Mobile Homes

I am moving to an area and plan on living there for the next 10 years while I work and finish school, so instead of throwing away rent money, i planned to invest in my first property. I have tried and tried to comprehend the logic behind purchasing a mobile home (on average $50-$100k) which in addition to monthly HOA fees ($500-$800). Even if you purchase your own land it still marks it up to around the same price as a cheap house and your still living in a shitty trailer.

I always figured that purchasing a mobile home would be financially beneficial for those who want to purchase a house but are relatively low on income compared to others. But this seems like your HOA and Mortgage is the same as a regular house. I would understand the logic if the HOA was 100-250 month, but 500-800? It just doesn't make any sense whatsoever.

Attached: mobile house.jpg (1500x1200, 410.07K)

You can get them far cheaper. Bar none the best way to live from a financial perspective, just don't let the millenials know because they'll gentrify everything and cause prices to skyrocket. Let them keep their tiny houses, which are just overpriced undersized trailers.

I don't see how, I've looked everywhere and all the prices are relatively the same, within a 150 mile radius. Obviously, it would be much cheaper in certain areas of the country, but I'm not interested in living in the South or the boonies. I would be fine living in a town within a relatively small distance from an urban area as I do now.

50k is insane.

I even looked at my home state of Texas where housing is cheap, and yeah in Denton, Texas where I was going to university, Mobile homes are in the area of 45k-90k with 550-600 HOA lot fees a month in addition to property taxes. How is this an affordable option?

HOA being 5 to 800 a month? Yeah HOA sucks but that's not how they do it, they always start off charging you a fraction of that but nickel and dime you to death throughout the years.

HOAs have no enforcement authority in most jurisdictions and agreements and can only raise a ruckus at their community meetings and send warning letters with fees in the mail. You are under no obligation to pay them. You will be hated but there is nothing they can do. It is not indexed and it won't show on any credit report. The only instance where this will not work is if the HOA is actually a condominium and owns the underlying land whereas you own the physical dwelling place but such cases are rare and limited entirely to gated cuckburbs of Texas and California.

Mobile homes are not an investment. They lose value like a car and they are not really mobile. A mobile home lot is an investment because the people can’t move their “homes” and are stuck paying rent on the land they occupy.

That would be the case for all Trailer Parks/Mobile Home Parks/Manufactured Home Parks. They all own the land, you purchase the mobile home, you pay them really expensive "lot fees". Just how the fuck do these so called "trailer trash" people afford to live here? And why would anyone choose to live in a trailer over a house when they're about the same price until you pay off the mortgage of the mobile home?

Theres a great podcast out about how PE shops have ruined the financials. All mobile homes settle into place and cannot be moved. Further, if you want to leave you have to take it with you if you can’t find someone to buy it - and guess what, it’s stuck in place.

I think a way around that could be buying an Airstream and parking it in a mobile home lot. Your resale value would be much much stronger as well as a cleaner exit strategy.