Popsie
Livingston, TX, USA
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Joined: 04/04/2003
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Lobocop wrote: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.
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nelson
Clio,Mi USA
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Joined: 07/01/2002
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Toy or Not a Toy Either way If you enjoy it does it matter. Is a boat a toy, Yes. Can you live on a boat? Most definitely. If you consider it a home then it's a home. It doesn't really matter. The Original Post was talking about Depreciation that is why the talk about money. That is also why that post and soon this post will be closed. Have a good day
2002 Damon Challenger 348 Ford V10
Blue Ox Auto Stop and Aventa II Tow Bar
2001 Ford Sport Trac with Remco Driveshaft Disconnect
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4*phun*2
Canada
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Joined: 09/24/2008
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Our TH is a toy. It was purchased for the ability to go and play.
Glenn & Karen
'06 F350 4X4 Lariat CC LB DRW (nice hips)
'09 Victory Lane 38SRV Toy Hauler
'02 HD Road King FLHRCI KRUZN
'04 F150 XLT Super Crew
Our Toys
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Cloud Dancer
San Antonio and Livingston TX USA
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IMO LIFE is a depreciating asset. So, I try to make the most of it.
Willie & Betty Sue
Miko & Sparky
2003 41 ft Dutch Star Diesel Pusher/Spartan
Floorplan 4010
Blazer toad & Ranger bassboat
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elh0146
Sioux Falls, SD
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Joined: 01/13/2002
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Our fifth wheel is our home, not a toy.
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Mallo
Varies
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deb siems wrote:In a recent post on depreciation, several talked about how the RV was a toy. Posted in the Full-time RVing section, I found that a little odd. We aren't full-timers ( I wish!), but we were back in the early 70's when we were married and pulled an Airstream trailer all over the country for work for 5 years. Never at that time did I think the rv was a toy. I thought of it as my home. It was where we lived every day in, where we entertained our friends, hosted family, dreamed and planned our life out, and even where we brought a baby home from the hospital. Every day we thought of it as home and didn't worry about a "depreciating asset".
So, my question to full-timers. Do you think of your rv as a toy?
It's my home, but because it's a fifth wheel it gives me the ability to "play" more. So yes calling it a toy is a misnomer until you think of some of your most cherished possessions in life are toys. That to me is my fifth wheel more so then any house I've owned.
Mallo
Eloise - 2000 F350 7.3 DRW XL, Reading Flatbed, King Ranch Leather, AIS, MBRP 4" Ex
The Chinese Princess - 2007 Hitchhiker II LS 32.5 LKSBG
Your Kung Fu is weak!
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Fulltimeinanrv
White Rock British Columbia
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A short while back I was listening to someone who was doing a talk on investing. He made a very clear distinction between assets and liabilities. He listed a house as a liability. Some people were upset by this, but after explaining his standpoint, most people agreed. It basically came down to, do you get back out of a house what you spent in principle, interest, upgrades, insurance, repairs, and a dozen other things. In most cases if you do it is very little.
I read Robert Kiyosaki's book "Rich Dad, Poor Dad" and his stance seems to be the same.
So if that is the case, I would consider a house to be a toy also.
I have lived in my RV for over 10 years, and consider it a home. All my writing and blogging is geared toward showing other people how great a home and life style that Full Time RV'ing can give you. I take a lot of care to introduce people to the RV as a home, and not an RV.
"Most people tiptoe through life trying to make it safely to death! What a dumb game!"
Bob Proctor
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Cloud Dancer
San Antonio and Livingston TX USA
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Fulltimeinanrv wrote:A short while back I was listening to someone who was doing a talk on investing. He made a very clear distinction between assets and liabilities. He listed a house as a liability. Some people were upset by this, but after explaining his standpoint, most people agreed. It basically came down to, do you get back out of a house what you spent in principle, interest, upgrades, insurance, repairs, and a dozen other things. In most cases if you do it is very little.
I read Robert Kiyosaki's book "Rich Dad, Poor Dad" and his stance seems to be the same.
So if that is the case, I would consider a house to be a toy also.
I have lived in my RV for over 10 years, and consider it a home. All my writing and blogging is geared toward showing other people how great a home and life style that Full Time RV'ing can give you. I take a lot of care to introduce people to the RV as a home, and not an RV.
My house is a perfect comfortable/convenient place to base out of from which I can launch all enjoyment of my toys.
Whatever anybody else might call it is not a factor in any part of my lifestyle.
Why should any of us care what people call our belongings? If the owners don't know what they are, where are we?
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Happy_Trails
Fulltime, USA
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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.
That is a matter of opinion, living in a place that reduces the cost of living, is an asset. Living in Fullerton CA, we would be lucky to have enough to buy food on Social Security. Moving into the RV we already owned, was paid for, bought used so we did not have an immediate loss due to depreciation, has saved us enough so we can eat well, travel around the country about 11,000 - 12,000 miles per year.
It has meant we can put $200 in the bank each month out of our Social Security in addition to enjoying life much more. We sold our our Mobile Home, where we paid over $750 a month rent Plus Utilities, and put the money in savings.....
Some pay high rates for campgrounds, we do not. We used some of the money from the sale of the Mobile Home, to buy a resale membership in Thousand Trails. Giving us 59 locations we could stay for $450 per year, INCLUDING electric, which was very high in CA. For another $139 per year, we have 110 more locations where we can stay for two weeks at a time at NO daily cost.
Just one example of what these memberships save:
We stayed in Yosemite South in Coarsegold, California.
This Park is managed by KOA. We stayed here with ROD. In the years past before KOA started managing the Park. I just signed in.
This stay, we signed in but was given a cash register receipt that showed the regular charges.
10 nights @ $45
1 night @ $50
sub Total $500
ROD Member $.00
NOW we could have stayed two weeks if we wanted, and the savings would have been even greater. KOA members would have paid $500+Tax with a 10% discount. Non members would pay $500+Tax... We paid nothing.
All total, we have use ROD 87 nights this year.
Quite a bargain, for $139 per year membership fee.
If we wanted too, we could stay in ROD 2/3rds of the year.
We live in Thousand Trails the other days and will use both for the balance of the year.
ROD or Resorts of Distinction - dues are $139 a year.
This is one benefit of being a Thousand Trails or other campground memberships. We can stay in Thousand Trails for 21 days then go directly to another TTN for 21 days and do that year round or use ROD campgrounds between the TTN parks that are further apart.... If we do not want to travel far, we can stay in one TTN 21 days, go to a nearby ROD for 7-14 days and back to the same TTN for another 21 days. Some parks like in AZ are only 7-12 miles apart which keeps fuel cost down.
Our RV is definitely an asset...
Once they get beyond 10 years, if you keep them up, they still cost a lot less to live in, than a new RV. With an Allegro upkeep is very low. We still have the original engine, refer, hot water, furnace, etc... Only have had minor repairs. Depreciation only exists if you keep buying new RVs. When you have lived in a used unit 15 years, you have saved more money than the original cost. Even if we gave it away, we would still be way ahead.
But, we will probably be living in it more than another TEN years.
* This post was
edited 11/01/09 12:29pm by Happy_Trails *
Bob & Nadine
1984 Allegro 23 feet, always at home!
Living Life With a "Golden Age Passport"
and Thousand Trails VIP Membership, Priceless!.
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Lobocop
Silver Springs, Nevada
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Joined: 09/08/2007
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Popsie wrote:Lobocop wrote: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 
Mine 1999 Dodge 2500 Cummins
Wifes 2004 Dodge 2500 Cummins
2007 Lance 805 cab over
2003 Wilderness 27H GL
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