Advice for new fulltimers ...
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ADVICE FOR NEW FULLTIMERS
and wanabees ...

BY Doug, bradnjan, Milo and Sue

Forum items that we thought might be useful:

Doug:

"I am single retired from the military and seem to be always on the move. I am thinking about buying and RV and having it as my home. Being able to travel to the east coast to visit friends relative and on the west coast to see my kids. Is buying an RV really a practical thing to do in your mind?"

bradnjan:

"Just be sure you are able to live without a garage and buy a comfortable RV.  Then rent RV spaces by the month ... $200-$400 and you can live where you like for under $4,000 a year, changing locations with the seasons if you want. Personally, we need a nest to return to and I have to have a large garage for all the junk. Owning a piece of real estate (that doesn't require maintenance, like in AZ) keeps your foot in the housing market and when you tire of that roaming lifestyle, you will have some real estate equity to transfer to whatever you want to buy to spend your final years in...wherever it may be. I'd hate to get completely out of the real estate market for years and then find myself unable to get back in. Prices here in AZ have about doubled in 4 years. We've been travelling a lot during that time, and we'd really be in sad shape if we wanted to buy this house now...we couldn't afford it! The equity that has been building will let us buy something else later in life when travel-time is done...wherever we want to live then after our exploring is finished."

Milo and Sue:

"I agree with bradnjan that you need real estate somewhere. We're fulltimers too and we sold everything and we've seen house prices going up and wonder what we'll do when we want to stop traveling. We kept our house in Arizona for nearly two years after we began fulltiming. We rented it out but the rental wasn't successful and the responsibility of it was a problem for us so we sold it. Prices now are about 50% more than we got when we sold and the money we got for the house and invested isn't worth much more than we invested. We want the opposite to what most people want, we want house prices to fall."

Add your opinion below:
   

Readers' comments:
Latest first

barbara :   where is the rv lot you are selling? we are looking to buy an rv lot for summer living.

Terry Regennitter :   After 14 years full timing I winter at SKP "The Resort" in Wauchula , Fl. Have a park model and shed. Still travel in the summer up north.

valleyman :   I am retired, sold it all and now fulltime. Bought a RV lot and now am going to sell it. Being single I really don't have to have a home base, although I probably will end up with one sooner or later. When the time comes for me to retire from retirement traveling I plan on renting a small place or purchasing a park model in a warm climate. In the meantime the traveling is great and the people are even greater. Would recommend the lifestyle to anyone. There is a definate difference between the upper end and lower end of rigs but as long as you are happy who cares. After all we don't have to keep up with the Jones' any more.

Jennie Hibbert :   We had the same problem, we sold our house 7 years ago and put most of the money into the coach. The coach depreciated of course and now my husband is in poor health but we don't have anything like enough money to buy a house of the same standard that we sold.

 

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