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Open Roads Forum  >  General RVing Issues

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

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nickthehunter

Southgate, MI

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Posted: 09/18/22 08:09am Link  |  Quote  |  Print  |  Notify Moderator

shelbyfv wrote:

^^^^That's why many in retirement move to investments with less volatility...
Less volatility, now why didn't I think of that???????

Clicky

But the point I was making had nothing to do with volatility. The point is that everyday people are being substantially affected by the stock market - not just "High Enders"

shelbyfv

TN

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Posted: 09/18/22 12:23pm Link  |  Quote  |  Print  |  Notify Moderator

nickthehunter wrote:

shelbyfv wrote:

^^^^That's why many in retirement move to investments with less volatility...
Less volatility, now why didn't I think of that???????

Clicky

But the point I was making had nothing to do with volatility. The point is that everyday people are being substantially affected by the stock market - not just "High Enders"
And my point was that if a 20% drop in the stock market has caused you to make "substantial lifestyle changes" you might want to re-think your retirement plans. These years of nutso low interest have enticed lots of folks into exposure they shouldn't have to worry about in old age. Sorry, we've strayed far from trailer pricing.

nickthehunter

Southgate, MI

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Posted: 09/18/22 12:43pm Link  |  Quote  |  Print  |  Notify Moderator

Yes of course, I’m sure you can take a 20% hit in your income then top it off with another 9% hit for inflation without a care in the world. Sounds like you are one of those “High Enders”.

time2roll

Southern California

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Posted: 09/18/22 01:06pm Link  |  Quote  |  Print  |  Notify Moderator

nickthehunter wrote:

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.
I meant the high end of the RV market. Not about your personal wealth.

So if the market drop has you buying a lower end RV that could even boost the low end RV market and again you would have dropped out of the higher end RV market thus affecting the "high end".

For high net worth people I doubt the market fluctuations will affect what RV is chosen. Do these people even go RVing? If the 25% hit to income or assets affects day to day life then not really in the high end of income/wealth.


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shelbyfv

TN

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Posted: 09/18/22 01:19pm Link  |  Quote  |  Print  |  Notify Moderator

nickthehunter wrote:

Yes of course, I’m sure you can take a 20% hit in your income then top it off with another 9% hit for inflation without a care in the world. Sounds like you are one of those “High Enders”.
Or....maybe I chose to not have my retirement be subject to the not unexpected ups and downs of the stock market. [emoticon]Think of all the years you gained 15% or 20%.

Grit dog

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Posted: 09/19/22 11:05am Link  |  Quote  |  Print  |  Notify Moderator

And whoda thought my simple post about getting good resale on my camper would have been turned into another off topic off the wall discussion by the usual detractors?

Funny part is I thought couple of you were internet buddies from the EV threads. But turns out you’ll argue with anyone for any reason….lol.


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dedmiston

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Posted: 09/19/22 11:07am Link  |  Quote  |  Print  |  Notify Moderator

Grit dog wrote:

But turns out you’ll argue with anyone for any reason….lol.


No they won't.

Yes they will.

No they won't.


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shelbyfv

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Posted: 09/19/22 11:40am Link  |  Quote  |  Print  |  Notify Moderator

Grit dog wrote:

And whoda thought my simple post about getting good resale on my camper would have been turned into another off topic off the wall discussion by the usual detractors?

Funny part is I thought couple of you were internet buddies from the EV threads. But turns out you’ll argue with anyone for any reason….lol.
You're still here[emoticon]

blofgren

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Posted: 09/20/22 08:30pm Link  |  Quote  |  Print  |  Notify Moderator

Grit dog wrote:

^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


OK, now you've got me thinking about selling my trailer and boat again....but the divorce lawyer would cost me much more than what I would make off of them! [emoticon]


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Grit dog

Black Diamond, WA

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Posted: 09/20/22 11:00pm Link  |  Quote  |  Print  |  Notify Moderator

blofgren wrote:

Grit dog wrote:

^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


OK, now you've got me thinking about selling my trailer and boat again....but the divorce lawyer would cost me much more than what I would make off of them! [emoticon]


Haha, I shoulda sold the boat too. But I gotta pick my battles with the family! I chickened out…

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