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And after awhile you trailer becomes to old to accept into a new park so it is captive in the park you are at and they can increase fees on you forever.
by gscott 4y ago
And after awhile you trailer becomes to old to accept into a new park so it is captive in the park you are at and they can increase fees on you forever.
- StillBored 4y agoEven if you could find a park for them, after about 20-30 years they can't really be transported because the materials/glue/calk/etc they are manufactured with literally cracks, breaks and even disintegrates. AKA, moving one creates a lot of dynamic stress that breaks the roof seals, flooring, plumbing, etc. Leaving them sitting its possible to maintain them such that they remain waterproof, but as soon as you move it, they need a new roof coating at a minimum. Its largely why they lose value too. They need to really be treated as prefab, placed on a foundation and built around. Only one ends up replacing much of the thing over the long run as mobile home parts aren't as generic as normal houses, so one gradually has to replace the lightweight fixtures/windows/etc with normal builder grade hardware which weights significantly more before the mobile home specific parts become unavailable.
- SyzygistSix 4y agoAnd then knowing this, investors buy the land and jack up the rent a ridiculous amount. It's a predatory business that produces no value.
- SyzygistSix 4y agoBuying up the trailer park/land is becoming an increasingly predatory business model for investors, precisely because it is impractical/impossible and a poor economic decision to move manufactured housing or trailers.