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Old 09-10-2015, 11:01 AM   #15
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Socal is great place to move away 'from' ...

OP - if you plan on only staying for a year or two, you definitely want to rent but I don't think going out and buying an RV is a wise choice. JMO. I would look at a mobile home/condo (like others have mentioned) in the IE if cost is your main factor.

If you already had an RV and were paying to store it, then it might work out by living in it full time.
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Old 09-10-2015, 11:30 AM   #16
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Forget the motorhome. You can get a gently used 5th wheel for a fraction of the cost. A motorhome will kill you in depreciation and maintenance and they don't take kindly to sitting around for long periods between use. If you don't have a truck to handle the 5er, there are outfits that will move it for you. If it doesn't work out you've risked a lot less.
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Old 09-10-2015, 12:00 PM   #17
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Quote:
Originally Posted by Superslif View Post
One can't expect a $500k home purchase to be worth $750k in a few years. I watch many of those home shows where a piece of crap fix-r-upper brings $350k. My area it would be $10k....

At some point the madness of overly inflated real-state can't continue. The same $450k SoCal ranch is $50k here in NE. Ohio.
That's what they said in the 1960s, 1970s, 1980s, 1990s, 2000, and now.

Of course it's a gamble, but aren't all investments? And if I said "here's an investment that for the past 60 years has increased significantly in value across any two data points 15 years apart" -- sure, that's not a guarantee, but it's a darn good indication it's not a bubble.

And remember, the alternative in the OP's case is to buy a motorhome that will definitely depreciate. And they'll need to pay space rent as well, which is 100% guaranteed not to return any value.

And let's say you live in NE Ohio and spend little on your home and put the rest in the bank... unless you accept 2% returns your money is at risk as well.

Just sayin...

Steve
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Old 09-11-2015, 12:48 AM   #18
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Find a park in an area you like that allows full time living in an RV. Buy a nice new or used 5th wheel have someone haul it to the park. Save your money, new 5th wheels are a lot less then new MH, used even less. If you decide you want to travel with the 5th wheel buy a truck to pull it with. Total cost will be less than most MH's and a lot less maintenance.
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Old 09-11-2015, 01:13 AM   #19
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Quote:
Originally Posted by falconman View Post
Forget the motorhome. You can get a gently used 5th wheel for a fraction of the cost. A motorhome will kill you in depreciation and maintenance and they don't take kindly to sitting around for long periods between use. If you don't have a truck to handle the 5er, there are outfits that will move it for you. If it doesn't work out you've risked a lot less.
I would agree even though we've never had a 5th wheel. Went from TT to MH's in 1988.
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