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Old 04-28-2015, 01:02 PM   #1
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This puts the cost of camping in perspective

My friend announced a few weeks ago she is getting divorced. Along with her soon to be ex, they now have to sell their vacation property, a condo in Canmore, Alberta. Asking price, around $475,000 dollars.

My vacation property, my 32bhds, cost me $28,000, brand spanking new in 2013.

Yes, we all bitch about the cost of campsites, and fuel, etc., but in terms of a "vacation property", nothing beats a trailer . . . except maybe a tent!

Just my 2 cents (no pun intended)

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Old 04-28-2015, 04:22 PM   #2
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We love camping, however when I have an extra $500k I will own a vacation home too :-)

In 20 years, or less, my trailer will be worth ZERO -- a vacation home on California's Central Coast will double in value or more if history is any indicator of the future.

Everything about RVs and Camping, except maybe owning a CG, is a deprecating asset. I try to limit the amount of money I have committed to depreciating assets. So far I am not doing as good as I would like on this goal. However, the silver lining is, I also bought used and have no loans on any of these depreciating toys.
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Old 04-28-2015, 05:45 PM   #3
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Real estate doesn't always appreciate

I have friends in Florida, their condo's are still underwater, even with the "great recession" now over. And don't forget about those yearly condo (HOA) fees.
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Old 04-28-2015, 06:02 PM   #4
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We have what most people would call a time share, though technically it's not, through World Mark. We love it, but ... it doesn't allow animals anywhere on the property, so we can't use the place without boarding the dog. That's still less expensive than a hotel, but it's more stressful on the DW. Our current PUP and the imminent TT allow our dog!
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Old 04-28-2015, 06:12 PM   #5
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I have friends in Florida, their condo's are still underwater, even with the "great recession" now over. And don't forget about those yearly condo (HOA) fees.
Great point, fortunately it doesn't really apply in my neck of the woods. Not to many condo complexes along the CA central coast or central Sierra Nevada. And certainly none of the big high rise stuff I have seen in in Florida, Vegas, Scottsdale, etc.

Hopefully your friends will recapture their value, that is something I know I will never be able to do with a RV or Truck.
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Old 04-28-2015, 06:20 PM   #6
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We love camping, however when I have an extra $500k I will own a vacation home too :-)

In 20 years, or less, my trailer will be worth ZERO -- a vacation home on California's Central Coast will double in value or more if history is any indicator of the future.
In 20 years, you will have spent $100 - $200k in property taxes which alone could fund a new camper a couple times over.
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Old 04-28-2015, 06:33 PM   #7
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Ok, we have lost the intent of the OPs thread. I was simply making and tongue and cheek observation about second home appreciation vs RV depreciation. I'll make one last point then I'm done on this topic.

In CA, 500k house cost 1% property tax, plus what ever local bonds and assessments are enacted. Typical property tax is 1.2% annually and the tax basis (home value) is locked in at the purchase price + 3% a year. So even when the house doubles, you taxes hardly change. You can thank Prop 13 for this. A very short sight initiative passed I the 70s.

So in my example over 20 years I would pay ~$125k in property tax, all of which is tax deductible. Therefore I would only have a net gain of $375k of equity appreciation vs 100% depreciation in RV value.

Before anyone gets upset -- remember I am right here with you as an RV owner. That doesn't change the fact that we all chose to own depreciating assets.
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Old 04-28-2015, 06:45 PM   #8
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It's all young in cheek observation here.
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Old 04-28-2015, 06:54 PM   #9
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I think the biggest benefit is if beachside in CA sounds good that is where my camper and I will head. If beachside in FL sounds good we go there. If the Grand Canyon sounds good we head there. A vacation home is stuck in one place. My camper and I can go where we wanna go and most nice places have a campground with a great view. I pay a premium for that but still not close to that vacation home that is stuck in one place
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Old 04-28-2015, 06:58 PM   #10
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In 20 years, you will have spent $100 - $200k in property taxes which alone could fund a new camper a couple times over.
My son from LA bought a vacation home on the Cal. Coast 7-8 years ago at Pismo Beach. It has now doubled in value and he rents it out by the week or month and 6 weeks of rent pays the taxes for the whole year. He has to turn people away. Visit the coast and you'll see what we mean.
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Old 04-28-2015, 07:10 PM   #11
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My grandparents house is in Shell Beach. They have had it since the 80s, way more than doubled. But so has the family, so it's hard to get time when we want it. They don't rent it either, but it's used ~300 days a year by our family and their closest friends.
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Old 04-28-2015, 07:23 PM   #12
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We took a 20-day trip last spring to Idaho, Nevada, California and Utah and certainly couldn't have done that with a vacation home. If we were all worried about depreciation, we certainly would not buy FWs, boats, ATVs, etc. We would just buy a house with no furniture, not buy a lawnmower and probably would not put in hot water heaters or furnaces as they all depreciate as well.
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Old 05-05-2015, 05:59 PM   #13
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I enjoy the RV travel adventure. New places to see, new things to do, new people to meet. Most people own a car, never found that to be an appreciating financial experience. Enjoy yourself, do what you want to do, you only go through this life once, and the trip is relatively short. Enjoy and may your trip be a happy and healthy one.
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Old 05-09-2015, 07:26 PM   #14
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I love having a new waterfront property every time we move to a new CG. That IMO beats the need to have a Vacation Property. And, we don't have to do yard work at the CG, just keep it clean.
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Old 05-09-2015, 08:10 PM   #15
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For what it would cost to furnish a condo you can buy a brand new Jayco and change it out for new about as often as you would furniture.

The other thing to consider is it is far too simplistic to compare real estate that appreciates (historically tracking inflation in most places) and an RV that depreciates. You must also consider lost opportunity cost if you have a pile of cash tied up in real estate. If I had the extra 500K to play with, I'd have 100k spent on the truck and trailer and 400K in a balanced (60% equity ETFs, 40% bonds), diversified portfolio of liquid financial assets which can realistically spit out 7% (28K per year) which covers a lot of 'depreciation' on my mobile vacation property, campground fees and fuel.

I own my real estate free and clear, but believe me I still don't think of it as an investment any more than my RV is. By the time taxes and maintenance and lost opportunity costs are factored in it is still a very expensive place to hang my hat.

I look forward to the day when I can sell the house and full time RV and have my former house pay me to do so. Real estate is over rated in my humble opinion. But to each their own.
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Old 05-10-2015, 06:58 AM   #16
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The other thing to think about is when your spot at the lake/mountains gets ruined by weather events or too much development you can easily move your RV.. the condo/cabin is stuck there.. My co-worker had a cabin at the lake.. the lake dried up now he has a cabin at the dust bowl.
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