{"id":4568,"date":"2021-07-31T13:32:01","date_gmt":"2021-07-31T20:32:01","guid":{"rendered":"https:\/\/financegourmet.com\/blog\/?p=4568"},"modified":"2021-07-31T13:32:06","modified_gmt":"2021-07-31T20:32:06","slug":"house-poor-rv","status":"publish","type":"post","link":"https:\/\/financegourmet.com\/blog\/news\/house-poor-rv\/","title":{"rendered":"House Poor Family Trades in For RV"},"content":{"rendered":"\n<p>While this isn&#8217;t my usual fare, this recent article on CNBC struck a chord with me, and not necessarily in a good way.<\/p>\n\n\n\n<p>Not a bad way either, but&#8230; odd?<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2021\/07\/30\/why-this-family-traded-a-5-bedroom-house-in-california-for-an-rv.html\" target=\"_blank\" rel=\"noreferrer noopener\">This article<\/a> details the troubles of a family that had a $4,200 per month mortgage on their home in California. Couple that with a paragraph about $110,000 in student loans, and you&#8217;ve got yourself a clickbait ready, shareable <a href=\"https:\/\/financegourmet.com\/blog\/category\/personal-finance\/\">personal finance article<\/a>.<\/p>\n\n\n\n<p>Here is the weird part. The article, as all of these articles do, leaves out a lot of the details that likely make this a one-off article that isn&#8217;t shareable, or doable by pretty much anyone. For example, there was a months-long road trip that has now lasted over a year. That&#8217;s cool. Where does son Aiden (8) go to school?<\/p>\n\n\n\n<p>There&#8217;s also the part about how it &#8220;helps&#8221; that neither parent had traditional 9 to 5 jobs. You mean, it&#8217;s absolutely essential that they don&#8217;t have 9 to 5 jobs, or at least that they can be full-time remote.<\/p>\n\n\n\n<p>Lastly, while living in an RV cut their living expenses from that $4,200 mortgage, the RV that they make this lifestyle work in was apparently <strong>gifted <\/strong>after the initial purchase of what must have been a VERY modest $14,000 RV (go ahead, <a href=\"https:\/\/www.rvtrader.com\/rvs-for-sale?price=*%3A14000\" target=\"_blank\" rel=\"noreferrer noopener\">search what kind of RV you can get for $14,000<\/a>). Unless the family gets gifted a another RV down the line, one wonders how well the standard RV holds up to the wear and tear of a family of three living in it full time. The repairs, and maintenance will not only add up, but unlike the house, that RV&#8217;s value drops every year, and with every mile driven. Hopefully, the family has another way to build wealth for Aiden, a concern in paragraph one that disappears as the story goes on.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/financegourmet.com\/blog\/wp-content\/uploads\/2021\/07\/13000-rv.jpg\" alt=\"live-in-rv-save-money\" class=\"wp-image-4569\" width=\"768\" height=\"462\" title=\"\" srcset=\"https:\/\/financegourmet.com\/blog\/wp-content\/uploads\/2021\/07\/13000-rv.jpg 1024w, https:\/\/financegourmet.com\/blog\/wp-content\/uploads\/2021\/07\/13000-rv-300x180.jpg 300w, https:\/\/financegourmet.com\/blog\/wp-content\/uploads\/2021\/07\/13000-rv-550x331.jpg 550w, https:\/\/financegourmet.com\/blog\/wp-content\/uploads\/2021\/07\/13000-rv-768x462.jpg 768w\" sizes=\"auto, (max-width: 768px) 100vw, 768px\" \/><figcaption>This 1989 RV with 62,000 miles goes for $13,000<\/figcaption><\/figure><\/div>\n\n\n\n<p>While it&#8217;s true you don&#8217;t want to be house poor, if you have the ability to move into a traveling the country RV, then you have a lot of options for reducing your housing costs. I often marvel at the <a href=\"https:\/\/www.trulia.com\/blog\/big-houses-for-sale-under-400-k\/\" target=\"_blank\" rel=\"noreferrer noopener\">near mansions available for what would be a $1,000 per month mortgage in small towns across the countr<\/a>y. Of course, unlike some of the details left out in this article, I still have kids going to schools they love, a wife involved in this particular community, and if I&#8217;m not too proud to say it, I kind of like a lot of <a href=\"https:\/\/fun-denver-attractions.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">what the Denver area has to offer<\/a>.<\/p>\n\n\n\n<p>So, I guess we&#8217;ll continue on with our $2,400 mortgage, building equity and strong roots. Maybe later, we&#8217;ll buy an RV and use it for vacations, but probably not living in. I think we&#8217;d all rather use the equity we&#8217;re building for a beach house or something.<\/p>\n\n\n\n<p>Happy Saturday, all.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>While this isn&#8217;t my usual fare, this recent article on CNBC struck a chord with me, and not necessarily in a good way. Not a bad way either, but&#8230; odd? This article details the troubles of a family that had a $4,200 per month mortgage on their home in California. Couple that with a paragraph about $110,000 in student loans, and you&#8217;ve got yourself a clickbait ready, shareable personal finance article. Here is the weird part. The article, as all of these articles do, leaves out a lot of the details that likely make this a one-off article that isn&#8217;t shareable, or doable by pretty much anyone. For example, there was a months-long road trip that has now lasted over a year. That&#8217;s cool. Where does son Aiden (8) go to school? There&#8217;s also the part about how it &#8220;helps&#8221; that neither parent had traditional 9 to 5 jobs. You mean, it&#8217;s absolutely essential that they don&#8217;t have 9 to 5 jobs, or at least that they can be full-time remote. Lastly, while living in an RV cut their living expenses from that $4,200 mortgage, the RV that they make this lifestyle work in was apparently gifted after the initial &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"House Poor Family Trades in For RV\" class=\"read-more button\" href=\"https:\/\/financegourmet.com\/blog\/news\/house-poor-rv\/#more-4568\" aria-label=\"Read more about House Poor Family Trades in For RV\">Read More<\/a><\/p>\n","protected":false},"author":1,"featured_media":4569,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[890,600,934,356,361,980],"class_list":["post-4568","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-budgeting","tag-house","tag-lifestyle","tag-mortgage","tag-mortgages","tag-rv","no-featured-image-padding"],"_links":{"self":[{"href":"https:\/\/financegourmet.com\/blog\/wp-json\/wp\/v2\/posts\/4568","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/financegourmet.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/financegourmet.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/financegourmet.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/financegourmet.com\/blog\/wp-json\/wp\/v2\/comments?post=4568"}],"version-history":[{"count":0,"href":"https:\/\/financegourmet.com\/blog\/wp-json\/wp\/v2\/posts\/4568\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/financegourmet.com\/blog\/wp-json\/wp\/v2\/media\/4569"}],"wp:attachment":[{"href":"https:\/\/financegourmet.com\/blog\/wp-json\/wp\/v2\/media?parent=4568"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/financegourmet.com\/blog\/wp-json\/wp\/v2\/categories?post=4568"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/financegourmet.com\/blog\/wp-json\/wp\/v2\/tags?post=4568"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}