bobofthenorth wrote: I posted that. RVs are toys in the sense that they are not appreciating assets. I also include boats and some vacation property in that category. If it appreciates its an asset - everything else is an expense. The fact that we live fulltime in our toy doesn't magically turn it into an asset.
Using your analogy, and keeping in mind the current economy, most sticks & bricks homes are depreciating and are therefore an expense.
Rather, over the past couple of years, many people's sticks and bricks houses are TOYS.
My point exactly
The point which a lot of people in this thread are perhaps willfully blind to is that an RV will never be an appreciating asset. A house purchased at the wrong time can be a depreciating asset but for most people their home will be their single best investment BY FAR. That's why we were very careful to stay invested in real estate when we moved onto the road.
The point which a lot of people in this thread are perhaps willfully blind to is that an RV will never be an appreciating asset. A house purchased at the wrong time can be a depreciating asset but for most people their home will be their single best investment BY FAR. That's why we were very careful to stay invested in real estate when we moved onto the road.
Has ANYONE ever said that they were going to make money selling an RV?
If you love your house, good for you. We no longer wanted a house. We don't want the upkeep, we don't want the taxes, etc. that go with a house. We don't want to worry about a house while we are out enjoying our retirement. We are not crazy, we both have had life threatening illness and we just realize that there is more to life than just money and that you can't take it with you in the end.
BTW - we owned several houses over the years and none of them were the best single investment we ever made. Made money on 3, lost on 2. As in many things, timing is important.
Barb
Barb & Dave - full-timing Traveling catpanion Shadow (age 12) Figment II (2002 Alpine 36 MDDS) Mischief (2004 Subaru Forester Toad) FMCA - F337834, SKP #90761 Our Blog
Has ANYONE ever said that they were going to make money selling an RV?
Not any sane person. But people come here and get a bunch of pablum about how wonderful the lifestyle is and most people seem to ignore the financial facts of life. There's already been a couple of comments in this thread from people who hadn't thought about the difference between appreciating and depreciating assets.
BarbaraOK wrote:
If you love your house, good for you. We no longer wanted a house. We don't want the upkeep, we don't want the taxes, etc. that go with a house. We don't want to worry about a house while we are out enjoying our retirement.
Good for you. We were glad to be rid of our house too. Your point?
BarbaraOK wrote:
BTW - we owned several houses over the years and none of them were the best single investment we ever made.
Again, good for you but that is simply not true for most people.
I don't understand why some people are so vehemently defensive of this lifestyle. We love living on the road and we probably won't ever willingly move back into a fixed house but we're not evangelical about it. There are definite trade-offs to be made and one of the big ones is that you trade living in an asset for living in a toy.
Many of you have totally strayed from the OP, which is,Is your RV a toy?
In it's simplest form, my answer is yes! I'm also willing to bet that the RVs owned by the majority of posters in this forum are also toys, even if some of the owners can't bring themselves to admit it.
There isn't many tangible things in life that we purchase, own or use that it will actually go up in value. Like it or not, RVs fall in the category of being a very fast depreciating product (I purposely didn't use the word "asset').
The one thing we all have in common in this forum is the love of RVing. It doesn't matter if some of us are recreational users, part timers, or full timers, it's a life style.
Real cost of enjoying a life style in a depreciating RV: PRICELESS
Is my RV a Toy??? Hell yes, just like everything else I own. I do live in my RV full time, and I do know that it is not an asset. But then again, in this economy, nothing I own is an asset any more. But one thing for sure, it DOES save me money everyday that I live in it, I am happy for that and to me, that is all that matters...
Dan & Betty
2004 Prowler Regal 365 FLTS
2001 Ford F250 Super Duty
7.3 Power Stroke
fotodan wrote: Is my RV a Toy??? Hell yes, just like everything else I own. I do live in my RV full time, and I do know that it is not an asset. But then again, in this economy, nothing I own is an asset any more. But one thing for sure, it DOES save me money everyday that I live in it, I am happy for that and to me, that is all that matters...
Saving money in order to buy more toys, that's what I've done all my life. Perhaps that's why I don't worry too much about what you call what. I ALWAYS paid cash for my toys, and poof, the money was GONE.
Willie & Betty Sue
Miko & Sparky
2003 41 ft Dutch Star Diesel Pusher/Spartan
Floorplan 4010
Blazer toad & Ranger bassboat
Has ANYONE ever said that they were going to make money selling an RV?
Not any sane person. But people come here and get a bunch of pablum about how wonderful the lifestyle is and most people seem to ignore the financial facts of life. There's already been a couple of comments in this thread from people who hadn't thought about the difference between appreciating and depreciating assets.
.
If you don't think it is a wonderful lifestyle then why are you doing it? Pablum, hardly. If people ask questions, they will get honest answers about living fulltime in an RV, the good, bad, and ugly parts (I'm sure everyone has a black tank event). Ignore the financial facts of life - I don't think so. In fact I have been chastised for asking people to really think about what they are proposing because they probably don't have the finances to make it work. However, a lot of us do not consider our home a TOY, but rather a tool, as some one has mentioned, that allows us to explore areas of the continent, provide us shelter and a comfy place to lay our heads at night. We aren't running a business, we don't expect to have anything left when we die and our kids know we are spending their inheritance. We don't live our life on a ledger sheet. We've both been handed a second chance through the advances in medical science and know that living each day is what is important.
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