Posted on 03/27/2022 4:04:15 PM PDT by Theoria
Across the country, corporate landlords are expanding manufactured housing portfolios and driving up rents, pushing longtime residents out.
GOLDEN, Colo. — When Sarah Clement moved to the Golden Hills mobile home park two years ago, she felt like she had won the lottery. After years of squeezing into one-bedroom apartments with her, her 7-year-old son finally settled into his own bedroom, his toys splayed out in the yard and his school just at the edge of the park.
Ms. Clement loved the friendliness of her neighbors and getting to watch the sun rise over the scrubby mesa to her east and set behind the foothills of the Rocky Mountains to the west. And living there was affordable on her salary as an athletic trainer: After purchasing the manufactured home, the rent for the plot it sits on was just $625 a month.
But just six months after she moved in, the plot of land and all of the stability and comfort that came with it seemed suddenly ripped out from under her.
The Colorado couple that owned the park for years had put it up for sale. Ms. Clement and her neighbors knew that if the park was taken over by one of the big manufactured-housing operators who were buying up parks all over the state, the rents would dramatically increase.
“It was like this deflated feeling of, oh my god, I thought we had it — I thought this was where our roots were going to be,” Ms. Clement said.
Across the country, manufactured-housing park residents like Ms. Clement are finding their homes at the center of a bull’s-eye, as a deluge of investment companies expand their mobile-home park portfolios at a breakneck pace, threatening the stability of one of the nation’s few remaining sources of affordable housing.
(Excerpt) Read more at nytimes.com ...
It doesn’t sound like there’s enough housing with rent as high as it is. Mass immigration and refugees don’t help it.
Bfl
Here in SF Bay Area we can’t even get a shared room in a house with kitchen privileges for that price.
And the state governments and federal clowns are letting it happen.
No different than when the states and locals had out all sorts of tax breaks to companies. Nothing to protect the folks that are already there.
Their mantra, “you can’t afford the tax hikes that come with the new company that is going to bring 1000s upon 1000s upon 1000s of jobs( or not), tough Sh*t, move, we’ll find someone that can. We never liked you anyway.”
Absolutely zero reason for you to make a condescending and elitist statement like that.
For folks on here who call themselves Conservative and profess that they actually care about folks, some can be straight up arrogant POSs.
You have absolutely no idea what that persons life was like.
Sorry not everyone can be a bagillionaire like you, living in the lap of luxury.
Straight A-hole. No different than any of the hypocritical liberals that dot the land.
“Now it is New York money buying up rental property across the USA. That rent will flow to New York and not stay in the local economy.”
That money could very well be flowing to China. Blackstone is one of the funds buying up housing and they are rumored to be acting as an agent for China’s government investment fund.
But if not Blackstone, someone else may be since we apparently have no policy against foreign countries buying up residential property. Many countries do.
“Sorry not everyone can be a bagillionaire like you, living in the lap of luxury.”
You don’t know jack **** about me.
L
And since the 2008 crash, hedge funds have been doing the same thing to as many single family homes as possible. Sometimes snatching up entire inventories of foreclosures from banks and other holding companies.
Thus, doing their best to turn as many folks as possible into renters.
Nailed it. And our “elected representatives”, the ones supposed to be looking out for the common man, do nothing but cash checks.
Mobil home parks are one big scam.... the reason why is that everything in the contracts one signs is predatory and the fact that you own the house, and someone else owns the property, will tie the person to all the land use increases. a lot of times the person is unable to sublet in the contract and unable to sell because the owners will, after years of renting the property and having the rent increase, will be unable to sell it to anyone but the park itself because they must agree to the land rental terms. The park buys it decreases the rent on the property and someone else ends up in the trap.
Hey....LOTS of people can’t BUY a house, or even a trailer.
AMEN!
HEY, I know.
We worked our asses off to buy our house. What we didn’t do was rent the land it sits on.
L
Yup. Kinda descriptive. I perceive it is the precariat class that voted in Trump and got ripped off in 2020, had their votes stolen.
I'm so sick of self-righteousness like you're spewing. Your immediate reaction is to blame the mother for living in a trailer and not being a good person. She's doing the best she can for her and her child. You give conservatives a bad name.
Ikeon, maybe you need to go back to one of those decent churches to refresh your lessons as to how Jesus wants you to treat the less fortunate. You've obviously lost all your compassion - if you ever had any.
“many of them are actually decent places for ... younger folks just starting out.”
The first home we bought in our early 20s was a 12’x50’ in 1971. Perfect starter home. (Even better is the fact that it was in Alaska as the Alyeska Pipeline boom started. We sold it two years later for three times what we paid.)
Start small with what you can afford, and gradually upscale as you can. We weren’t stupid, or trash.
Our last one was 5000 sq. ft. on
I see where you’re going with this. I’m reluctantly siding with you. I can see his point as well, but he actually is putting too much burden on “good churches”. I’ve seen “good churches” throw dads to the curb. Modern christianity has been taken over by Luke 10:38 Marthas and lukewarm soyboys.
So stick your finger down your throat or something, instead of yabbering.
The vast majority of single-mom-hood is the result of bad decision making... on the part of the single mom. Are you actually arguing that?
And I'm not a "conservative," but thanks for the insult.
I’m not a “conservative,” but thanks for the insult….
??
What are you, then?
Well you touch on the issue of property taxes. Yes we must pay our taxes on the asset, if we own property.
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