Monday, September 7, 2015

Determining our price range

Before we even began to look at RVs, we thought about how we were going to use it (see the previous post) and then had to decide on our price range.  We have been fortunate to have good jobs for the past 30 years and have saved a little, but we'll never be "rich".  Both of us always dreamed of living in the mountains and were able to buy a small home in Brevard, NC for what it would cost to live in a two-bedroom apartment in Orlando.

The key thing is that most of our family is in Orlando and we would like to spend quite a few months every year there.  We vote there, our doctors are there, and it's where we have lived for more than 30 years.  If we weren't going to get a RV, we would surely have to get a small home in Orlando.

After considering the options, we came to the conclusion that our spending limit on the RV should be roughly equivalent (or less) to what we would spend on a small home in Orlando.  Of course, a house would appreciate, while the RV will depreciate, and that has to be taken into consideration.

We have rented RVs in the past to take vacations and have thought about getting one for a long time.  We know that we don't want to get out there and wish that we had "upgraded" to begin with.  So we'll just bite the bullet and get what we want right off the bat.  It's a lot of money, but the reality was that we were going to spend it on a house or spend it on a the RV.  No contest.

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