4 ms·
the problem being you often don't own the land the home is on. there's also very little if any appreciation of the whole thing like there is in free-standing si
by gigatexal 4y ago
the problem being you often don't own the land the home is on. there's also very little if any appreciation of the whole thing like there is in free-standing single family housing.
- thaumasiotes 4y agoFree-standing single family housing doesn't appreciate either. Like any other manufactured good, it starts out new and deteriorates over time. The land is what appreciates.
- lotsofpulp 4y agoWith skilled manual labor supply trending the way it is, I can see this changing.
- gigatexal 4y agoare you saying a single family house on a plot of land doesn't appreciate? that's an interesting take making the home worthless but an empty lot in a subdivision is worth less than one with a home on it -- from what I've seen, anyway.
- thaumasiotes 4y ago> that's an interesting take making the home worthless but an empty lot in a subdivision is worth less than one with a home on it -- from what I've seen, anyway The value of the home declines over time as the home deteriorates. No one said the home is worthless, although that is indeed sometimes the case. An empty lot should be worth less than a lot with a functional home on it (if your goal is to put a home on your lot), but the lot with an old house on it is worth less than the one with a new house. Houses don't appreciate, no.
- rascul 4y ago> the problem being you often don't own the land the home is on. That's typical for trailer parks. I understand mobile home parks to actually be in the minority here. Most mobile homes are either rented out like a typical house, or the homeowner owns both the mobile home and the land.