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Rising Costs Force Families Into RVs
Making Long Term Decisions For a Better Future
Texas has been growing, which has led to rising housing costs, particularly in cities such as Austin, Houston, or the Dallas/Ft. Worth metroplex. Rents have skyrocketed, with some parts of the North Texas housing market seeing increases of close to 20% in rental costs. For those who want to buy their first home, they are looking at hikes of up to 22% per square-foot.
These are averages, though, and in some places, such as Austin, for example, a house today can cost twice as much as a similar one did 2 years ago.
This is not great news for current residents who want to stay in their homes — after all, their property taxes will go up and they won’t see a return on their investment unless they sell.
However, the situation is worse for those who rent their homes.
I recently read a story about two families in North Texas who have made the decision to switch from traditional housing to living in an RV in order to deal with the rising costs. The issue is not just the rising cost of rent, though that is a major factor. However, the price of food, gas and utilities are also rising. Many working families are getting squeezed, and the Washingtons, who are mentioned in the article, are no exception.
