So here's my situation. I just got a job in Boston, but rents there are out of control--$1200 to $1400 a month for a shoebox. I'm thinking it might be a good idea to buy a house, but my feeling is that after the election they're going to start printing money to pay for this Iraq war, inflation is going to shoot up and the housing market will collapse, which makes now the WORST time to buy a house.
A friend of mine then suggested that I just buy an RV and live in it! Sure, it depreciates, but I can get a macked-out RV for less than Boston rent, and at least at the end I have an RV. I'd have to get rid of a ton of furniture, but hey, perhaps that's a good thing.
So what am I overlooking? Talk me out of this, people. Tell me why this is a bad idea.
--Andrew
A friend of mine then suggested that I just buy an RV and live in it! Sure, it depreciates, but I can get a macked-out RV for less than Boston rent, and at least at the end I have an RV. I'd have to get rid of a ton of furniture, but hey, perhaps that's a good thing.
So what am I overlooking? Talk me out of this, people. Tell me why this is a bad idea.
--Andrew