Preview:
Standing on her porch, Vikki Braker pointed out her favorite lawn cutouts, arranged in a colorful scene: Silhouettes of two children smelled pink flowers as a line of googly-eyed red ants marched beneath their feet. A tree stretching over them wore a Green Bay Packers hat.
The decorations were among many Braker inherited during nearly half a century at Cedar Falls Acres mobile home park near Menomonie, Wisconsin. She figures more people get to enjoy her outdoor display than anything she keeps inside.
Neat rows of brick bordered each decorative scene atop grass her son had trimmed. Even as she slows down in her yard work, the 67-year-old...
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Large corporations are taking their place, often raising lot rents and sometimes neglecting conditions.
Can someone please show me just one example – in the entire United States – in which a mobile home park purchased by a private equity group looks WORSE a year after they buy it? You can’t because it doesn’t exist. I know that the woke folk love this mantra, but it makes no sense that a mobile home park would be “neglected” after the private equity buyer pours hundreds of thousands or millions of dollars into infrastructure upgrades and aesthetic improvements to common areas. THIS IS THE DUMBEST TALKING POINT OF ALL TIME.
On the topic of raising rents, yes, private equity groups – and any buyer – will raise rents to market levels and that INCLUDES the tenants if they have a non-profit buy it. When you slap millions of dollars of debt on a mobile home park, you have to service a giant mortgage and that necessitates higher rents. Who’s to blame? I guess moms and pops who refuse to give their life’s investment away for free but instead opt for an often multi-million-dollar profit. It’s called capitalism, and the entire U.S. economy is based on it, and has been since its founding.