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WGCU: Residents of Bonita Springs RV and mobile home park chased away as new owner takes over

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Finding a site to place an RV or camper at this time of year in Southwest Florida has always been a struggle. Add to that the number of RV and mobile home parks that were decimated by Hurricane Ian and the result is those that remain are packed.

Not so in Bonita Springs.

Gulf Coast Camping Resort right now looks like it’s in the throes of the summer doldrums and not the height of tourist season in Southwest Florida.

Noticeably absent are people tooling around on golf carts, walking dogs, or sitting outside enjoying the pleasant winter weather.

These days there’s only a handful of renters left at the once-bustling RV and mobile home...

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Our thoughts on this story:

A guy bought an old RV park for $5 million. His intention would appear to be to develop it into a different use. The residents don’t want to leave even though he has terminated all leases and told them to be out by 1/1/2023. Looks like he followed all of the laws and the tenants are trespassing and are violating his property rights – not the other way around.

Seeking Alpha: Manufactured Housing: Recession-Resistant REITs

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Summary
  • Manufactured Housing REITs snapped an incredible streak of nine straight years of outperformance over the REIT Index in 2022, impacted by headwinds from higher interest rates and hurricane-related disruptions.
  • Despite their REIT-leading growth rates, Manufactured Housing ("MH") REITs have historically been among the most interest rate-sensitive sectors due to their counter-cyclical demand profile and remarkable operational consistency.
  • While rent growth has moderated from record-high levels across other residential property types, MH revenue growth is poised to accelerate in 2023, driven by their under-appreciated...
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Our thoughts on this story:

Mobile home parks are the best sector in U.S. real estate. Couldn’t agree more. Great stats in this article. One of the few good ones in a sea of woke idiocy.

The Sonoma Index-Tribune: Mobile homes bolster Sonoma’s affordable housing stock

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When Moon Valley Residential Community lowered the age restrictions for mobile home residents from 55+ in 2009, Robert Caldwell became one of the first of a younger generation to benefit from the affordable home model.

When the Index-Tribune met Caldwell, he was putting away Christmas decorations from his double-wide manufactured home that he bought for $35,000 in 2010. He was jolly talking about the appreciation of his home after his neighbor sold their unit for upward of $100,000.

“For one, it’s cheaper than buying a home, because that’s gotten just ridiculous,” Caldwell said. “I think in the past, if you lived in a mobile park you...

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Our thoughts on this story:

The first part of the article was fine but then this typical California journalist promoted the concept that greater bureaucracy is the key to affordable housing. Isn’t California where city and state government tried to build new affordable housing units recently at $600,000 each? Why not let the free market do its thing and you could have affordable housing that does not rely on subsidies.

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

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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...

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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

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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....

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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

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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...

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Our thoughts on this story:

Finally, a story with a purpose.

Fox 5 Atlanta: How manufactured housing can save America

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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...

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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.