RV Resorts Remain Solid Investment Despite Economic Downturn
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RV Resorts: A Solid Investment Amid Economic Challenges
Summary:
Despite headlines warning of rising joblessness, a mortgage crisis, soaring oil prices, and an impending recession, not all sectors are facing a downturn. Leon D. Meekcoms, President of Parkbridge Capital Group, Inc., asserts that RV resorts and manufactured home communities remain promising investments.
Article Body:
Amidst worrying economic news like increasing joblessness and a mortgage crisis, it's easy to conclude that decline is inevitable. However, not all sectors are struggling. Leon D. Meekcoms, President of Parkbridge Capital Group, Inc., emphasizes that RV resorts and manufactured home communities continue to thrive, even in challenging times.
Meekcoms credits this resilience to two key trends: Baby Boomers nearing retirement are seeking affordable secondary residences, and vacationers prefer destinations within driving distance. Properties within two hours of major cities, especially those in the Sun Belt, are expected to appreciate, offering strong returns over time.
Pre-built resort cottages, known as "park models," cater perfectly to cost-conscious Boomers. These mini-homes, under 400 square feet, resemble cottages or cabins but are classified as RVs. "Park models are the ultimate hybrid," says Meekcoms. "They offer luxury and amenities like a house, without the tax implications of a permanent residence." The rising popularity of park homes is driving strong demand in the market.
Traditional RV manufacturers are also experiencing robust demand, with projections showing over 8 million families owning RVs by 2010. Counterintuitively, high fuel prices haven't deterred RV travel. Meekcoms explains, "Research shows RV vacations are perceived as more economical than other travel options. RV owners spend less time driving and more time enjoying their destinations."
These positive trends in park models and RV travel suggest that investing in RV resort properties is wise. Parkbridge Capital is focusing on this market due to limited upscale park model and RV resort communities, ensuring demand will exceed supply. "By buying, upgrading, and expanding existing properties, we can maximize investor returns while offering Americans an affordable or luxurious lifestyle," concludes Meekcoms.
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