5 ms·

Table Mound Mobile Home Park https://goo.gl/maps/8h7fxu7WjWsYzTSj9 https://goo.gl/maps/8h7fxu7WjWsYzTSj9 The Park is about 90 acres. Article claims about 400

Table Mound Mobile Home Park https://goo.gl/maps/8h7fxu7WjWsYzTSj9 https://goo.gl/maps/8h7fxu7WjWsYzTSj9 The Park is about 90 acres. Article claims about 400 homes on site. Much laments the living conditions and abusive corporate ownership. Why do the concerned not facilitate affordable ownership, instead leaving it up to investment firms to provide the service (badly)? Under 2 miles away is a >150 acre parcel available for $6,000,000. Divided by 600, that’s $10,000 per quarter-acre; paid $100/mo, rent-to-own style, it’s bought outright in 10 years (or earlier as cash flow allows). Seems a very solvable problem for a budding social-minded entrepreneur.

alacombe 6y ago
If it does not include a 10-year mastermind bait-and-switch business plan, I doubt any VC/bank will put a dime toward it.
- ctdonath 6y ago
  Challenge Progressives to put their money where their ideals are: crowdsource it. Buy the subdivided lots and give them to prospective residents. Or some form of creative financing. Change the game; 1/4 acre lots for $10,000 are just sitting there waiting for someone to make 600 happen all at once. It’s doable. Those pining for better treatment and cheaper options should step up and make it happen.
bobyrne 6y ago
You forget subdivision regulations which will require roads, curbs, a drainage system (lines, catch basins, retention ponds). You'll need an engineer. You may need a sewer system or, if you install septic tanks, you'll have to go to half-acre lots. You'll have to file a plat in the Recorder's Office, so you can sell lots. You can't do that without planning commission approval.You'll need a surveyor. Whether the roads are public or private, they still require the same public standards, because fire trucks have to drive on them and, because the county may have to acquire them to maintain so they'll want them to meet a certain standard. All of these costs have to be paid upfront. There's more but you soon begin to realize that you can't get 600 lots on 150 acres nor will your costs be limited to $6MM.
- ctdonath 6y ago
  Of course there are more details and costs. Question is whether those lamenting the abuse by profiteers are willing to solve the problems (as they lament) by purchasing & developing a comparable & competitive property just 1.75 miles away ... or, by failing to, demonstrate that at least the abusing profiteers are in fact providing a competitive service vs merely lamenting. Your reasonable complaints do raise the point that zoning laws drive the cost of housing out of reach of the poor. Having infrastructure beyond mere sewage, electric, and a gravel road is of course desirable, yet what is gained if residents can’t afford it? At what point, and how, does reality collide with objective costs of good intentions? And yes, 150 acres divided by 600 lots is 0.25 acres per lot - plenty of room for a single-wide and share of infrastructure.

alacombe 6y ago

If it does not include a 10-year mastermind bait-and-switch business plan, I doubt any VC/bank will put a dime toward it.

ctdonath 6y ago
Challenge Progressives to put their money where their ideals are: crowdsource it. Buy the subdivided lots and give them to prospective residents. Or some form of creative financing. Change the game; 1/4 acre lots for $10,000 are just sitting there waiting for someone to make 600 happen all at once. It’s doable. Those pining for better treatment and cheaper options should step up and make it happen.

bobyrne 6y ago

You forget subdivision regulations which will require roads, curbs, a drainage system (lines, catch basins, retention ponds). You'll need an engineer. You may need a sewer system or, if you install septic tanks, you'll have to go to half-acre lots. You'll have to file a plat in the Recorder's Office, so you can sell lots. You can't do that without planning commission approval.You'll need a surveyor. Whether the roads are public or private, they still require the same public standards, because fire trucks have to drive on them and, because the county may have to acquire them to maintain so they'll want them to meet a certain standard. All of these costs have to be paid upfront. There's more but you soon begin to realize that you can't get 600 lots on 150 acres nor will your costs be limited to $6MM.

ctdonath 6y ago
Of course there are more details and costs. Question is whether those lamenting the abuse by profiteers are willing to solve the problems (as they lament) by purchasing & developing a comparable & competitive property just 1.75 miles away ... or, by failing to, demonstrate that at least the abusing profiteers are in fact providing a competitive service vs merely lamenting. Your reasonable complaints do raise the point that zoning laws drive the cost of housing out of reach of the poor. Having infrastructure beyond mere sewage, electric, and a gravel road is of course desirable, yet what is gained if residents can’t afford it? At what point, and how, does reality collide with objective costs of good intentions? And yes, 150 acres divided by 600 lots is 0.25 acres per lot - plenty of room for a single-wide and share of infrastructure.