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One of America’s most affordable paths to homeownership is slipping away.
At manufactured home parks – sometimes called trailer parks or mobile home parks – rents are rapidly rising due to large-scale buyouts by private equity firms.
Although private equity’s foray into the housing market is not new, the buyout of mobile home parks by investment firms is on the rise – with devastating consequences for residents. Over the past decade, rents in these parks have risen 45%, according to census data. Once a park is sold, the risk of eviction rises significantly in the following year.
I’m a poverty law attorney in Virginia, and many of my...
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At manufactured home parks – sometimes called trailer parks or mobile home parks – rents are rapidly rising due to large-scale buyouts by private equity firms.
No, rents are rising due to the simple fact that mobile home park lot rents are ridiculously low. The evidence? The average single-family home in the U.S. is over $400,000, the average apartment rent is over $2,000 per month and the average mobile home park lot rent is around $400 per month. This crap about how “private equity groups are conspiring to destroy the earth” is the ridiculous ramblings of total idiots or Elizabeth Warren – same difference.

