Posted on 07/18/2015 2:04:53 PM PDT by 2ndDivisionVet
Tony Hsieh could buy a private island if he wanted to.
The Zappos CEO has a reported net worth of $840 million.
But Hsieh chooses to live in a Las Vegas trailer park he owns, according to a recent profile in The New York Times.
The trailer park is "crammed with shiny silver Airstreams that are rented out to visiting computer coders," according to David Gelles at The Times.
Hsieh lives in a trailer in the community he calls "Llamapolis" with his pet alpaca.
The trailer park is part of Hsieh's $350 million investment into making Las Vegas a metropolitan city with thriving business and entertainment scenes....
(Excerpt) Read more at finance.yahoo.com ...
I live in a van down by the river.
Living in an Air Stream mobile home park is hardly roughing it
You don’t know JACK SQUAT!!
There are 5 stages to being drunk.....unless you live in a trailer park, then there are 6.
I live in a 2000 square feet mobile home on 6 acres of woods. Mobile homes are awesome bargains. I paid 45k cash and I put the rest of my (then) considerable income into my 401k and other stocks. When I got Obama’d out of a job about five years ago I started buying and refurbishing mobile homes. Fifteen hundred square feet rents for about the same amount whether you paid 175k or 50k for it. They cash flow. (Granted, they don’t appreciate, but if you look at all the costs stick-built homes, unless they are EXTREMELY well located won’t do nearly as well for you as a mobile home.)
We’re in a 3/1 singlewide that was originally built for FEMA in 2005 and later purchased by our park for rental. Does the job for us and is better than living in most apartments.
As long as I am comfortable, I’d be fine living in a trailer. There are also son very nice trailers.
I guess an Airstream is more stylish than your standard single wide mobile home, but they’re just rolled in and parked, no landscaping or anything. More like a campground.
There's a trick to that that I learned in mobile home sales & mortgages: Lease-to-own deals.
I’ve sold triple-wides that Don Trump wouldn’t have much trouble living in.
Smart. Stick-built neighborhoods can devaluate rapidly depending on what happens in and around them.
“Lease-to-own deals. “
Okay, my interest is on-point. Can you be more specific?
Not roughing it, but not the normal choice of someone worth $840M.
Nothing wrong with the Airstream living— its being bunched up close to others with little land that would bug me.
Did when I came to FR. Now, this little piggy has a house made of bricks.
But othing wrong with living in a trailer. Still had the other really important things while living there. Kids, pets, garden, etc...
I do not understand what is the big deal?
Even better, own the park, but not the homes. All the benefits of income property but the renters are responsible for their own maintenance and repairs. You just have to keep up the common areas and facilities. And if they move they’ll just sell it, so no vacancies.
Our Friends have a beautiful Trailer in Ventura, right near the Marina. They also own the Land it sits on.
Cost them a third of what a basic Single Family Home would Cost further away from the Water. Once inside you would never guess it was Mobile Home.
Someday, I wouldn’t mind putting up a Modular Home on some land. They are cheaper and built better than most On Site Construction Houses.
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