@@KittiesandMilk I said the same thing. You don't necessarily need a huge down payment. You can get into a home work pretty cheap with an FHA loan. Definitely research it.
RV living is not bad or hard at all. We live in a 31ft with slide outs. We live in a resort with pavilion, pool, boat storage and it's 5 minutes from the beach. We pay 550 a month which includes utilities. A home on the island is around 275k. We never plan on moving. Not everything is about money and returns.
Of you are moving to a new city and just want to live there for a couple years while saving for another house I might go for it. Been full timing for three years now it's not that bad as everyone is saying.
Lots of old timers or people not versed in rv life as of recent. Times have changed and rving is not what it used to be. You can save a ton of money if you do it the right way, and live comfortably. Be in ever changing environments, always adapting to new ways, i find it to be much more exciting and thought provoking than static life in a normal house.
*If you already are a homeowner, I would hold onto that as long as you can because it appreciates in value and real estate is a limited resource (there are only so many spaces on earth for homes), so if you have it, I would hold it as long as you can financially afford to. Better idea would be to rent it out and use the rent money to live on the road while you’re in the RV traveling and while you relocate*
There’s 15 million empty homes and 600k homeless. It’s only valuable because of how ridiculously expensive living is for no reason at all other than greed. The next time the bubble bursts it’s going to ruin this greedy economy and I’m counting down the days.
@@kurtrussell5228 as a single woman wanting to do RV life, I'd rather not get a boyfriend! Taking care of a male is like taking care of a 5 year old child. No thanks
@@plants4thewin to you maybe. I live in a camper on our 26 acres and the amount of freedom is worth more to me then any mortgage in a fancy subdivision with restrictions. 🇺🇸
@@xtrm.mayhem4098 I dont think hes talking about living on 26 acres and I dont think a subdivision was even brought up, and mortgages can be paid off...but thanks for the comment that isn't even relevant to the topic.
@@djokovic1747 They can still play and be homeschooled traveling in an RV. They just have different back yards and change of scenery to play,visit, and learn.
We live in a paid for RV but do not have small children. The money is that would go to rent or mortgage is being saved. It has challenges but overall is way better yhan paying rent and having no savings
So many close minded comments. Breaks my heart. There are many people out there that homeschool and travel with their kids and they love it! Our is one of them! If we could travel and be outdoors everyday they would be! Why we choose to sell now and get a massive 5th wheel! Pay off the little debt we have and then travel while we can and then we bank cash to put up a new house on the family farm in a few years. It definitely isn't for everyone, but don't go bashing people that do when you have no idea what their family dynamic is. I loathe sports, but don't ever bash families that travel non stop for their kids sports and are never at their home. Goodness show some love DR peeps.
I get the caller's thought behind doing it and honestly, with kids that small it wouldn't be bad especially since they are moving anyway. If it were me, I would probably keep the house and rent it out though. That way they have more options if they decide it was a bad idea and if it turned out to be a good idea for them, then they have still have a wealth building tool as well.
There’s nothing wrong with Full Timers and doing it with their families. Not as a permanent solution obviously. But go ahead and get out there and explore and enjoy the RV life. Bunk houses and awesome.
I want to rent my house out and live in a camper for a year or two just to stack up some money. Is that totally crazy? Rent in my area is super high and I have a paid for house 🤷♂️
No hate toward his co-hosts, but I was watching some old clips when it was just Dave hosting the show, and man... I really miss when he ran it solo. The dynamic has changed a lot with having a co-host. I think he defers too much and also holds back a bit. It's just not as good, and it's not to say the co-hosts are bad; their presence just shifts the tone of the program and how Dave answers calls.
It’s not always fun but we are almost debt free. This December we will have paid off around $60000 in debt. Then we can get the house and start investing.
Im alone, 53, in a house i cannot maintain. Keeping a good job has been difficult. I dont have any major health problems, but im done with home ownership. Rv eh, maybe, or a nice apartment.
Here’s the answer for everyone… if you really think you can live that life and it’s something you actually wanna do then try it.. if you had your mindset on it for a while and you can actually do shit like that where it’s simple living then you’re winning because you’re saving money and you’re happy.. and you can move your house anywhere you want you can live here you can live there. Low monthly payment on a nice pull behind and you’re good to go.
I served aboard nuclear submarines in the Navy ... I wouldn't mind taking a vacation in an RV, but not living in one for an extended period of time. Plus, RVs are a depreciating asset.
@@MrCoxmic First 60 - 90 days are cool, then things start getting a bit 'tight' if you know what I mean. It's one thing to get paid to live in a confined space, doing it for any other reason is ... 🤷♂️
@@saulgoodman2018 Shut up? Really? Actually, it is a financial forum isn't it? I just happen to agree with Dave on this one. Have a happy 4th (and go get that rock taken out of your hoof)
I’ve spent four months among all types of RVers between Florida and Alaska. There are families actually doing this and eating pretty good as well. All boils down to what you can afford. The technology is definitely there as well.
What is the exit strategy? You may save money living in an RV but ultimately you will have to go back to a house when your health declines. So being debt-free in an RV means nothing as that savings will have to go towards your exit strategy.
@@blackworldtraveler3711 I think you are thinking more the traveling RV, where they are actually going places and on adventures. I think these folks plan to just park it for the long haul.
@@bettysmith4527 Traveling nurse,online content creators,online gamers,traders,etc. People living on pension,passive income,stock dividends,annuity,social security,etc. These are the type of single, couples,and families I’ve met while traveling from Tampa Fl. to Alaska in an RV for three months. Long term,short term,seasonal,months,years,etc.. Satellite and local internet, solar and all the tech they need.
how about living in a large 5th wheel for a couple of years on a few acres you bought just to have a stupid cheap housing payment to eventually build out a permanent barndominium?
Sounds like it would be a great idea *IF* this guy was single. No real reasons why a 20 something single person should have to buy a house if they don’t need all that space, and they want to travel before they settle down.
Ya. Not so fair to the small kids to inject them into what is going to be a really stressful living situation. I went nuts with just me and my hyper dog wanting to go in and out of my RV all day long. No yard... get the picture? Not fair to me or the dog. Not healthy mentally to either. Stick with appreciating assets is what my dad says....
No, RV's drop like a rock in value and they don't hold up on ware and tare and then you are forced to pay rent to park it so if the parks are full you have to move on. Sell the RV and use that money for your down payment on the house in the new City. Then move sell your current home and pay off your debt
@@LemonDropYum All I said was no need and watch the video again. Why would I care if you agree or not? They already own and live in a house. And the RV is worth $15k. Even Dave backed off from saying depreciation after he said that.
RV's are not built to "daily living" quality; for example: the cabinets are not meant to be used as often or as long as the cabinets in a home so they are built of lighter materials and will show their deficiencies much sooner.
You must be old school. RVs are build differently the past few years with higher quality materials. Even custom build from the ground up in one spot without using a production line. No more staples and glue cabinets but you can get them if you want.
It sounds like: can I severe my right hand to pay off my debt? Good intention, but you can also do it with your hand in place. Maybe he hates his debt too much, and that is adorable.
It’s not. Just traveled from Florida to Alaska in four months with RV couple and met many along the way. Like everything else buying what you can afford ( even if it is depreciating) debt free,and living within means still applies.
@@MrSteeDoo It doesn't matter where you park it, the cost is higher. We are talking RV's, an RV is meant to travel, it isn't a trailer (which is cheaper, if you want to live like trailer trash).
I feel like this is a situation of the wife thinking it’s a good idea, he probably called to prove her wrong, lord knows too many women act like this and refuse to listen to their husbands
This is the exact clueless person who should be listening to Dave. All he’s thinking is no debt not debt. Not supposed to have debt. But literally not having the intelligence to truly understand. He’s just listening not understanding.
Dave, I am 59 and need to put money away for retirement. I am thinking about selling my home which I owe 175k with a Lakeview and purchasing a small rv and still live near the lake to stash money. Please contact me if possible for advice. Single and kids are grown.
I know a couple in their late eighties, been living in a tiny camper on 3 acres for almost forty years. Happiest couple i know.
DONT DO IT. I speak from experience with a 2 year old in an travel trailer. I count the days until we are in an apartment again.
Why would you want to live in an apartment? You’re just making the landlord rich.
@@RodknockRhett that's fine with me, they for repairs and maintenance, but RV living gets old fast.
@@KittiesandMilk that's not my point. If RV living isn't for you, you can also buy a house. Just my two cents.
@@RodknockRhett Oh I wont be able to afford a house for another 10 years at least. Much like the rest of my generation.
@@KittiesandMilk I said the same thing. You don't necessarily need a huge down payment. You can get into a home work pretty cheap with an FHA loan. Definitely research it.
My wife had the same idea. She wasn’t really serious but it’s nice thinking of getting rid of all debt in one swoop like that.
RV living is not bad or hard at all. We live in a 31ft with slide outs. We live in a resort with pavilion, pool, boat storage and it's 5 minutes from the beach. We pay 550 a month which includes utilities.
A home on the island is around 275k. We never plan on moving. Not everything is about money and returns.
❤️
But, what happens when you are older and disabled? There has to be an exit plan and few look that far.
@@daynapeterson9033 Why would being disabled keep me from living in an RV?
With kids?
@@michaelh5055 it doesn’t, live your life I think that is amazing! Besides, Dave doesn’t know it all.
Children who are disciplined are a blessing wherever they live.
full timers are doing great. do it before they go into school
Facts
Of you are moving to a new city and just want to live there for a couple years while saving for another house I might go for it. Been full timing for three years now it's not that bad as everyone is saying.
Live in an RV with two little kids?! That’s insane.
Common in the RV community.
Homeschooling and everything else going on.
We definitely have the technology.
Same thing in Europe as well.
Miss Holly is high maintenance. Entitled brat
Thanks to Dave, I sold my RV to buy an insulated cardboard box. I use my 50lb bag of rice as a pillow.
That cardboard box is a depreciating asset you know? 😂
Could have saved more if your cardboard was bags of beans. :(
Sell the insulation
@@reyrey992😂😂😂
What’s the rice’s annual income?
Lots of old timers or people not versed in rv life as of recent. Times have changed and rving is not what it used to be. You can save a ton of money if you do it the right way, and live comfortably. Be in ever changing environments, always adapting to new ways, i find it to be much more exciting and thought provoking than static life in a normal house.
Instability inside a depreciating asset? I’ll pass.
People have no clue. Rv'ing is just awesome. MILLIONS do it full time. Young and old. Single or families. Get out or stay put? No brainer, imho.
*If you already are a homeowner, I would hold onto that as long as you can because it appreciates in value and real estate is a limited resource (there are only so many spaces on earth for homes), so if you have it, I would hold it as long as you can financially afford to. Better idea would be to rent it out and use the rent money to live on the road while you’re in the RV traveling and while you relocate*
There’s 15 million empty homes and 600k homeless. It’s only valuable because of how ridiculously expensive living is for no reason at all other than greed. The next time the bubble bursts it’s going to ruin this greedy economy and I’m counting down the days.
Full time Rv living is a great way to save money especially when you are single with no kids
Key word " single" no girlfriend either....you do that and rv living makes sense, you add a woman.....no no no no
@@kurtrussell5228 as a single woman wanting to do RV life, I'd rather not get a boyfriend! Taking care of a male is like taking care of a 5 year old child. No thanks
@ms. pirate makes sense 5 year olds aren't that expensive.
Taking care of a nagging hot hungry woman though.. we talking thousands lost.
See that's my situation and I was wondering if that would actually be the case or not.
*Okay but that kinda sounds fun 😂*
Do it if it’s fun, not to save money. Don’t live in a van down by the river.
Fun for a couple days, then it gets old.
It makes sense financially if you’re moving anyways. Key word, financially.
Not for 2-3 years. That sounds like torture.
@@plants4thewin to you maybe. I live in a camper on our 26 acres and the amount of freedom is worth more to me then any mortgage in a fancy subdivision with restrictions. 🇺🇸
@@xtrm.mayhem4098 I dont think hes talking about living on 26 acres and I dont think a subdivision was even brought up, and mortgages can be paid off...but thanks for the comment that isn't even relevant to the topic.
@@xtrm.mayhem4098 sounds really peaceful! I’ve been planning on doing the same. Slowly investing what I would save into building my own house.
CASEY THE SPAMMER!
Hey Dave we were watching the wild thornberries
Lol those poor kids. Glad Dave said “not a good idea”.
Met many families doing the RV thing.
For kids it’s some of the best times of their lives.
@@djokovic1747 oh okay...I see
Depends on the kids. Depends on the family.
@@djokovic1747 I don't know if UA-cam tagged you as if I was responding to you, but I was responding to the original comment. Not you.
@@djokovic1747
They can still play and be homeschooled traveling in an RV.
They just have different back yards and change of scenery to play,visit, and learn.
We live in a paid for RV but do not have small children. The money is that would go to rent or mortgage is being saved. It has challenges but overall is way better yhan paying rent and having no savings
So many close minded comments. Breaks my heart. There are many people out there that homeschool and travel with their kids and they love it! Our is one of them! If we could travel and be outdoors everyday they would be! Why we choose to sell now and get a massive 5th wheel! Pay off the little debt we have and then travel while we can and then we bank cash to put up a new house on the family farm in a few years. It definitely isn't for everyone, but don't go bashing people that do when you have no idea what their family dynamic is. I loathe sports, but don't ever bash families that travel non stop for their kids sports and are never at their home. Goodness show some love DR peeps.
I get the caller's thought behind doing it and honestly, with kids that small it wouldn't be bad especially since they are moving anyway. If it were me, I would probably keep the house and rent it out though. That way they have more options if they decide it was a bad idea and if it turned out to be a good idea for them, then they have still have a wealth building tool as well.
There’s nothing wrong with Full Timers and doing it with their families. Not as a permanent solution obviously. But go ahead and get out there and explore and enjoy the RV life. Bunk houses and awesome.
I want to rent my house out and live in a camper for a year or two just to stack up some money.
Is that totally crazy?
Rent in my area is super high and I have a paid for house 🤷♂️
No hate toward his co-hosts, but I was watching some old clips when it was just Dave hosting the show, and man... I really miss when he ran it solo. The dynamic has changed a lot with having a co-host. I think he defers too much and also holds back a bit. It's just not as good, and it's not to say the co-hosts are bad; their presence just shifts the tone of the program and how Dave answers calls.
Agree 100%
He’s the star of the show. He created this large company. They agree with him.
He's transitioning to retire.
@@kara2162 exactly what I was going to say.
I agree with your observations but I like the change of format. More qualified therapists, less American Express PTSD from Dave.
My wife and I live in a 5th wheel we remodeled. We save $1000 a week living like this.
$1000 a week???
@@LemonDropYum well if they are investing the difference, they might come out ahead compared to a mortgage
Invest that money bro!!
@@LemonDropYum exactly. They aren’t investing the difference
It’s not always fun but we are almost debt free. This December we will have paid off around $60000 in debt. Then we can get the house and start investing.
Dave you have no idea lots of people do this with kids
Im alone, 53, in a house i cannot maintain. Keeping a good job has been difficult. I dont have any major health problems, but im done with home ownership. Rv eh, maybe, or a nice apartment.
what about this situation: you own a home AND a condo, no children, could i sell the house and live in an rv and live off the condo rent?
Yes
Do it!
Here’s the answer for everyone… if you really think you can live that life and it’s something you actually wanna do then try it.. if you had your mindset on it for a while and you can actually do shit like that where it’s simple living then you’re winning because you’re saving money and you’re happy.. and you can move your house anywhere you want you can live here you can live there. Low monthly payment on a nice pull behind and you’re good to go.
I served aboard nuclear submarines in the Navy ... I wouldn't mind taking a vacation in an RV, but not living in one for an extended period of time. Plus, RVs are a depreciating asset.
At least you can step outside in the RV or go for a swim in the submarine; so, I don't know which is better...
@@MrCoxmic First 60 - 90 days are cool, then things start getting a bit 'tight' if you know what I mean. It's one thing to get paid to live in a confined space, doing it for any other reason is ... 🤷♂️
@@saulgoodman2018 No ... it's about living in a tin can permanently (in a depreciating asset) Happy 4th Saul! 😎😎
@@saulgoodman2018 Shut up? Really? Actually, it is a financial forum isn't it? I just happen to agree with Dave on this one. Have a happy 4th (and go get that rock taken out of your hoof)
@@saulgoodman2018 Oh, he's right, you just don't seem to agree. But that's OK too.
I'm with Dave. I wouldn't live an an RV even without kids. The biggest RV is smaller than a tiny house.
Step outside though, a new living room every day!
I would have moved into the RV and put the house on rent to help generate an additional income. Or maybe a lease with a purchasing option
I have read that RVs really are not designed for day to day occupancy, for one because of the moisture that builds up inside.
Wife and two kids in an RV for 2-3 years? I'd rather eat beans and rice, rice and beans.
I’d eat rice and beans everyday
I’ve spent four months among all types of RVers between Florida and Alaska.
There are families actually doing this and eating pretty good as well.
All boils down to what you can afford.
The technology is definitely there as well.
Never underestimate the difficulties of finding a place to stay at night. Unless they are going to stay at an camp ground.
Buy your own land, there are states that allow it and some that don't.
What is the exit strategy? You may save money living in an RV but ultimately you will have to go back to a house when your health declines. So being debt-free in an RV means nothing as that savings will have to go towards your exit strategy.
Well we don't all have it as good as you Dave.....
Good god, NO, especially with kids, it won't be fair to them!!!
Probably the best times of their lives.
Many families are doing this.
There are not broke and in debt either.
@@blackworldtraveler3711 I think you are thinking more the traveling RV, where they are actually going places and on adventures. I think these folks plan to just park it for the long haul.
@@bettysmith4527
Traveling nurse,online content creators,online gamers,traders,etc. People living on pension,passive income,stock dividends,annuity,social security,etc.
These are the type of single, couples,and families I’ve met while traveling from Tampa Fl. to Alaska in an RV for three months.
Long term,short term,seasonal,months,years,etc..
Satellite and local internet, solar and all the tech they need.
how about living in a large 5th wheel for a couple of years on a few acres you bought just to have a stupid cheap housing payment to eventually build out a permanent barndominium?
I think you could get away with doing this while the kids are young, but as they get older and start to want their own space, it's not going to work.
They might as well live in a van down by the river
the american dream
Ahh you beat me to the joke Hiram! Well done :)
Should have called Chris Farley the motivational speaker
Do you want to live in a van down by the river? 🤓🚌🤣Rip Chris Farley
You mean Matt Foley?
@@marksweetser6312 yes Matt Foley played by the great late Chris Farley
To be fair RVs are currently appreciating in value. Bought ours in 2019 for $30k and have been offered 45k for ours. Our house is paid off
For now...same with boats since people cant travel easy.
Yeah, right now. So are cars and trucks. Doesn't mean it's gonna stay that way.
Sounds like it would be a great idea *IF* this guy was single. No real reasons why a 20 something single person should have to buy a house if they don’t need all that space, and they want to travel before they settle down.
In hindsight- Dave was wrong. He could of sold at a high in Austin, now its tanked.
Sell the car and live in the house
Don’t do it
Ya. Not so fair to the small kids to inject them into what is going to be a really stressful living situation. I went nuts with just me and my hyper dog wanting to go in and out of my RV all day long. No yard... get the picture? Not fair to me or the dog. Not healthy mentally to either. Stick with appreciating assets is what my dad says....
Yes!
Many people are making it work living in a rv full time, I think it's the best time when kids very young.
I wouldn't do it with kids personally. Just way to crammed even if just a baby.
I agree, and Dave doesn’t know everything.
But live in a house and stay in debt. Yea makes alot of sense
Nice work 🎆✨🎇
WOW that's awesome
Living in a van down by the river
Just sell the house and buy a smaller house. Living in an RV would be awful.
Honestly I wouldn’t do it either.that’s a dumb idea to sell the house to live in a rv no room.if u were single ok but not a family
Families with kids are doing it all the time and can afford it.
Also more room for what?
It’s a family not a football team.
Not strange at all i grow up in a traveller community and this is how we lived for generations and still do.
Some of these RVs are like double what houses costs. Single person no kids no pets doable, I do it in a van any other of the above very difficult.
... when you're living in a van down by the river
No, RV's drop like a rock in value and they don't hold up on ware and tare and then you are forced to pay rent to park it so if the parks are full you have to move on. Sell the RV and use that money for your down payment on the house in the new City. Then move sell your current home and pay off your debt
Why wasn't the question sell the RV and live in the house?
No need.
Watch the video again.
@@blackworldtraveler3711 No need what exactly? stupid comment
@@thegardencity92
Whatever you say.😂😂😂
@@LemonDropYum
All I said was no need and watch the video again.
Why would I care if you agree or not?
They already own and live in a house.
And the RV is worth $15k. Even Dave backed off from saying depreciation after he said that.
Not all rvs are rated for full time living.
Friends in low places because they are obsessed with having more money...
Honor Our Nation and close down for the day Dave
Honour Our Nation and log off for the day David
He's not open today you silly goose. Someone sets up these clips during the week and they schedule them to come out on the weekend.
@@zanenewsom1152 It’s Sunday, anyway. I’m sure Ramsey is closed on Sundays.
That's no life for kids
The maintenance cost is not even lower.
"...it still goes down in value." 🤣🤣🤣
Dave ramsey is the denny Hecker of financial planning
RV's are not built to "daily living" quality; for example: the cabinets are not meant to be used as often or as long as the cabinets in a home so they are built of lighter materials and will show their deficiencies much sooner.
This is the dumbest comment I have rest this week.
You must be old school.
RVs are build differently the past few years with higher quality materials. Even custom build from the ground up in one spot without using a production line.
No more staples and glue cabinets but you can get them if you want.
@@blackworldtraveler3711 A lot of them come with hardwood cabinets. Even the cheapest ones have decent laminate cabinets.
@@michaelh5055
Yup.
They can have anything you want nowadays.
Impressive tech as well.
If you rent the house and putt additional money towards the principal, then you can live in a van down by the river.
It sounds like: can I severe my right hand to pay off my debt? Good intention, but you can also do it with your hand in place.
Maybe he hates his debt too much, and that is adorable.
Dave = Boomer jumping to conclusions.
Living in an RV is far more expensive than a house.
It’s not.
Just traveled from Florida to Alaska in four months with RV couple and met many along the way.
Like everything else buying what you can afford ( even if it is depreciating) debt free,and living within means still applies.
@Joe Gut Get out of your mom's basement
It is if you don't have a stable and reasonably priced place to park it.
@@MrSteeDoo It doesn't matter where you park it, the cost is higher. We are talking RV's, an RV is meant to travel, it isn't a trailer (which is cheaper, if you want to live like trailer trash).
Also, the minute you buy a new RV it loses 1/3 of its value. It always loses value. Homes increase in value.
Yes but only if it was the wife’s idea
Spoiled spoiled Dave......
If really you love the kids pick up extra job like Uber and Lyft don't sell your house
😁👍👌🖖✌😎
I feel like this is a situation of the wife thinking it’s a good idea, he probably called to prove her wrong, lord knows too many women act like this and refuse to listen to their husbands
This is the exact clueless person who should be listening to Dave. All he’s thinking is no debt not debt. Not supposed to have debt. But literally not having the intelligence to truly understand. He’s just listening not understanding.
Buying an RV is the dumbest thing you could ever do.
Gotto leave your oldest son a home to live in
He can get his own home later
Dave, I am 59 and need to put money away for retirement. I am thinking about selling my home which I owe 175k with a Lakeview and purchasing a small rv and still live near the lake to stash money. Please contact me if possible for advice. Single and kids are grown.
🤡