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Small problem - investment groups have realized there’s money to be squeezed out of the tenants. If you can find a co-op park, or something with strong tenant

Small problem - investment groups have realized there’s money to be squeezed out of the tenants. If you can find a co-op park, or something with strong tenant rights and price controls, it might make sense. But buying a MH in a park owned by a family runs the risk of astronomic rent increases and reduced services should the family sell to one of several professional investments groups. https://www.newyorker.com/magazine/2021/03/15/what-happens-when-investment-firms-acquire-trailer-parks https://www.newyorker.com/magazine/2021/03/15/what-happens-w...

_carbyau_ 4y ago
What I absorbed: housing shouldn't be an investment market, otherwise investors try to suck the money out of everyone. Whatever corner they try to hide.
- MilnerRoute 4y ago
  That's actually one of the big problems with buying a mobile home. They don't really increase in value (as much as, say, owning a traditional home).
- djbebs 4y ago
  You understand that investors are providing a needed service, right? Their existence in the market doesn't stop you from existing.
  - lm28469 4y ago
    We collectively decide what's ok or not. The market is man made, man regulated, if tomorrow we decide housing is a basic necessity we can change that Meanwhile we let the Qataris &co buy flats in Europe capitals and keep them empty as investments vessels, I find that much more disgusting that "think of the investors =("
    - djbebs 4y ago
      Again, how does the existence of investors making money by providing housing prevent you from providing housing at below market cost? You'll find that it doesn't. That any such restrictions are political decisions not investor decisions.
dave333 4y ago
I wrote about the space rent issue. The bottom line is you may have to abandon your MH or sell it cheap if an investor jacks up the space rent, but the MH cost split over the time of your residency would be relatively small. Example $100k MH over 8 years is about $1k/month worst case.

_carbyau_ 4y ago

What I absorbed: housing shouldn't be an investment market, otherwise investors try to suck the money out of everyone. Whatever corner they try to hide.

MilnerRoute 4y ago
That's actually one of the big problems with buying a mobile home. They don't really increase in value (as much as, say, owning a traditional home).
djbebs 4y ago
You understand that investors are providing a needed service, right? Their existence in the market doesn't stop you from existing.
- lm28469 4y ago
  We collectively decide what's ok or not. The market is man made, man regulated, if tomorrow we decide housing is a basic necessity we can change that Meanwhile we let the Qataris &co buy flats in Europe capitals and keep them empty as investments vessels, I find that much more disgusting that "think of the investors =("
  - djbebs 4y ago
    Again, how does the existence of investors making money by providing housing prevent you from providing housing at below market cost? You'll find that it doesn't. That any such restrictions are political decisions not investor decisions.

dave333 4y ago

I wrote about the space rent issue. The bottom line is you may have to abandon your MH or sell it cheap if an investor jacks up the space rent, but the MH cost split over the time of your residency would be relatively small. Example $100k MH over 8 years is about $1k/month worst case.