is there a reason people might suddenly make a terrible investment because they need something desperately?
Mobile phone, mobile home, and a mobility scooter are the true trifecta.
I mean my mom's park is probably nicer than most but they're actually fine houses space-wise if only they held together better. Rather live there than a hideous mcmansion and the density is closer to what a real neighborhood should be like
They don't hold value like houses do, and unless you own the property you are at the whim of the lot owner.
My sister had one for years and years, thought she was saving money, and ended up with less than what she paid for it 10 years later.
Yeah it just sucks that 'profit' precedes 'having a nice home' in ever conversation everyone has about them. My mom won't make money off hers but she has a house
I'm sure there are decent ones out there, but the ones I'm familiar with are just stuffed into empty lots on secondary highways, with little to no access to towns / public services without driving or taking a bus. They're more like bulk storage than real neighborhoods. They certainly aren't built with anything in mind beyond the highest possible profit margin with the smallest initial investment.
Yeah I think my mom lives in like, the nicest (non-holiday-rental) park in the country, just from what I hear of the general condition of them
Fascism is the conditions of the imperial periphery coming to the core
They're for everyone! Gotta work hard to keep Warren Buffet's stock value high
They don't last long but my mom got hers because the price was good and she needed a place to live here. Seeing as a home as an 'investment' sucks (not that you're wrong about them not being flippable). Its a good place in a good location
The whole park used to be owned by the people who did 9/11 though. The residents have been trying to buy it to no avail