“Trailer parks are very often developed by rural slum lords in bottoms subject to 50 year floods.”
The wife’s family trust owns 3 of them, fairly large. They are literally money-printing machines.
Carlyle Group (probably the most politically well connected private equity boys with HQ in Wash DC) is buying trailer parks.
That tells you how the smart money views the medium term future of America.
***They are literally money-printing machines.***
I knew a man who put three in a mile from us. One day I went by and noticed they all were empty, so I stopped to look around.
One tenant had used the other two trailer houses as targets as they were completely full of bullet holes. I later went by and saw him in the front yard shooting at a tree with an SKS. A few weeks later the tree was shot so much it fell over. This was a thick tree.
The tenant-poacher in now in prison on drug charges.
I knew a woman who also had several trailers on her farm over in Oklahoma. She had to get rid of all of them as the tenants stole everything that was not tied down and turned the trailers into meth labs.
For some reason trailers do not attract decent renters.