RV INDUSTRY APOCALYPSE IS A PAINFUL REALITY - RV BUYERS ARE GONE - RV MANUFACTURERS GOING BANKRUPT
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The RV companies are building trash. They did this to themselves. And campgrounds charging $70.00 per night doesn't help.
Even tent camping rates are bad now.
$70 a night, thats ridiculous. How is that suppose to be a better alternative to renting.
They're built out of wood. Going down the road, they flex, crack, leak and rot.
@@RR-bz1gx - $70 is actually pretty cheap. You can spend a whole lot more at a lot of places.
💯 A lot of campgrounds started pushing for the RV drivers and creating more spots for rvs instead of tent campers. That made the camp sites go up. It has been a crazy 4 years.
Those $600k motor-homes were only $200k just 15 years ago, poor quality and greed are killing the RV industry faster than the economy.
Only $200,000???
Wow. We’ve been brainwashed. Besides the Chaffee, These rigs are aluminum and styrofoam. They are not worth $200,000
Exactly... the thing is its not just these guys. Every company is out to full on rape the consumer, minus the customer service.
Not every RV is a custom coach bus.
Poor quality, greed and CORRUPTION are killing ALL industries
I still don’t get how the stimulus checks for$600.00 to maybe $2,000.00 caused crazy purchasing of products. Mine went to bills and food!
Mine went to silver. Every penny from govt I turned into silver.
Some people received huge un employment checks
Ppp er loans! Hunters Hooker got a million $ govt error loan
@@SalvatoreScardino-mi6jq So did Ivanka and Jerrod
Just looking at these interiors you can tell they are not built to withstand the road. Anyone who bought without educating themselves on all aspects of RV ownership will pay the price.
The quality control on these is garbage. Nothing but a maintenance nightmare.
How many defaulted on those vehicles?
Everything rattles loose or peels off. Total junk
my cheapo coleman has been great, its a shack on wheels genius, what do you think is going to happen? if you are 400 pounds and can't do the maintenance and destroy this thing with your weight alone, that's entirely your fault.
They are all junk and over priced by 10s of thousands of dollars.
This is quality of explanation of these garbage maintenance nightmares !!! ! !!! Thank you . Pwy.
Word is out that RV's made the last ten years are crap and that's why no one is buying them.
Cars are crap and yester-century technology. Yet I see so many stupid-mobiles lacking rear doors, or apparently lacking mufflers as loud as they are. And I can not imagine why I should want a flimsy noisy hot tent on top (convertible)?
I bought a 20 year old Fleetwood discovery...works perfect...
RV Industry did it to themselves. Nothing kills an industry like delivering problems to their customers.
Plus, total crap customer service
@@TravelsWithSophiaAgreed. F'em.
I heard quality control is poor. They don’t do thorough inspections before they sell the rv.
There are not enough people wanting to buy all of the RVs for sale right now.
The customer service is horrible. Camper’s World sucks. As soon as you get the RV off the floor, no one wants to talk to you.
The target market, middle class blue collar high earners have disappeared. The middle class is destroyed.
Vote dem, go broke.
Gosh, I’m an entrepreneur & have also been working since I was 15. I haven’t voted Rethug since 2000. I’m doing just fine financially 🤷🏼♀️
Democrats want a peasant class to rule over with no pesky middle class pointing out their bad policies.
@happysheepies7321 this isnt about you.
@@wilsontexas but I voted Dem and haven’t gone broke 🤷🏼♀️
A $2000 stimulus check has nothing to do with purchasing any of these RVs.
Family of 5 with 2 adults. 14,000.
@@aliekatsmomit was 1400 for adults and 600 for children. (5x600) + (1,400x2) = 5800 not 7x2,000
@@aliekatsmom I didn't get jack.......I was self-employed and have been most of my 35 yrs as an adult. The whole scenario created was to put the middle class out of business and to throw some currency into the system to keep the dollar circulating......but most people are dumbed down and do not understand anything.
@@waydewilson4457family of 5 = 2 adults and 3 children?
😊@@aliekatsmom
I was an RV transporter for 3 years i just want to tell everyone most of these RV's would have issues like cabinet doors falling off , tv's mount brackets broken , drawers broken by the time we got it to the dealer . Total junk people , not worth the cost or headaches. And when i worked for the industry we ( transporters) were treated like crap. I absolutely despise this industry for how they treated contractors and fyi they do their customers the same way. Dont expect any respect or professionalism after you dump your money your not going to get it.
Buying use makes sense to me .All the suff is fixed by then .But sometimes the bad is done ! Roof or Foor 😮
I'd like to buy one for $5000. Maybe put it on a piece of land, etc...
Sorry to how it is as a business, it sounds similar to the auto sales business but
on a smaller scale.
You make a great point. I was s working RVer 2000-2009. Saw many new RVers returning their units for warranty work. Even though the parts and service were free, they paid hundreds on fuel, motels, food, time just to get the RV back n forth.
YOU are not wrong!
Shame on them for treating their contractors like crap. I guess we should not be surprised, should we?
Buyers were not doing their research. The knowledge was out there at their fingertips, but they were not investing the time to find out it was nothing but junk. You have to buy an older, high end RV if you want something that was decent...assuming it was maintained properly. That's another big problem affecting the used market. People spend this kind of money on something and then neglect maintenance and repairs.
My brother retired 2020 sold everything & bought a 45ft RV and made it his permanent home with his gf and 2 dogs they use to keep it on the road 9 months of the year now it’s parked 9 months of the year can’t afford fueling both tanks now
Nor can afford to sell it probably:(
FJB
And now they have to pay higher rent/mortgage.
The sell everything phase is a huge mistake.
@@sockmonkey22What's Joe Biden Got to do with this. That's your personal Hate. Because it ain't doing nothing to make your Life Better your life still the same. The Thing is Trump Cult Supporters go around Spewing all types of hate foul language but if you say that about Trump y'all ready to fight hurt and kill go get a damn life man. Political ain't saving nobody
Dude has an attitude! These products are garbage and people are recognizing that!!!
You talking about the Salesman inside right because I felt that Attitude
Rv warrantys are a joke. They never stand behind any of them no matter the brand.
The RV industry is getting exactly what it has earned. They are building garbage motor homes and charging hundreds of thousands of dollar for them. If you buy one and it doesn't start falling apart on the first trip you take, count yourself as very lucky.
sounds like EVs
A painted turd is still a turd. Don't waste your money.
The factories likely are cynical forms of shell companies.
Those RVs are big money pits . Just like boats , big homes.
Y'know, I'm not worried whether or not these opulent land yachts sell or not. I'm living the American Dream: everything I have I own free and clear, my house is 100% equity, no property taxes. I live below my means and earn more that I spend, so I can bless others less fortunate.
You might call me a bad American because I am not a huge consumer, and therefore don't support a debt-based economy, but I sure do sleep good at night.😊
how can you have no property taxes?
I second that. @@Tatiacha
@@TatiachaDepending on state, no (or reduced) property tax is a VA benefit.
That's the way to do it. Just paid off my credit card debt and realizing what a weight that's been on me. Now all that money goes to savings. If you don't have the cash, you can't afford it.
@@joshuawilliams2409 Im a vet and house is paid for--reduced property tax--just the dog and me. We get $813 a month and just get by.
How many Veterans of WW ll are still with us? Long live and salutes to you all.🇱🇷
I came close to buying a used 25 foot rv trailer for $13,000 to pull behind my suburban. My gas mileage would drop from 17 to single digits. Plus parking costs at KOA;s . Found it better to pay mom and pop motels around $50.00 per night. .
This is what is happening, all of the mildly-wealthy suckers who bought these RV's 10 years ago and took out 40-year long essentially mortgages for them are now realizing the horrible mistake they made and trying to dump them onto the every day working person. Don't fall for it.
Good luck finding safe and clean mom and pop hotels for fifty dollars
$50.00 a night? Enjoy the bed bugs.
50 a night does that include the meth dealer part for using it as a front
@@gprimbsHaha yes, $50.00 per night for a fleabag motel, no, not me, and where are these, East Cleveland, East St. Louis, or some dangerous crime ridden areas, no, not me,and the bugs, prostitutes, pimps, and more human vermin, haha
High prices and high interest rates for low quality is what's killing the industry.
Im still driving my 37' 1989 Class A Fleetwood. Only because it was a quality build back then, for an RV. And I've remodeled the enterior a few times to suit my taste. Repowered it to diesel 20 years ago so it gets 14 mpg!
These new RV's are a junk..... only a fool with more money than he knows what to do with can afford them. But an RV is a money pit, so buyers either need deep $ pockets or be real handy at repairs. My big Class A has been my hobby so I have maintained it from the day I bought it. And thats why I still own it.
If half of the Salesforce is sitting inside the only air conditioned RV watching sports, then I would be firing those sales people
Just wait six months to a year, and you will see prices plunge. When you are under economic stress, the first thing that goes is the RV.
That’s what they said last year about cars, houses and RVs. I’m still waiting.
And fine dining.
Van Life and RV people are dropping out because campgrounds are too expensive and it is to much work.
Thats because they are all pansies
Yes the campgrounds got very pricy, that what killed my dream of RV life. Forget it now.
Cost of gas and tires and repairs. $$$$$
@@LilyGazou, it adds up fast. Campgrounds make you move ever 30 days.
Government land is free for 14 days at each place. Boondocks do this. No utilities.
Why spend $100K on an RV when I can really screw myself by buying a new piece of crap electric truck?
lol ya you mean those ford trucks that cost 200,000 for something that should be 20 to 40 k
😂
🤣🤣🤣
One of the few you tube stars paying respect for our veterans. Another reason we love u JB
had me worried foe a minute - thought you ment Joe Bidum
@@Jeanie363034 lol, nope not me. As a matter of fact I don’t think that guy has anything likeable about him. Maybe Hunter likes him because he gets him money and drugs.
I drove past multiple dozens of RV companies on a trip from northern Wisconsin to southern Texas, all the lots are jammed full.
Who can afford a RV right now?
I think Blackrock should buy them. Wow that's sad.
🤑😡
@@someoneout-there2165 , and even if you want one, the used ones are being given away. Why buy new?
Nobody got a stimulus check for two thousand dollars and bought an RV like that..
As a retired park ranger 30+ yrs. We called them plastic pigs. These things just constantly eat money. Then most of the people who had them, b%÷ch about paying camping fees to camp. 😂😂😂
Absolutely..
There was a time when camping was free, paid for by logging. Now the USDA hires horrible camp hosts that cost 100k a year to enforce crazy rules like camp wardens at Stalag 13. No thanks to them, dry camp self-contained and stay away from them.
200 grand for something that can get a flat tire? No thanks!!
Or stolen.
@@kat517they give me one of them I found me a piece of land take the tires off and put up on cylinder blocks using it as a tiny home
There are lots of less expensive models.
😂
@@thefarmersdaughter8235 and those less expensive models are garbage anymore.
They charge 100k to a million for these RV's. They are way over priced and deserve to not sale due to their greed!
Crap construction.
@@TravelsWithSophia Not all but you are going to really pay for a good one. Only ones I would trust I can't afford anymore and they would be Liberty and Newell. Sometimes you can find a good Country Coach
Everything is happening around everywhere because people have stopped serving God and some think they are thier own little god, all anyone has to do is read 2 Chronicle the whole thing and see how many times a King would go and start worshipping images etc and leave the one true God of Abraham, Isaac and Jacob then lose all of the prosperity God has given to them and at the end thier life as well, I pray for everyone to start praying for God to have mercy on us 🙏 ❤️.
Amen! And know Jesus Christ as Lord and Savior (1Corinthians 15:1-4)❤ He is the way, the truth, and the life. No one goes to the Father but through Him (John 14:6).
And because Biden got Selected .
ya its even more apparent how evil greed is. Stay safe sister of God.
Hail Satan....
I pray lord to show medinadan the foolishness of his words. May you open his heart and show him the path away from the influence of this world. May he be filled with your spirit so he may change his mind and come to the truth.@@medinadan
These guys are the first one to go of business when a recession shows up and here it is.
The RV industry have priced themselves into bankruptcy. Practicality couldn't be avoided.
Grand Design is having serious problems with their Lippert frames. They designed them, Lippert built them, & the weight on the frames are causing flexing and the welds are breaking, the pin box on the 5th wheels are moving and causing all kinds of damage.
As soon as you buy and drive anything off a dealer lot, you can kiss at least 20% of your purchase price goodbye.
On these its like 45% off the lot. 😆 😂
Not if you plan to keep them for 20+ years. That's the only way any of the expensive stuff pans out.
During COVID my Yahama jet skis where appraised 8,000 higher then New for my TAX
@@dr.dfargo2921 Assessed? by who?
sorry that saying is for a car... an rv you lose 100% of your purchase price for an RV
Love the walk throughs you do, shows the real world REALITY.
I’m a Vet, Thanks JB!!! I really appreciate it 😀
Thinking of my Dad who served during the attack at Pearl Harbor: Dec 7,1941.
As a veteran God bless him, the greatest generation. All gave some and Some gave all.
Your father sounded he was a hero. God bless brother 🙏🏻
❤
Let's go Brandon
God bless, the greatest generation!!?
I'm not an expert with RVs, but if you spent $200,000 on that one rig, and it's 10 years old, many RV parks won't allow RVs older than 10 years old!!! Lol
RV parks don't allow old clunkers. Older, high-end rigs - no problem.
Some of us kept working and paying rent and only got one stimulus. So I don’t think all of us came out so well.
We have never gotten a stimulus check.
@@mikelee6936it's just a stupid republican talking point, what do you expect
We almost bought a fifth wheel this year had planned on putting it on a site to vacation at thru year. Luckily I investigated more and found that the cost is outrageous! We are not willing to pay someone 5,000 or more a year for renting their land. Hell no. People wasting money everywhere
ya its crazy.... the big corps started to greed and rip people off. Then everyone decided to start ripping people off. All the way down to the very food we need to buy we are being grinded into dust. Extorted by any good or services you need to buy.
What about the people who are buying RVs because they can’t afford a house?
There always be a bunch of folks doing that, cheaper than rent
They will be overpaying for very poor quality junk.
🏳️🌈
if you can buy a RV you can afford a house.
rv living isn't necessarily cheap
One knows that the market has fallen out when you can get a park space at a national park. That hasn’t happened for five years!
JB, as a Veteran, I appreciate your acknowledgement of our service. Thanks for posting.
Thank you for your service!
Thank you!
I think Blackrock should buy them.
🤑😡
JB has great values and respect for Veterans and respects religion too.
JB should run for office, simple values for leaders, and many lack these two
important factors.
A lot of the problem with rv sales right now is the banks wanting 8-18%apr
Most times it's not the banks , the banks approve you at about 5% then the dealership turns around and says the bank is charging you 12% It's all dealer mark up fees to make way more money on each unit sold !
As others pointed out, it beats rent, property taxes and homelessness. Parking can be free most times.
People just need to stop spending money on bullcrap. That’s why savings are at all time low and dipping into their 401k. Like Tyler Durden said, “we work jobs we hate, to buy things we don’t need, to impress people we don’t like “.
Whats the first rule of fight club?!
Nice
I need food and cant afford it either. The whole world is out to crush and destroy anyone who is not mega rich. They want us as slaves totally dependant on the system we slave for.
An RV dealer once told me the manufacturer marks up the price 30% to the dealership and the dealership marks it up another 30% or so.
So a $100,000 dollar rv costs about $30,000 to build
And they are just a piece of worthless junk.
Your math does not make sense. For example if the RV costs 60,000 to build they mark it up 30 % that would be $78,000 and the rv dealer marks it up 30 % that would then be about $ 101,000. So your original 30 k cost to build estimate was way too low.
Never trust a dealer bro 😬. If your buddy says his dealership markup is only 30% then the manufacturers cost is more like $50,000 to build and the builder marks it up 53.85%. that would bring it to a total of $100,002. I am just speculating and maybe it does only cost $30k to build, but if that is the case then someone is making some serious profit and a bigger percentage then they will admit on a $100k RV.
@@glutiusmaximus4006 yes I know about dealers. I was just giving an example to make a point of how much markup there is.
He didn't use those numbers, but he said everything is at least doubled up to the buyer along the way.
What's your phone number JB?
My friends have two rvs. Lifelong users. But they no longer go on travel trips because of the cost of gas.
JB, you said two years ago that RVs and things like this would be on sale. You were right! I remember one of your videos when you were walking around car lots, RV dealerships, and other vacant properties for a while. You're right about many things and you get fired up about the right things.
@@user-sy7ck3ln6oanyone could have seen this coming. It's a credit bubble. What goes up must come down.
Everything ebbs and flows. Supply and demand drives markets. Nothing new and very predictable.
turns out all of the geniuses over the past 10 years weren't geniuses, it was just the zero percent loans the entire time.
I think Blackrock should buy them.
@@user-sy7ck3ln6oin part you are so far a field. But let's look at the facts. JB has been narrowly discussing these areas of the economy and has been consistent. What have YOU been doing?
Bring a Black Light to that hotel room
You will wish for your own RV
As a veteran you can say god bless those that gave their lives for your freedom. Its not a shame these men and women who died for our freedom are heroes
Business owners got the most stimulus. No one getting 2k got this. Business owners reported these things as a business loss and probably got reimbursed. I want one of these 😢
💯
Economy has nothing to do with it. RV industry did it to themselves. Doubling and tripling the prices of the RVs, quality non existent, horrible customer service (you buy $100k+ RV new, and have to return for repairs after first ride, and 6months awaiting service) and campgrounds overcharging have driven potential customers running for the hills. Also, RV dealers making you sign off every purchase basically relieving dealer from any liability. Industry did it to themselves, it’s like they genuinely hated RV customers.
30,000 vehicle repossessions a day includes all kinds of overpriced transportation on rubber tires. If it has a title it is being repossessed.
Absolutely coreect @williamfender661
How many Mobile Homes, RVs, and 5th Wheels are scattered across the US?
I never saw a r.v repo man
@@brianmatthews4149 They must just have the keys to drive away.
America is still sliding into the crapper.
Who wants to haul something around the size of a house. They're made cheap to be light as possible, yet replacing parts are $$$. If you can afford a big toy, they figure you can afford high maintenance.
Thank you for the video. I can't believe anyone would pay so much money for an used 10 year old motorhome. No wonder the salesmen are watching football games...no customers!
I think Blackrock should buy them.
🤑😡
Those salesmen should be looking for another job, not watching football games.
I own a campground. We are still sold-out for snowbird season, with several return guests buying brand new RVs since last winter. A lot of people that travel for work, have gone to RVs rather than hotels. The max size coach is 45', the ones shown here are not that big. We full-time RV'd for 5 years before buying a campground. When buying, you should expect to get 40% off the asking price. Pretty standard.
it sounds like it's as scammy an industry as jewely retailers who also have huge markups.
RV sales people are the worst.
They’re losing money each and everyday if those things aren’t sold. Taking everything into consideration the 2013 used model should sell for under $60k max.
I predict within two years housing and all these motor homes will be selling @ 20 cents on the dollar !
No. A lot lower.
two years, we will be on the upswing... they will sale again for dumb prices.
..still not worth it
I think it really depends on what RV you buy. We have a 1989 31' Airstream ($33k new) that has been an exceptional unit. We have never missed a day of camping due to breakdown and have been around the US many times. However, we have upgraded things over the years, the fridge (2009), torsion axles/brakes(2015), A/C(2019), 4-stage inverter (2021). We have always stored the unit inside/ under cover and as a classic design, it never seems to look "old". Airstream units surely have issues, but they age well and at least the older ones are fairly user friendly to maintain. The New Airstreams are overly technical and priced, but they still look good. Thanks JB for a great video and your support of veterans!!
Shut up
That’s the best way to do it. Airstreams are classics. And you could probably sell it for more than you paid.
You don’t have to buy a crap 200k motorhome to have fun with your family.
I'm using my RV for an ADU rental it already paid for itself 😎
what is ADU?
@@kenconley9642additional dwelling unit?
Very smart
@@bhargi4692 Accessory Dwelling Unit. Oregon language. It means a unit added to your home.
Do you do short term or long term rent?
If sales have dropped, & demand has dropped, why haven't the prices dropped? I say screw all the dealers and let em go bust! they have every excuse to raise prices when demand is high, but now that demand is low, they keep prices the same? They can just eat em then. I have no sympathy for them at all!
Great points
Same for pickup trucks that sit on lots for months with ADM on the sticker. If the dealer is getting scared, maybe they take the sticker off. Still MSRP. What we heard about dealer floor planning and it's costing them money isn't the truth anymore. There's still a truth, but the old truth is gone.
they keep them high so they can eat more loss.
This problem has nothing to do with stimulus, or the economy.
These are ridiculously priced junk that were overproduced .
Luxury garbage . I feel bad for the people that build them , but the manufacturer should have seen this coming . Entirely self inflicted . Greed is the operative word .
RV's and campers are selling just fine as long as they're used ones. My dad sold his RV that he himself bought used. He listed it on marketplace and people contacted him from all over the place wanting to buy it.
Where can I send you my money?? PLEASE LET ME SEND YOU MONEY!!!!
Nah even used sales are slow. but yeah this is just wealthy people dumping off their useless crap and trying to put working-class people on the hook for their stupid buys from 10 years ago now that they can't afford them. Don't fall for it.
All click bait
I think selling cheaper trailers privately, a cash only situation is what people are looking for.
I'm doing the same thing, for full time and will be parked at my son's house.
Would never go thru a dealer, cost is about 10 times more.
lol....I started watching the beginning, skipped ahead several times and the same thing is being said over and over....all the way to the end ;)
The amount of money government spends on other countries this would be a great way to solve the homeless and the needy
Not how to solve Homeless. Will only create more problems.
Buying $200k-$500k motor homes for the homeless will somehow solve the homeless problem? Sure, buy homeless people RVs worth more than many people's houses and then buy land for them to put them on, pay for insurance and repairs, nevermind the fact most people can't afford these, but the homeless somehow deserve them. Ridiculous.
So that's what happened to Tom Cruise (black shirt) and Bryan Cranston (brown hat). Selling those RVs is like mission impossible while the industry is breaking bad. See what I did there?
I really don't mean to be rude, but you can buy a semi truck for 30% of what you stated. You can buy a good, dependable HDT for way less than a new pickup truck.
Also I'd buy a 53' used reefer trailer and convert it INto a MOBILE ABODE.
ya no shit... you can build something like this for 20k work on it yourself and actually make it quality. if you put another 20k into it it will be luxuary. These people will take something that costs 15k to build and want 150,000 for the sale price. They have no shame and no soul.
Only boomer retirees could afford those overpriced RVs. Millennials and Gen Z figured out instead of wasting money they don't have on an RV, it is much cheaper to buy an old van or school bus and convert it.
Millennials overpaid for houses
You forgot about Generation X
Those Genz don’t need to buy a house or RV since they are living at home…permanently!,
These rvs are junk these days.. You'll be fixing it more hours than using it
And it takes them days or weeks to get it done.
And the RV’s were brand new! The RV industry is notorious for very low quality workmanship. They often glue and staple these things together super fast and they leave the factory with all kinds of ticking time bombs aboard them which will soon break once they’re bought and used.
That is what happens when preachers tell people that you can do anything you want including being a lousy employee because god is all that matters and he will forgive you of anything
Love your onsite tours that show real cost. RV's are made with cheap material. I bought brand new one. Problems from beginning. Glad I sold it.
The delusional zombies out there are about to walk off a cliff and most have no clue.
I hear 90 percent of these built after 2018 are glue and staples on a rolling chassis coming unguled and unstapled as they roll down the road.
oh man you would not believe... some of these things are coming undone on the lot. I was inside one the other day where the panels where(like you said held by staples) totally hanging off the wall. They wanted 45,000 for it. I should of bought some crack and found the owner of the RV place. Im pretty sure he loves to smoke that crack trying to rip me off.
Yes glue! Looked at a small pull behind for use as working on my place and it reeked of glue. Serious off gassing. I just walked right back out and told sales guy he better leave it open before someone drops inside it. Getting worse, not better. I did NOT buy one anywhere.
One of the worst decisions I made was that I bought a 5th wheel, nothing but junk. Sold it and the dually last year.
The RV collapse is the least of out worries.
Just a bellwether
I think Blackrock should buy them.
🤑😡
Facts 😂😂😂
What is the worst of our worries?
@@jazziered142food prices!
" We fought the wrong enemy" General George S Patton, shortly before he was assassinated.
Exactly. Someone has noticed.
Thanks for saying that about George! I hear that from few people because most people think their government loves them.
@@rdred8693 A lot of people are starting to wake up and notice.
@@randallkohn6089 A lot of people are starting to realise we have been taught an inversion of history. Particularly about the second world war.
Let the noticing continue!
Unlike cars and pickups no lemon laws cover these things.
The RV movement was strong as an alternative housing option more so than a disposable income for vacations option. The problem is by the time you do the math for the RV payments + campground fees most aren't coming out any further ahead than renting even though they own a dwelling, maintenance costs can be high and not as many places as people think to park them freely or cheaply ground them to a power source. Plus the whole plumbing thing gets old: crappy water pressure, lots of flushing needed (ahem Christmas Vacation reference). If you are young, can work remotely and have a handy partner it's a solid option, problem is that's not the majority of the population.
WELL SAID!
One reason they’re not selling and they’re closing is the Big problems previous owners are having. Cause the company is delivering CRAP
Almost like buying a boat, you have to gas it up, buy provisions for the day , ( fishing, lunch, snacks, drinks, ) then have the time to spend 10 hours on it to relax
I had two sailboats and you don’t buy gas but the dock fees will kill you. Nothing is cheap now but air.
I remember the RV/Boat Apocalypse of '77-78. Gas went from..40 cents a gallon to $1.50. I knew a guy who had sold camper trailers since the '40s who closed up shop.
People take the gas supply chain for granted. I am old enough to remember the gas shortages of the 1970's.
@@Juergen732 You are not alone. I am always amazed how the price of gas goes down and immediately the vehicles get big. Then the price of fuel goes back up and vehicle size shrinks again. It's as if most people have no memory and respond only to the Right Now.
Some of this is because of the hidden expenses.Not to mention the fact that some of these companies give a lot of people the runaround about warranties because of poor workmanship! Better off buying an old bus or box van and making your own getaway vehicle.
Have to remember that motor homes have higher labor rates when it comes to repairs because there a lot harder to work on. Not many things are not accessible.
big risk Mechanics are hard to find so are vehicle parts
The sticker shock on your guys face after coming out of that decade old 180,000 rv was priceless! I was just as shocked. I guess their goal is not to sell anything.
Does JB have a phone number?
The thing is, even if you can't afford one of these, a sales and finance person will twist everything to get you to sign a loan for one, so these guys are right, even if you could barely eek into buying one, it would be a horrible decision. Whoever is selling these things is just trying to offload the cost onto some unsuspecting working-class person to eat the payment.
Yep...I assume these dealers are mental patients just released from the asylum. 😅😅
This seems like poor business sense.
The rigs that are 6 years old were not purchased with stimulous payments, only the newer models.
So tired of those RV dealers ruining people's dreams.
Same with airbnb. Our friends run an airbnb, rent out a room. Doing it for years. They have been averaging 1000-1300 per month. About 4-5 months ago this dropped to 100-200 per month and its stayed there.
of course people had to go back to work, many companies stopped allowing so many people to work remotely. can't RV and airbnb all over while working if you are required to be at the office
Thanks, JB. I considered it a privilege to serve many great memories. God bless them all.
When a boom ends, it ends. Sales are down 50% from what? People went back to work. Housing prices will drive future RV sales.
Fuel is barely higher than pre-covid.
Poorly made product, expensive maintenance, horrible customer service and people have already bought what they wanted a couple of years ago. Camp sites crowded and expensive. Why trade up or get into camping when you hear about all that. Economy isn't that bad, but the RV industry self destructed because of their greediness and own stupidity.
These aren't RV's they're glorified mobile homes. Drive down the road at 60mph and you're surprised when it falls apart. Can't find a campsite, people living and working remote.
RV's are interesting because it signals the peak before the economic fall. They're the "we need something to spend our money on" purchase versus saving that money. I wonder if we'll start seeing RV repo's.
Just because the RV market is collapsing (or used vehicle market is collapsing), it doesn’t portend an economic crisis. The military industry is booming. Retail is still strong. People are still spending on conspicuous consumption items (look at your local Starbucks or Apple stores). What’s happening is a combination of a generational shift and retooling of our economy. Baby boomers are retiring (many that retired during the pandemic might have splurged but there are a lot of boomers that did not save enough for retirement and the RV industry was counting on the boomers for unrealistic sales). The next generations are smaller and more likely to spend on experiences rather than toys. 🤷🏽♂️
Bought my van based motorhome last year. Breaks down every trip. Makes for a awesome marriage. Thanks RV industry
After looking around for campers it’s best to get a utility trailer and outfit it or van even an old uhaul . We outfitted a utility trailer for our needs and it’s perfect. We have a fully insulated 7x14. With house hold quality WiRing plumbing and .its not hard to do . Total was about 8500 with included 400amp hour battery setup as well . I had a bigtoy hauler once upon a time . The quality was on par with other ones . They are all cheaply built .
I love these videos at the shows and dealerships. Very insightful, JB. It's great to see the OX out there too!
I see zero of these on the roads
Yes, its this is very insightful and a time saver. I can just watch his video and get a snapshot of prices without wasting my time driving to a dealer and actually kicking tires just to be sticker shocked out of the dealership.
RV stands for Regret Vehicle because you always regret buying it.
The roaring 20’s are over.
Why did they think it wasn't going to slow down, covid sales wasn't going to last forever. And why you think the little money the government sent out was enough to buy a over priced RV is beyond me? They raised the price of all rvs during the pandemic, for rvs that were sub-par quality at best. Lower quality for more money.
Theyre beautiful but those prices are crazy.