Quote:
Originally Posted by XAntoftheSkyX
Even with buying a camper, he will still have a sizable amount of cash from selling his house, depending on the other factors. If he sells for $400k and let's say the camper costs him $50k, that's still $350k he has to reinvest elsewhere, pay rent, etc. plus any other forms of income he has. Even if things don't work out, as long as he has his head somewhat on straight, he can at the least take the money from the sale minus the camper and any other expenses and make an offer/down payment on a new place. Which can include selling the camper which will recoup at least part of it's value, even if it depreciates like all other vehicles.
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Exactly. We each have the equity from our original homes. I put the entire down payment on this one and his rent will be half what he pays for his mortgage now. He will have a ton of equity left after buying a $40K camper. He also wants to buy some acreage in the woods where he can hunt and keep the camper. That's his choice.
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