HUGE MOBILE HOME CRISIS BEGINS ... Apparently They Are All Worthless [here's why] 

Beware...i sold my beautiful 2400 sq ft dbl wide because the lot rent became higher than my mortgage. They priced me out !! They dont even mow or shovel for us for $ 800 per month. Plus I paid state taxes on my garage ! Wt ! I didnt own the land .

Property taxes are being increased to force people out of their homes, especially the elderly and low income.

My grandson's significant other owned a old mobile home, 1980s, He put it on a piece of land he owns, gutted it totally, added a room, and rebuilt the whole thing. It's like a new home.

I bought my single wide that is 1200 square foot. I moved it to private land. I think that would be the best way to live a mobile home

I can't believe people buy homes with HOA's.If someone told me i couldnt fly a American flag because it offended them would get lnocked out

Mobile homes are selling for A LOT more now than they did a few years ago.

Got lucky! Retired 2010 to a 1100 ft sq mobile home in Archer FL on 1-1\2 acres & pd $35,000 cash. Added 2 sheds & large fenced back yd for our dogs. Have lived happily ever after so far!! Love your insights!❤❤❤

I live in a 1975 mobile home. I have more closet space than most of my friends in houses.

I paid $11, 500 for my trailer in 2011. Sold it in 2022 for $20,000 💰💰. CHEAPEST PLACE TO LIVE NO DOUBT.

My home was built 1921. Built very strong. I can not even hear when it storms outside. I wouldn't have newer ones. 2×4's, and pressed wood with siding stapled on. That's all they are.

My boyfriend and I bought a mobile home when we moved to NE Tennessee due to no apartment availability. WORST DECISION EVER. They buy old trailers and "remodel" them. It may look nice but you can slap paint in a pig all you want. We have been dealing with black mold from leaks in the roof, door, windows. I now have toxic mold poisoning and have been sick constantly. It's even starting to make my cat sick. Hopefully his job will relocate us soon.

Sold my parents Manufactured Home in a park for $215,000 2 years ago my father paid $33,000 for it in 2015

166 acres, paid off, 9 k office trailer, no indoor plumbing and no electricity. I have an antique wood stove and a huge hutch it gets 20°below zero in winter. Rough sometimes but I love it, i love the sense of freedom

If you think you own your home, try not paying taxes on it and you'll find out pretty quick that you don't

They stopped making “mobile homes” in the 70s when the government stepped in and began requiring safety standards. And, when built to safety standards, they are called manufactured homes.

We live in a mobile home totally paid for. We gutted in a few years ago and it’s better than we we bought it new

new homes are made with the crappiest materials. I watch them being built day by day all around muskegon riding my bike around the city each day. They are a really simple box with a few trims, amazing how such simple construction with such economy materials ends up costing so much. Older homes are made with old growth wood from old growth hard trees with real heavy plywood and sturdier materials.

WE'RE IN A 2 BDRM MOBILE HOME ON 1/2 ACRE LOT WITH NO HOA

I'm 73 and live in a mobile home in a 55 and over park. I HATE IT. Every time we get a raise in Social Security, the park owner raises the rent the little patch of land this trailer sits on. When I moved in here it was $375 now it's $555. Still I pay less than a rental house in a bad neighborhood. I want to buy a manufactured home on my own land.

I’ve lived in mobile homes, and scary how a ‘devil wind’ (like a tornado but small and not as strong) can toss them around. Plus if there’s a fire, they go up extremely fast.

The trick to a mobile home is to get your land first. You can even just rebuild from the bones of an old mobile home. It is good that they depreciate lower taxes. In some states the home is taxed like a car 84 dollars a year like Nevada.

I live in a mobile home, I love it. Fortunately I live in a nicer park with reasonable lot rent, sewer water and trash included. My home was built in 75 it a brick I have been through 95 mph winds and survived no problem newer homes around me crumbled. So yes older homes were Constructed out of much better materials and people back in those days took pride in their work unlike today.

My old man friend now pays 850 a month for his mobile home space rent. Their new contract doesnt include water or trash or yard maintenance anymore. Ppl on SSN cant afford space rent plus power plus food plus water plus gas plus plus plus. I feel so bad for these older folks that thought mobile homes were the way to go.

Central Florida senior here. Limited income. Live in a very nice 55+ community in a decent, comfortable, but older, doublewide manufactured home. Rental cost of the land upon which it sits is getting worse each year. Rumors are the owners are looking at a big increase. It's high already. Insurance available at major increase, but only with "qualified certified 4-pount inspection". No one I have spoken with has passed.their inspection. I suspect this was planned out by the few companies still "offering" policies. But facts are facts. And so it goes.... Lousy Social Security....higher expenses overall.... The future is NOT bright for a tremendous amount of us.....lots of units going up for sale....

Buying a mobile home is like buying a car they both lose money! Sad 😭 Today there is no cheap options.Its a crisis!🙏🤗💜

My mom had a three bedroom two bath double wide as big as a regular house but now they call them manufacturered home

Bought my mobile home in 2001.. just before interest rates started climbing.. it’s on 11/2 acres in the country.. payments and utilities run @ $1000,00. Per month.. I feel very lucky.. big garage and 2 small outbuildings. Has a large storm shelter. backyard is fenced for my two dogs..living large here, in middle Tennessee..

Good topic! I am glad you touched on this as I was looking at mobile homes just to curb my expenses. I now own a 102 year old house on a 3.8 acres. Makes me reconsider how blessed I am to even own my own place even if it dose need some updates! I seen someone had a FEMA mobile home for sale. I screamed!!! As it was found that these mobile homes have been made with hazardous materials!!!

The trick to having a mobile or modular home is to purchase land to put it on. Lot rent in parks will always go UP to leave you owning nothing. I was in a block home in Florida and saw the writing on the wall by 2010 when taxes did nothing but increase. At that point I looked for land and then purchased a mobile prior to selling our home. Land is PIF and home is PIF in 2026.

Buy a farm with at least 10+ acres for cheaper taxes with agriculture zoning

I dreamed of retiring in a vintage mobile home. I paid 4 times what it was worth, 1969 is the year and I need to do electrical work on it. Balsam wood are my walls and we only have power in it. But I love it and we live in a mountain park with great neighbors there are rumors that they want to sell it to bull doze the place and build Condos, I hope I'm gone to heaven b4 I have to deal. Alot of seniors will be homeless.

I live in my trailer on a mowed green grass 20 acre lot with a solid 5 acres to myself. I own everything I have and my bills for everything in my life are under 1,500 a month. I feel pretty good about it!!! Haha

My mom owns her mobile home, and pays $675/month for her lot fees. It’ll be a hunk of junk going off to the junk yard when she’s gone one day. As terrible as it sounds. Hers includes taxes, lawn care, and a pool. In central Fl. 💕❤️🫶🏻🐿️

I bought a double wide on private property. It has tripled in value because I own the land.

Mobile home parks are horrible

I loved when i lived a mobile home! I loved where it was! I would love to go back there!!

Another note about mobile homes and manufactured homes, if it's in place for a while you are a hostage because majority of parks will not accept coaches over 10 years old, so you can't move it anywhere

We bought a manufactured home in a 55+ Golf community 5 Years ago. 2 BR/2 bath. We own our land and are surrounded by a popular, fast growing community that has made our homes double and in some cases triple their value. We are gated and have 24/7 security with many amenities. These communities are available, but very few here in Florida. Problem now is the Insurance Companies are cancelling our insurance, as they are older homes.

I said this in another post somewhere, but I'll repeat it here. Mobile home parks are going away. Mobile homes, aren't Mobile, and the land they're sitting on is rented. I've lived in a Mobile home park, and that brutal truth became apparent when two other parks were bought and closed by developers. The tenants were evicted, the Mobile homes that couldn't be moved were bulldozed, and condos went up. All perfectly legal; and perfectly devastating to the low and fixed income folks that lived there. My advice: make plans and get out now, while you can. The clock is ticking.

I lived in a mobile home for approximately 10 years. it was solid and withstand all kinds of bad weather. I only had the shingles replaced during that time for a small leak and shingles only last so long, whatever roof they're on. I also looked at new mobile homes and some of those are rock solid. I remember one salesman pounded hard on the walls to show how solid they were. On the other hand, many of today's "regular" houses are far more expensive and they are shit. I wouldn't want to be in a storm in some of these newer houses. They are cheap in every way. As far as trailer parks are, the one I lived in was very respectable and certain standards and regulations were held for each resident. It was a nice, clean quiet place with good people.

In Texas a mobile home right now during this tornado season is pretty dangerous.

I live in a mobile home on my own land. All paid for. Cheap taxes.

My husband and I live in a mobile home in a mobile home park. We make decent money and choose to live in the mobile home community because it is cheap and gives us more money to save and purchase items we want. Best advice for living in a mobile home community...Stay to yourself.

I know mobile homes did lose value back in the 80s-90s. But since around 2000 I can show you quite a few that we’re priced at $80,000 around 2005 that are selling for $200,000 today. Everything is going up. Mobile homes included.

In N. Carolina if you put your double wide onto a brick foundation or with basement, they will view some as regular house.

I bought my mobile home in 2018 for $15,000 now the other home's in my park are selling for around 70,000

I live in a resident-owned community Mobile Home Park. All I can say is positive things. My mobile homes appreciation actually went up about $20,000 since I bought it in 2020. The lot fee is not necessarily for the land when you live in a resident owned community. The lot fee is $350/ mo for the water, trash, sewer and maintenance of the grounds including snow plowing the roads. We also own our water supply. My home was built in 1972 but it has been maintained very well. We have an HOA again resident owned. There 198 homes ranging from 2-4 bedrooms. There are single wide and double wide homes here. Our "clubhouse" doubles as a rec center and just started a children's library and computer hub for the residents. We have a mixed community and for the most part it's quiet, everyone gets along and tries to help each other in need. We have good sized lots. The homes are not on top of each other like some. We also have a lot of trees that are maintained - no barren wasteland. The lot fees are extremely low. I couldn't afford a conventional home. Well actually I could but don't want to. I guess it all depends on what part of the country you're in. Mobile homes are definitely worth it. When the mobile homes go up for sale here they go very quickly because they are high in demand. We've had some really severe storms here we get very high winds, Sometimes 60 to 70 mph. We've had an awful lot of rain in the winter is going to be pretty harsh. Make sure your home is on a slab and make sure it is tied down properly. My home does not move at all. Recently there was an earthquake in our area and I didn't even feel it. Everyone who wants to buy a mobile home here has to go through a background check. None of the mobile homes are rentals. We also have a neighborhood watch. We look out for one another. My suggestion is if you are going to be looking for a mobile home to live in, find a resident owned community. Everyone in the mobile home community owns the land. If you don't pay your mortgage they take your house if you don't pay your rent you get evicted. Solve for mobile home parks that are not resident-owned, what's the difference. The nice thing about resident owned community is also the park cannot be sold without the consent of the community as a whole. The state that I live in requires mobile home HOAs follow state law for co-op/condo HOA.

My situation is different. I bought land and purchased a new double wide to put on it 7 years ago. I have no mortgage. However, there is only one company that insures this kind of home in Indiana. This company does not insure cars or trucks, so combining insurance is not available. You wouldn't think this would make a difference, but over years it adds up. Also, what will happen if this company goes out of business? Can't imagine!

We have a 12X60 Mobil home that looks almost new we did sheet rock the walls it was all panels we have it at the back of our property for family that may need it

I did home loans for 6 years. Mobile homes are extremely hard to finance or refinance. You can’t have a mortgage on a trailer if you rent the lot it sits on.

We always called mobile homes "Tornado Bait"

Here in Missouri, pre-owned mobile homes are selling for three times more than what people paid for them new. The Californians that move here usually by them.

In Silicon Valley California old mobile homes sell for $400,000 when space rent is $1800+ per month. Still cheaper than a real house.

Having lived in mobile homes most of my life, the older (before 1975) are built far better and much stronger than these cardboard cut outs that they're calling "mobile homes" today. I would never buy the newer as they will NOT last.

I was in construction back in the early 80"s and we build homes with high quality materials, fur joists, not the plywood crap they have now. Get an older home if you want the best homes. I always tell people to check the basements if you can , see what they use for lumber materials.

You are totally wrong. They are selling for more than what people have paid for them. I have some family members who own them and they have APPRECIATED way more than what they paid for them.

Three manufactured home in my neighborhood on their own property have sold for over 400,000.00. I paid 150, OOO. Three bedrooms on an acre alot cheaper than buying a stick built.

Some parks have so many rules, you are sure to break something. They want to steal your home. Do not rent your land.

Growing up in Chicago I never saw mobile homes but then I moved to North Carolina and I finally saw the inside of one and I couldn’t believe how big it was! People have them everywhere here!

I'd never put any money into any housing that wasn't REAL property. A few years ago I got a solicitation for a seminar for investing in trailer parks. I looked into it and basically you buy a park, make a few inexpensive cosmetic improvements and then start jacking up the lot rents. They even made the point that residents really didn't have a choice as they couldn't afford the several thousand dollars that it takes to move the trailers so they'd have to abandon them which means you could rent it out to others, making even more money. Needless to say I didn't invest and needed a shower afterwards. Unfortunately this is what's going on across the country making trailer parks even less of an affordable option for lower income citizens. Like so many things, the solution is in the past...rather than tiny houses, it's small homes around 1,000-1,200 sq. ft. like the ones that sprung up post WWII on quarter acre lots.

We live in a concrete block condo with heavy duty Miami-Dade 160 mph accordion shutters in Palm Beach County. All mobile homes have to evacuate in a major storm even if not located in a coastal evacuation zone. So….not sure if MH’s even make sense in hurricane country.

I’m in California, Los Angeles County, we are definitely accruing equity here. My mom sold her last one for 100k about 5 years ago, recently sold for 247k. The rent starts at 1100 and this is not the expensive community, like the one up the street.

Its all about wants and needs..some have too much and most cant get started....there is a protocol for everything and it all starts with you

Real life fuels my stigma against low rent people being criminals

Mobile homes are in great demand because it's the cheapest cost of living today. You can make good money on your home

There is always those 15 minute cities where you can live in a 250 sq. ft. box.

I built a 1200 sq ft cabin for under $10k.

I own a regular home no mobile home fully owned no mortgage no rent

Happy Thursday!!!🐿❤❤❤

Yeah, I was told that I had one of two choices. Pay the 1500 dollar rent, (was 500 a few years ago) or go homeless. I chose a third option and built out a van. As a single dude im chucking away that 900 dollars I was paying, I have no electeicity bill despite using the same amount of electricity I have been using, I have no water bill because I process it myself, and I have no waste management because all of my trash fits in grocery bags that are tossed in gas station bins about once a week or as necessary. I take showers in the van, and yes you can do that if you know what you are doing and have it set up right. Im a single dude. Its amazing how much of a middle finger im able to put up to the false dichotomy of choices im given by people who don't see me as a person. Now I have enough savings and assets to live off of. Can't say the same for my peers.

1970 movie Love Story is where the line came from.

Owning a mobile home on someone elses land is a horrible idea because mobile homes are expensive to move, If its an RV, thats okay, this is because the landowner can charge you whatever they want and then you are stuck. Mobile homes or manufactured on your own land is fine. Manufactured homes with the land they are on hold up in value fine if maintained, even though the value of the manufactured home seperately from the land depreciates rapidly. Its due to the expense of moving it. But you normally wouldn't buy a site built house with the idea of moving the site built house later either.

Yeah but they don't cost as much and once paid off you don't have a note. So you can save that money

Trailer parks can be nice, it depends on management. I've seen decent ones go ghetto because management or owners didn't care. Maybe they call it park because that's where you park it, not sure just guessing.

Thanks, Michelle.

My sister sold her mobile home for double what she paid for it … as the market here started to boom!!!! No one ever saw these homes sky rocket so they did the math and decided even if they rented for double their mortgage they could still come out on top and wait for the market to slump again!!! So if you own one watch the market $60K to over $100K !!!! It’s always good to know what’s going on in your town and neighborhood !!!

I live in a double wide and we have a beautiful lake out back. It's very nice no complaints. The lot rent goes up like 15 bucks year. It's current is 750.00 now. Sad!!

Even if you own your land the government can still some and take it for eminent domain. Little Pink Houses is a must watch movie.

I've lived in a '56 trailer on my own land for 22 yrs. They don't make 'em like this anymore!

when I worked in tallahassee I purchased a small single wide mobile home for 1400. rent was 350 per month small park nice. office had a pool. 1987 year trailer. it was a nice trailer. It was cheaper then renting an apartment. when my contract was up I gave that trailer to family at the church that was homeless waiting for a apartment. 1000 sq 3 bedroom. nothing wrong with mobile homes. the park and the trailer are still there but were moved to a bigger lot.

We own a 1978 double wide on basement one 1⃣ acre yes updates have been done but valued at 127,0000 bought for 36,000. yikes

Mobile homes have always been a depreciating asset and difficult to get financing after the first sale. Same with double wides and all manufactured or non stick built homes.

Mobile homes come with big parking issues.....will be moving around a lot.

Bought a honda civic for 9gs. My rent is zero dollars a month

I lived in a one bedroom single wide mobile home. I now live in a 1910 two story, enclosed front porch, enclosed backporch, kitchen, dining room and three bedrooms. I had More room in the mobile home. I hate where I live as all my furniture doesn't fit.

Thank you for sharing. I prefer anything electric including a water heater.

I lived in a 4K sq ft home. Cost me $100+ for each day I woke up. At my older age, ONLY wanted a roof over my head and cash in my pocket. Mobile Home park I live in now trying to price everyone out to be able to rent for a higher rent than my current lease.

My kids are grown and I’ve had been blessed to still live with grown kids they helped me pay bill equal amount but they are wanting to move so I’m praying for my next move to be shown I’m thinking RV car and rent . Or a place I can afford alone

I owned my mobile home years ago but the land was leased and it was a nightmare. They wanted my big lot and my leased was grandfathered in and my rent was cheap and on the water. You have No rights!. If they want you out they will do anything including L13

We live in tornado alley and I get the jitters thinking about living in a mobile home.

I use to build manufactured homes and they will never last like my house that was built in 1902. But our property taxes are more now than what I payed for rent in my first apartment. So you never really own your property.

I've bought 2 newer homes, both crap! Now we own a 63! We love it! Remodeled when we purchased! So cute!

I bought a new mobile home it is more square ft.then my house in NY.so far I like it yes I do lease the land so far it is not to expensive it is in a regular neighborhood.some own their land some don’t here . I may look into buying my own land or lot to move it .

I pay $125 a month for lot rent. 1997 16x60 in the sticks and paid for. Best decision I made when I moved here. May be 7 other people live in this country setting and they own their mobile homes. So quiet and peaceful. I'd never live in a trailer park.

Christopher Reeves/Jane Seymour movie: Somewhere in Time

This is why I sold my house and bought a C class camper . I have full solar and I can live off the grid .

"If they think you don't know what's right or what's wrong " 🎉 exactly!!!!!!!!!! 🤔 Thinking about another situation right now.

FWIW, here’s the correct definitions: Mobile - built in a factory, on a trailer and was constructed in 1976 or earlier. No consistent code requirements Manufactured - built in a factory, on a trailer after 1976 and meets HUD building codes at the time of construction. Modular - built in a factory, placed on a trailer in order to move it to the building site where it is moved from the trailer to a permanent foundation. Built to current local Building codes. It took me a bit to wrap my head around the differences. There are a couple of manufacturers out there that build manufactured homes with 2x6 construction but many mfgs put lipstick on a pig, so to speak. We’ve been looking for a mfg house for two years now for use in a northern state where winter temperatures run into the -20 degrees F. Been looking at mfg homes due to real property taxes but we don’t want a second mortgage payment just to heat for 4 months out of the year.

I live in a mobile home my mom brought it in 1985 it's quiet next to a park. My rent is 589 a month. I am lucky where I am at. I can save a lot money . Yes value is garbage if I want to sell it.

You have to own your own land if you want to build equity. I would not want to be in a park and have to pay rent.