Full Timing - A Poll II

[scotjimland]

Well 1 in 4 who voted do have the guts Jim

there you go.. as bad as Stew.. massaging the numbers to suit your argument .. :Nowink:

I was referring to the "positive" who HAVEN'T done it yet... oh: ..

think I'll go fulltime to escape this thread

 

[ninjayorkies]

I owned my house outright but still chose to sell it as opposed to renting as I didn't want the responsibility of jumping through hoops and making sure it ticked all the boxes before it could be rented out to tenants. I have no family therefore no one to leave it to and I hated the town I lived in. If fulltiming doesn't pan out then I will find alternative arrangements. I plan on staying in the same place every now and again to do some part-time work to add a bit of dosh to the funds and that suits me just fine. It may not suit everyone but the only responsibilities I had were the dogs and they love this life so that's what's important. It isn't always perfect, there are good days and bad days but my god I've been so much happier in this last 12 months than in the last 12 years so that tells me I've done the right thing :thumb:

 

[Terry]

Here we go again assume you have a nice van to start :thumb:
start 200k
yr1 = 12k = 188k @ 5 % = 197.4 -
yr2 = 12k = 185,400 @ 5% = 194,670-
yr3 = 12k =182,670 @ 5% = 191,803.5-
yr4 = 15k =176,803 @ 5% = 185,643-
yr5 = 15k =170,643 @ 5% = 179,175-
yr6 = 16k =163,175 @ 5 %= 171,334-
yr7 = 16k = 155,334 @ 5 %= 163,101-
yr8 = 17k = 146,101 @ 5 %= 153,406-
yr9 = 17k = 136,406 @ 5 % = 143,226-
yr10= 18k = 125,226 @ 5 %= 131,488-
30k to upgrade van ===== 101,488-
yr11= 18k = 83,488 @ 5 % = 87,662-
yr12 =20k = 67,662 @ 5 % = 71,045-
yr13 =20k =51,045 @ 5 % = 53,597-
yr14 =20k =33,597 @ 5 % = 25,277 -
yr15 =22k aprox 3k left

terry

 

[Jim]

there you go.. as bad as Stew.massaging the numbers to suit your argument :Nowink:

Pot - Kettle

I was referring to the "positive" who HAVEN'T done it yet... oh: ..

Point Taken, But while Buttons isn't surprised at the high figure I am. mainly because like you say, a big lifestyle change takes guts. That said, the interest in full timing is stronger than ever. Lots of reasons, but more people than ever letting their kids (who will never afford their own house) have the house while they hit the road but more and more young couples who just realise they cannot get on the property ladder.

think I'll go fulltime to escape this thread

It won't work Jim, you did "go dark" on us once and dissapeared for six months or so but you you kept logging in, and don't forget you love this argument which is why you participate

 

[scotjimland]

Point Taken, But while Buttons isn't surprised at the high figure I am. mainly because like you say, a big lifestyle change takes guts. That said, the interest in full timing is stronger than ever. Lots of reasons, but more people than ever letting their kids (who will never afford their own house) have the house while they hit the road but more and more young couples who just realise they cannot get on the property ladder.



It won't work Jim, you did "go dark" on us once and dissapeared for six months or so but you you kept logging in, and don't forget you love this argument which is why you participate

No denying more are doing it Jim, especially in the US where it has been driven by the financial crisis and house repossessions .. Thousands are now living in clapped out RVs .. I doubt that is anyone's idea or ideal on Fun of a fulltiming life style..

Yes, i do enjoy the discussion.. hopefully it is constructive and helps other who voted "positive" but undecided.. to decide ..

When away I was too busy picking fruit to log on

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[artona]

I don't massage, I just view the figures as they are meant to be viewed

I reckon that even the very, tiny, almost negligible mininscule few that are not ravingly over the moon and in favour of fulltiming could not be talked into selling up and driving into the dark yonder. This is a que for shiftzz and a few of his daily mail stories

 

[buttons]

Here we go again assume you have a nice van to start :thumb:
start 200k
yr1 = 12k = 188k @ 5 % = 197.4 -
yr2 = 12k = 185,400 @ 5% = 194,670-
yr3 = 12k =182,670 @ 5% = 191,803.5-
yr4 = 15k =176,803 @ 5% = 185,643-
yr5 = 15k =170,643 @ 5% = 179,175-
yr6 = 16k =163,175 @ 5 %= 171,334-
yr7 = 16k = 155,334 @ 5 %= 163,101-
yr8 = 17k = 146,101 @ 5 %= 153,406-
yr9 = 17k = 136,406 @ 5 % = 143,226-
yr10= 18k = 125,226 @ 5 %= 131,488-
30k to upgrade van ===== 101,488-
yr11= 18k = 83,488 @ 5 % = 87,662-
yr12 =20k = 67,662 @ 5 % = 71,045-
yr13 =20k =51,045 @ 5 % = 53,597-
yr14 =20k =33,597 @ 5 % = 25,277 -
yr15 =22k aprox 3k left

terry

£200k sounds like a high start figure to me. You have not included the start up cost. Most sell their home to purchase something that would otherwise be out of reach. Add to this kitting out cost and moving cost any outstanding mortgage and not many will have anything like this 200k to start their new life.:Sad:

 

[artona]

Leaving the figures for a moment I have suggested to my son who has just graduated that fulltiming for a couple of years is the way to go. Plenty of time to saddle himself with a mortgage and utility bills when he is a bit older - like in about 40 years.

I would love him to see the world, travelling about in a motorhome. Wish I had done it in my twenties

 

[buttons]

Leaving the figures for a moment I have suggested to my son who has just graduated that fulltiming for a couple of years is the way to go. Plenty of time to saddle himself with a mortgage and utility bills when he is a bit older - like in about 40 years.

I would love him to see the world, travelling about in a motorhome. Wish I had done it in my twenties

I dont have a problem with that, it sounds like a great adventure. Not quite the same as selling your home to purchase an RV when you are old and decrepit though is it.oh:

 

[Terry]

Hi Buttons, the figures are only very tongue in cheek Starting with the assumption you have a van you could live in full time -not a Vdub wanna be M/H and when I originally worked it out the average house price was around £180,000 so I thought of people who have paid for house and added 20 from sale of cars,furniture etc,bringing it to 200k I took in no more added from either SS or pension payments If you look at it,the first 5 yrs are OK not much cost so in theory you could get back into a smaller house having enjoyed a nice 5 yr break,provided house prices have not jumped too much oh:
I suppose you could spend yr 10s 30k on a new van to start with but then you would reduce the first 5 yrs figure too quickly so you may end up with only 10 or 12 yrs
Where we live we could sell up and get the first 10 yrs and buy a nice smaller house before blowing all the money -you could of course buy the smaller house to start and rent it out but that may prove a lot of hassle
terry

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[scotjimland]

Leaving the figures for a moment I have suggested to my son who has just graduated that fulltiming for a couple of years is the way to go. Plenty of time to saddle himself with a mortgage and utility bills when he is a bit older - like in about 40 years.

I would love him to see the world, travelling about in a motorhome. Wish I had done it in my twenties

I gave that advice to Paul .. did he listen ? ... nope.. fell in love oh: and wants a house and a settled life with a family .. maybe he had had enough of travelling and living in a van ..

but I think you hit the nail on the head.... oldies are trying to re live or re capture the lost dreams of their youth .. nothing wrong with that , dreams never die ..they just become more expensive

 

[coolasluck]

Funny but i also advised my nephew to full time also,when he phoned me earlier:shout::shout:


For me although we have a motorhome we have been saving for our fulltiming home and kitting out before we pack it all in.Next year we will see a saving of the bulk of it.Better to buy now whilst in a job then have to use savings from the sale of our house.

 

[buttons]

Hi Buttons, the figures are only very tongue in cheek Starting with the assumption you have a van you could live in full time -not a Vdub wanna be M/H and when I originally worked it out the average house price was around £180,000 so I thought of people who have paid for house and added 20 from sale of cars,furniture etc,bringing it to 200k I took in no more added from either SS or pension payments If you look at it,the first 5 yrs are OK not much cost so in theory you could get back into a smaller house having enjoyed a nice 5 yr break,provided house prices have not jumped too much oh:
I suppose you could spend yr 10s 30k on a new van to start with but then you would reduce the first 5 yrs figure too quickly so you may end up with only 10 or 12 yrs
Where we live we could sell up and get the first 10 yrs and buy a nice smaller house before blowing all the money -you could of course buy the smaller house to start and rent it out but that may prove a lot of hassle
terry

Thanks for that Terry, I agree I guess it depends where you live. I my area prices are daft. Friend of mine has a smallish semi without garage and tiny garden on the market for £950000. Same semi in some towns north of here and you could pay just £50000 for same house so ability to fulltime successfully could depend where you live.
Perhaps we should do another survey on where did you live before you went fulltime and are there any living in rented or council accommodation that are now fulltime.

 

[Jim]

Yes but terry those figures have nothing to do with fulltiming or its viability.

if you have a house, mortgage on it or not and you do not have any income for 15 years you are still going to end up with zero.

Here we go again assume you have a nice van to start :thumb:
start 200k
yr1 = 12k = 188k @ 5 % = 197.4 -
yr2 = 12k = 185,400 @ 5% = 194,670-
yr3 = 12k =182,670 @ 5% = 191,803.5-
yr4 = 15k =176,803 @ 5% = 185,643-
yr5 = 15k =170,643 @ 5% = 179,175-
yr6 = 16k =163,175 @ 5 %= 171,334-
yr7 = 16k = 155,334 @ 5 %= 163,101-
yr8 = 17k = 146,101 @ 5 %= 153,406-
yr9 = 17k = 136,406 @ 5 % = 143,226-
yr10= 18k = 125,226 @ 5 %= 131,488-
30k to upgrade van ===== 101,488-
yr11= 18k = 83,488 @ 5 % = 87,662-
yr12 =20k = 67,662 @ 5 % = 71,045-
yr13 =20k =51,045 @ 5 % = 53,597-
yr14 =20k =33,597 @ 5 % = 25,277 -
yr15 =22k aprox 3k left

terry

 

[artona]

When I was twenty I walked into a building society with no money and walked out with enough money to buy a house. I wish someone had said I should have saved up a million pounds first to make sure I could afford it .......................

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[ehuplad]

A house is worth nothing, if you are living in it.

It is only worth something to you when you sell it

 

[Jim]

A house is worth nothing, if you are living in it.

It is only worth something to you when you sell it

Very true, infact for many millions its worth less than nothing as it costs them much in mortgage and tax. I dread to think what would happen if the rates ever get back to 15%. I had a 100%/90k mortgage when it was last at 15%

 

[thehutchies]

I find that whenever the cost of fulltiming vs. house living is raised, people tend to omit some very important expenses.
How much would one spend in 15 years, say, on furniture, decorating, gardening, repairs and maintenance to their house?

We pay over £400 a month just in interest on our mortgage.
Things like this never seem to be mentioned.

I bet it will be a damned sight more than the £30,000 needed for a replacement van!

 

[JJ]

I bet it will be a damned sight more than the £30,000 needed for a replacement van!

£30,000

My last "replacement" van (the Iveco Wagon) bought just over ten years ago cost me a tenth of that... :thumb:

It had 75,000 genuine kms on the clock and now has 265,000 kms...

What a beauty...

JJ :Cool:

 

[Gromett]

Mine cost £2,300 and £3,000 to convert

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And £1,200 at the last mot oh:

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[thehutchies]

£30,000

My last "replacement" van (the Iveco Wagon) bought just over ten years ago cost me a tenth of that... :thumb:

It had 75,000 genuine kms on the clock and now has 265,000 kms...

What a beauty...

JJ :Cool:

Mine cost £2,300 and £3,000 to convert

..
..
...
..
..

And £1,200 at the last mot oh:

To illustrate the point, my mother has just had a quote for new windows and doors on her house and it would pay for both your vans!

A friend didn't like parking his car on the road so he has just had a driveway made at his house (rented house ) and it cost more than we have spent on maintaining our van for the last seven years...

 

[The V10 Squad]

Full time

We would love to in the future when time and money allows... to try it, or perhaps for 6 months of the year to travel. We are going to try locally, for couple of weeks to go to work from, John does not get as much holiday as me.. we go every weekend we can come Friday after work...even if only
local, plus we had two longer breaks earlier in year.

We would go longer again but we have our daughters wedding next year so saving the pennies.. as in Houston Texas !:thumb:

 

[Terry]

Yes but terry those figures have nothing to do with fulltiming or its viability.

if you have a house, mortgage on it or not and you do not have any income for 15 years you are still going to end up with zero.

The whole point Jim was to test the viability--hence the average value of a house-You sold the house and lived in the van,just to get an idea of how long the money would last If you look at the figures for the first 5 yrs it does not cost that much It is only after that time that it really begins to eat into your capitol in a big way Of course no consideration of fruit picking/selling sun glasses etc was or could taken into account which could well extend the stay considerably :thumb:Still you end up with nothing
I met a guy and his Mrs about 10 yrs back who had a large M/H with a garage full of leather jackets who stood on any local market selling them.He picked them up from turkey for next to nothing and it paid for his time elsewhere until he went back for more If you have paid off your house and are both young and brave enough it is possible to do about 5 yrs test without too much loss

Very true, infact for many millions its worth less than nothing as it costs them much in mortgage and tax. I dread to think what would happen if the rates ever get back to 15%. I had a 100%/90k mortgage when it was last at 15%

that was 20 odd yrs ago :thumb: We too had just bought the house we live in now and still owned the one we were in The day we signed it went up leaving us with the new mortgage and a bridging loan oh: (thanks Mr Lawson) Happy day's
terry

 

[Jim]

The way things are going, a house won't come into the equation for many. Plenty of new full timers have never owned a house and as soon as you start comparing renting a house and full timing IMO the motorhome wins hands down

 

[artona]

So who here could stop work tomorrow whether living in a house or a motorhome? We are programmed from an early age to buy a house and saddle ourselves with a mortgage. Along with that mortgage there are huge horrendous additional costs.

I have said it numerous times - fulltiming (aka living in a motorhome) is not about the finances, its about freedom to do what you want, to travel as you want. Obviously you have to eat, drink, clothe yourselves and keep the motorhome going. If you have unlimited finances tucked away then that is taken care of but the majority will have to top it up.

We first came across fulltiming when we met a couple who would work until they had £6000 saved up and then travel until they were down to £2000, then work again. There is a massive work place available to you if you only want short term work as most employees are looking for long term employment. The couple were able to travel for about 6 months on their £4000 spending.

stew

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[Terry]

If only I KNEW THEN WHAT i KNOW NOW 30 yrs ago I spent 5 yrs traveling all over the country (shop fitting) We got supplied with a tranny van and got paid dig money £20 a night :thumb: which was fine in most places until you hit London area That took up all your money for B/B and no beer money left over oh: Probably half the work was down there so I boarded and insulated the van out :thumb: bought a fold out sponge bed settee (£2 off store manager-they needed favors)which slept 2 very comfy :thumbigs problem solved :thumb:We could shower at the stores we worked in and cook in the canteens :thumb: Crash out either in the car park or pub car park :thumb: No one bothered us as we were late to bed ,early to rise for work.If I had known or even thought about a M/H then I could have spent the dig money on a new M/H that would not have cost me a penny :thumb:Not sure that the beds in M/Hs at the time were as comfy as my old bed settee though :thumb:Was I full timing ?worked 7 days a week but we came home Friday and Sunday nights
terry

 

[keith]

So who here could stop work tomorrow whether living in a house or a motorhome? We are programmed from an early age to buy a house and saddle ourselves with a mortgage. Along with that mortgage there are huge horrendous additional costs.

I have said it numerous times - fulltiming (aka living in a motorhome) is not about the finances, its about freedom to do what you want, to travel as you want. Obviously you have to eat, drink, clothe yourselves and keep the motorhome going. If you have unlimited finances tucked away then that is taken care of but the majority will have to top it up.

We first came across fulltiming when we met a couple who would work until they had £6000 saved up and then travel until they were down to £2000, then work again. There is a massive work place available to you if you only want short term work as most employees are looking for long term employment. The couple were able to travel for about 6 months on their £4000 spending.

stew

I don't see how you can separate finances from the equation, although I hear what you say about the freedom .
The couple you quote will eventually reach old age & work will be more difficult to find, if they are still fit enough.
I decided early on in life I wanted to be able to take advantage of the longest holiday of my life (retirement) & so set about funding it, although it was a bit late in life when I started.
We are not rich & could always do with a little more cash but we can enjoy ourselves in comfort, just cut your cloth to your lifestyle.
We all have different ways to achieve our dreams & there cannot be a simple answer or else we would all be doing what we want, not what we can afford.
We now don't have bricks & mortar, living as we do in a Park Home, but comfort has always been my top priority so I need a base.
You also have to consider access to medical treatment in old age & that has now become the important aspect of our life.
I do think the loss of a partner will substantially change our outlook and maybe as a loner you would look at things in an entirely different way.

 

[ninjayorkies]

It may suit some people to plan on doing this when they retire but I watched my parents plan on what they'd do and where they'd go only for my Mum to die 2 years before Dad retired and him 3 months after. This is why at 42 I'm living for the now as who knows what's around the corner. I take each day as it comes and deal with lifes challenges as they happen.

 

[scotjimland]

I have said it numerous times - fulltiming (aka living in a motorhome) is not about the finances, its about freedom to do what you want, to travel as you want. Obviously you have to eat, drink, clothe yourselves and keep the motorhome going. If you have unlimited finances tucked away then that is taken care of but the majority will have to top it up.


stew

The freedom you talk about is all about finances .. Whether you live in a tin box or brick box you only have as much freedom as you can afford.. it's that simple..

You want to be free but can't afford it, so you need to work but then your not really free .. catch 22.

You and I have both had a crack at fulltiming and both know it's not easy.. or an easy way out. I sympathise with your ideals and ambitions Stew..

On a more general note...

There is a romantic notion that somehow we can escape the system, be 'free' from it and live the life of an aboriginal .. living off the land, not paying taxes, doing our own thing..
Well, down through the decades it's been tried by the hippies and the New Age travellers to name just a few.. I haven't read of any that were successful and flourished, there is no 'free' land to go and do that.. we will always have to abide by the law of the land..

"You have freedom when you're easy in your harness" . ~Robert Frost

 

[buttons]

£30,000
My last "replacement" van (the Iveco Wagon) bought just over ten years ago cost me a tenth of that... :thumb:
It had 75,000 genuine kms on the clock and now has 265,000 kms...
What a beauty...
JJ :Cool:

I would love to be in your situation but all the females I have ever come into contact with would be less than enthusiastic. With the equity from the house burning a hole how many would settle for anything less than a new ridiculous vehicle. Or am I wrong.

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