Mobile homes, although often affordable, come with a vulnerability that some landlords are using to test the strength of Bay Area rent-control laws. John Ramos reports. (1-14-24)
plus people fail to learn more to earn more and provide for themselves and the children they can't pay for. No surprise property is valuable now. Probably going to build a high rise what can house 50 times more families than in a single row of trailers.
I sold my home in a park owned by Harmony in Calif. It was a senior park and they turned it an all age park. The rent tripled. I sold moved out of state and bought a mobile home on a lot that I own. Its the only way to go. People today are too greedy.
@@Pete.across.the.streetthat’s not true. Lots of people own mobile homes on their own land. It’s just like having a brick or block build home on your land.
@@hadley407 no it's not. Houses increase in value. Mobile homes dramatically decrease in value. Mobile homes also need to be disposed of, aren't safe in natural disasters, and deteriorate quickly.
@@Pete.across.the.street I put a fifth wheel on a rv condo lot in a trailer park that I own with a deeded lot. I can live there comfortably for nine months out of the year (it was pretty inexpensive at the time). Three months a year I’m a snowbird, leave my fifth wheel parked at the rv condo and rent something in warmer weather for three months. Works for me.
"reasonable return on investment" And these type of people wonder why everyone hates bankers, investors, landlords, etc. Honestly, it's too bad the tenants couldn't simply pool enough money together to buy out the landlord.
That, AND you are NOT GUARANTEED a return on investment. Just like the stock market, it could crash at any moment. You can't kick other people out of their homes just because you're not seeing your value increase. I can't believe homeowners came back with that.
@@dcg590first off these owners are new they had planned to kick everyone out just to make more money since they only care about money now tell me do you only care about money I’m guessing you do.
If every tenant could buy them out it would still be chaotic as not every tenant has the same amount equal to pitch their fair share, that means some could put out several hundreds or several thousands...then it would be a headache for everyone involved.
I was thinking about buying a 4 bedroom mobile home that would be about $1500 per month. I contacted a mobil home community office to inquire on the cost to have my home delivered there, and they quoted me $895 lot fee per month just to live there. I decided it would be best and more affordable to buy some land outside the city limit and set it up there.
This has been going on for a few years. If your mobile home community hasn't been sold to WS yet, the community really needs to TRY to pool their funds and buy the park first. Otherwise Investors are throwing major cash to buy these parks and they will squeeze these tenants dry and leave them homeless.
That is exactly what they need to do. California does have a program to help with this. The long play for the investors is that the parks are worth more vacant. And Sandra Day O'Connor wrote that they have the right to terminate the tenancy in 6-12 months and change the use of the property.
@@vvolfflovvIt IS NOT THE EXPENSE! Necessarily. Banks, zoning boards, town councils, will only ALLOW certain types of dwellings. That, to me is what sux! A hardworking, law-abiding individual deserves a safe, attractive place to call their own.
The owners bought these properties knowing full well they had rent control. Seems like a scam trying to change to terms that these properties were purchased under. Hopefully they don't pay off someone in the county to give them what they want.
@@kaitbtsarmyot7ilovejesus Yes - they do and they can move the structure to another area. Don't EVER purchase a home but not the land beneath. Terrible decision.
Greed. Nothing more, nothing less. These owners knew what they were buying when they purchase the parks, but now want to change the rules. I sincerely hope Government officials stand strong against these greedy bastards.
They usually won't despite all the talk. Often the only viable way is for residents to collectively negotiate a buyout with the new owner. Then convert it to a homeowner association (HOA). This occasionally happens, so it can be done.
Leave these people alone! Life is expensive enough in the Bay Area. I would love to see the owners of this park live in one of these mobile homes. The Bay Area’s gone bonkers and it’s sad.
Since you feel strongly about forcing people to share their assets, why dont you take in a homeless person into your room and let them stay for free, indefinitely. Either that, or give them half of all your money in your account.
The cost of living in this State is outlandish. The problem renters are facing now is the rest of the country is starting to catch up with market speculators and big investors manipulating the markets moving into less desirable areas. They can move but the problem is now becoming Nationwide. A big investor bought 300 homes in the Las Vegas area in one move recently. Nobody can compete with that kind of buying power.
How much are the owners charging? I don't see it disclosed on zillow either, but the monthly rent should not be a secret as it is the main expense facing anyone thinking of buying a mobile home. They really are stuck if they own the home, as it might be very hard to find a place to move it and very difficult as well, especially if it is older. The county should open their own parks to provide housing stability for people in need, and let the greedy take their greed elsewhere. Simple hookups and a stable neighborhood make a world of difference to people just wanting a place to call home.
Looking online around land rent is $450 - $750 ATM. So im guessing owners want 900-$1500 a month at least. Reality is they could level the whole thing and make apts and get 1500-$2500 per unit. So pushing the owners like they are bad people, may as well be rich bad people.
I live in south east Pennsylvania about 50 miles north of Philadelphia. I moved into the park in 2019. The lot rent was 750.00 per month. The rent now is close to 900.00 plus we have to pay water,trash and taxes . I paid 14k for a two bed home. IDK what to say about it other then this was a stepping stone for me ans plan to move as soon as i have the cash saved to buy a house outright in the next yr or so. its all about the money people. Things are going to change in a big way in the US so be patient. These criminals are Not untouchable. Be Smart..
Hi, I just purchased a mobile home in Fairless hills I owned my home many yrs. Sold it needed to downsize any way this place has raised the rent by $30.00 I still have to pay my propane my water my electric ect. Ect. I’m on my way outta here. When I bought mobile home over $100,000 I was told rent ONLY went up &10 to $15 a yr. Scammers and liars so horrible I wonder how these ppl sleep at night
Even if you do buy land, you pay tax on it for eternity!!! Do you ever really own something when the government can take it away if you don't pay your tax(fees, fines)???
The bank will take away your home just the same if you can't pay the mortgage. The HOA, too, can foreclose and sell the home from under you. The "government" isn't the only bogeyman.
Maybe allowing corporate investors and investment companies to come in buy as much residential property as they wanted wasn't such a great idea. Their goal in to make money and they simply don't care about the people or who is affected by it.
Question…. Does the taxes and cost to maintain stay low since the rent must remain low? The answer is NO. Rent will rise to keep up with inflation. What do you expect the landlord to do…. Pay out of his pocket😂
Corporations have already purchased the Land right underneath the Mobile Home owners. So, therefore, they are running them out by intentionally charging High rent because the Corporations know that the Mobile owners do (NOT) have the money 🙄
It's truly tiring to see people buy out these affordable housing parks, only to jack up the prices by as much as 300%. I've seen it happen three times now near where I live, and each time it's the same story, new management doesn't want to listen to the residents pleas, the residents that can't afford the new pricing end up having to leave the place they've been calling home for a few decades, then a new family moves in for about a year only to end up leaving because they can't keep up with the costs. We really need protections against these "investors" malicious intent. They just want to make sure they can charge as much as possible in rent, for both the home and the land. I'm lucky to have owned my trailer for the last 30 years, but I do fear having to sell the trailer at some point due to rising costs y>y.
You dont know anything about business do you? Old owners owe little to nothing. They sell for a large amount, maybe to retire because they were smart buying land and renting. Now new owners have a massive mortgage, rent goes up. What dont you get? These people knew the deal when they moved in. Now they’re mad? They chose this life.
Those mobile home landlords are openly challenging those incompetent politicians working in the County of Sonoma by brazenly making their own laws. Protestors should go to the County Court House for this fight of unlawful rental increases.
They will need to prepare for a Supreme Court challenge. I'm sure The Pacific Legal Foundation is watching this. Given the 6-3 court and its Cedar Point Nursery v Hassid decision, I would start looking at affordable housing strategies without rent control or just-cause eviction rules. We could look to the states that many California housing refugees are to as they have much more affordable housing and no rent control or just-cause eviction rules.
To paraphrase Norm MacDonald: The landlords, even though very rich already, are saddened when they look around and see that there are still people with any money whatsoever.
This is really how I feel it is. They have a captive market, so they'll just keep raising the price until something forces them to stop. If people just keep paying these prices, there's no reason for them not to raise them. There's 1 bedroom apartments in San Diego going for 6k a month, and they have a WAITING LIST. That's the problem is idiots are willing to pay these prices
The best solution is for the city to invoke eminent domain on the property, pay the land lord a fair rate for it. And then let the residents buy each parcel underneath their home. Do to the rich landlord. What the rich landlord wants to do to those poor people.
do NOT buy a condo! I fell for that. You get massive assessments against them. I was fortunate enough to be able to sell and get the buyer to pay my assessment (hot market) but knew a much bigger one would be coming in a few years. We are talking big bucks. Plus HOA fees will skyrocket just like mobile park rent. Just don't lol
It should be illegal for profit corporations to own residential properties! These corporations sell their shares to retirees as investments and the only way to get more investors is to raise the returns on other people’s backs! That should be illegal!
Spoken like someone who will never own anything. Because if you did, and you earned it, you’d feel differently. Even if it was one property with 3 apartments. Would you let them live there while you make zero money? Or take a loss so your tenants don’t do this garbage? No. You wouldn’t.
@@dcg590 Not everyone that rents is garbage and not everyone that can’t afford a 500k home at 7% interest doesn’t deserve an owner occupied home! You paint with a broad brush! And I do own my own home bought 20 years ago making 13.50 per hour at that time and my house was only 135k at 7% which was very affordable! Plus I have a home to retire to also!
I am having the same issue here in Miami Florida. Now since I am the voice of the poor people. The owner and their pitbull x -manager are harassing me and going around the Mobile home parks trying to get signatures to evict me Is there any Help out there ? This is illegal!!!! What happened to the American Dream???
because there have been influencers on social media that have been saying this is a good way to make money for years. You have a captive audience of desperate low income people with no leverage (not easy to move a mobile home and you don't own the land). You can charge them whatever you can get out of them for utiltites, lot rent, laundry, etc because they literally have no other choice. In terms of the long game if you can have the land re-zoned to more traditional housing that is a huge profit right there. Some mobile home park owners focus on just renting to farm workers or registered sex offenders. There is a lot of money to be made from poverty. Mobile home parks, payday loans, title loans, by here pay here pot lots, tattoo parlors, selling cigarettes one by one, the list goes on and on.
Because the vacant land has more value than the park with 100% occupancy. And the Supreme Court's decision that upheld rent control in mobile home parks Yee v Escondido made it clear that the mobile home park owner has the right to convert the use of the park in 6 to 12 months and it would have been a whole different case had it been otherwise.
@@CoolHand273 not to mention the government making money off the poor with lottery tickets, they will find a way to tax everything, even the poor, lotteries are a tax on poverty
There’s been a proliferation of workshops in the past decade that tells exploitive investors that they should buy trailer parks because they’re full of poor people with limited means to fight back
@@tednguyen7258Do tell why. These people can't just pick up and move. Do you have any idea how much it would cost to move a traylor. They might as well just hand the keys over to the landlord
i almost bought a mobile home once...this is the rason why i didnt...i just rented a room instead...yes i feel sorry for these people....im no landlord...i knew the risk...
Interesting that there seems to be no options for affordable housing for young people. The home flippers & investors own empty homes as investments.50 years ago, my Dad traded some furniture & a ford pick-up plus a Lincoln Continental for the 3 acres we now live on. In 1999, we bought a double wide manufactured home, which we paid off a year or 2 ago. As many comments here suggest; if buying a mobile home, buying the land makes sense. If renting the lot it is parked on, you put yourself at a landlord's mercy & you may as well have rented an apartment. The Brandon Administration's hyper-inflation has de-valued The American Dollar. It used to be worth a dime, now, only a penny. That is why you do not vote for stupid incompetent globalist buffoons. Now there are 10 million illegal invaders also in need of housing ... or deportation.
This is always a risk when you don't own the lot. Still, I think rent increases over 5% should have at least a few months' notice, and up to a year if the resident is elderly, or the trailer is not road-worthy.
Living expenses and taxes and insurance have risen 30% but you think the landlord should have to eat that because……. The landlord is running a business. Their costs have risen too. But 3%? You’re entitled. These people knew the deal when they moved there. Now they’re mad? They can look in th mirror at who to be mad at
The video said the rents went up 300% for one of the parks and maybe 100% at others. Blah blah blah protect landlords what? These landlords are raising rent too many times in a year. My landlord raised my rent 3x this year. It's untenable and it's going up yet again. Meanwhile, he's hurting so badly that he hasn't cut his eating out everyday budget. I'm sure it's just that the stocks are down a certain %. Tenants have rights too and there needs to be laws to protect them from unfair practices like unfair evictions and too frequent and excessive amounts of fees and rent increases. @@dcg590
California does have a program to fund conversion to owner-occupied co-ops or nonprofit-owned parks but the land owner is still entitled to market rate. The park residents no longer get subsidized by the owner and the mobile home owners will no longer be able to sell their $5,000 mobile home $90,000 because it is in a good park.
A reasonable return on their investment? What 😯 investment? What was the original investment? More than likely they have recouped that ten times over by now.
@@aulii11 NEVER NEVER place something you own on land you do not own or you deserve what you get. My husband and I bought a home using a 1227 a month SSDI income with ZERO money down, we bough the land it sits on. It actually IS possible!
The idea of going into debt to buy the depreciating asset and then renting the appreciating asset never made any sense to me. Maybe a short-term arrangement with an RV or a long-term lease for the effective service life of the mobile home.
@@mwatercress Much, if not most, of the residential property in Honolulu is owned by large trusts or corporations, so if you buy a home you own the dwelling but not the land it is situated on, you lease that. At least that's the way it was all my life until we moved away in 1987, it could be different now. Sometimes there's not much choice.
NEVER BUY A MOBILE HOME. I live in my mom's and it's falling apart. At best, with care, a mobile home can last, at most, 50 years. The whole things is like a cardboard house made with cheap materials.
You can replace anything in them, you know this right? It's just drywall and framing and siding. You could take a 30 year old mobile home and replace everything inside with solid wood if you chose to
I live in Indiana and looked into buying a mobile home and putting it on a piece of land and I was told you can't do that you have to have it inside of a mobile home park.
People need to organize and lobby their cities counties and state legislatures to maintain affordable housing the corruption wiping out affordable mobile home communities across the country needs to be put a stop to.
Never heard in America about a Food price control for the supermarkets , or Car price control for new cars.....and so on , and so on.........NEVER.....!!!!!!!!!!!!!!!!!!!!
These are a few rich people putting their money together buying a mobile home park and squeezing people on moderate fixed incomes so they can become even richer.
We bought our park in MA two years ago when the owner wanted to retire and no one in the family wanted to run the business. A Florida firm made an offer to buy the park. In MA has a law that gives the residents the first right of refusal to buy the park. There is a non profit that helped us buy the park and do the legal work to defeat the new buyer in housing court. It was difficult and the rent had to go up $200 per month. However, now the park being resident owned, the value of the homes went up 20-40k depending on the age and condition. I was a win for the residents in the long run.
Old Time Landlords have worked many years, many times giving people a break on rents. These old people want their Retirement they worked for. Selling at Market Rate means, the tenants need to pay Market Rent prices. To a New LandLord. That spent a premium on the project.
The people that live in these parks can buy the park themselves as a group. A New Landlord needs to at a minimum make enough to cover the bills. Property Taxes go up every year. Insurance,etc. You voted for free stuff, this Is what it cost.
The video said the rents went up 300% i.e. they TRIPLED from say $800 to $2,400. Yeah, pay $2,400 a month for a shitbox mobilehome on minimum wage job? right.
@murraymadness4674 Minimum wage jobs are entry-level jobs, never meant to support a family. They are for teenagers' 1st job, & retired people looking for something to do. You haven't seen anything yet. Tesla is making Bots that will be online in 2024. The homeless population will explode. Do you know what UBI is ?
They can pool their money, create an HOA and run it themselves - but they need to have the majority of mobile home owners do this - the passive tenants cannot just coast by and not make these difficult decisions. I’m sure there is funding to help them The states could also help the private (non corporate owners) help keep it affordable with low interest loans for infrastructure It seems like common sense - yet not so common
Rent is out of control in the Bay area, and people wonder why there is a homeless problem. But dont worry citizens, we have tax credits for wealthy people to buy $55000 teslas
In Phoenix 3 mobile home parks were bought out and are being replaced with expensive hirise apartments. Some of the homes are so old they will crumble if loaded on a truck and moved. Phoenix will collect tons in new property taxes - they should pay for the relocation.
I don’t know that the tax payers should be burdened with the cost of relocation. The trailers can be moved by the owners, it is beyond the means of many residents to do so….I don’t want my taxes to go up in order to support other folks poor decisions…
Those people are there because they couldn’t get it together to buy a house. Now you think they could co-own a commercial development? That is so crazy that people blurt out that idea like it’s remotely serious.
These places tend to be so CUTE! People have pride-of-place. The many benefits to the local community include: better health of residents, more discretionary income to boost local, small businesses, lower crime, a more attractive town to entice more residents, and other almost indescribable things that happen when human beings are allowed to flourish.
Why can't the city county buy land & rent it out at stable & reasonable prices to trailer homeowners?! The cards are so stacked up against low & middle income folks versus moneyed investors that ppl need help & some breathing space. It should be illegal for corporations, foreign investors to buy homes & land for housing!!
It’s HAPPENING HERE in FIARLESS HILLS PA. Property rent is increasing more and more every yr. THIS HAS GOT TO STOP SENATORS GOVERNMENT WHERE ARE YOU WE NEED YOU TO STOP INCREASES IN MOBILE HOME PARKS IN PA. And EVERYWHERE 😢
The new property owners bought that mobile park know damn well how much they were getting. There was no surprise it’s called due diligence. So how can they now take the city or county to court saying they are “due a reasonable return on investment….. Ummmm you knew the return, so the lawsuit is un due and the city should send them the bill for even filing it. STAND UP
I think it is long overdue for cities and towns to take the owners advice and build low income housing that is not subject to market speculation or market rate increases. It a case of a battle of ideology anymore with residents taking the pressure between the city and owner/investors demanding returns and no restrictions. Just build public housing and don't look back. A 300 % increase is not out of necessity. It's both a ploy and about greed and ideology.
The problem with building low income housing even if it can be built by local governments is the rents charged are not enough to maintain the properties. Unless the tenants are carefully selected for people who aren't overly destructive (i.e crazy drug addicts or overwhelmed single moms with multiple kids) and somewhat handy and resourceful applicants low income housing seems to inevitably turn into total slums over time. But it is true that the government should stop buying votes from economically unsuccessful people on the backs of more affluent taxpayers and property owners and build affordable housing and essentially give it away to lottery winners. Unfortunately the way it is going there will never be enough adequate housing for the demand.
@@CoolHand273 The idea is housing not choosing winners and losers it's about getting people into housing and off the streets. You are making unproven remarks and assumptions that somehow the cost of maintenance will not be cost effective and some other things about addicts and single mothers. Those are tropes and characterizations that need to be left out of serious discussions about real solutions.It's costing us the taxpayers untold amounts in the status quo which is the insane third world scenario of allowing people to live like animals on the street. Cruel and embarrassing treatment of our citizens in need regardless of their personal failures.
Unfortunately, those can cost close to a million dollars per unit and we have $38-$68 billion revenue shortfall and they missed the opportunity when interest rates were nearly zero.
@@williamryan9195 Well you could look at NYCHA. It has a very long history and it is unable to maintain its unit out rental revenue. NYCHA has thousands of uninhabitable units that need massive repairs. It has thousands of occupied units that the tenants are begging for repairs.
@@mwatercress Keep in mind the sheer corruption of the city of NY. There is your answer. California shares that same disease. What I will point out is that some housing for low-income organization like Habitat for humanity as an example has been able to get families into housing for far less and maintenance is part of any housing private or public. By your metric we should just give up and surrender because the costs will be too high or this thing or another. One thing is certain not doing anything results in more of the disgraceful situation we have now and it is sucking the life out of social services and law enforcement at a far greater pace that getting people into housing and off the streets ever will.Some people like to claim what happened decades ago will always repeat given the same circumstances. Well take a look at the results of not doing anything.I rest my case.Take a look at what's going on in this State. You don't have to be a genius to see something is terribly wrong. This condition was not here before and we need to stop it before it gets worst and it will.
My grandparents lived by a mobile home part on lake st Clair in st Clair shores MI. About 40 years ago they kicked everyone out of that park and built really pricey condos on it. In auburn hills they closed down another trailer park and put a Walmart on it. I would never trust a mobile home park unless I had a deeded lot.
I don't understand why they would be upset when they signed the paperwork which indicated their rent was not fixed and was subject to change. If they were smart they would have simply bought a piece of land, paid for it monthly (likely at a lower rate then renting) and put a mobile home on that land so they would then be their own landlord. Basic economics must just be lost on some people.
It's not "greed" as most say. The cost to run the Parks now is insane. The upkeep and repairs and taxes and insurance and fees has skyrocketed beyond belief in recent years and low rents are stagnant in frozen rent control so it doesn't make sense .. many end up running at a loss
People own the houses in the park. The maintenance cost hasn't gone up that much. It's greed, plain and simple. They want a million dollar profit instead of a "reasonable return on investment
People are over these investors sucking up low income housing for profits. Low income housing is intended to house low income people not suck every dollar they have
This is the future of the entire us if we keep allowing corporations to buy up lands and small homes people should not rent forever it's disgusting😢 also HOA is useless too.
Mobile home parks were always a poor investment. The land owners have every right to charge that which the market will bear. These people often sold their land and their houses to like high on the horse gambling on a dream that can change at any time on land they dont own. And then, on top of that, they believe they have a right to demand what the owners get to charge. While living in one of the most sought-after states in america, even yes to this day. They have more people than they can house. This drives up the value of rentals. And people who make poor decisions with their capitol lose.
But ..but this people never rally against sky high health raising insurance premiums........sorry , now i remember......they get it for FREE.....!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
It may be greed, OR it could be increased costs of insurance and property taxes that forces landlords to increase their rent. They have bills to pay too.
Yep and new owners paid the increased market value and higher interest rates for the property. Add the property tax on the new appraisal and rising insurance costs, which would explain the huge rent increase.
