IS FULL TIME RVING IN TROUBLE IN 2022?
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- čas přidán 2. 04. 2022
- As 2022 becomes clear that our economy is taking a turn. Has the forecast in new RV hitting the road in 2022 in trouble? Full Time RVing maybe in trouble as inflation, high cost's of goods and services have an impact on the market. Not a good time to buy and be in debt possibly.
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Fantastic show. Looking forward to hearing the podcast tomorrow.
At the end of 2021, we bought our 6th rv. Please make sure you get on the roof and walk to check them out. The three that we went to look at all said they were in excellent condition, but all had either missing roof under the vinyl or a very soft roof that had water damage. Even the one we bought, which was advertised as excellence we have put about $15,000 into it.
Although, that sounds like a lot, even the new RV that we bought spent more time in the shop than us actually using it. They all need repairs, they all are very expensive to maintain.
It's not a walk in the park vacation out here, takes a lot of energy and money to keep on moving.
I like this segment you did, it was very real.
Being debt free is the key! With the economy being the worst in over 40 years - I'd hate to think how bad month to month would be!
Danny and Lynn
RV America
Absolutely! We’ve worked hard to be debt free.
As a millennial (early 30s), please keep sharing your knowledge & opinions Scott! Its so helpful. I am not a full time RVer yet, but make due with car camping on my long roadtrips to cut costs, even if the lack of my own bathroom is a drawback. Would love to look into buying a small RV one day but now is not the time obviously.
Look at used RV’s later in the year. Or renovate a smaller Skoolie.
Higher interest rates and sustained higher gas prices could likely end the RV boom as we know it. Food inflation doesn’t make it easier either. The final nails in the coffin would be if home prices decline and or the employment data takes a bad turn.
I’m not saying don’t RV or don’t buy an RV, just be aware of the economic developments in the works.
Also, take a look at the stock charts of Winnebago and Thor industries… looks like Wall Street is already pricing in the end of the RV boom.
Yep!!! Absolutely!
Nope, with housing unaffordable to most, house on wheels will be very attractive to most as many youngsters and old timers will need a temporary to permanent roof over their heads that is affordable and easily obtain than a house or renting a place.
I got mine used travel trailer and suv I 😊 owe nothing. Shot try renting a appartment. They upped peoples rent. I am glad I ain't heading out tell next year.
i dont know who's articles you are reading. in my life time i have seen this happen many times.
Me too. -:)
many of us get zero financing rate when we bought. i have zero rate on my truck and my winnebago. my house is paid for, camper 6 months paid for and 2021 truck zero interest rate. i think you might be talking to future buyers or the younger gen. that owes alot. not sure where you get your info at. this economy is in bad shape the biggest mistake is buying realestate thats going to bust. and in these times dont invest in a stock market thats going to take your money. a person has to have really good credit right now or dont finance any thing for another 2 years.
Didn’t say economy was in bad shape now. But it’s coming. The main point was this is not a good time to be overly extended with debt. Average finance new RV debit with people under the age of 40 is 76,000 according to RIVA. Student loans, cars, RV’s. That’s a lot of debt.
@@ThisNomadicIdea oh we are in a harrible economy and it wont get any better until after november when biden and harris is impeached
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