Pros & Cons Of Owning A Mobile Home 

" I finally got my head together but my body fell apart " is sooooo true ! I hope everything works out for you ! 🙏

We purchased a manufactured home with an acre and a half in a rural community. Homes today are built so close to one another and we didnt want to live like that. On the plus slide, the land will appreciate!

You know at first I was about to skip over this video because I was like oh boy this old man is off his rocker, he can’t stay on topic and he is rambling. Then I actually watched the whole video and I’m thankful I did because you brought up a lot of great points. Thank you for your wisdom.

1st park ive seen so nicely laid out & with a garage. Very very nice.

"We ended up losing our patio table a week ago. We don't know what happened." Hint: Same reason you keep your grill chained to the concrete.

I’ve seen mobile homes in MD for $150,000 plus and you still have to pay land rent. Might as well buy a house here for that price. It’s crazy.

Mobile homes are great, it’s the park that’s the issue. Park has home owners by the short hair. You can never be free of their mandates or space rent.

This got to be the best mobile home park I ever seen in my entire life.

He chained his grill down so Ricky and Bubbles couldn't steal it.

I really like how the siding goes all the way down instead of having ugly skirting. It makes it look more like a real house.

I bought a mobile and lived in it 4 years. I loved it and could have lived there for the rest of my life. I had a heart attack. SSI kept putting me on hold because I was still having attacks and they wanted to see if I was going to live or die. If I died they would not have to pay anything. I spent all savings during the six or eight months I was in and out of the hospital. I got behind on space rent. I listed the mobile and received 19 firm offers. The Park owner would not give any of the buyers a lease. They did the required year of back rent due, and then I got a notice that I had to payup or move the trailer. I simply had to walk away. If your buy one of these, buy lot and put it on your own property. Park owners are monsters who will steal everything they can get.

In a park yes they depreciate, on private land they will become what is called real property.

We bought our 2016 mobile home in a 55+ park (Llano Grande RV and MH Resort) in tropical deep south Texas. We are within 50 minute drive to the Gulf of Mexico. We pay $480/month lot rent that includes Wifi, cable, 24 hour gated security, 3 pools and hot tubs, tennis courts, pickle ball courts, dog parks, rec center, pool hall, craft room and more. It can be a great option for older adults. It depends on where in the country you live.

These places should be designed for all retirees as a final journey place downsized and ready to rock

I live in California, near the Silicon Valley.... super expensive housing. Mobil homes are the only thing here that I could afford and they can appreciate because there is a shortage of housing. I find family parks are not kept up nicely, but senior parks are wonderful. Clean and well kept. Out of many parks only two of them have it arranged for the mobile home owners to own the land. So.... with a lot of looking, its possible to find a low enough space rent. There are bank loans that WILL finance if the age of the "manufactured home" is not from 1970 or before. So.... if it's a fairly new "manufactured" home... You can get financing if necessary. I'm willing to buy an older one with cash, if I plan to retire here.

I’m so sick and tired of paying so much rent for a shoe box. I cannot afford to buy a house right now so I’ve been doing some research on mobile homes. I want to definitely rent first and then see if I want to purchase one day.

Thank You, My Husband And I Were Planning For Mobil Home Living, We Are In Our 60's We May Rethink This... Too Old To Mess Up Now....

Hi I’m 46 and I just purchased a beautiful three bedroom room two bathrooms and two big decks on my home. I love it. It’s only me and my young 19 year old. The park we live in is beautiful swimming pool and everything I have a nice lake where the ducks play and in the summer you can fish in. I love it. My lot rent is 690 a month and it’s awesome it’s quiet clean and beautiful.

That park is beautiful and very well kept! Thank you for sharing!

The park looks very nice and clean. I'm not sure if they have anything like that here in Georgia unless it's for seniors. I think it's best to own the land. Thank you for sharing this information!

stunning area. Wish there were more variety of plants and trees, but the park is stunning. Thank you for sharing.

Thank you for the video. Really appreciate it.

A very sobering look at mobile homes. Thanks for the video! We were thinking of selling our home for a mobile, now second thoughts after seeing this. By the way, you made me feel very nostalgic, I'm in San Diego now, but I grew up in Fond du Lac. Regards...

Thanks for sharing I didn't have a clue. Your voice is so calming and thank you again. New subscriber

I was 13 when we moved from a 3 bedroom brick each home in Virginia and into a 14x70 3 bedroom mobile home in Michigan . It was new. My Mom decided to move it but. Before she moved it to a nother area she paid for a little basement to be made for it. So you can have a basement with a mobile home but maybe not on a park It would depend on park rules.

Nice place 👍 Embrace the tree roots, they add character and give a natural look. Not so high that they will trip you and not ruining pipes or foundation. I think they look neat.

Nice place you have James. I hope everything works out for you and your wife. Good video! 👍

Listening to you talk reminded me of my father,. I mean that in a good way. R.I.P. dad and mom

My parents sold their home in Baltimore city and bought a manufactured home on a basement with ownership 2 acres of land in West Virginia. They are very happy. Privacy and independence. I think the water piping your talking about is PEX systems. The special tools are expensive, Lowe’s has them. I hope everything works out for you.

Thanks for sharing so-o-o much information! You make a lot of good points. We are moving in that direction....particularly for the ONE grandchild.

Thanks for sharing.. hope you are successful in your desire to be closer to your family..I learned much... God bless.

Thanks for sharing your experiences. We really appreciate it.

Thanks for the information. I learned a lot. I always wondered about mobile homes and how the system worked. You did a great job. Liked listening to you.

Thanks for the help I will purchase a home...I like the upgrades in the mobile home but I will leave the headache of owning one behind.. I pray you will move closer to your grandkids be blessed

I am thinking about buying a mobile on over an acre of land.. thanks for the video. You have a well kept home.

You did a really nice job on this video. I learned a lot and will take much of your advice to heart.

Bought our 1984 mobile home in 2006 and on it own land. Paid 23,000, fixed it up for about 5,000. Has been paid for several years. Have a large shed and carport. It's nice and we can relax and enjoy our retirement.

Hi James I live in California and I’m thinking about moving out of state and buying myself a mobile home in the next two years or so your video gave me a lot to think about I’m not in a rush but I’m looking I really love your mobile home it’s nice but good lord I didn’t realize all the stuff you have to do Thank you for helping with all the info it’s really appreciated.

I never knew you had to have cash for a used mobile. Never knew you had to leave them in a storm! Glad I heard your video. I’m 63 and was wanting to get a used one but I don’t want to have to leave every time a big storm comes…. Thanks for the video you saved me with the information!!! Will look for an older wood built home. Least I don’t have to leave when the big storms come!

Appreciate your honesty,thank you.

Thank you for posting this wonderful video and for giving me your honest opinion about mobile homes.

Yeah, gotta pay cash and own the land, or its not worth it.

You in an ideal park that is very well kept up. Sadly there are thieves everywhere, they see items that they can steal, and they would scrap it or sell it on Ebay or something else. Nowadays, companies are doing there best to make it difficult to sell stolen items from marketing invisible identification on there products. Anyways, modern technology is improving and trying there best to catch the thieves. I tip my hat to companies who are on your side. I thank you.

Just watched your video that you made two years ago and find myself wondering if you finally sold it and how your move went to be closer to your grandkids. Was it all that you planned on? Are you living close to them now? Blessings to you, and please send your prayers our toward our way here in CA 😊

As a 67 year old who has a raised ranch with washer/dryer in the basement and half acre that is getting harder to take care of, I was seriously thinking about selling and getting a mobile home in one of the 55+ communities in this area. However, the used ones are 90-120,000 and lot rent is between 400-800 dollars. After hearing your experience, I will have to look at other options.

IM THINKING OF LEAVING MY HOUSE TO GO LIVE AT THAT TRAILER PARK

Awesome info! Thank you for all the help😀👍💟👏

Thank you for all the info especially those who commented and you gave good answers

Thanks for the video and your take on a mobile home ownership. Having purchased a mobile home back in 1976 as our first home, at the time it was the best decision that could be made. Interest rates were in the double digits and everyone wanted a big down payment. I was glad to get my younger brother to take over the loan as I went back into the US Army. My younger brother was able to use the trailer house as a down payment for a real house. I do not suggest anyone get a trailer house as you are stuck with paying the owner of the land for parking it on a property. They can raise the rent on the property every year. With the interest rates as low as they are these days, buy a house! ;-)

I live in Oregon. I've seen some adds for some older mobile from the 1980s in parks and there asking 25.000 to 70.000 dollar depending on size and year. Some are in the 1990s.

I really liked your candor. Blessings to you & your grandchildren.

I have a single wide on my own 5 1/2 acres of beautiful land. It sits alongside a small creek down in a valley. I can’t do parks lol.

Love your home’s. You’ve inspired me to do home tours. Keep up the good work.

I loved our actual manufactured home, but would not prefer another park situation. We had to submit a WRITTEN plan to be approved for ANY yardwork/planting. If our grass got more than 3 inches tall we got a written warning to mow. It was HELL.

I have lived in mobile homes for the past 30+ years and have always thought the state should REQUIRE the land owners to have a tornado shelter if they are considering themselves as a mobile home park!

Beautiful community.

Thank you for sharing and good luck!

That's a good point you make on the basement tip. I know when staging an area for combat that same thing is considered, and if possible you want to remove any heavy overhead structure (especially in elevated positions where shots fired from the ground are likely to hit the ceiling of the room you're in), or maybe just move to a more ideal building without a big reinforced load-bearing roof that will likely end up crashing down onto you or trapping you if it collapses. Here's something I heard to remember about Tornados that Is very a "common sense" tip, but still good to remember: If you see a Tornado and are trying to gauge it's path, if it does not appear to be moving, but it does appear to be getting larger, it is coming directly towards you and vice versus (if it appears to be shrinking but not moving laterally, it's moving directly away). It's silly though how people seem to consider the tornado issue regarding mobile homes. It's almost like people have this idea that somehow trailer parks magically attract tornadoes, as if by living in one you're more likely to be in ones path in the first place..

Dont give up mister you are never to old to make a move and yes life can be hell, but there is always tomorrow. I lived in my mothers old moble home for five years. I had to move back to my home town of Aiken, South Carolina when she died, so I could finish paying off her Mobil home, she had a fifteen year mortgage and I was her co-signer so when she died the bill became my problem. I literally hate mobile homes for a lot of the reasons you mentioned in your video., nevertheless I paid it off last December and I bought a old two bed room mill house in January 2019 in Graniteville, SC. I am 54 years old and if I can do it, anybody can do it. This is the best decision I've made in years. I love the house and I look forward to many more years here. I actually sold the mobile home to the mobile home park owners which really worked out good for me. I have a small mortgage on the house, its under 300 dollars a mouth with the electric, gas, garbage and water I'm still able to save money for early retirement.. I wish you and your family all the best.😁

We lived in Appleton for 7 years and I was itching to get back to Florida so I took an early buyout and used that money to buy a modular. Paid 54k and 600 a month lot fees. We were there 11years. Maintenance was beyond outrageous. Then came eminent domain and the quest to move and upon inspection we learned we had extensive termite damage on the underside of the home so on top of paying over 10k to move it-yes that number is correct we would have to put another 8k in reinforcing and replacing the base of the home. We got someone to take it off our hands for less than 20% of our purchase price. Would I do it again? Absolutely not. Wish this video was out in 2005!

Hi I’m in my 60s living in northern England And it looks like you have got everything Together just fine I guess that a lot of people would like to live In a home like that , I shall probably be thinking of buying a Mobile home 🏡 in a few years Good video 👍🏼🇬🇧

James Thank you for your video.. you answered all the question that already knew.. my parents used to own a mobile home in the 1960s and early 1970s while I was a small child.. back then it was just my sister and I and in 69 my older, younger brother came into the family though we lived in a 3 bedroom trailer, it was tight as our trailer what dad called it, was 10x70 not very big by today's standard. at one time I owned my own trailer in the 1990s but I had a bonus I owned my own lot but not in a mobile home park.. I lived in a small town that allowed my mobile home to go on a regular lot.. though it was small 50x150 deep lots it was perfect. but yes its expensive with utilities such as heat and Ac usage as my home ws all metal on the outside.. but it was awesome owning my own home. I lived in for nearly 2 years and moved due to job transfers. My philosophy if you can't buy the land under do not buy a mobile home, as you are paying basically twice mortgage and lot rent which can cost just as much as an Apartment $700 to $1000 depending what you have in your set up. which does not include utility in some cities.. but most will cover water, sewage and garbage and street maintenance. and yes you are right you buy a new within a year it will depreciate by 50% used by 20 to 25% unless you can prove you did some improvements.

I live in an older mobile home love it for me it's lot rent is cheaper then renting and as for the home it's easy to keep up for me. I am saving to buy land and get a newer home on my own land.

Nice setup. Personally, if I lived there, I'd probably stay put. Because if you move, you're just trading one set of problems for another set of problems.

Really useful video thanks for sharing 💕

Thanks for all your advice...

Detroit looks mighty cosy, ,this time of the year.

Thank you. Very well spoken video. Thank you.

Thank you so much. This was an awesome video.

Great video. Thanks for posting this. Have a nice day.

I installed my own furnace in my home for $750 about 4 years ago. Goodman 93% efficiency. I work part time for a heating/ AC company.

Thanks for your insight it was very helpful. There's just so much to think about

Appreciate the video tour! You have many excellent improvements.. Be well.

Your house is great! I would love to live there. Your lot rent is also reasonable. The garage is a great bonus! I live in a brick house with no basement so not shelter for tornadoes. In the Texas we do not have basements due to we are not high enough from sea level. I agree this is a great choice for us in our older years.

that addition is awesome

I watched the whole thing. Thank u for your wise tips, James. Greetings.

Great video, thanks!

Very nice! I think you've done really well for yourself!

Nice info. Thanks for sharing and take care.

When I retired we had the house and eight acres paid off ,my truck paid off ,was still paying on her car,we do pretty good you really have to watch things, thank you hope it works out.

What a really nice mobile home park never wanted to live in mobile home park that one might change my mind.

i have a nice mobile home with a garage and the land lady wants me to buy it and best part here is i will also own the land. just came here to hear what others had to say about buying one. thank you for the video.

James I love your info. I have been eyeing a used mobile but it's a co-owner setup so you actually own your land. It has age restrictions so that works for me being in my 60's. It's in British Columbia so not much worry about tornadoes, and a few blocks up the hill from the ocean, which I love! I hope it works out for me. Good like with your re-location!

Thank you for posting this insight.

Those are top roots and they will keep moving up if you cover with dirt. Either cut them down, have the roots ground down or cut the tree down.

Thank you. We were close to purchasing a mobil home in Montclair California. Mobil home price was 155k then dropped to 150k. Home was well taken care of. Loved it. Fire place huge master bedroom bathroom with jacuzzi tub. 2 living rooms 3 bedrooms 2 bath. Well taken care of. But the down payment 23k. Space rent and utilities $680 a month. So we were looking at a ballpark of 2k a month.. That's alota mula. . Or I can buy a house about an hour away and commute everyday and chance wild fires and weather and accidents and traffic going to Vegas on the weekends going home from work or to work. But the homes there go from anywhere from 190k to 300k. And the payment would be around 2000 or less. Hard decisions to make if we want to stay in the local area.

I live in Texas, I own 3 lots (70 ft wide X 219 ft deep ea) w/doublewide manufactured home - paid for - wrapped around covered porch 10' x 50' - 18' x 26' carport - 12' x 24' storage building. Taxes $500/year. I'm retired and planning stay.

I like the addition you have on the back. Looks very nice 😊

P.S You covered all things thank you. You can install water filters on your showers and sinks for a reasonable price. All the best .

Nice we paid cash for ours we pay $135 lot rent comes with water & septic we pay electric & gas & trash total cost each month $315 -350 works mobile home older but in very good shape it works not looking for value just a nice home that’s what we have. Many people rent their mobile homes. We’re in NM weather good maybe a snow dusting no bad storms blessed!

Drag Racing 👍 brings back memories of Don Garlits and The Snake Perdome ! And Shirley Cha Cha Muldowney !

There's pros and cons everywhere no matter what it is... a house, a MH or a rental. And I've been in all three. But looking at your place it's a lot than some other MH's I've seen. Overall it looks pretty nice and quiet. For $27K people would k!ll to have that compared to what everything cost now as opposed to 4 years ago when this was uploaded.

If you don't want to eat the depreciation, just buy a new-enough used mobile home that has already depreciated. Problem solved. You've just turned that downside into an upside. You bought a lot of house for cheap. It should still be in excellent condition. Buy your own land. Do not rent lot space in a mobile home village. If you want to sell at a later time, you haven't really lost anything, because it hasn't really cost much in the first place. Your property should still be worth money and the home may very well make the property worth more than just a vacant lot. You won't get site-built home resale value out of it, but you didn't pay site-built prices either. Pick your poison. Most people don't have any assets larger than their home, which they may not even own if they're stuck in a mortgage. Live within your means and always try to come ahead with your income outpacing your expenses. Live with your parents if you're on good terms and help them out around the house so they won't want to kick you out early. Wait a little longer and pay cash instead of borrowing money wherever possible. Here's some advice targeted for the guys, masturbation is cheaper than marriage. Settling down with a woman and starting a family with a newly-mortgaged home is an express lane to sinking your future financial success. The larger home, the larger meals, the after-school programs, additional vehicles, etc. combined with the interest and principle payments of your house will leave you living paycheck to paycheck all the way up to the divorce. And that's when the real financial carnage begins. Learn from others' mistakes, gentlemen. Once you're debt-free, you have now freed up your income to go to work for you. I recommend learning about sector rotation and investing in sector ETFs and mutual funds as this will spread your money out among many different companies. For example, in the event that Petco goes bankrupt, you'll also have stock in Petsmart who will swallow up the remaining market share left behind by Petco. Thus, even when one of your companies falls, your others buffer the loss. But events can also occur that affect an entire market segment. Do not only invest in large cap companies, for example. You want to have some of everything and mutual funds and ETFs are very good at giving you a small sliver of a little bit of everything. Don't try to time the market or bet on only one horse and you can eventually earn more money passively from your investments portfolio than you used to make from your day job. This is where cheap living comes into play. Not having a large mortgage hanging around your neck for 30 years will allow you to start this process sooner, allowing the TVM (Time Value of Money) to work its crazy magic. Spend a little less time watching cat videos and a little more time watching Monkeynomics 101. Thanks to the internet, you can teach yourself any skill you want to learn almost for free at the expense of your personal time. Best of luck to you all.

Like your video. I built my house in my 30’s of age. I never been a follower...Which is why I never wanted to live like the average joe paying rent or a mortgage for thirty years. I’m in my 40’s now and want to leave my city in the state of Texas. Was thinking about buying a mobile home but thanks to your video, I’m thinking rather just building a small ...small ... studio for me and my wife cause my sons are grown up and we are looking to move outside the city limits. Watch my testimony of I had with JESUS CHRIST.

Respect the ambition put into this home.

I'm diggin the bar... Its a mobile, But its a pretty nice place. I also like the garage and the driveway skirting on the right so you dont have to drive on the grass.. Nice place James. I hope you find your new place soon.... Peace- out.

It all comes down to buying your own land 1/2 to 1 acre and negotiating a good deal on a newer mobile home and having it moved. Ideal way is to find land that has a mobile on it that needs to be torn out but the utilities are still in place.

You got a nice place. Our mobile home it on 49 acres and it will not lose value,, but the being out in the boonies has an entire different set of maintenance challenges.

Watching from Norway here. Very nice video. Ofcourse, trailer parks and mobile homes wouldnt work here because of the bitter winters and climate overall, but it seem really nice.

Great video, thank you.