canttellu
Pennsylvania
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Joined: 09/07/2008
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I see Flexsteel has announced the closing of the Lancaster PA plant, and the same with the plant in Indiana. The price of fuel marches on.
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Capt Skup
Southern Maryland/Nantucket
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Joined: 05/14/2004
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I don't think it is the price of fuel that is affecting the rv market near as much as the housing market. The source of funding many use, pulling equity money out of their houses is no more. Many now ower more money on their houses than what they are worth. Especially if they bought during the height of the market price surge. Homes are not selling, so those that would sell their home to go fulltiming in the later years of their lives are now still in those unsold homes. I think that is why the motorhome market is being affected much more than the other types.
Capt Skup
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03FatBoy
Topeka, Ks.
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All I can say is that I'm extremely happy and we're very lucky to have sold ours before the crunch hit hard. The down sizing plan has been going on for about 4 years now (when we decided to fulltime). Sold our single family, bought a duplex and sold, and now live in an apartment. We're ready to GO!!
Melissa & Steve (MNC USNR retired)
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SunflyerA
Andover, Minnesota USA
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Capt Skup wrote:I don't think it is the price of fuel that is affecting the rv market near as much as the housing market. The source of funding many use, pulling equity money out of their houses is no more. Many now ower more money on their houses than what they are worth. Especially if they bought during the height of the market price surge. Homes are not selling, so those that would sell their home to go fulltiming in the later years of their lives are now still in those unsold homes. I think that is why the motorhome market is being affected much more than the other types.
And what affects the price of housing if not the price of fuel? This is the root cause for many ills.
sunflyer
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wa8yxm
Wherever I happen to park
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Capt Skup wrote:I don't think it is the price of fuel that is affecting the rv market near as much as the housing market.
I think there is a tie-in between the two costs.
As fuel goes up in price SO DOES EVERYTHING ELSE.. The reason, Trucks run on Fuel and if you got it... A truck brought it (Exception for motor homes which may be "Self delivered" (Driven to the dealer) however since they are bult on truck chassis..... You might say a truck brought it.. And the components were delivered by truck to the factory)
Thus, fuel costs drive up the cost of everything.. US manufacturers in order to keep costs down are shipping more and more manufacturing overseas (Just TRY to buy a US made computer monitor) and as a result jobs are being lost.. People can no longer afford housing, roling or fixed.
IF we cut the cost of fuel, It might be better to build it here
Nothin adds excitment like something that is none of your business
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Hookum
Tucson, Ariz.
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SunflyerA wrote:Capt Skup wrote:I don't think it is the price of fuel that is affecting the rv market near as much as the housing market. The source of funding many use, pulling equity money out of their houses is no more. Many now ower more money on their houses than what they are worth. Especially if they bought during the height of the market price surge. Homes are not selling, so those that would sell their home to go fulltiming in the later years of their lives are now still in those unsold homes. I think that is why the motorhome market is being affected much more than the other types.
And what affects the price of housing if not the price of fuel? This is the root cause for many ills.
I beg to differ, the run up on the price of housing was NOT caused by the price of fuel. The housing market/credit crisis/ insolvency of banks is much deeper and started much further back than Jan 08 when the fuel started to rise in price. Our overheated housing started several years ago when builders were overbuilding, lenders were lending to every warm body that walked in the door (even if their day job was a busboy) and home owners thought their houses value would increase 10% a year and that it would continue forever. They used their home like a piggy-bank and they refinanced with no interest payments just to take that money and buy a motorhome or a boat.
Let's get real and stop blaming Exxon and Bush for the greed that has corrupted this country. I have seen the enemy and it is us.
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JUrban
Delaware
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Joined: 06/28/2004
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Hookum wrote:SunflyerA wrote:Capt Skup wrote:I don't think it is the price of fuel that is affecting the rv market near as much as the housing market. The source of funding many use, pulling equity money out of their houses is no more. Many now ower more money on their houses than what they are worth. Especially if they bought during the height of the market price surge. Homes are not selling, so those that would sell their home to go fulltiming in the later years of their lives are now still in those unsold homes. I think that is why the motorhome market is being affected much more than the other types.
And what affects the price of housing if not the price of fuel? This is the root cause for many ills.
I beg to differ, the run up on the price of housing was NOT caused by the price of fuel. The housing market/credit crisis/ insolvency of banks is much deeper and started much further back than Jan 08 when the fuel started to rise in price. Our overheated housing started several years ago when builders were overbuilding, lenders were lending to every warm body that walked in the door (even if their day job was a busboy) and home owners thought their houses value would increase 10% a year and that it would continue forever. They used their home like a piggy-bank and they refinanced with no interest payments just to take that money and buy a motorhome or a boat.
Let's get real and stop blaming Exxon and Bush for the greed that has corrupted this country. I have seen the enemy and it is us. You got it right, Hookum. Dot Com all over again. Everybody is going to be a millionaire without work, and it'll go on forever.
John
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fourfurz
Memphis
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Joined: 03/23/2008
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southpark wrote:We own two homes and lost a bundle on both
Call me crazy, but if you lost money on two homes, were you one of the speculators who helped run up this market?
Anyone who owned a home for more than 5 years before this mess is in good shape. They may not have earned a bunch of equity, but they haven't lost their shirts either.
We own two homes too, one for 7 years, the other for 3. Both are worth more than market value.
Perhaps the greed you allude to is part of your own personal problem?
This is just a guess and by no means meant as a criticism of your lifestyle or financial acumen.
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Farmerkev
Illinois
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fourfurz wrote: Both are worth more than market value.
That's obviously not what you meant to say.
Both are still worth more than you paid for them perhaps?
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newxmar
East Otis, MA
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Joined: 02/04/2004
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My guess/feeling/opinion is that about 90% of the home owners have no mortgage or have the resources to pay their mortgage because they purchased a reasonable home for themselves and their income. All the noise, bailout and economic impact/mess is because the other 10% did wrong and the government wants to bail them out/pay for their mistakes and the mistakes of others (the bankers, builders and gross speculators).
We that did right will pay (via a tax/job loss/etc.) for the mistakes of others.
PS: If the price of fuel had remained the same, we would have the same housing mess.
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