Am I a loser if I live in a motorhome in my mom's driveway?

[Anonymous]

I am a single guy. I am 29, have no dependants, and I have a well-paying job. I own a class A motohome that was manufactured in 2009, so it is older by now and showing some age.

I am not really wanting to rent an apartment right now, because I would be pissing away $1500 a month on a place that I will never own. Imagine spending hundreds of thousands of dollars overtime on a place and suddenly lose your job or become disabled and you get evicted. That would be horrible.

My second option is to save up and put money down on a house or condo. Although, I would be signing my life away to $200+/k in debt for decades of my life.

I really don't know what I want to do long term, because I am likely to remain single the rest of my life and everything will rest upon my shoulders solely financially. I never even had a real girlfriend, so I know what direction my singleness is taking me.

Yes

No

See poll

[OldBlue]

1. You're not a loser.

2. I would like to see a pic of the motor home.

3. I've been thinking about doing the same as you. But I would have to find a trailer park that would allow it.

4. If you're warm, have good lighting and have running water... what more could you ask for.

5. At the end of the day, no matter how much money you have, you will plop your ass in your favorite chair.

6. Don't buy a house and be a slave to it. Invest in gold, silver and crypto currency.

[Oliverlogan263]

Hey man, don't feel like a loser for living in your RV. You've gotta do what's right for your situation and savings are smart. Few things..

- It's only temporary, yeah? Gotta figure out next steps eventually. No rush though.

- As long as your mom's cool with it, no issues there. Help out around the yard or whatever.

- Keep meeting new people through hobbies, work, gym etc. You never know who you'll click with!

- Consider renovating/updating the RV over time. Little projects make it feel fresh.

- Savings add up quick by not renting. Future you will thank present you!

Who cares what anyone else thinks as long as you've got a job, saving $, and not mooching. Tons of singles live unique lives. Focus on doing you and having fun along the way. You'll be alright dude!

[rigmarole]

You already own a motor home. It seems to me the logical choice would be to look for a piece of land that you can purchase outside of town to locate your motor home on. Save up your money and buy your land for cash. Then continue to save money to build a small home/barndominium in time. Obviously as a single person you don't need a three or four bedroom home in some suburban neighborhood with HOA fees. That's just a waste of money for your current lifestyle. You'd end up with extra expense, extra maintenance responsibilities, and obviously a mortgage with interest, higher taxes, and a requirement for insurance payments.

[rigmarole]

I actually have an uncle who is an electrical engineer. He worked on NASA projects most of his life. When he was young he lived in a motor home in a camp ground for like 5+ years. He owned an airplane before he owned a home... He's a multi-millionaire, he currently has a house on a half acre, but that's because he has a family. When he was single he lived just like you, but in campground. He use to fly his plane every day after work for recreation because he didn't have a lot of unnecessary expenses. Most people never own a plane, they don't own their home outright like he does, they don't have millions in savings and investments, etc... They are up to their neck in debt yet they'd call him a loser while he was literally one of those boys at NASA that solved very difficult problems as an engineer... Smart people don't follow the crowd. They do what makes sense...

[MzAsh]

It doesn’t sound like your job is that well paying if you’re talking about debt and having to save up.

[MzAsh]

by the way, I don’t think any of this makes you a loser. It’s your life and you can do what you want since your plan is to remain single. If you were planning to have a wife and kid someday, I’d say you’re not in a good position for that. But a single guy can do what he wants as long as he’s not sponging off of and burdening others.

[MzAsh]

And you also have to accept the fact that you are beholden to your mom’s authority in this living situation. So she’s calling the shots while you’re there.

[Asker]

I make $76,000 a year. Most of my paychecks are eaten away by debt I accumulated when I was unemployed, my bills, and basic living expenses (like food and fuel).

[molonski2]

Save the cabbage , and work towards buying a house , and keep staying in the motor home while you save , certainly not " a looser " , I hate that word , you have a good gig , start investing , agree rent would be just pissing money away.

Good luck man.

[Avicenna]

Buy a home- people in much worse circumstances than you have done it. Stop being so scared of life and of risks that everyone takes.

[Asker]

I will still need to save up to put down at least 15%. You have to realize I have never held a job for more than a year at a time.

[Avicenna]

Look into first-time homebuyer programs in your state. I will wager that you don't have to put down 15%. If you've worked in the same industry you should be OK, and underwriting standards are sometimes more lax than at other times. Talk to a mortgage broker.

[AviatorTom]

Most people would call you a "loser". Why not turn that around and become a "winner". Get rid of the motor home and get your own place.

[HelpfulWoman]

Can you afford your lifestyle? Yes? Then you're winning.
Or, at least you were until you've decided your whole relationship status means anything.

[slatyb]

If you don't know what you want to do or where you want to live then don't buy real estate. Invest the money instead.

[Anonymous]

It doesn't make sense to buy now either because houses are so overvalued, you'll never get your money out of it.

[Asker]

Yes, I agree. Interest rates are outrageous rn and houses in my area are on average in the 300,000's+.

[Anonymous]

It's been my experience that most people who'll call you a loser will be financially worse off than you. Most of these people look like they're doing well on the surface but are up to thier eyeballs in debt and will likely never retire.

[msc545]

At least you are not living in the basement. This does not make you a loser.

[KrakenAttackin]

Fuck no you are not a loser. Save the money and get a house.

[Kingofkings1992]

Not necessarily, only if you plan on staying there for the rest of your life.

[red324]

Why not park it in an rv park?

[Asker]

Monthly rent in an RV park is expensive in itself. Between paying my monthly RV payment and paying a spot in an RV park to rent, I would be worse off than just renting an apartment.