docj said:
I agree, but I think the strategy we have devised is often overlooked. A couple of years ago we purchased an ownership RV site in a park in Rockport TX. We had been spending our winters in that area any so now we have our own place to come back to. On our property (~3,000sq ft) we erected a heated and cooled sewing/TV casita along with a storage shed. We can easily pay off this purchase in ~5 more years if we choose to.
I did essentially the same thing, except I bought into the Escapees co-op park in Pahrump, NV. Escapees help build 13 independent co-op parks in the western and southern states, stretching from WA to FL.
Not having any home equity to reinvest, I chose one of the simpler parks. Buying a membership share in the co-op gives me a lifetime "lease" on a space in the park. My initial cost was about $10k so I was able to pay cash. Basic prices to buy into one of the co-ops (plus any lot improvements) range from $6k in rural west Texas to over $30k for the fanciest co-op in Southern California that's a destination resort in itself.
After the initial investment all I have to pay are the annual maintenance fees (currently $880 a year) and electricity.
The park has a large activities building, laundromat, a basic woodworking shop and an oil change pit you can drive your car or RV over for maintenance. Plus a couple of fenced-in doggie parks for the furkids.
What distinguishes this co-op from most of the others is the buy-in price includes a 20x28 ft. building that's shared with my neighbor. Many of the other co-op prices are just for the bare lot with any improvements such as a casita or outbuilding added onto the base price. Each of us has a 10x14 room and 10x12 covered patio in our half of the building, plus a concrete patio between the building and the RV. The building is fully insulated with interior drywall and electricity and a small air conditioner turns it into a refrigerator on even the hottest days. Essentially it's a casita except no plumbing. I am making mine into a mancave/workshop and storage.
I'm free to come and go as I please, and the park is my legal address for things like voting, taxes, drivers license, etc.
When I decide to come off the road I can either park my RV here permanently or install a larger park model RV on my space.
If/when I decide to give up my park membership, it will be sold to the next person on the waiting list and I'll be reimbursed for my initial purchase price plus the cost of any improvements I've made to the lot.
Pahrump is a growing community that has at least a couple of all the necessities - two supermarkets, two chain drugstores, WalMart and Home Depot, etc. With three permament fireworks stores in town the 4th of July fireworks display was spectacular! Their second hospital opened this summer and Las Vegas is an hour away for anything Pahrump lacks.