2 ms·
The housing appreciation is overrated: your house is worth more, but so are all the other houses you want to buy when you move. And people complaining when the
by yboris 6y ago
The housing appreciation is overrated: your house is worth more, but so are all the other houses you want to buy when you move. And people complaining when the housing prices fall also confuse me: so what, the house you buy when you move is cheaper too.
The trailer home I bought was built in 1984. With all the people moving out of NYC into New Jersey, similar mobile homes in my development have sold for $80k. I may end up selling for a similar amount. Though I do think you're right and it is typical to lose money when re-selling a mobile home.
As a side note: I paid 0 tax when purchasing it (it's not a house, no house tax). My "closing" expenses were $40 to get the title registered at the local DMV / MVC (Motor Vehicle Commission). It's pretty nice.