I have some relatives who lived in a trailer for a dozen years or so. However, it definitely provided my relatives a considerably better quality of life at a considerably cheaper cost than nearby apartments.
I know that after speaking to them about it, their only real regret was that there was no real equity in the home since they sell like vehicles -- depreciating assets. They bought it for $40k, sold it for $5k, and paid about $500/mo in rent for the land.
They were forced to move when the land owner decided to get out of the mobile home tenancy business and sold their property to a developer.
I know that after speaking to them about it, their only real regret was that there was no real equity in the home since they sell like vehicles -- depreciating assets. They bought it for $40k, sold it for $5k, and paid about $500/mo in rent for the land.
They were forced to move when the land owner decided to get out of the mobile home tenancy business and sold their property to a developer.