Domain: tiger-web1.srvr.media3.us Rents spike as big pocketed investors buy mobile home parks | Page 2 | O-T Lounge
O-T Lounge
Return•Bottom
« Prev Page
Page 1 2
prev pagePage 2 of 2
Started By
Message

re: Rents spike as big pocketed investors buy mobile home parks

Posted on 7/25/22 at 12:49 pm to goofball
Posted by Team Vote
DFW
Member since Aug 2014
7952 posts
Back to top
Posted on 7/25/22 at 12:49 pm to goofball
quote:
Mobile home parks are becoming more difficult to build out now. They are being eliminated from zoning language all over the country. So what's grandfathered in has a way to offer cheap, affordable housing when other property owners can't really compete.

This is where the squeeze is happening. Extremely limited supply but the investors know trailer parks are ATMs with very small capital outlay. It’s great business but the limit in supply ultimately screws the people already living in parks.
Replyreplies0...
Posted by Slickback
Deer Stand
Member since Mar 2008
28121 posts
Back to top
Posted on 7/25/22 at 12:56 pm to chRxis
quote:
when it comes to mobile homes/trailer parks, 99.99% of the time, you either rent the mobile home itself, or the land it's parked on...


This.

The people that own the trailer and rent the lot are the ones getting shafted a lot of times. It costs several thousand dollars to move and set up a mobile home, which rapidly depreciates. They may have a $10-15k mobile home that’ll cost $6-8k to move to a new park. It’s not worth it. They have to eat the rent increase without an alternative.
Replyreplies0...
Posted by LarryCLE
Member since Apr 2017
1705 posts
Back to top
Posted on 7/25/22 at 12:59 pm to c on z
quote:
Jeremy Ward, 49, who gets by on just over $1,000 a month in disability payments after his legs suffered nerve damage in a car accident

If only there were more jobs you could do while sitting.
Replyreplies0...
Posted by Sao
East Texas Piney Woods
Member since Jun 2009
68469 posts
Back to top
Posted on 7/25/22 at 1:01 pm to c on z

I want to say John Oliver did one of his segments a couple/few years ago. Big easy money for the investor.
Replyreplies0...
O-T Lounge
Return To Board
« Prev Page
Page 1 2
Jump to page
Return To Board
first pageprev pagePage 2 of 2Next pagelast page
refresh
Latest LSU News »
Brian Kelly Talks About The Difference In Pressure At LSU Compared To Notre Dame
Brian Kelly On His Firing: "The Situation At LSU Got Very Complex"
Brian Kelly Responds To Rumors About Golfing & Drinking During His Time At LSU
Brian Kelly Comments About His Future & Getting Back Into Coaching
Watch: Lane Kiffin Posts The Perfect Friday Morning Video Inside Tiger Stadium
Sports Lite »
Some Memphis Fans Ejected From Last Night's Game For Walking Across Court To Berate Refs
Charles Barkley Shows Up To Arnold Palmer, Immediately Trolls Justin Thomas About Bama
Russell Westbrook Goes Off On Reporters After Teams' 50th Loss of Season
Tom Brady’s Flag Football Event Relocated Due To Middle East Conflict
Iowa High School Girls Basketball Team Gives Us The Most Insane Ending Of March
Latest SEC Headlines »
Charles Barkley Shows Up To Arnold Palmer, Immediately Trolls Justin Thomas About Bama
Lou Holtz’s Newspaper Magic Trick Goes Viral After His Death
Texas A&M WR KC Concepcion Wants To Be Role Model For People With Speech Impediments
The NCAA Is Appealing The Trinidad Chambliss Preliminary Injunction
College Football's Impact Freshmen In 2026
Popular
Lane Kiffin Calls Out NCAA After Staggering Senior Night Stat
The Fear Of AI Has Officially Arrived In The Football World
President Trump ‘Snubs’ Paul Finebaum From Meeting
ESPN Names Team With The Nation’s Best Incoming Class Of Transfers, Recruits
ESPN Names 'Position Of Intrigue' From LSU As Spring Practice Approaches

Back to top
logoFollow TigerDroppings for LSU Football News
Follow us on X, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

Facebook•X•Instagram