Posted on 16/02/2018 09:07
Have decided to start a new thread so not to take over the what your doing discussion.
The question / discussion is the benefit of living in a caravan on a club site and moving every 21 days to living in a brick built solid home.
For me apart from the investment angle is -Holidays away in the van, if you lived in one then it's no longer a mobile holiday home.
What do others think.
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Posted on 05/03/2018 07:44 byProbably not because I would prefer to have the money in the bank and use it to get a life! If I had a property worth half a million quid, I would prefer to sell it and have the money in the bank in cash savings. I could give up work and be fully retired and do a lot more touring.
Posted on 05/03/2018 09:02
"I would prefer to have the money in the bank and use it to get a life!"
So are you saying that despite all your previous post about how life on the open road (your quote) is great and your much better of than the rest of us because we are all tied to bricks and mortar, that it's not quite as good as you would have us believe 
2 people like this
Posted on 05/03/2018 07:44 byProbably not because I would prefer to have the money in the bank and use it to get a life! If I had a property worth half a million quid, I would prefer to sell it and have the money in the bank in cash savings. I could give up work and be fully retired and do a lot more touring.
Posted on 05/03/2018 12:15
I think the better plan, if all your assets were tied up in bricks and mortar, would be to sell that property, downsize to something half that price to keep as a base and use the other £250k to supplement the pension and spend on touring, if that was what you really wanted to do.
That way you have the best of both worlds.
The property could always be rented out if you really did not want to live in it for a long period.
However, I think you would find that most retired/older people who have homes worth £500k+ also have substantial savings and/or good pensions that mean they have no need to sell their homes to enjoy extended holidays and an enjoyable life.
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Posted on 05/03/2018 09:02 by Milothedog"I would prefer to have the money in the bank and use it to get a life!"
So are you saying that despite all your previous post about how life on the open road (your quote) is great and your much better of than the rest of us because we are all tied to bricks and mortar, that it's not quite as good as you would have us believe
Posted on 06/03/2018 02:18
I heard on the radio news this afternoon that a number of homes in Sussex and Surrey are without water due to burst pipes and other related problems because of the recent freezing temperatures. So I consider myself fortunate that I have avoided such problems by living in a caravan.
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Posted on 05/03/2018 12:15 by KjellNNI think the better plan, if all your assets were tied up in bricks and mortar, would be to sell that property, downsize to something half that price to keep as a base and use the other £250k to supplement the pension and spend on touring, if that was what you really wanted to do.
That way you have the best of both worlds.
The property could always be rented out if you really did not want to live in it for a long period.
However, I think you would find that most retired/older people who have homes worth £500k+ also have substantial savings and/or good pensions that mean they have no need to sell their homes to enjoy extended holidays and an enjoyable life.
Posted on 06/03/2018 02:24
Renting out property can also have its problems, Kj. As a landlord, you would be responsible for the maintenance and upkeep of the property and all the expense that goes with it.
Perhaps the best plan, if you really must have a house, would be equity release that would free up the money into cash savings.
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Posted on 06/03/2018 02:18 byI heard on the radio news this afternoon that a number of homes in Sussex and Surrey are without water due to burst pipes and other related problems because of the recent freezing temperatures. So I consider myself fortunate that I have avoided such problems by living in a caravan.
Posted on 06/03/2018 02:24 byRenting out property can also have its problems, Kj. As a landlord, you would be responsible for the maintenance and upkeep of the property and all the expense that goes with it.
Perhaps the best plan, if you really must have a house, would be equity release that would free up the money into cash savings.
Posted on 06/03/2018 08:07 by OneputtRenting out property can also have its problems, Kj. As a landlord, you would be responsible for the maintenance and upkeep of the property and all the expense that goes with it.
Have you ever rented out a house in the UK Malc?
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