Mobile Home Park News Briefing

Mobile Home Park Investing Audios | Mobile Home Park Investing Videos | Mobile Home Park Mastery Podcast



WBUR: Big investors are buying mobile home parks — and upending the lives of residents

Preview:

John Piazza remembers when he first moved to Lee’s Trailer Park in Revere in 2000, after his rent skyrocketed in Boston.

Piazza fell in love with a 720-square-foot mobile home, finding it more spacious and affordable than his small apartment in the North End.

He said the park owners charge him just $575 a month for the lot under his home — a fraction of what he would pay in rent for an apartment in Greater Boston. He also paid $20,000 for the mobile home itself, far less than the cost of a traditional single-family home or condo.

The 84-year-old planned to spend the rest of his days at Lee's Trailer Park. But last year, the park was sold...

Read More

Our thoughts on this story:

Another take on Lee’s Trailer Park, discussed above. And once again it makes the critical point that either rents go up or the wrecking ball comes in.

Cape Cod Times: Judge makes decision in Pocasset mobile home park trial. Here's the latest

Preview:

BARNSTABLE — A Superior Court judge found on Wednesday that Crown Communities LLC is the rightful buyer of a Pocasset mobile home park.

The 15-page decision comes after a years-long legal battle between the Wyoming investment firm and the Pocasset Park Association, with both sides seeking ownership of the Bourne park, which is home to about 170 people at its prime location off Barlow's Landing Road.

"The Association lacked sufficient support (and authority) to exercise lawfully its right of first refusal and to purchase the park," wrote Judge Michael Callan, who decided the jury-waived trial.

In a statement to the Times, Walter B....

Read More

Our thoughts on this story:

Another classic tale of park residents wanting to buy their mobile home park and failing miserably. They apparently cheated on the number of votes necessary to even start the process and the real owner and real buyer sued the tenants and the judge agreed that the tenants were wrong. Of course, in cases like these the tenants have no money to pay any of the legal fees involved or damages to the other parties. Had the roles been reversed, you know that the tenants would have sued the owner and buyer for $1 trillion.

Washington Post: In a trailer park, boxes deliver fresh produce and a sense of belonging

Preview:

His shoulders hunched against the raw wind and freezing rain, Gerson Lima trudged through puddles earlier this month with his 6-year-old son, Cristian. But they didn’t have far to go: It was just a few minutes’ walk from their trailer to the parking area where the food truck was parked. Every two weeks it brings ingredients for meals for the family of two adults and two children, who arrived seven months ago from Guatemala.

“It’s made a big difference,” said Lima, 28, one hand gripping a black umbrella, the other holding his son’s hand. “It’s helped a lot. It’s everything, especially now, because we just arrived and have no other...

Read More

Our thoughts on this story:

Finally, a story with a purpose.

Fox 5 Atlanta: How manufactured housing can save America

Preview:

You finally graduated from college at 28, moved out of your parent's basement at 30, married your best friend at 32, and now she is pregnant. You’re 33, and now you want to buy a house and quit paying rent. But you’re squeezed between sky-high housing costs and rising interest rates.

Millennial couples are the largest single block of prospective homebuyers.  But during the pandemic, home prices in Georgia skyrocketed, and in 2022 borrowing costs more than doubled.

FOX 5 real estate expert John Adams says today’s millennial home buyers can get out of paying rent every month by buying a "manufactured house" from one of several manufacturers...

Read More

Our thoughts on this story:

Some good stats and information in this article, but nobody is going to believe the statement the statement that “in 2022 the average single-wide in Georgia is $82,000 and the average double-wide is $158,700”. The reporter needed to do some more research on mobile home prices and should have included the used home prices which are around $15,000 and $40,000 respectively.