What's wrong with rental cars now ? Tbh I have only used them when my company reserved them for me to get in between trucks or orientations
Is It Really Worth It to Have a House and Car if I'm OTR for the Foreseeable Future?
Discussion in 'Questions From New Drivers' started by DARKNIGHTRUCKER, May 17, 2021.
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Companies are trying to re-expand their fleet’s now. Finding good used cars and even new ones can be difficult. Used car demand was already bumped up due to covid (along with their prices); there’s a microchip issue affecting new car production. This could last into 2022.
No matter what date I put in; I got zero availability for one way airport to airport car rentals. I was getting rentals in the Chicago metro for as low as 20-40 a day last year and a few weeks ago it was 80-90.Last edited: May 18, 2021
slow.rider and Dennixx Thank this. -
My rural area has terrible rental availability anyway and I never replaced the car I had that was totalled the month I left for my cdl training. So uber it is. I won't pay current rates for a vehicle for 2 or 3 days every 6-8 weeks. So I'd suggest keep one if you have it already but not worth procuring one IMO.
Buying and renting out is NOT a straightforward or easy thing and if you are early on in you driving life I don't think it would be good to start that endeavor just yet. To buy a good deal means becoming educated in real estate and construction which takes time and mental energy. Getting into the landlord gig is even more of a learning curve but you'd likely be better off paying a company to manage it for you if you're not available for emergency issues or eviction or whatever...
Just my opinions...ymmvBeHereNow97 and slow.rider Thank this. -
slow.rider Thanks this.
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Though a house not lived in is not worth it either.
I prefer more liquid anti-inflation investments
Stacking precious metals is also problematic for permanently OTR guys as you really don't want to keep it in the truck.
I have Sprott metal ETFs PSLV, PHYS
Also I saw this article the other day from a Billionaire making investments in preperation for inflation. Though I wouldn't short Tesla, I have purchase some of his other long inflation bets.
Michael Burry Reveals Massive Tesla Short, Huge Inflationary Bet | ZeroHedgeTravR1 and Atlanta trucker Thank this. -
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Save up for a home which can fit a truck
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This isn’t a buyers market; great time to sell or maybe trade in. -
That is our friends zerohedge’s take on it.
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