Alternative Housing: RVs
It used to be that everyone had to have a traditional house in a community with a yard and perhaps a fence. It was the norm. Though many Americans still tend to think this way today, there are more and more people who are looking into alternative housing. The credit crunch and the real estate problems that have been bugging Americans in the past year is largely to blame for this. Yet if you think about it, these alternative housing solutions could be much better than what we are used to.
One perfectly suitable housing solution is to go RVing. Take the example of Howard and Linda Payne. MSN writes about them:
In May 2005, Howard and Linda Payne turned 39, sold their four-bedroom colonial, quit their jobs and moved into a fifth wheel. If you’re not familiar with this style of RV housing, it’s like a trailer with a big hitch that rides in a full-size truck bed. Linda Payne preferred it over other recreational vehicles because she says its design is more homelike and spacious. The nicest ones come with a bedroom big enough for a king-size bed, a living room, a generous-size bath, a kitchen with a dishwasher, and a washer and dryer.
The Paynes used the money they got from selling their house to buy a brand-new rig with these amenities. A lot of people might not want to take that route, Howard Payne says. “It’s a choker for some people to sell a home and buy a depreciating asset.”
Fifth wheels don’t have motors to go bad and, therefore, don’t depreciate as quickly as other RVs. Howard Payne says that factored into his thinking when they selected their RV.
Imagine the financial convenience – no mortgages, no rent, etc. How much do the Paynes need to live in a year? Around $36,000. Not bad, eh?
Photo courtesy of escalade328s
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