The scam with mobile homes is that you might be paying the loan on the depreciating asset (the physical unit) but paying rent (which probably goes up every year) on the appreciating asset (the land). If you're not renting the land, you're probably going to have a good time.
The scam with mobile homes is that you might be paying the loan on the depreciating asset (the physical unit) but paying rent (which probably goes up every year) on the appreciating asset (the land). If you're not renting the land, you're probably going to have a good time.
ahh ok so if you own the land it's all good?