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Boiled Down Money Goo

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Boiled Down Money Goo

Tag Archives: mobile home

Money Prick 101 – The RV

07 Friday Nov 2014

Posted by moneygooguru in Debt, Fun, House

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Tags

camper, mobile home, motor home, rv, trailer, trailer house

A “rolling house on wheels” is an awful investment.  Really, investment is the wrong word since investments are supposed to go up in value.  Motor home and camper values drop like a rock the minute you drive or pull them off the lot.  A new RWV (Reverse Wealth Vehicle) is intended for people who can’t do math or are so rich they don’t care about the math.  Would you buy a house knowing it would drop half of its value in a few years?!  You gotta be rich or rash or both to do this.

Good old RV

Living the American Dream

The cost for maintenance, licensing, insurance, and fuel is jaw dropping too.  If the RWV is not motorized, it takes a beast of a truck to pull it.  Either way, going on a trip is like running hundred dollar bills through a paper shredder, then burning them just to be sure they are toast.  All this just because you don’t want to sleep in a motel bed?  Granted, motel beds are a little nasty, but a can of Lysol spray is a lot cheaper than a camper.  Get over it.

What is wrong with the good old-fashioned approach to travel, such as a seedy motel room, cramped pop-up camper, or simply a tent and a musty sleeping bag?  At least consider other means of family fun that don’t involve so much time and expense before you do take the RWV plunge.

If you can really afford an RV and enjoy using it, great!  We’re not against that.  But if you buy an RWV and can’t afford it, then you’re just hauling your financial problems around the country or have a very expensive lawn ornament covered by an ugly tarp like our pathetic neighbors do.  Don’t do it.

Excerpts from Money Prick by Taylor Young

Gotta love this video about RVs, though (warning: if crass language offends you, please don’t watch).

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Forever a Mobile Home

04 Sunday Dec 2011

Posted by moneygooguru in House

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Tags

buy mobile home, junkyard, mobile home, mobile home depreciation, mobile home manor, shady grove

Seems like every state, every county, and every town is littered with a “shady grove” mobile home manor. I’m not criticizing the folks who live in mobile homes. Some of our best friends do. And I’ve lived in mobile homes more than once in my life – from a 1949 hand-painted two-tone Shultz to a newer doublewide that hurt my pride and my wallet. And I despise them now.

Sure, if I was lucky enough to be able to buy a lot with an ocean view with a mobile home on it, I’d live in it for a while. But for everyday living, you’re throwing a lot of money away. There is no advantage, cost or otherwise, to living in a mobile home. They depreciate like a car, and end up looking like they belong in a junk yard. You’re better off to rent and save the extra money you wouldn’t have to spend on lot rent, mortgage interest, taxes, insurance and maintenance – you’d be much further ahead.

Check out the costs of fixing up this mobile home (http://www.youtube.com/watch?feature=endscreen&v=rCYUnS24m-0&NR=1)

Please, try like anything to get out of a mobile home. If you wait too long this will be your neighborhood.

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