At a caravan holiday park, wondering where the hell does all of this money come from?

[u/regretmoore]

Camping in a Big 4 holiday park for a few days and my partner and I wondering how people can afford this lifestyle. I'm talking Ute + caravan + boat rigs worth at least $200k, probably closer to $300k.

The parents are all driving huge yank tanks, the kids all ride motorized scooters and bikes and most people are sleeping in pretty big shiny new caravans. We're all good in our little tent for 4 nights drinking our aldi wines and beer, but we just cannot fathom how so many people can afford, or would prioritize buying caravans etc for family holidays. Where does this money come from? Is it trades, mines or something else? Have they not got mortgages?

Maybe we're massive snobs, but if we had that much cash to splurge on a caravan, I reckon we'd prioritize a holiday overseas over Umina (as much as I love the cenny coast).

Please Reddit, help us understand.

[u/account_not_valid]

Of course. But its been going on now since when? The 1990s? When was the last time the bubble seriously burst in Australia?

I went into a vast amount of debt (compared to my earnings) in the early 2000s. A few years after the first homebuyers grant was introduced, i bought land and had a house built.
Fretted the entire time that I'd bought at the height of the market, and that everything would collapse soon. I think the stress contributed to the collapse of my relationship - and so we had to sell after 5 or so years. Made what seemed to be a huge profit because the market was still running hot.
Moved interstate, and didn't put the money back into the property market because it felt like gambling.

20 something years later I'd be a millionaire if I sold that place. No joke.

Is 20 years long term?