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When Liza Fleming-Ives helped the first group of Maine residents buy their own mobile home park in 2009, there was little interest from out-of-state corporate investors in outbidding them.
That’s not true today. More than a fifth of Maine’s mobile home parks traditionally operated by local “mom-and-pop” types are now owned by these investors, according to a Bangor Daily News analysis of state data published last year.
Of Maine’s 32 largest parks, which have more than a third of the state’s mobile homes, 20 are now owned by corporate investors including Sun Communities, Phillips International and Boa Vida, according to a report released by...
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What’s with this fixation on “out of state” owners? It may come as a shock to the writer but every business in America has a 49-out-of-50 shot of being owned by someone who does not reside in that state. If you’re talking about Walmart, and you don’t live in Arkansas, then it’s an “out of state” owner. If it’s McDonalds, and you don’t happen to live in Illinois, it’s an “out of state” owner. And the list goes on and on. It means absolutely nothing.