Fuel Shortage

[richard5933]

Interest rates have been low not for people but for our government borrowing,Your Social Security Trust is a joke the only thing it can invest in are the useless treasury bonds which will give a 1.4% return in 10 years.I miss the days when banks would sell a 1 year CD with a good return of 3 %.Like Don said it going to hit and is not far off the train is on the track wide open with no engineer.We are ok but the future generation is in deep $#!%.Our place in Scottsdale has doubled in value in 4 years so have the taxes if we sold it today we couldn't replace it for the same money in a week.Americans are in for a rough ride     

Rather gloomy outlook you've got.

We've been here before. We got past it. We'll get past it again.

[luvrbus]

Dream on it going to take years,you cannot use fuzzy math and keep printing money to spend you don't have

[chessie4905]

Richard, we'll  remind you of that when the s#@t hits the fan. Just don't  jump out of a window when it happens, unless it's  on the first floor.lol

[richard5933]

It's hit the fan before. Lots of it and hard. Like I said, we got past it then and we'll get past it again.

Not sure what all the gloom and doom does to help anyone?

I'm not saying there aren't problems, not at all. Just that aside from all the social media crap out there playing it up into something bigger than the last time it's just the same old problems coming around again. Economies are cyclical, and we're no exception.

[luvrbus]

Where do you get gloom and doom from ? at my age I have lived through this you call gloom and doom before we never got over it since LBJ

[belfert]

Oil has been on the downside for 3 weeks dropping a few a dollars a barrel and prices are getting higher at the pump. Hang on it will hit a $100.00 a barrel then you have $6.00 fuel for your summer travels.I feel for the people with a variable rate loan on a house they are getting ready for a hit the interest rate is going to go up and will for months trying to stop the runaway train named inflation   

I think anyone who still has a variable rate home mortgage is crazy.  You're taking a huge risk that your payment will skyrocket.

I made a stupid decision once to take out an interest only HELOC that I had to make principal payments on after a certain number of years.  I wanted to sell my house so I figured the loan would be paid off long before the interest only period ended.  2008 hit and I tried to sell my house, but no offers in six months so I gave up.   I finally tried to sell my house again 2014 and was successful.  I was within a year of needing to start making principal payments on the HELOC.  I would have been eating Ramen noodles and not funding my 401K to make the new payments.  I won't ever make that mistake again.  My financial position is much better now with lower expenses and higher income.  The new house is less expensive and my property taxes are about half.

[Tedsoldbus]

My wife is a Realtor. These days have been very good for us, but our friend who is a pro money manager says that though low interest rates keep people buying, her historical data says that when the repo rate hits 4 or 5%, the market "adjusts". It is at 2 right now. My first house in 1984 was at 13%. When it went below 10 we were dancing in the streets, It is still amazingly low when you think about it. Rita has people that offer cash quick close to get a home in this market, but then hustle to get a loan before closing because it is still cheap money vs paying cash. Not saying it is smart. Just what is happening.
She works from home and I frequently hear her tell people "Yes we can get that kind of money for your house, but Ted and I know you. You are a friend. So know where you are going before you sell!!

[Lin]

Gas prices here in Southern California are under $1.15.  The only problem is you only get a liter.

[chessie4905]

Maybe when it hits the fan, I be able to score on a nice Prevost. Should be lots for sale

[luvrbus]

Maybe when it hits the fan, I be able to score on a nice Prevost. Should be lots for sale

There will be they were for sale every where in 2007 LOL I bet you don't see John Deere Credit selling any next time around 

[windtrader]

For sure, the tide will turn and it will be buyers in control at some point. We are living in unprecedented times so really no hard patterns to follow. Fuel prices are heading up big time. In the past, that would dampen demand. Today, everything is selling for much more and so far consumers aren't blinking. We'll just need to watch and listen for the screaming at the gas stations.


Another factor that is unique is COVID, the lockdown, the masses working remotely, and the effect on people feeling the need for space and outdoor recreation. RV sales folks are smiling due to many desperate for finding safe and outdoors spaces. Many have not done serious research into what is out there nor searched their souls if this is right for them beyond the pandemic. It is reasonable to speculate that starting in the not too distant future some of these may hit the market as owners go back to their typical vacation and getaway destinations. And feeling the cost of an RV sitting gets right up your nose pretty quickly unless really getting joy of use.


As we busnuts have watched COVID and high fuel prices carry on, there has been virtually no noticeable increased sales activity in our world. Jon can weigh in on vintage Prevosts but it's probably the same, business as usual as in demand at a wisper.


Does anyone have facts to offer up if the recent run up in prices has impacted old bus sales? Personally, I have no recollection of any new busnut introducing themselves as an urban COVID refugee or one throwing in the two and selling due to increased fuel prices. Seems pretty much steady as she goes through it all.


If you're looking for an older vintage Prevost, buy one if you find one that suits you. Negotiate as usual and you'll likely look back and feel pretty good about the purchase. If your market is RV less than 5-10 years old, stand back as my money is on a major chop down the road. Not sure if Millenium class units will suffer than any other time when it comes to being slammed in the used market but that is a very niche and different crowd. LOL

[luvrbus]

 I hope Richard is right we get past this but right now we are totally out of control.

[chessie4905]

If I buy a Prevost conversion. Itll be 60 series and rooftop ac. Not gonna repair those Cruise airs.

[luvrbus]

If I buy a Prevost conversion. Itll be 60 series and rooftop ac. Not gonna repair those Cruise airs.

Nothing wrong with Cruise air ,the installers forgot they were marine units and mounted those were they had no fresh air.With mine I knew it was above my pay scale so I took mine to a marine dealer to install mine and they never missed a lick for the 15 years I owned the bus ,they don't work good installed in the engine compartment or getting air from a 160 degree pavement loved those 0 to high fan speeds no 1 or 2 setting

[chessie4905]

due to age on used Prevost, owner can expect Cruise air repairs and they are buried in some conversions. Alkali or salt corrosion on condenser after several years leads to need to replace.  So a 95 or 96, good chance of needing repairs. Are brand new ones available?