CasterTroy
Faster'N You
- Joined
- Mar 21, 2005
- Location
- Wallburg
Rv can be financed as a second home I.e. mortgage
Rv can be financed as a second home I.e. mortgage
How else do you think all these people have these big campers that are 110k plus.
Boats are the same way. 10+ year financing. Not sure why but people do it. Even crazier, the underwriters are funding those loans...
Except 9 out of 10 won't hold value in 5 years, or hold up in general much longer.
Every time my old rattletrap has an issue I think about getting a newer truck. I see the price tag and just laugh, find the parts I need and fix my 17 year old truck. Yeah it's louder and doesn't ride as well as a newer truck, but the bitch is paid for.
That target demographic isn't generally educated on the structural or mechanical life expectancy of what they're purchasing. MOST, are at or near retirement age, and believe they will spend their "golden years" traveling to the destinations they've dreamt of their entire lives.
Unfortunately, it's been MY experience (working at CCRV in colfax thru HS and preparring new RV's for their delivery, and then watching numerous friends and relatives reach this "golden age") that when MOST finally DO retire....they're spending more time at the DR than they are anywhere else, so they become more home-bound than they expected...then decide that RV is wasting away in their driveway.
I cant understand teens and early twenty somethings buying these trucks with little money down and being upside down on them in 2 years.
They must all make killer money and know something I don't or are in debt to a number that don't register in my head.
I the bank(s) $120k including my house which makes 105 of that, not that I care to share my personal info, but I don't feel that's too bad being another 7k of that is school loans...
I work very hard and do without a lot of things to not add to that number.
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Priorities man,priorities.I own a 930 sqft rental home in Clover, SC.
2 bedroom 1 bath.
Very nice house for what it is. It was built in the 60s and its totally updated. Nice yard etc.
It rents for $600/month which is top of the line for a 2/1 around here.
Young couple has lived there 4 years now. They keep the place impeccable inside and out and are super nice and always on time with the rent.
He drives a '15 F-350 King Ranch Diesel
She drives a 14 or 15 X550i
They have 3 kids.
So for those of you playing at home they live in a $75k house and have $150k+ in cars in the driveway while their 3 kids share a single bedroom
Here's my personal info for the day:They must all make killer money and know something I don't or are in debt to a number that don't register in my head.
I the bank(s) $120k including my house which makes 105 of that, not that I care to share my personal info, but I don't feel that's too bad being another 7k of that is school loans...
I work very hard and do without a lot of things to not add to that number.
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I own a 930 sqft rental home in Clover, SC.
2 bedroom 1 bath.
Very nice house for what it is. It was built in the 60s and its totally updated. Nice yard etc.
It rents for $600/month which is top of the line for a 2/1 around here.
Young couple has lived there 4 years now. They keep the place impeccable inside and out and are super nice and always on time with the rent.
He drives a '15 F-350 King Ranch Diesel
She drives a 14 or 15 X550i
They have 3 kids.
So for those of you playing at home they live in a $75k house and have $150k+ in cars in the driveway while their 3 kids share a single bedroom
Sounds like a good renter!I own a 930 sqft rental home in Clover, SC.
2 bedroom 1 bath.
Very nice house for what it is. It was built in the 60s and its totally updated. Nice yard etc.
It rents for $600/month which is top of the line for a 2/1 around here.
Young couple has lived there 4 years now. They keep the place impeccable inside and out and are super nice and always on time with the rent.
He drives a '15 F-350 King Ranch Diesel
She drives a 14 or 15 X550i
They have 3 kids.
So for those of you playing at home they live in a $75k house and have $150k+ in cars in the driveway while their 3 kids share a single bedroom
Sounds like a good renter!
They have 3 kids.
I just wanna know what ROI means?I just choose to look at it as priorities and personal choices.
It isnt right or wrong, if the person is able to make the payments.
Hell I wrote a check last week for more than many vehicles Ive bought just for an engine for a project Im working on that when completed will probably be driven 4 times a year.
To many folks that is dumb....but every time I hear those 427 cubic inches of Windsor small block scream I intend to count that as $100 of ROI. Its a helluva lot cheaper than a couch session.
Return on investment.I just wanna know what ROI means?
Perhaps if fuel prices went up substantially again that could be the bursting point?