You might have been a little more convincing had you not failed to realize that the "monetary phenomenon" was a quote from Milton Friedman, a Nobel Prize winning economist. I suspect you're a little outside of your area of expertise.
|
restlessways
|
05/06/23 09:06am |
Truck Campers
|
|
RE: $100,000 Host Campers
You are just as responsible as anybody for the outrageous prices.
He’s as responsible as anybody … as responsible as you. :D
Seriously though, people are buying a lot of different 100K vehicles now and get paid a lot more than they used to. I think paying people more has more to do with inflation than the people who are buying new things. But hey, that’s just me. ;)
You would be wrong. I haven't overpaid for any cars, RVs, houses boats or otherwise. The people who are running up the prices of those are the ones responsible. Wake up.
|
restlessways
|
05/05/23 05:30pm |
Truck Campers
|
|
RE: $100,000 Host Campers
Well, consider that different folks are often at different stations in life - I prefer to see my house drop in value just to reduce future property tax increases - a rise in value goes me zero good whatsoever, but that’s just me :)
3 tons
Inflation, while a monetary phenomenon, is not possible without people like you who pay the inflated prices, then try to justify it on forums like this. You are just as responsible as anybody for the outrageous prices.
|
restlessways
|
05/05/23 01:01pm |
Truck Campers
|
|
RE: $100,000 Host Campers
Seeing that price makes me feel like I stole my 42 foot Montana!!
Well, consider that a million bucks $$ ain’t what it use to be, then consider the actual cause of the ongoing value dilution of the dollar :h, and (nowadays…) the very high unlikelihood that it’s depreciation can long term be slowed down…
I accept that this is uber counter intuitive, but at some point it may occur to some folks to spend whatever is their ‘discretionary moola’ while it still holds substantial value - especially for those fixed income folks who don’t get COLA or pay raises!!…This points to a kinda inflection point the considers the continued depreciation of money, meaning, it’s NOT that commodity cost are going up, rather it’s that the ‘true value’ of the currency keeps going down…With this in mind, sometimes deferring known future purchases may be seen as something worth avoiding…
3 tons
I am calling the bluff of people like you. The idea that blowing cash today on a depreciating asset like an RV is financially prudent and somehow protects one from inflation's wrath is laughable, especially considering how house prices are now crashing. If hard assets like real estate are crashing, just imagine what's going on with paper mache boxes like RVs.
A friend decided to sell their gently used, less than 2 year old RV recently. The market is NOT what they had envisioned. The dealer they bought it from gave them a sobering quote of more than $20k less than they paid. Private party will likely be a better route - assuming there is a cash buyer or somebody qualified for a loan at the new, skyrocketing rates.
No sale yet. Not even close.
|
restlessways
|
05/05/23 10:40am |
Truck Campers
|
|
RE: $100,000 Host Campers
What's shocking to me is that people are paying (borrowing) for that. There is no way in sam hell that thing is worth it. My first house was barely over half that.
That being said, they have been actively - intentionally - destroying the value of the dollar. This is a sick, sick country.
|
restlessways
|
04/25/23 11:39am |
Truck Campers
|
|
RE: Rv loan rates!
..."But those days are gone. Your plan won't work for anybody moving forward...
What you are saying is companies will not make a profit in the future and stock prices will cease to go up (for now and in the future). (My money is invested in the market also) When that happens, RV Loans will be the least of the problems; for you, me, Nick, and everyone else.
Exactly. Prepare for what's coming.
|
restlessways
|
03/27/23 11:35am |
Truck Campers
|
|
RE: right front tire wear
All 3 of my Ram 3500 duallies have scrubbed the right front tire.
This is my 6th Ram/Cummins, but my first dually. My camper is about 4800# loaded for camping. At 24,000 miles here's the passenger and driver front tires. Both are scrubbing on the outside, but the passenger side is much worse. I took it in for alignment, the passenger side toe was .22deg, the driver was .08deg.
Oh, and when I weighed the truck and then the truck and camper at the CAT scale, the front end of the truck is 40# lighter with the camper on.
I should post a pic of my right front tire. It looks almost identical to your right front.
|
restlessways
|
03/26/23 11:32pm |
Truck Campers
|
|
RE: Rv loan rates!
To answer the question, I can write off 100% of the interest on a second home. However, that doesn't put me over the top for exceeding the standard deduction. So financing to write off the interest gains does absolutely nothing for me. That overall is probably a bad strategy. At most, if you paid $1,000 in interest in a year, it would net save you $370 in taxes (37% or less depending on Taxable Income).
But keeping my money invested and using other peoples money while only paying them 4.49% in interest is a winner. The money I kept invested is right now worth almost 70% more over the last 8 years, and that is even after it went down over 36% last year.
Now to head off the naysayers, the money is invested in a Roth IRA, total market index fund (VTSMX). I've had the fund for about 20 years, nothing fancy, moderate to above average risk. If I was going to pay cash for the RV, this is the fund the money would have come out of.
Sure, during the biggest everything bubble in the history of mankind. Even a monkey couldn't go wrong with what the FED was doing by artificially repressing interest rates and juicing asset prices. But those days are gone. Your plan won't work for anybody moving forward. In fact it will financially destroy them. Eveybody's a financial genius when the FED is printing.
|
restlessways
|
03/25/23 03:00pm |
Truck Campers
|
|
RE: Rv loan rates!
I have never financed discretionary purchases. It takes me a while to save up, but I do not have the overhead of loans slowing my saving. Paying off our home was the real factor in being able to pre save for purchases rather than financing them into the future at a higher cost.
There are those who pay interest, and those who collect it. I like to be the latter. I haven't paid any interest for over 15 years, and don't anticipate doing it again.
|
restlessways
|
03/25/23 02:53pm |
Truck Campers
|
|
RE: Rv loan rates!
^Which hopefully starts narrowing the competition and lowering the prices here real soon!
Hopefully in time to score a good deal on another camper for this summer…
Gonna be tough going on prices though until the unemployment rate rises.
You're not going to see any good deals on campers this year. There is still way too much money out there. $10 trillion in monetary and fiscal stimulus doesn't disappear overnight. Probably be another 18 months before we even start seeing widespread distressed sales of toys. There isn't even a sign of a recession yet. The people who are losing jobs right now can find another one immediately.
|
restlessways
|
03/25/23 02:49pm |
Truck Campers
|
|
RE: right front tire wear
All 3 of my Ram 3500 duallies have scrubbed the right front tire.
|
restlessways
|
03/25/23 02:29pm |
Truck Campers
|
|
RE: Pet Peeves in RV Parks
My biggest pet peeve at RV parks has been horrendously loud diesel pushers pulling in right next to me late at night, waking me up then continuing to run at high idle for like 30 to 40 minutes. I don't have anything nice to say about those people or to them. Most end up leaving the next day because they were just passing through, but it has happened to me a handful of times and is ridiculous.
I really enjoyed traveling around and seeing different places and RV parks when I had purchased my 5th wheel 10 years ago. Most places weren't even 50% full, many less than 25%. You'd have empty spaces all around you. Now they're stacked up like cordwood. I don't enjoy it anymore so I quit. I only use my private campsite when I want to go RVing. There's plenty of space and none of the annoyances.
|
restlessways
|
01/11/23 01:32am |
General RVing Issues
|
|
RE: A new adventure for me.
Hopefully this job pays mega bank, because I can't imagine having to live in a truck camper on the job site.
|
restlessways
|
12/05/22 06:09pm |
Truck Campers
|
 |
RE: Goodnight Irene, the party's over.
A little more anecdotal evidence: I know somebody who sold their house with pie in the sky dreams of living in an (expensive) brand new RV and traveling around through their retirement years. They didn't even last 2 years. They sold the rig and bought another house. Why? They grossly underestimated the cost and hassle of such a life.
I started traveling around a lot during the last recession, 2008-2009 era, continuing on until 2013. I could stop anywhere without reservations and they'd roll out the red carpet. All offered not only weekly discounts, but very affordable monthly rates. I could stay in gorgeous places for $350-$600 per month. These days, those places are anywhere from $1,100 to $2,000 per month. To me, it makes zero sense.
One of the things I loved most about RVing was it was much cheaper than renting a house, and I could move around and see all sorts of new areas. That ship sailed. For me, I have lost interest in the traveling part, which is why I only use my private camp site during the summer.
One last thing - I remember during the depths of the last housing bust talking to a guy who owned an RV Resort in California. He was desperately trying to sell it but had no interest at all. His revenue had gone to almost zero. He told me he wished he had never bought it, that it was like a white elephant. My, how things change.
|
restlessways
|
11/28/22 11:34am |
General RVing Issues
|
|
RE: Goodnight Irene, the party's over.
No news here. (or rocket science) In my entire lifetime, (now approaching 70 years) every time the price of fuel spikes or the availability becomes questionable, the sale and value of fuel guzzlers plummets. I don't need industry experts to tell me that. Eventually the market always adjusts. The question is . . . when, . . . , and, . . . can you wait it out?
Chum lee
I think the used, older big Class A motorhome sales are really getting hammered. Same with older fuel guzzling boats like early model trawlers with twin diesels.
|
restlessways
|
11/27/22 11:22pm |
General RVing Issues
|
|
RE: Goodnight Irene, the party's over.
For the last ~12 years, interest rates have been at/near historic lows. Interest rates are high now relative to the last 12 years. But interest rates are nowhere near historic highs. Let's hope they don't go up too much further.
-Chris
Why would we hope that? Inflation is tearing the entire economy a new rectum. To stop raising rates would be to say "gee, let's just destroy the currency and the country by way of hyperinflation." Not a good thing to hope for.
|
restlessways
|
11/27/22 11:18pm |
General RVing Issues
|
|
RE: Goodnight Irene, the party's over.
I own a private campsite where I use my 5th wheel in the summer. I don't leave it there, but rather haul it to a storage unit before heading back to my winter house. I usually stay at an RV Resort for a week or two while I winterize it, empty it out, etc. The last couple years the RV Resort was packed to the gills. This year, it was like a ghost town. It was emptier than I've ever seen it in the last 10 years.
|
restlessways
|
11/27/22 11:16pm |
General RVing Issues
|
|
RE: Western WA storage?
Wouldn't recommend Sequim. Had my almost new 5th wheel broken into and damaged years ago, with items stolen. The sheriff told me the thieves were everywhere due to heroin and meth. Uggh.
|
restlessways
|
07/18/22 12:20am |
General RVing Issues
|
|
