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Investors Are Buying Mobile Home Parks. Residents Are Paying a Price.
The New York Times ^ | 27 March 2022 | Sophie Kasakove

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 ...


TOPICS: Business/Economy; Culture/Society
KEYWORDS: colorado; economy; housing; mobilehome; realestate; reaty; renting
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To: AAABEST

And I’m not a “conservative,” but thanks for the insult.
***This is a conservative website. How the hell is being a conservative an insult?


61 posted on 03/27/2022 6:31:11 PM PDT by Kevmo (Give back Ukes their Nukes https://freerepublic.com/focus/news/4044080/posts)
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To: Jane Long

If you want to sew little labels to your ass to define yourself to others, that’s awesome.

Personally, I won’t associate myself with rattletrap imbeciles like Sean Hannity, and really, about 1/3 of the membership here.


62 posted on 03/27/2022 6:37:12 PM PDT by AAABEST ( NY/DC/LA media/political/military industrial complex DELENDA EST)
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To: Dilbert San Diego

And if you don’t the government redistributes it without compensation as public owned property. So it never really does belong to us. There is always a perpetual lien of ownership against it for extortion fees. It is a protection racket.


63 posted on 03/27/2022 6:37:54 PM PDT by Openurmind (The ultimate test of a moral society is the kind of world it leaves to its children. ~ D. Bonhoeffer)
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To: Kevmo

You mean like when GWB was singing up for every war in every $**thole and “conservatives” all 👍🏿 got right in line?

Fk those conservatives. If it was you, fk you too.

Okay?


64 posted on 03/27/2022 6:58:06 PM PDT by AAABEST ( NY/DC/LA media/political/military industrial complex DELENDA EST)
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To: Lurker
On rented property? Ms. Clement is stupid.

No, she's poor.

65 posted on 03/27/2022 7:03:05 PM PDT by FReepaholic (Stupidity is not a crime, so you're free to go.)
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To: AAABEST

Whoa….hoping you are okay. FRiend.

This is a known conservative website.

You didn’t answer my question, btw.

Wishing you peace.


66 posted on 03/27/2022 7:06:40 PM PDT by Jane Long (What we were told was a “conspiracy theory” in 2020 is now fact. 🙏🏻 Ps 33:12)
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To: Theoria

Bkmk


67 posted on 03/27/2022 7:14:45 PM PDT by sauropod (So may we start? When can we start?)
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To: Jane Long
This is a known conservative website

Sorry, but I'm not in your little club. I never, at any point was in my membership here was, and would never want to be.

And, thank you for the insincerity, I've never been better. Much better than "okay."

68 posted on 03/27/2022 7:35:33 PM PDT by AAABEST ( NY/DC/LA media/political/military industrial complex DELENDA EST)
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To: AAABEST

😂😂

👍🏻👍🏻

🙃


69 posted on 03/27/2022 7:39:45 PM PDT by Jane Long (What we were told was a “conspiracy theory” in 2020 is now fact. 🙏🏻 Ps 33:12)
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To: AAABEST

You mean like you are not conservative, posting on a conservative site? That’s what I mean. Is that what you mean, Mr. NOT Conservative?


70 posted on 03/27/2022 7:48:59 PM PDT by Kevmo (Give back Ukes their Nukes https://freerepublic.com/focus/news/4044080/posts)
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To: Secret Agent Man

“Almost no one ever moves their home”.

Florida has made it illegal to move your mobile home if it’s “so-many” years old.


71 posted on 03/27/2022 7:52:02 PM PDT by Does so (https://youtu.be/3PxEWB6W8ig ......Ukraine Independence Day Parade. Anthem starts at 15:00)
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To: grey_whiskers
“Investors”

From Beijing?

72 posted on 03/27/2022 7:54:31 PM PDT by dfwgator (Endut! Hoch Hech!)
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To: Renfrew
"Now it is New York money buying up rental property across the USA".

Would that include Blackrock?

73 posted on 03/27/2022 7:55:58 PM PDT by Does so (https://youtu.be/3PxEWB6W8ig ......Ukraine Independence Day Parade. Anthem starts at 15:00)
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To: Dilbert San Diego
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.

If you think you own the land your property sits on, try not paying your Property Tax bill.

74 posted on 03/27/2022 7:56:04 PM PDT by dfwgator (Endut! Hoch Hech!)
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To: Lurker
On rented property? Ms. Clement is stupid.

How are you and I any different? Try not paying your IL State Real Estate Taxes and see what happens.

We don't OWN our property here either. Try not paying these sky-high taxes and watch what the state does. TAXES = RENT here as far as I'm concerned.

75 posted on 03/27/2022 7:57:35 PM PDT by usconservative (When The Ballot Box No Longer Counts, The Ammunition Box Does. (What's In Your Ammo Box?))
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To: Kevmo
Do you not have any familiarity with my posts and ideas by now? I'm 100% sure we've conversed many times.

I won't go around calling myself what you call yourself... so I guess that's bad or whatever. Fine.

So I apologize for being bad. Are we good?

76 posted on 03/27/2022 7:57:41 PM PDT by AAABEST ( NY/DC/LA media/political/military industrial complex DELENDA EST)
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To: AAABEST

You have a lot of self loathing or guilt? (Rhetorical question, I really don’t care) because you’re here for a long long time. Self punishment?

Seems too much effort, and too much literacy for you to be a troll.

Whatever.


77 posted on 03/27/2022 7:58:25 PM PDT by drSteve78 (Je suis Deplorable STILL)
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To: Renfrew
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. The red states are becoming colonies of the coastal cities with every industry based in blue states being funded by the heartland.

Call it what it is: POTTERSVILLE.

That's the dream the elites have for the rest of us. You will own nothing and be happy.

78 posted on 03/27/2022 8:00:55 PM PDT by usconservative (When The Ballot Box No Longer Counts, The Ammunition Box Does. (What's In Your Ammo Box?))
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To: drSteve78; Jane Long
You have a lot of self loathing or guilt? (Rhetorical question..

Neither... masochist.

I like when Jane passive-aggressively abuses me... while feigning concern.

79 posted on 03/27/2022 8:06:06 PM PDT by AAABEST ( NY/DC/LA media/political/military industrial complex DELENDA EST)
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To: AAABEST

Oh, I actually was concerned.

Now, I’m not.

Have a good evening.

(I mean that 😉)


80 posted on 03/27/2022 8:14:50 PM PDT by Jane Long (What we were told was a “conspiracy theory” in 2020 is now fact. 🙏🏻 Ps 33:12)
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