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 > I thought the RV market might be getting soft. I was wrong.

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Grit dog

Black Diamond, WA

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Posted: 09/15/22 08:32am Link  |  Quote  |  Print  |  Notify Moderator

shelbyfv wrote:

Well heck,it was fun having you here. Hope you get a replacement and come back soon.[emoticon]


Can’t run me off that easy!
I still have an enclosed trailer and a tent. Lol


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Grit dog

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Posted: 09/15/22 08:36am Link  |  Quote  |  Print  |  Notify Moderator

PButler96 wrote:

I think you sold at the right time Mr Grit, perhaps even a little late to the dance. The bottom is going to fall out of the RV market in a huge way. How can it not with where inflation is going? Wait until folks look at the next 401K statement they get. This economic fiasco is just getting started. Folks have a chance in November to possibly change the course, I am not optimistic.

It took almost two years after 08 for the numbers to reflect the RV Industry crash then. The RV Industry is very good at burying the bad numbers as long as possible, and have propaganda arms in the form of the RVIA and RVDA that do just that.


I feel the same. And was gonna hang a sign in it a couple months ago after our summer vacation but had another trip planned for last weekend and it got foiled by the wind. 6pack boats and 10’ seas get along about as well as my truck and a 5th wheel!

Ya last time I recall the real bargains on toys were in 09 and 2010 specifically.

PA12DRVR

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Posted: 09/15/22 10:03am Link  |  Quote  |  Print  |  Notify Moderator

PButler96 wrote:

I think you sold at the right time Mr Grit, perhaps even a little late to the dance. The bottom is going to fall out of the RV market in a huge way. How can it not with where inflation is going? Wait until folks look at the next 401K statement they get. This economic fiasco is just getting started. Folks have a chance in November to possibly change the course, I am not optimistic.

It took almost two years after 08 for the numbers to reflect the RV Industry crash then. The RV Industry is very good at burying the bad numbers as long as possible, and have propaganda arms in the form of the RVIA and RVDA that do just that.


Couldn't agree more...Given the direction of inflation, I simply can't see how depreciating assets (i.e. RV's) will continue the upward pricing trajectory. Been very wrong on predictions before (see the above mentioned point on 401(k)), but nevertheless, I believe we're on the crest of the pricing wave for RV's (..and houses, and, and, and...).

..of course, that being said I just received an offer for someone to buy the ol PA-12 for 150% of what it cost to rebuild it 12 years ago...


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Grit dog

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Posted: 09/16/22 12:20pm Link  |  Quote  |  Print  |  Notify Moderator

^To your point, I’m gonna put the boat up for sale too this weekend. Wrong time of year, but been considering upgrading anyways and now have friends with a new surf boat so we can mooch back some rides from them for a year if necessary.
With these stupid high prices it’s silly to not cash out unless some extenuating circumstances or extreme emotional attachment.
I’ve had $20k offers for the squarebody we redid as well. How often do you get unsolicited offers for a not rare semi restored vehicle that are for more $ than you have into them? Not often. And I’m not a good enough painter to claim it’s a $10k paint job…lol

time2roll

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Posted: 09/16/22 01:48pm Link  |  Quote  |  Print  |  Notify Moderator

Grit dog wrote:

time2roll wrote:

I am keeping mine for now. Things may change by February and possibly not in the way you expect.


You think the demand/price may go up? Honest question.
I hope you’re right, as long as it’s not followed by an even steeper decline than many feel will happen.
I am not sure prices today reflect to full effect of inflation. Demand could drop some and prices still rise. I still think RVs are for some people substituting for a rental apartment and I believe rents and evictions will continue to spike for 6 to 18 months. The negative wealth effect of the stock market dropping will only affect the high end.

The entire world is struggling with issues of inflation and economy. Much of this may continue to have an effect in the US also. Very interesting test going on right now of macro economic models. If it is anything like the '70s it could last 7 to 12 years with great prosperity following. But I don't think this is like the '70s.

Really a hard call so I am staying tight right now. No major moves.

JMHO


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joebedford

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Posted: 09/16/22 04:44pm Link  |  Quote  |  Print  |  Notify Moderator

I have a 2011 Voltage TH 3950 that I'm wondering about selling. Too old?

Grit dog

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Posted: 09/17/22 09:43am Link  |  Quote  |  Print  |  Notify Moderator

joebedford wrote:

I have a 2011 Voltage TH 3950 that I'm wondering about selling. Too old?

Too old to sell? Not sure I’m following. But generally all price trends follow each other, newer or older.
And if you believe more people are using them as homes, then one would think low income folks would be snapping up cheaper (older) campers

nickthehunter

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Posted: 09/17/22 10:50am Link  |  Quote  |  Print  |  Notify Moderator

time2roll wrote:

...The negative wealth effect of the stock market dropping will only affect the high end...JMHO
You couldn't be more wrong. Many millions of retired people depend upon their 401K for their income, for the rest of their life. The drop in our 401K means we have to make substantial changes in our lifestyle so that we don't outlive our 401K. And I can assure you, we are not "High End", we are just regular folks trying to enjoy our golden years. The drop is scary and very real for us.

shelbyfv

TN

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Posted: 09/17/22 04:28pm Link  |  Quote  |  Print  |  Notify Moderator

^^^^That's why many in retirement move to investments with less volatility. The stock market has been propped up by crazy low interest rates for a generation, easy to lose perspective.

Lantley

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Posted: 09/17/22 04:32pm Link  |  Quote  |  Print  |  Notify Moderator

shelbyfv wrote:

^^^^That's why many in retirement move to investments with less volatility. The stock market has been propped up by crazy low interest rates for a generation, easy to lose perspective.

I am sure no investment guru. But 2-3% mortgage rates were bound to increase. 2-3% is realy abnormal and not sustainable


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