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.

  1. DARKNIGHTRUCKER

    DARKNIGHTRUCKER Light Load Member

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    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
     
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  3. Lostmykey

    Lostmykey Light Load Member

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    There’s a shortage; the dip in demand during the pandemic caused companies to sell large portions of their fleets. Demand has bounced back but supply is lagging. Prices have doubled in some areas or more in touristy places.

    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
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  4. Qbf594

    Qbf594 Road Train Member

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    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...ymmv
     
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  5. Atlanta trucker

    Atlanta trucker Road Train Member

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    Has been working for me for 20 years. I use my PO Box for all government related needs.
     
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  6. Harry Flashman

    Harry Flashman Medium Load Member

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    Nope, the dollar will be worthless. Don't stack cash

    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 | ZeroHedge
     
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  7. Lucky12

    Lucky12 Medium Load Member

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    Zerohedge is the absolute last place one should look for investment advice! Those guys are a bunch of kooks and con men. By the looks of your post they have already got you hook line and sinker. Snap out of it man, no mad max scenario is looming.
     
  8. tallguy66

    tallguy66 Light Load Member

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    Save up for a home which can fit a truck
     
  9. Atlanta trucker

    Atlanta trucker Road Train Member

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    I love how the cash is trash crowd is always wanting your cash to sell you something better than cash.
     
  10. Lostmykey

    Lostmykey Light Load Member

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    Heh, my car was totaled around TG of 2019. I’d been solo less than two weeks but was having mechanical issues with first truck. I was running errands around Jackson while waiting on the shop.

    This isn’t a buyers market; great time to sell or maybe trade in.
     
  11. Atlanta trucker

    Atlanta trucker Road Train Member

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    In the end ... everything Goes to zero.

    That is our friends zerohedge’s take on it.
     
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