Quote:
Originally Posted by Gideon911
We sold our house and put everything in storage. The plan was to get an RV and travel. Gas prices have been so high, along with prices of RVs/trailers. Looking at boats but they are pretty foreign to me. We stayed with friends for a couple weeks until we moved into a furnished airbnb at the beach. I'm paying my best friend a couple hundred a month to let me keep a big tool box, my 911, and my safe in his second garage. Looking for an RV or trailer again to see if I can score a deal. If we buy one we will still travel, but we won't bounce around as often with the higher gas prices. Looking at homes in different areas. I'm not going to look seriously for about a year. Hopefully the prices come down and we can find something we can stay in for several years. I've wanted a house that had a guest house on it for years. We'll see but I'm going to try for that.
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Boats and RV's will be cheap soon. As interest rates and inflation rises, boats are the first to go, especially if they have dock and storage fees. High gas prices, storage fees and a couple repairs to the RV will sour a lot of people on them soon. Look at 2008. People were walking away from boats, airplanes and vacation homes. I don't believe it will be anywhere close to 2008 but the extras that pull money away are the first to get dumped. When they have to compete against all the new boats and rv's that go on sale with special financing, resale will take a big hit.