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Russian (RU) Marc Guberti
Sun, May 25, 2025, 4:00 PM 4 min read
Sometimes, you have to downsize to cut costs. It's pretty common for retirees to reduce their costs to give their nest eggs more mileage. However, cutting costs can also make people comfortable with staying low instead of pushing toward challenges.
That's why a Redditor is concerned that her brother wants to finance an RV because rent is too high. The brother is married with kids, and this decision can reduce costs while giving him ownership of an asset. However, the Redditor isn't sure if it's a good idea.
"My gut tells me this is a poverty trap," the Redditor explained.
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Other Redditors jumped into the comments to share their thoughts about financing an RV.
RV living has been growing since the pandemic due to its affordability and flexibility. The Personal Finance Reddit community suggested getting an RV that's a few years old to save on costs. New RVs are more expensive, and they have higher insurance and maintenance costs as well.
However, the brother will have to buy an RV that is less than 10 years old. Most long-term RV parks will not let you park your RV there if it is more than 10 years old.
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Living in an RV may be a poverty trap if the brother doesn't have the goal of owning a house in the future. Having a bigger goal can inspire you to work harder and put yourself in a better community.
While each RV community is different, he may get comfortable with owning an RV and scrape by with that setup. We don't know about the brother's level of ambition or the people he surrounds himself with. However, if he isn't surrounded by ambitious people, he is unlikely to become more ambitious than he currently is.
This mentality can also help the brother when the RV inevitably needs repairs or breaks down. RVs don't last forever, and RV parks can boost their rents at any time. Most RVs can last for 100,000 to 300,000 miles, with a range of 10 to 30 years.
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Although RV living has risks, it can be a great idea if you approach it with the right mentality. One Redditor explained in the comments that they know doctors and nurses who have lived in RVs for two to five years to save money. Then, they were able to become debt-free and buy their dream home.
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