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I pay about $2000 a year for property tax (It's in the boondocks). That's it. A land rent may be a big chunk of that every month. It varies a lot, so run the nu
by k310 1y ago
I pay about $2000 a year for property tax (It's in the boondocks). That's it. A land rent may be a big chunk of that every month. It varies a lot, so run the numbers.
A Condo owner owns the land and pays property tax and HOA fees, which can be steep, so there's land appreciation.
Why pay so much every month to get zero land equity and zero home maintenance?
Run some numbers. I did sometime back. And don't forget, these are microscopic lots. Barely room for a couple of storage shelves under a car awning.
The references say that the mobile homes depreciate, so they're not even worth moving, and landlords charge anyway. I linked to very short ones that bring up key issues.