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Chali
Lv 6
Chali asked in Business & FinanceInvesting · 1 decade ago

Buy a Trailer or Rent a House?

I am visiting my family after 6 years of living outside of the U.S.. The choices for me are:

Stay with relatives

Buy a trailer

or Rent a house.

I will only be in the states for a month and I will be returning to my never ending travels and pursuit of adventure.

It would cost me about 2,000 US to rent a partially furnished house for a month.

or

I can buy a cheap trailer (yes it is a nice one) for the same amount.

I don't want to stay with family. I like them, but there is a reason I travel around. I don't like being around people constantly and find that traveling lets me be alone in a way that can not be achieved when surrounded by family.

I own land in the U.S. and purchasing the trailer would add some value to my land, as it is considered an improvement. This would be a real investment. However, empty trailers do tend to attract problems. I would be leaving after a month. On the other hand, I have someone who has said that they would watch and care for it when I am not there (as in use it but make sure not to trash it). The trailer is a single wide, formerly lived in, in good shape and great condition. I have even had it inspected. It is worth a LOT more than they are willing to sell it to me for. More importantly, it would be there when I finally return to the states permanently. Which I do plan to do but not for several years more. I like it out here.

If I rent a house there is no investment. But there is also no muss, no fuss. It would be a quick rental and give me a place to go to take a breath as I am visiting the relatives. Utilities would be included and once I leave I don't have to think about it again.

I am torn.

And I could really use the advice.

Thanks in advance.

5 Answers

Relevance
  • 1 decade ago
    Favorite Answer

    I am always for investing! Rent isn't investing anything.

    SO, if you could find a "caretaker" to live in the trailer and take care of it then you win in the long run! ! ! Probably would add a value of $10,000 to the land????

  • Anonymous
    1 decade ago

    By nature, you appear to be a "traveler", rather than an "investor"! Therefore, I would advise against purchasing a trailer, especially since it is a rather dubious investment that comes with many headaches. Therefore, renting is your obvious option (you can obviously afford it).

    Source(s): A former "traveler" who still regrets getting tied down.
  • ?
    Lv 7
    1 decade ago

    Don't buy a trailer. I'd rent...so much easier and you won't have to pay insurance and taxes while you're gone. That money could make a nice down payment on a house when you're ready.

  • 1 decade ago

    how about finding a renter who has their own trailer and wants to rent the land.I would think that would cover your taxes you must pay on it,and it will only increase in value as this recession abates.

    My opinion on your one month stay....stay with the relatives and pocket the money.Always good to have extra loot on the road..you know?

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  • 1 decade ago

    definitely rent a house. a friend of mine has had really bad experience with trailers

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