Are you sorry you bought the home? The lot rents here are about 480 a month. Plus the cost of the home. And like you said, the loans give about 8-10% finance.
But, it is still your own place, if you can't afford a house or a town home. There are neighbors to share walls, doors and noise, which is my big stressor! Not good for IBS.
How are you able to move the home and where would you move it to? Don't you need to be in a park and hooked up to electricity, water, etc?
I think there is a difference between manufactured homes or modular homes and mobile homes. In the newspapers, they always separate the listings into manufuactured homes or mobile homes. My grandma lives in a mobile home and I never associate that term in a negative connotation. We all call it grandmas trailor, and it is beautiful and cozy inside! I love it! But you're right, the term Trailer Trash is such a misconception!
My grandma lives in a mobile home, and her rent is up to 485 a month and some parks go as high as 610 or more, which is where hers is headed I fear.
They are nice for older folks where this will be their last home...but I know a big part of realty is the investment, and mobile homes are not investments.
I am still young and not sure what if buying a used mobile home is such a good idea. But I really do not want to buy a condo, which is still like living in an apartment, and I can't afford a house.
Any advice would be appreciated.
-------------------- ~ Beth
Constipation, pain prodominent,cramps, spasms and bloat!
Posts
Heidi or others, concerning mobile homes (or manufactured)
Plus the cost of the home. And like you said, the loans give about 8-10% finance.
