From Yahoo Finance: 2025-05-25 19:00:00

A Redditor is concerned that her brother wants to finance an RV to live in because rent is too high, potentially falling into a poverty trap. RV living has been on the rise due to affordability, but new RVs are costly. RV parks may not allow older RVs, posing a challenge for long-term living.

While living in an RV can save money, it may limit ambition and community connections. RVs have a lifespan of 10-30 years, and repairs can be costly. Despite risks, some professionals have used RV living to become debt-free and buy their dream homes, setting up for a better future.

RV living can be a short-term solution to financial challenges, but it’s crucial to have a long-term plan. Doctors and nurses have leveraged RV living to save money and upgrade to larger, more desirable homes. Approach RV living with the right mindset to secure a better lifestyle in the future.



Read more at Yahoo Finance: ‘My Gut Tells Me This Is A Poverty Trap’