Posted on 03/27/2022 4:04:15 PM PDT by Theoria
Is this the same concept as manufactured housing on rented lots?
I know someone who owns a manufactured home, 1800 square feet, in good physical condition, but is on rented land. They own the manufactured home free and clear, but rent the land it sits on.
Point being, these people I know say they have no mortgage but do have a monthly rent payment far below what it would cost to have a mortgage or rent on a similar size home or apartment or condominium.
Anyway, it sounds like the key problem is if you don’t own the land your housing sits on, that’s where the problem comes in.
Anyway, it sounds like the key problem is if you don’t own the land your housing sits on, that’s where the problem comes in.
***The trick is to buy it alongside all your neighbors in a Tenancy In Common SACO “space-assignment co-ownerships”, then dividing up ownership to each tenant.
https://andysirkin.com/tenancy-in-common-tic/general-information/
She owned the trailer. The park may not be run down. The new owners probably had plans to have a HOA take control of the park and apply rules about landscaping, paint colors, vehicle parking, maintenance, pet ownership and signage being typical items under HOA scrutiny. Along with an HOA comes HOA fees. It is also possible the new owners only want mobile homes that are double wide and built after a certain year. Mostly for insurance purchases. If owner can’t get insurance for older mobile homes the park owners could be stuck with a lot of debris and headache in the event of a disaster.
Just because she's poor does not make her stupid.
Might one assume you're stupid because you're also a rude jackass?
Correlation does not equal causation.
Just because she's poor does not make her stupid.
Might one assume you're stupid because you're also a rude jackass?
Correlation does not equal causation.
Obvously Ms. Clement isn't endowed with the vast wealth you obviously are experiencing.
You comment is consistent with something out of the mouth of an elitist, liberal prick...........
“Poorer people gotta live too. She was trying to have a life for herself and her child.”
Absolutely. The arrogance of the financially secure is about to come to a screeching halt. Many who are arrogant now will be lucky to have a car to sleep in soon. Even those who should be doing well are only one paycheck away from losing everything and living in their car. One of my Daughters and her Husband are both nurses making $40 an hour and better. Even they and their kids are only one paycheck away from having to move into their car to survive.
You will own nothing and be happy.
Investors is just another way to say, “Blackrock” and George Soros.
My ex’s dad owned several old trailer parks - and they were the real deal when you think of “TRAILER parks”. Worst kind of investment in many ways. Maintenance of water and sewer systems, non-payers, left behind trashed out mobile homes, dog issues, drug issues. They owned one very small park that were all older people who had lived there for years - so that one wasn’t bad, but still had to go out in the middle of the night in freezing temps to deal with water issues.
“it sounds like the key problem is if you don’t own the land your housing sits on, that’s where the problem comes in.”
Except even then you never actually own it. You are just leasing it from the government.
They own their fabricated homes.
Its the lots are rented.
Almost no one ever moves their home.
It is done this way so they have some ability to keep the mobile home park at a certain level of quality as to who can live there and who cannot.
If hes collecting weekly, chances arehe isnt a higher end mobile home park. And that would be very frustrating.
There are no protections for people in these mobile homes from having the hell scammed out of them.
We know darn well thses people will be drummed out onto the street and illegals and refugees will be moved in with the taxpayers paying the bill for them.
If a person is in a mobile home I rather doubt they can afford $1500-2000 a month. But they could with big taxpayer funded subsidies that an American won’t qualify for.
Summed up nicely. Single parenthood has contributed to the housing crisis
Yep, absolutely. And if I am not mistaken, these rental owners can write off a loss if they are empty? In which case they would not care if they are all rented or not due to the rate.
One solution. The perfect grid. Vacant lots with an ally out back to feed the utilities. Start with small in-law units. Then take the time to develop the front yard with a big 3br house. The Salton Sea area started out that way until the water started stinking-sulfur. No clean water.
“The term is a portmanteau merging precarious with proletariat.”
If I had to pay $625 a month for a tiny strip for a tin house to sit on, it better include utilities, meals and conjugal privileges with a hotty of my choice.
Wall Street’s scorched earth war against Americans too poor to buy a house enters phase 2.
Here’s an article on the previous program for buying up single family homes:
Blackstone is the world’s largest investment fund. If you wonder who is making the above market, full cash offers for California SFHs this is part of the answer. It’s why you don’t have a prayer of competing with them.
Blackstone is also rumored to be acting as the agent for a CCP investment fund that is buying up single family houses. Plan on being a renter, serf.
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