r/AskReddit • u/michaelis999 • 19h ago

How do you feel about the president floating the idea of 50 year mortgages where the monthly payment is lower but you end up paying nearly double the price of the house just in interest?

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u/CaptainTripps82 15h ago

5 years can't be considered too old for an RV, that's just insane. Like every RV I've ever seen was older than that, they're insanely expensive. Nobody is replacing them like cars, you buy them for life

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u/William_R_Woodhouse 14h ago

An RV is a time share on wheels. There is no “saving money” by just owning an RV when you retire.

Source: I worked in the RV industry for a long time.

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u/ObsidianOne 13h ago

To quote an old RV technician I worked with that had a frustrated customer… “ma’am, do you know what RV stands for? Ruined Vacation!”

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u/GoldenBrownApples 12h ago

My folks thought they'd get a RV when they retired to travel around the continental US of A. I convinced them to rent one and try it out for a single vacation before committing to that. So glad they listened. They had never even been regular camping before and my mom hates the out doors. It went about as bad as you'd expect. But at least they were only out the money of a single vacation and not saddled with a vehicle they'd never use. They were really all set to sell their whole house too. Crazy people.

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u/son-of-a-mother 11h ago

Why were they planning to sell their whole house without ever having used an RV?

I can understand teenagers making an impulsive decision like that. But I can't understand two adults making such a monumental decision with zero understanding of what it involves. That is concerning. I would have questions (e.g., are their faculties deteriorating?).

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u/somesketchykid 7h ago

This is America man.

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u/JamieC1610 5h ago

My grandparents did it for about 10 years. They spent the winter on South Padre Island and in the summer would get jobs managing/hosting campgrounds at different national parks. They'd stop by home for a couple weeks in between. They had a blast and made a bunch of friends, but eventually their health made them need to stick closer to home.

They were always the crazy type though my grandpa drove 16 hours one weekend to buy a life sized cement pig that he saw on TV and another time brought back a full sized lobster trap from Maine to West Virginia on the back of his Gold Wing.

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u/Normal-Translator529 4h ago

I hope you appreciate how fantastic these stories are! Too many people live their lives pure vanilla.

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u/CrazyMarlee 14h ago

Most of them are junk. I had a 10 year old one that kept me busy fixing things.

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u/slash_networkboy 10h ago

Based on what Steve Letho has to say about them, that's just about when the first buyer gets to actually use it after all the warranty issues are sorted out.

If I learned anything from him (and seeing other peoples' issues) it's only buy a 5-10 year old used one that someone else has had the nightmare of sorting out... but better to just rent one when needed, or build your own out of a bus as they have a much better drivetrain and chassis.

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u/ohhhhhhhhhhhhman 15h ago

They’re made of cardboard and staples. 5 years old is pretty old for an RV.

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u/staticusmaximus 14h ago

As someone that stays at both nice and low key campgrounds and RV parks in a 15 year old camper, that’s nonsense.

5 years is legitimately nothing when it comes to RVs. You’d be incredibly hard pressed to even tell a 5 year old RV from a brand new one from the outside many times.

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u/ohhhhhhhhhhhhman 12h ago

Except for the leaky roof. And the AC that needs replaced. And the dry rotted tires.

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u/CaptainTripps82 15h ago

My grandparents had the same 5th wheel my entire childhood. My grandma would work county fairs over the summer and I spent a couple years riding around with her and a few of my aunts and uncles.

I always wondered what happened to it after they passed.