2017 Version of the Snowbird Lifestyle
In a blog post I wrote several years ago about the world of winter living at a price you can afford, I gave you all the lists for things to do so that you could leave your home unattended during the winter. Then I gave you choices for how you might actually leave for several months without breaking the bank. That blog post was called How to be a Snow Bird...answers and lists. Much of the information there is still relevant. BUT there has been a shift in our RV Resort life financially.
Remember back when I touted the RV lifestyle and RV Resort living as the end all be all? I think the rules might have changed when the boomers came into retirement.
See, during the recession housing prices fell dramatically and our life here in our park model remained much the same. So it was a convenient wash for us in that it was just easier and a little less expensive to live in the park model. Now it is 2017.
Our owner has raised our lot rent to over $5145 dollars a year. That works out to $428.75 a month. AND the value of the park models has gone through the roof. Just a couple of years ago models sold for less that $20,000. Those same park models have sold for up to $40,000 this past winter.
What has happened is that we are at that intersection where lot rent and park model values are rising faster than housing prices. It is a good time to make a change I think. We may be able to stop the rent bleeding that seems to be the new norm for RV resorts.
Boomers have more money and they are wanting to be mobile. The RV lifestyle is perfect for them. During this period of time life in the RV resort will continue to become more expense because there is such a huge demand.
So, wouldn't you be asking yourself why you don't buy a townhouse using the park model selling price for a down payment and actually own something. I know we are. The payment might not be more than our monthly payment here in the park...maybe. I have looked at the appreciation that will be coming during the next year and it is very good. In fact flippers are all over it and buying things that need to be cleaned and repaired so they can cash in on the possible profit.
People our age will be making changes that suit our retirement lifestyle. It is all working out wonderfully for us.
So wait for the next episode. Anyone want to buy a park model? Let me know. :)