Preview:
At the end of the month, Edmund McGahey plans to load up his U-Haul with the American flag neatly rolled behind his front door, take his wind chimes down from his front porch, pack his eight potted Christmas cacti, and leave for Texas.
With an outstanding mortgage he has no choice but to hand the keys to his double-wide manufactured house within Great Brook Village over to his bank. He can’t sell it due to rising park rental fees.
McGahey, a 74-year-old Vietnam War veteran, envisioned the over-55 community as an affordable place to retire when bought the home in May of last year for $80,000.
When he first looked at the property, the rent...
Read MoreOur thoughts on this story:

This Park is located in Belmont, New Hampshire. The average house there is $365,000. The average apartment rent is $1,760 per month. And you’re telling me that $1,000 per month lot rent is too high? The reason this resident can’t sell their home is probably because they overpaid for it to begin with. All over America the average homeowner is upside down on their mortgage thanks to Jerome Powell and his 40-year-high Fed funds rate. That’s not the park owner’s fault.