The world is getting too crowded with limited places for an abode. Rents are skyrocketing, and buying an own house has become a dream for many, in such a scenario, would it be a nice option to be renting out or even buying a house on wheels? Would you ever like to live in such a house?
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discuss House on wheels
- Thread starter Dr. A
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I lived in a mobile home before, but it wasn't a house on wheels. I just rented it. However, owning a house on wheels is a good idea if you can afford it. You'll be able to travel anywhere if you'd like.
MTV made this popular with Van Life. However, those who fell into the lifestyle quickly learned that it wasn't all cut out to be.
For starters, a house on wheels costs much more than you realize. Sure, you can get a van for $10,000, but to retrofit it is going to cost you another $30,000-50,000, or more, for a nice setup that allows you to do all you need without being on the grid for too long. So, now you have a $50,000+ depreciating asset when you could've put (a little more now) down on a house, and have grown equity along the way, along with a fixer-upper car that got you to and from work to pay the bills, as you'd likely be hours away from work.
The other problem that people faced was that they found out you can't just park in any parking lot for the night and not expect to be awoken by either the property manager telling you to get out of the parking lot or the surroundings where you'd want or need to move.
For starters, a house on wheels costs much more than you realize. Sure, you can get a van for $10,000, but to retrofit it is going to cost you another $30,000-50,000, or more, for a nice setup that allows you to do all you need without being on the grid for too long. So, now you have a $50,000+ depreciating asset when you could've put (a little more now) down on a house, and have grown equity along the way, along with a fixer-upper car that got you to and from work to pay the bills, as you'd likely be hours away from work.
The other problem that people faced was that they found out you can't just park in any parking lot for the night and not expect to be awoken by either the property manager telling you to get out of the parking lot or the surroundings where you'd want or need to move.
Yes, these are some of the cons of the house on wheels making it less popular. It is however, an attractive option if one can rent it for few days at a reasonable rate. But in a long run, buying it will not be worth it as it has been pointed out.
Living on wheels is one of my dreams. However, I have a family and I need to provide my family and it is not possible for me to earn enough just by traveling and living in a RV.
