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RE: Rv loan rates!
..."But those days are gone. Your plan won't work for anybody moving forward...
What you are saying is companies will not make a profit in the future and stock prices will cease to go up (for now and in the future). (My money is invested in the market also) When that happens, RV Loans will be the least of the problems; for you, me, Nick, and everyone else.
Exactly. Prepare for what's coming.
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restlessways
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03/27/23 11:35am |
Truck Campers
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RE: right front tire wear
All 3 of my Ram 3500 duallies have scrubbed the right front tire.
This is my 6th Ram/Cummins, but my first dually. My camper is about 4800# loaded for camping. At 24,000 miles here's the passenger and driver front tires. Both are scrubbing on the outside, but the passenger side is much worse. I took it in for alignment, the passenger side toe was .22deg, the driver was .08deg.
Oh, and when I weighed the truck and then the truck and camper at the CAT scale, the front end of the truck is 40# lighter with the camper on.
I should post a pic of my right front tire. It looks almost identical to your right front.
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restlessways
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03/26/23 11:32pm |
Truck Campers
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RE: Rv loan rates!
To answer the question, I can write off 100% of the interest on a second home. However, that doesn't put me over the top for exceeding the standard deduction. So financing to write off the interest gains does absolutely nothing for me. That overall is probably a bad strategy. At most, if you paid $1,000 in interest in a year, it would net save you $370 in taxes (37% or less depending on Taxable Income).
But keeping my money invested and using other peoples money while only paying them 4.49% in interest is a winner. The money I kept invested is right now worth almost 70% more over the last 8 years, and that is even after it went down over 36% last year.
Now to head off the naysayers, the money is invested in a Roth IRA, total market index fund (VTSMX). I've had the fund for about 20 years, nothing fancy, moderate to above average risk. If I was going to pay cash for the RV, this is the fund the money would have come out of.
Sure, during the biggest everything bubble in the history of mankind. Even a monkey couldn't go wrong with what the FED was doing by artificially repressing interest rates and juicing asset prices. But those days are gone. Your plan won't work for anybody moving forward. In fact it will financially destroy them. Eveybody's a financial genius when the FED is printing.
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restlessways
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03/25/23 03:00pm |
Truck Campers
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RE: Rv loan rates!
I have never financed discretionary purchases. It takes me a while to save up, but I do not have the overhead of loans slowing my saving. Paying off our home was the real factor in being able to pre save for purchases rather than financing them into the future at a higher cost.
There are those who pay interest, and those who collect it. I like to be the latter. I haven't paid any interest for over 15 years, and don't anticipate doing it again.
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restlessways
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03/25/23 02:53pm |
Truck Campers
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RE: Rv loan rates!
^Which hopefully starts narrowing the competition and lowering the prices here real soon!
Hopefully in time to score a good deal on another camper for this summer…
Gonna be tough going on prices though until the unemployment rate rises.
You're not going to see any good deals on campers this year. There is still way too much money out there. $10 trillion in monetary and fiscal stimulus doesn't disappear overnight. Probably be another 18 months before we even start seeing widespread distressed sales of toys. There isn't even a sign of a recession yet. The people who are losing jobs right now can find another one immediately.
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restlessways
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03/25/23 02:49pm |
Truck Campers
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RE: right front tire wear
All 3 of my Ram 3500 duallies have scrubbed the right front tire.
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restlessways
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03/25/23 02:29pm |
Truck Campers
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RE: Pet Peeves in RV Parks
My biggest pet peeve at RV parks has been horrendously loud diesel pushers pulling in right next to me late at night, waking me up then continuing to run at high idle for like 30 to 40 minutes. I don't have anything nice to say about those people or to them. Most end up leaving the next day because they were just passing through, but it has happened to me a handful of times and is ridiculous.
I really enjoyed traveling around and seeing different places and RV parks when I had purchased my 5th wheel 10 years ago. Most places weren't even 50% full, many less than 25%. You'd have empty spaces all around you. Now they're stacked up like cordwood. I don't enjoy it anymore so I quit. I only use my private campsite when I want to go RVing. There's plenty of space and none of the annoyances.
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restlessways
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01/11/23 01:32am |
General RVing Issues
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RE: A new adventure for me.
Hopefully this job pays mega bank, because I can't imagine having to live in a truck camper on the job site.
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restlessways
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12/05/22 06:09pm |
Truck Campers
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RE: Goodnight Irene, the party's over.
A little more anecdotal evidence: I know somebody who sold their house with pie in the sky dreams of living in an (expensive) brand new RV and traveling around through their retirement years. They didn't even last 2 years. They sold the rig and bought another house. Why? They grossly underestimated the cost and hassle of such a life.
I started traveling around a lot during the last recession, 2008-2009 era, continuing on until 2013. I could stop anywhere without reservations and they'd roll out the red carpet. All offered not only weekly discounts, but very affordable monthly rates. I could stay in gorgeous places for $350-$600 per month. These days, those places are anywhere from $1,100 to $2,000 per month. To me, it makes zero sense.
One of the things I loved most about RVing was it was much cheaper than renting a house, and I could move around and see all sorts of new areas. That ship sailed. For me, I have lost interest in the traveling part, which is why I only use my private camp site during the summer.
One last thing - I remember during the depths of the last housing bust talking to a guy who owned an RV Resort in California. He was desperately trying to sell it but had no interest at all. His revenue had gone to almost zero. He told me he wished he had never bought it, that it was like a white elephant. My, how things change.
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restlessways
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11/28/22 11:34am |
General RVing Issues
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RE: Goodnight Irene, the party's over.
No news here. (or rocket science) In my entire lifetime, (now approaching 70 years) every time the price of fuel spikes or the availability becomes questionable, the sale and value of fuel guzzlers plummets. I don't need industry experts to tell me that. Eventually the market always adjusts. The question is . . . when, . . . , and, . . . can you wait it out?
Chum lee
I think the used, older big Class A motorhome sales are really getting hammered. Same with older fuel guzzling boats like early model trawlers with twin diesels.
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restlessways
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11/27/22 11:22pm |
General RVing Issues
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RE: Goodnight Irene, the party's over.
For the last ~12 years, interest rates have been at/near historic lows. Interest rates are high now relative to the last 12 years. But interest rates are nowhere near historic highs. Let's hope they don't go up too much further.
-Chris
Why would we hope that? Inflation is tearing the entire economy a new rectum. To stop raising rates would be to say "gee, let's just destroy the currency and the country by way of hyperinflation." Not a good thing to hope for.
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restlessways
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11/27/22 11:18pm |
General RVing Issues
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RE: Goodnight Irene, the party's over.
I own a private campsite where I use my 5th wheel in the summer. I don't leave it there, but rather haul it to a storage unit before heading back to my winter house. I usually stay at an RV Resort for a week or two while I winterize it, empty it out, etc. The last couple years the RV Resort was packed to the gills. This year, it was like a ghost town. It was emptier than I've ever seen it in the last 10 years.
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restlessways
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11/27/22 11:16pm |
General RVing Issues
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RE: Western WA storage?
Wouldn't recommend Sequim. Had my almost new 5th wheel broken into and damaged years ago, with items stolen. The sheriff told me the thieves were everywhere due to heroin and meth. Uggh.
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restlessways
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07/18/22 12:20am |
General RVing Issues
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RE: No shortage of RVs
Dealer near me has a lot of campers and advertise a 4.99 % interest rate. Not worth looking at that interest rate,plus they pretty firm on their prices.
A 4.99% interest rate on an RV right now would probably be the prime rate for a buyer with the highest credit score, I would imagine. I had a brief conversation last year with a financing gal at one of the largest RV dealers on the west coast. I wasn't looking for credit, but I decided to chat her up to see what kind of financing was going on, and what she told me was truly stunning. She said that people were borrowing at rates of up to 19%. Put that in your pipe and smoke it.
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restlessways
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05/14/22 12:41am |
General RVing Issues
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RE: No shortage of RVs
Except when it comes to truck campers. For some reason the lots are empty.
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restlessways
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05/12/22 09:07pm |
General RVing Issues
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RE: Vacation Home Buying Fizzling. RV's too?
"most will be completely wiped out" - That is some doom and gloom right there.
I'm conservative financially, but we've had mortgages and we've survived multiple layoffs, dot com bust, 9/11, the collapse of 2008, bad years in business, etc, etc. I'm blessed by a hard working wife that has strong business skills, I owned a dependable business, and good health. We now have zero debt, it feels great! (used to be a big Dave Ramsey fan, although he turned out to be a creep) Most people not only do fine w mtg debt they prosper. Those who have a mtg(s), college loans(theirs or kids), multiple car loans, and pile consumer debt on top of that, well they're reckless. And I've seen many others that take a lot more risks than me and they've actually come out way further ahead financially. Like they say "there is more than one way to skin a cat."
If I may clarify, I wasn't talking about mortgage debt per se, so I'm not sure where you got that impression. I'm talking about all the people who are leveraged to the teeth with all kinds of debt. 2nd and 3rd speculative houses, expensive vehicles, boats, RVs, crypto, stocks, etc. You would not believe how many gamblers there are out there right now. It's all crashing as I type.
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restlessways
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05/12/22 04:47pm |
General RVing Issues
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RE: To slide or not to slide. That is the question.
No, seriously, the OP's question isn't answered.
This is just the typical myopic one-sided "old phart" rantings. "My way is the only way and everything else is stupid and should be outlawed."
What's weird about this site, and forums in general, is the "OMG, this person has an opinion different than mine. MUST. BE. DESTROYED." mentality. I picture a scenario where said angry person's wife is talking on the phone to her sister, asking if she's happy with her divorce, and when she hangs up she says "honey, isn't there something outside the RV that you can do?" Seriously.
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restlessways
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05/12/22 04:41pm |
Truck Campers
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RE: Right truck and camper setup for a northern Alaskan winter
So right off the bat, it seems you have a misconception that a truck camper means you need a DRW truck. Yet you also seem to be looking for a basic camper which would naturally be lighter in weight, and not requiring a DRW truck, even for "safety."
A DRW truck is not the best choice to be exploring the Alaskan wilderness. An SRW truck's rear wheels follow in the same track as the front wheels, making traveling through deep snow and mud much easier. Each tire on a DRW cuts its own rut, so six ruts vs. two. Takes a lot more power and effort to charge through tough going, if you can make it at all. My DRW is helpless in deep snow, and it's a 4x4 with aggressive tires. Once the rear wheels hit deep snow, it stops. I can back right out, but the front end won't pull the whole truck through.
Ultimately what's "best" is entirely up to you. Everyone has their own idea of "best."
I have seen people say this but it's never been my experience. While I do agree that the rear tires have to cut their own tracks which translates into a different type of handling, I have never had traction problems with my duallies in snow, off road, etc. I run aggressive tires as well.
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restlessways
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05/11/22 11:33pm |
Truck Campers
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RE: Vacation Home Buying Fizzling. RV's too?
One thing is for certain, we have yet to fully realize the downstream effects of the mess created by the pandemic.
I don’t claim to be a smart man or have the answers and those that do claim to understand it are likely posturing, as we all should be in our own way.
Not a zombie apocalypse prepper. But also not an ostrich.
Been bit by recession and also capitalized on it, and yes something still smells a little different about the current situation. (Maybe it’s my sense of smell after having the Rona, but everyone would be well served to stay a bit aloof and protect their own interests the best way they see fit.) Remember, you can only control what YOU do.
I like to stick to the basics which have always served me well. Zero debt, and the belief that "it's never 'different' this time." I hear stories of new paradigms almost weekly from friends and acquaintances. I don't believe any of it. They're all just talking their book because they want to get rich without having to work hard. I work for what I have, and I don't gamble to try to get ahead. Sure, that's worked for some, but most will be completely wiped out.
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restlessways
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05/11/22 06:29pm |
General RVing Issues
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RE: To slide or not to slide. That is the question.
I had a Lance 1030 with no slides. When I sat in the Arctic Fox 990 with the slide out, it felt twice as big. I loved it. That being said, I do like the convenience of no slide for quick restroom breaks while on the road, making lunch, etc.
I have a 5th wheel with 3 slides. I have never had an issue with any of them in almost 10 years of use. I don't worry about that. But having to open and close a slide is certainly something that does take a small amount of time and thought, no matter how "quick" it opens.
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restlessways
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05/10/22 09:43pm |
Truck Campers
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