|
|
08-19-2019, 01:30 PM
|
#1
|
Site Team
Brand: Thor Motor Coach
Model: Axis 24.1 Windjammer
State: Illinois
Posts: 1,179
THOR #7074
|
An Unlikely Economic Warning Sign
__________________
Rev. Jeffrey 2017 Thor Axis 24.1 E450 Windjammer.
Silver Safe-T-Plus Steering Control
SSF-106-40 SumoSprings Solo Front Bump Stop SSR-107-47 SumoSprings Rear Bump Stop
Hellwig 7718 Front Sway Bar & 7180 Rear Sway Bar
Koni FSD Front Shocks 8805-1042 / Koni FSD Rear Shocks 8805-1043
|
|
|
08-19-2019, 01:47 PM
|
#2
|
Senior Member
Brand: Thor Motor Coach
Model: THOR Chateua 35SF
State: Florida
Posts: 5,850
THOR #11130
|
Sad that WSJ chooses to blame everything on The WH but there is an economic downturn developing and it has nothing to do with balancing the global economy. Commercial truck sales are down, the "repo-rate" is increasing and businesses are preparing for it. Thankfully, with the lessons we've learned since 2007, there will be more "stop-sticks" thrown in place to minimize the effects. The Boomers have arrived at the retirement gate with savings in hand as a result of hard work and saving money...as we were taught. If you're not re-aligning your investments for this next, mild wave, make sure you have enough time left to recover.
__________________
Now an SOB
Traded Thor for Melbourne Prestige 24NP
2018 THOR Chateau 35SF
Two Labs, Bugsie & Blondie
Blondie passed in 2020 at 5 to Leukemia
|
|
|
08-19-2019, 02:03 PM
|
#3
|
Senior Member
Brand: Thor Motor Coach
Model: 2018 24.1 AXISSIXxSIX
State: Arizona
Posts: 6,735
THOR #13932
|
I know far more boomers who are flakes, aspired only to be on disability, and are living a piss poor life than I do boomers who meet the norm of this forum.
Boomers wealth is greatly exaggerated.
A $200,000 MotorHome, depreciated to $120,000 with a loan against it of $180,000...is not wealth. But that boomer owner will sure tell you it is.
Until it's after tax cash, it just ain't.
The speculation on home values, what boomer wealth is supposedly built of...didnt pan out in 2006 and 2007. But they made new rules saying it never has to be paid back on a primary residence, just to keep the boomer myth alive.
80 percent of boomers(my guess) don't have Squat.
The 401k millionaires you read about?
Of course that's prewithdrawl, pretax, prepenalty money and is hogwash being called a million.
Cut that million in half if you're lucky when you make it cash... Lose most of it if they're not lucky.
And when reading 'boomer wealth averages' :
Remember Mr Pickens and rockerfeller, and $500,000,000 lotto winners and movie folk and sports players are counted right in there. Mr Walls heirs probably offsets 100,000 broke boomers just by himself. How many does Mr Jordan offset?
__________________
|
|
|
08-19-2019, 02:30 PM
|
#4
|
I Think We're Lost!
Brand: Still Looking
Model: Tiffin Wayfarer 24 BW
State: New York
Posts: 22,195
THOR #8860
|
The funny thing about economic recessions:
You can cause one, by eroding the public's confidence in the economy...
Which can be done by anybody with a mic and a camera!
__________________
"What: me worry?"
Good Sam Member 843599689
Current coach: Tiffin Wayfarer 24 BW
|
|
|
08-19-2019, 05:21 PM
|
#5
|
Senior Member
Brand: Thor Motor Coach
Model: A.C.E. 27.2
State: Indiana
Posts: 1,830
THOR #14698
|
Quote:
Originally Posted by Bob Denman
The funny thing about economic recessions:
You can cause one, by eroding the public's confidence in the economy...
Which can be done by anybody with a mic and a camera!
|
When Warren Buffet says the economy is tanking I'll believe it. Everybody else not so much...……...
__________________
2018 ACE 27.2
Toad 2019 Jeep Cherokee Trailhawk
Roadmaster Falcon All Terrain Towbar
Roadmaster Invisibrake
|
|
|
08-19-2019, 05:34 PM
|
#6
|
Senior Member
Brand: Thor Motor Coach
Model: 22E
State: New York
Posts: 322
THOR #12119
|
Quote:
Originally Posted by MJC62
When Warren Buffet says the economy is tanking I'll believe it. Everybody else not so much...……...
|
That's funny!
It might be too late at that point, Buffett is always bullish on the American Economy for the LONG TERM, but he is currently sitting on 125 BILLION in Cash
Use your own judgment on what that means.
__________________
|
|
|
08-19-2019, 05:48 PM
|
#7
|
Senior Member
Brand: Still Looking
Model: SOB
State: South Dakota
Posts: 941
THOR #3916
|
Quote:
Originally Posted by bry899
That's funny!
It might be too late at that point, Buffett is always bullish on the American Economy for the LONG TERM, but he is currently sitting on 125 BILLION in Cash
Use your own judgment on what that means.
|
He may be looking at purchasing Greenland as well.....
__________________
current coach
An SOB Shack called Foretravel...This will Do.
former coach
Thor Infinity
|
|
|
08-19-2019, 05:54 PM
|
#8
|
Site Team
Brand: Entegra
Model: Accolade 37TS
State: South Dakota
Posts: 8,705
THOR #1469
|
Quote:
Originally Posted by MJC62
When Warren Buffet says the economy is tanking I'll believe it. Everybody else not so much...……...
|
As long as he owns Forest River you know we'll be RV'ing. I notice he has expanded the RV models that offer an electronic safe.
__________________
Dave
US Army (Ret)
2020 Entegra Accolade 37TS
2019 Jeep Grand Cherokee Trailhawk (Toad)
FMCA - F432054
|
|
|
08-19-2019, 05:54 PM
|
#9
|
Senior Member
Brand: Thor Motor Coach
Model: THOR Chateua 35SF
State: Florida
Posts: 5,850
THOR #11130
|
Quote:
Originally Posted by ducksface
I know far more boomers who are flakes, aspired only to be on disability, and are living a piss poor life than I do boomers who meet the norm of this forum.
Boomers wealth is greatly exaggerated.
A $200,000 MotorHome, depreciated to $120,000 with a loan against it of $180,000...is not wealth. But that boomer owner will sure tell you it is.
Until it's after tax cash, it just ain't.
The speculation on home values, what boomer wealth is supposedly built of...didnt pan out in 2006 and 2007. But they made new rules saying it never has to be paid back on a primary residence, just to keep the boomer myth alive.
80 percent of boomers(my guess) don't have Squat.
The 401k millionaires you read about?
Of course that's prewithdrawl, pretax, prepenalty money and is hogwash being called a million.
Cut that million in half if you're lucky when you make it cash... Lose most of it if they're not lucky.
And when reading 'boomer wealth averages' :
Remember Mr Pickens and rockerfeller, and $500,000,000 lotto winners and movie folk and sports players are counted right in there. Mr Walls heirs probably offsets 100,000 broke boomers just by himself. How many does Mr Jordan offset?
|
You should seek out a better flock of friends. Quoting Dudley Moore from the original "Arthur"...."I wish I had a nickel for every nickel I have". Most folks I know are comfortably ready for retirement. I retired at 60...paid cash for my MH and could care less what it's worth in 5 years. The Boomers are the last of a responsible civilization and they had nothing to do with the home disaster in 2007. We/they were very comfortable in our nearly paid off mortgages.
__________________
|
|
|
08-19-2019, 05:57 PM
|
#10
|
I Think We're Lost!
Brand: Still Looking
Model: Tiffin Wayfarer 24 BW
State: New York
Posts: 22,195
THOR #8860
|
__________________
"What: me worry?"
Good Sam Member 843599689
Current coach: Tiffin Wayfarer 24 BW
|
|
|
08-19-2019, 06:00 PM
|
#11
|
Site Team
Brand: Entegra
Model: Accolade 37TS
State: South Dakota
Posts: 8,705
THOR #1469
|
Quote:
Originally Posted by The Gritz Carlton
You should seek out a better flock of friends. Quoting Dudley Moore from the original "Arthur"...."I wish I had a nickel for every nickel I have". Most folks I know are comfortably ready for retirement. I retired at 60...paid cash for my MH and could care less what it's worth in 5 years. The Boomers are the last of a responsible civilization and they had nothing to do with the home disaster in 2007. We/they were very comfortable in our nearly paid off mortgages.
|
__________________
Dave
US Army (Ret)
2020 Entegra Accolade 37TS
2019 Jeep Grand Cherokee Trailhawk (Toad)
FMCA - F432054
|
|
|
08-19-2019, 07:08 PM
|
#12
|
Senior Member
Brand: Thor Motor Coach
Model: 2018 24.1 AXISSIXxSIX
State: Arizona
Posts: 6,735
THOR #13932
|
I slowly tread the forehead deep darkness as the room fills with pompousity.
https://www.investopedia.com/article...ent-crisis.asp is the drain. I knew it was there.
__________________
|
|
|
08-19-2019, 07:23 PM
|
#13
|
Senior Member
Brand: Thor Motor Coach
Model: 22E
State: New York
Posts: 322
THOR #12119
|
Quote:
Originally Posted by ducksface
I slowly tread the forehead deep darkness as the room fills with pompousity.
|
Generation X Here!
But I am friends with both Boomers and Generation X and they both have there shares of Financial problems (some self generated).
I love how everyone points fingers.
I am responsible for my own destiny, and though recessions sometimes stings, I just motor through and never place the blame.
I am pleased to be blessed with winning what Warren Buffett calls "The Ovarian Lottery" :
That is being born in the USA.
__________________
|
|
|
08-19-2019, 07:31 PM
|
#14
|
Senior Member
Brand: Thor Motor Coach
Model: Freedom Elite 30FE
State: Arkansas
Posts: 371
THOR #12827
|
Quote:
Originally Posted by Bob Denman
The funny thing about economic recessions:
You can cause one, by eroding the public's confidence in the economy...
Which can be done by anybody with a mic and a camera!
|
And by TV networks, celebrities, and politicians “wishing” for a recession to forward their own personal and political goals.
__________________
2018 Freedom Elite30FE
Current toad - 2019 GMC Canyon 4WD
Former toad - 2004 Jeep Liberty
|
|
|
08-19-2019, 08:06 PM
|
#15
|
Senior Member
Brand: Thor Motor Coach
Model: Hurricane 31S
State: Texas
Posts: 4,153
THOR #6411
|
Quote:
Originally Posted by revjeffrey
|
June 2018 vs. June 2019
Class A down - 24.5%
Class B down - 40.2%
Class C down - 19.1%
<https://www.rvia.org/news-insights/rv-shipments-june-2019>
__________________
Jim & Roy Davis
2016 Hurricane 31S
1961 Rampside in tow
|
|
|
08-19-2019, 08:59 PM
|
#16
|
Senior Member
Brand: Thor Motor Coach
Model: 22E
State: New York
Posts: 322
THOR #12119
|
Quote:
Originally Posted by LandKO
And by TV networks, celebrities, and politicians “wishing” for a recession to forward their own personal and political goals.
|
Any proof of this?
Are all they all not buying Motorhomes?
This is a Recreation Vehicle Forum!
I usually stick with financial forums for economic conditions.
Are we trying to make this a Political Forum!
__________________
|
|
|
08-19-2019, 10:05 PM
|
#17
|
I Think We're Lost!
Brand: Still Looking
Model: Tiffin Wayfarer 24 BW
State: New York
Posts: 22,195
THOR #8860
|
I hope not! I'd rather that it stay a thread about the economy...
__________________
"What: me worry?"
Good Sam Member 843599689
Current coach: Tiffin Wayfarer 24 BW
|
|
|
08-20-2019, 05:52 PM
|
#18
|
Senior Member
Brand: Thor Motor Coach
Model: Freedom Elite 26HE
State: Illinois
Posts: 150
THOR #4282
|
Went to trade in my 2017 C for a new A. My family has outgrown the C after 3 years and 40,000 miles. After seeing how much the RV market has dropped and the salesmen telling me that he is selling Cs vs As at a 3 to 1 rate makes me a little unsure of moving on a A at this point in time. Our C goes up for sale today but I think we are going to wait it out for a while before moving on a A. We are not opposed to buying used but bunks are a must so its a little harder to come by. My kids are 8 and 10 so we are likely going to be getting something different or getting out of it all together in 6 to 8 years when they are unlikely go continue to go with us. I'm not to worried about being upside down because well we love RVing and that's just part of it but if I hold off for a little while and save a ton of money I'm not opposed to that either.
Wish I was paying attention back around 2007 at the RV market so I know what maybe to come.
__________________
|
|
|
08-20-2019, 06:50 PM
|
#19
|
I Think We're Lost!
Brand: Still Looking
Model: Tiffin Wayfarer 24 BW
State: New York
Posts: 22,195
THOR #8860
|
Quote:
Originally Posted by gentilebrian
...Wish I was paying attention back around 2007 at the RV market so I know what maybe to come.
|
Hindsight is usually 20/20: isn't it?
__________________
"What: me worry?"
Good Sam Member 843599689
Current coach: Tiffin Wayfarer 24 BW
|
|
|
08-27-2019, 04:41 PM
|
#20
|
Member
Brand: Thor Motor Coach
State: British Columbia
Posts: 50
THOR #12644
|
Without getting political, economies are cyclical and dependent on world conditions besides those in the US. We are due for a downturn and RV's & boats are the first things people give up if they have to cut back.
__________________
|
|
|
|
|
Thread Tools |
|
Display Modes |
Linear Mode
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
|
|