4 ms·
honestly speaking, I lived in both and I'd rather walk through a trailer park any day than an area of 'social housing'. there was no 'giving hundreds of billio
by autokad 11y ago
honestly speaking, I lived in both and I'd rather walk through a trailer park any day than an area of 'social housing'.
there was no 'giving hundreds of billions to gamblers' going on that I am aware of. The financial bailout was necessary, though not implemented terrifically, but the US/tax payers did make a healthy profit off the whole thing.
trailer parks aren't as profitable as made out to be in the article. sure, a few success stories. a high % of people in them do not pay their rent, and its very hard to make them leave when they do not - especially since you'd have to kick out half the park.
don't believe me? the number of people living in trailer parks is down significantly from the 1970s, when the rates were over 10%. In fact, had their 'financial crisis' story held up, there would be more people living in trailer parks today than in 2000, that's not true.
lots of trailer parks began drying up with access to FHA loans and low inflation. There's really not a good reason to own a trailer @350/month + paying real estate taxes (yeah, cities tax them AND the land under them) when you can buy a home and pay around 300-500/month in mortgage.