Mobile Home Park News Briefing

Mobile Home Park Investing Audios | Mobile Home Park Investing Videos | Mobile Home Park Mastery Podcast



SoMd News: Lord Calvert trailer park residents hear potential timeline

Preview:

As she left Cornerstone Church on Sunday, Carla Mattingly felt a little bit better about the situation she and her fellow residents from Lord Calvert Mobile Home Park are in.

Developers Cherry Cove are mulling a 2012 plan to turn the Lexington Park site into housing, and residents have recently become fearful of eviction.

But a 45-minute presentation by St. Mary’s Commissioner Mike Hewitt (R) at the California church helped ease some of those fears.

“It’s very unsettled,” said Mattingly, who has lived in the trailer park for the past several year, “but I feel a little better.”

“I feel in peace, I feel good, I feel better,” said...

Read More

Our thoughts on this story:

Hewitt said the owner of the park must fix the water and sewer, so one option is to repair that and “leave the trailer park like it is, and that is the primary option right now.” Another possibility is to close the park, replace the water and sewer and build new apartments and townhouses, though Hewitt added “this option is becoming very expensive”. The final option would be to sell the trailer park to a new owner and the new owner would decide what to do.  Common Sense Translation: There is zero probability that the park owner is not going to tear the park down and build apartments and townhouses.

“They have not presented any plans to the county for approval, and they won’t do that for at least another six months,” Hewitt stressed. “Once they do that, the process to approve whatever plan will be 6 to 12 months. So if they intend to do this it will be at least 18 months to 24 months until anybody is impacted.” Common Sense Translation: You better start packing because this thing is coming down in 18 to 24 months – and the zoning department will fast-track the plans for the redevelopment faster than a hypersonic missile.

“St. Mary’s County does not want to have people homeless, so we have land that the county owns,” Hewitt said, referring to parcels on Pegg Road and on FDR Boulevard near Route 4. “These two pieces of property we intend to build townhouses and apartments.” Common Sense Translation: We are going to charge $2,000 per month for these apartments and townhouses so don’t bother to apply.

Hewitt said residents can show property owners that “you are committed to your community and committed to keeping the neighborhood nice.” Common Sense Translation: If you were dumb enough to believe the earlier statements then we thought you might even buy this one.

Post Bulletin: Future of Bob's Trailer Court continues to unfold

Preview:

Answer Man, 

I am by nature a curious person who wants to know what is really happening, not one to rely on conjecture nor conspiracy. 

So, what is happening with Bob’s Trailer Court? We watched as the park emptied and window smashers took root and created a blight on our neighborhood. What is in store for this space and when?

Just call me curious.

Curious,

Great timing on the question. It appears a new plan for the site is emerging.

Rochester Community Development staff met late last week with representatives of Pennsylvania-based TSJ Parks, which purchased the 3-acre site for $1.3 million in 2021 and moved to close it two years...

Read More

Our thoughts on this story:

Bob's Trailer Court's owner plans to create a different type of housing park along Marion Road after the trailer park closed amid a variety of struggles. Common Sense Translation: How happy do you think Bob is to ditch the dilapidated trailer court and convert it into apartments? He’s the happiest guy in town.

KTVH: Helena mobile park residents struggling with rent increase

Preview:

HELENA — It is no secret that Montanans are facing a housing crisis. With high rent and limited availability, finding a place to live can feel impossible. Residents of one mobile park in Helena say things keep getting worse.

Pam Kifer has lived at the Dakota Valley Mobile Home Park for three years.

She said, "I don't want to go to the homeless shelter. I've been there before."

When she moved in, the lot rent cost $395. On March 1st, it will increase to $675 a month.

"The first time he raised it, I had to change my life. I was doing senior companions, and I had to quit that job because it didn't pay enough to accommodate his raise," Kifer...

Read More

Our thoughts on this story:

Pam has lived at the Dakota Valley Mobile Home Park for three years. She said, "I don't want to go to the homeless shelter. I've been there before." When she moved in, the lot rent cost $395. On March 1st, it will increase to $675 a month. "The first time he raised it, I had to change my life. I was doing senior companions, and I had to quit that job because it didn't pay enough to accommodate his raise," Kifer said. Common Sense Translation: $675 per month is not excessive lot rent at all, in most markets. But if you were in a homeless shelter three years ago it makes sense that you should probably not be in the mainstream housing market and need to get on Section 8 or a similar government program because you really can’t afford to live in the modern world without assistance. It’s also a pretty safe bet that you don’t actually reflect the opinions or financial status of the rest of the mobile home park residents.

The Post and Courier: Mobile home park gets a new life in Mount Pleasant, where affordable housing is scarce

Preview:

MOUNT PLEASANT — Mobile home parks across the Charleston area have been closing in recent years to make way for new developments. But there's a notable exception taking shape in this affluent town.

The 36-home Arbor Point mobile home park is expected to start welcoming renters in the next month or two, not far from Coleman Boulevard, across from the Christ Our King church complex on Russell Drive.

The less-than-4-acre property was for decades the Shade-A-Plenty mobile home park. After owner Barbara Leviner died in 2020 there was an attempt to rezone it, which the town rejected, and then it was sold in mid-2023 for $3.5 million.

Isle of...

Read More

Our thoughts on this story:

The less-than-4-acre property was for decades the Shade-A-Plenty mobile home park. After owner Barbara Leviner died in 2020 there was an attempt to rezone it, which the town rejected, and then it was sold in mid-2023 for $3.5 million. Unlike mobile home parks that rent land to people with homes they own, Arbor Point will own and rent all of the units. Branning said rates for the two-bedroom, two-bathroom homes have not been decided.

Apartment rents have also been soaring, up 39 percent in Mount Pleasant over the past four years, according to Apartment List. The estimated monthly rent for a two-bedroom apartment in the town was about $2,100 at the start of 2024. Refurbishing Shade-A-Plenty with new units avoided the need for zoning approval from Mount Pleasant since the land was already being used for that purpose. Town planning director Michele Reed said the area is zoned for single-family homes, but the mobile home park could continue to operate as an existing "nonconforming" use. Unlike the neighboring city of Charleston or Charleston County, Mount Pleasant has not devoted millions of dollars to affordable housing. And the town has prohibited new multifamily housing, such as apartments, for the past seven years and is in the process of extending that moratorium for two more. Common Sense Translation: The new park owner outsmarted the city and is converting the park into “detached apartments” which is exactly the housing subset the city has been trying to block for years through aggressive zoning laws intended to ban them.

autoevolution: This Tiny Is Going for the Ideal Family Mobile Home With Big Bedrooms and Plenty of Space

Preview:

Tiny houses first rose to prominence in the early 2000s as more environmentally friendly alternatives to regular homes that promised less clutter, more intentional living, and, as such, a happier lifestyle. In recent years, they've become even more popular for their promise of lower monthly costs, higher affordability without the ever-present threat of a 30-year mortgage, and the ability to move around with it in tow.

Park models still deliver all these benefits but in a larger footprint that should – at least in theory – do away with the biggest downside of downsizing: spatial constraints. In most territories, park model tiny homes can...

Read More

Our thoughts on this story:

The Tellico is for sale now at a discounted price of $162,000, which includes the furniture and appliances shown in the video tour below. For this kind of money, you're promised nearly the same comfort of a proper home but with a smaller footprint, which should convince aspiring downsizers to take the leap and make the transition.
Common Sense Translation: Do you seriously believe that somebody is going to pay $162,000 for that thing? The folks that need to live in a tiny home have one common characteristic: a very small budget. At that price point I think closing on a sale would be more difficult than Biden walking up stairs.

Virginia Mercury: General Assembly offers new hope for aging mobile home parks

Preview:

While many of the costs that have contributed to inflation over the past three years have begun to moderate, there is one that hasn’t: housing. Over the past year, housing and related costs account for two-thirds of the increase in the core Consumer Price Index. Pick up any newspaper or follow news feeds online and you are certain to see reporting on the housing crisis that we are facing in most of our communities.

A report issued last month by the Joint Center for Housing Studies at Harvard University found that the extended period of rising rents during the pandemic has put unaffordability at all-time highs for renters. For the first...

Read More

Our thoughts on this story:

Manufactured homes, including those located in parks, represent one of the largest components of unassisted affordable housing in the nation. In Virginia, mobile home parks provide some of the most deeply affordable housing in many of our communities. But these parks are increasingly at risk as many long-time, traditional park owners are aging and looking to sell as they retire. At the same time, large, national real estate investors are increasingly interested in purchasing these previously ignored assets. When parks are purchased, rents rise and frequently tenants also become responsible for water and sewer payments as well as other fees. Since 2020, Virginia’s Department of Housing and Community Development has received 146 notices of Intent to Sell or Purchase Offer from park owners, indicating how active this market has become. Park residents face challenges that typical apartment renters do not. If they own their mobile home, as many do, they have little choice but to pay higher lot rentals and absorb utility bill transfers since they are unable to move their homes. The term “mobile” is a misnomer; these homes are mobile only to the extent that they are transported to their initial location. After that, the cost and impracticality of moving them means that they stay put. Legislation is pending in the General Assembly that offers some relief. Del. Paul Krizek’s House Bill 1397 offers local governments, tenants and nonprofit organizations the opportunity to purchase parks when sales are pending to preserve affordability and improve living conditions. There is evidence that this approach can work. Common Sense Translation: To bring old mobile home parks back to life, the new owners must increase rents significantly. Residents don’t like to pay higher rents. They don’t need to move their homes if they have a better deal as they could just sell the homes where they sit, just like any other single-family home. The real reason they don’t move is because the cost of every other form of housing is significantly higher than living in a mobile home park. When bureaucrats opine on giving the tenants the first option to buy the park they know full well that the success rate for that concept is something like .0000000001% but it gives them an out to pretend like they really do care and to then shift the blame to non-profits who won’t co-sign the mortgage.

Peninsula Daily News: Sequim extends its mobile home moratorium

Preview:

SEQUIM — A Sequim moratorium on redevelopment of mobile/manufactured home parks has been extended through Aug. 14.

The Sequim City Council unanimously approved the six-month extension on Feb. 12 to prevent any redevelopment of mobile/manufactured home parks in the city until a new zone can be created that protects the home types.

Doug Wright, a manufactured home resident, said at the Feb. 12 meeting he sees hope in the city’s actions.

"I see seniors with hope finally because something has been done to alleviate the fear they live with every day,” he said.

Wright said with the city creating provisions to preserve residents’ homes, it “can...

Read More

Our thoughts on this story:

Manufactured home residents have testified for more than a year to city leaders and staff that rent and/or leases continue to go up and that many of them are on fixed incomes and increases are making it difficult to buy necessities. They’ve also feared that, as manufactured home parks are being sold, they could be redeveloped. Judy Hatch, a manufactured home resident, spoke at the city’s Feb. 6 planning commission meeting, saying her park has seen an increase of $125 more a month and that, for some people, that equals their monthly food costs. She’s also been concerned about her park’s owner potentially selling and losing her home to redevelopment without anywhere to go. Common Sense Translation: You can’t have it both ways. You either like living in the mobile home park at the new rent or you need to move out. You can’t say you hate the park but also that you hate having to leave. There’s no way that the rents are NOT going to go up and still have the property remain as a mobile home park. This is no different that the grifter that goes to McDonald’s, orders the burger, eats most of it, places a cigarette butt under the bun, and then demands a refund from the manager for selling a dangerous hamburger. The residents are not going to get something for nothing – only the federal government engages in that misguided behavior. You can use the same argument on any U.S. product or service that inflated costs are taking away from food or other expense line-items. It’s an absolute fact that America is completely out of control with inflation and all Americans face tough choices. But is the park owner going to let the residents live in the park and lose money doing it? Absolutely not, so give up on that argument.

The Columbian: Residents in Hazel Dell mobile home park dealt losing hand after rent control bill dies in Washington Legislature

Preview:

Several residents of a Hazel Dell senior mobile home park gambled that rent stabilization legislation would pass — and lost.

Their landlord at Meadow Verde had asked them to sign a lease agreement that included a discounted rent increase if they signed by Sunday. Some of the residents weren’t due to sign a new lease for almost a year.

The discount tempted many of the residents who live on fixed incomes. But they believed the early rental agreement was an effort to lock them in at rent increases higher than the 7 percent cap in a rent stabilization bill before the Legislature. So they didn’t sign, putting their future in the hands of...

Read More

Our thoughts on this story:

Several residents of a Hazel Dell senior mobile home park gambled that rent stabilization legislation would pass — and lost. Their landlord at Meadow Verde had asked them to sign a lease agreement that included a discounted rent increase if they signed by Sunday. Some of the residents weren’t due to sign a new lease for almost a year. The discount tempted many of the residents who live on fixed incomes. But they believed the early rental agreement was an effort to lock them in at rent increases higher than the 7 percent cap in a rent stabilization bill before the Legislature. So they didn’t sign, putting their future in the hands of lawmakers.Then, on Monday, that legislation — House Bill 2114 — effectively died when the Senate Ways and Means Committee refused to vote on it. “We really had a lot of faith in our elected officials on both sides to do what’s right. They failed the people that needed them most,” Bart said. Common Sense Translation: Ronald Reagan summed it up when he said that the nine most dangerous words are “I’m from the government and I’m here to help”. Rent control is such a bad idea – with plenty of economic stats to prove it – that even crazy, woke Washington couldn’t bring itself to pass it and the residents bet on the wrong horse when they believed the hollow promises of today’s bureaucrats.

Bartool Sports: The Rock Calls Salt Lake City A Buncha Inbred Trailer Park Trash In His First Heel Promo On SmackDown In Years

Preview:

Roman Reigns and The Rock just headlined SmackDown together in a great segment - their first together since aligning at the WrestleMania press conference in Las Vegas last week - where Salt Lake City just got torn to shreds the whole time.

Roman came out first, made everyone acknowledge him (duh), and announced that tonight would be the first night The Rock could be officially considered part of The Bloodline. 

Then came The Rock, dressed in a Versace vest reminiscent of some of the crazy $500 shirts he used to wear back in the day and he just played that crowd like a fiddle. He built up this big attendance record they broke that night,...

Read More

Our thoughts on this story:

Interesting to see how the old “trailer trash” term is making a resurgence in American culture. Wait, I thought that such hurtful slogans were off-limits in the new woke America. I guess not. Once again, mobile home park residents get no respect because they have no political clout.

Adirondack Explorer: The promise of modular homes

Preview:

Unlike Rome, the Adirondack home of tomorrow will be built  in a day, or at least set up. It will use scant energy, and what it does need will be generated from rooftop panels or a community solar farm. The money normally spent on electricity, gas or oil bills can be redirected to the mortgage instead, increasing the affordability of these homes, which will already be cheaper than than traditional stick-built counterparts. Each house will be custom built and specifically sized, not just for the customer, but to fit efficiently on lot or land.

The houses will be built in the Adirondacks by Adirondackers using locally sourced lumber and...

Read More

Our thoughts on this story:

Here’s the quick answer: modular has zero promise unless it sells at a bigger discount than just 10% (stick-built $300,000 vs. modular at $270,000 according to the author). Until you get to at least 40% off, forget it. Nobody is going to buy a fake Ferrari for roughly the same price as a real Ferrari.

The U.S. Sun: LUXE LIVING Inside a tiny home community offering a ‘level of luxury’ with scenic views, spa and rent starts at $795

Preview:

It is the first-of-its-kind village in the area, offering lots and pre-built tiny homes.

"Carefree low-maintenance tiny luxury homes in the sunshine, plus the privileges of a resort-style living," reads the website.

"Ownership includes access to resort-style amenities including a central swimming pool, clubhouse with gym and activities room, outdoor community BBQ area, lounge, plus more."

There's also a hot tub spa, dog park, putting green, and Pickleball court.

"Our goal is to create a model for tiny home villages across the nation," reads the website.

"We're here to redefine the concept of community living by offering a wealth of...

Read More

Our thoughts on this story:

Could this be more cringe-worthy and insane? This park looks to be located (based on the photo), literally, in the middle of nowhere. Tiny homes are hot with Millennials but not retired folks. Where would a Millennial get a job in this location – on a farm? I hope there’s a Plan B since working remote is getting repealed by employers. If you could put this in the heart of a city, then it would work fine – but zoning would never allow for that. That’s the basic problem with all greenfield development.

WTVG: I-TEAM Neighborhood Nuisance: Sewer issues at Toledo mobile home park fixed after I-TEAM gets involved

Preview:

TOLEDO, Ohio (WTVG) - A Toledo woman can finally go to the bathroom inside her own home now that a sewage problem inside the Deep Lake mobile home park is resolved.

“Ah, it feels wonderful! It does,” Bonnie Russell, who rents a trailer at the park, said.

Russell reached out to the I-TEAM in January about the problem. She claimed her trailer’s sewer line wasn’t connected when she moved in.

“There’s feces under my trailer because the sewer was never connected,” Russell said in January. “We don’t have any plumbing, and we’ve been told to pee and pour it in the yard. We’ve been told to go potty in sacks.

Despite notifying park management...

Read More

Our thoughts on this story:

There are two sides to every story, but the modern media only provides one. Personally, this story sounds pretty fishy (“the owner told them to go to the bathroom and pour it in the yard”) but it would not be the first time a television crew failed to fact-check in their rush to fill dead time on the news.

The Reminder: Tenants fight rent hike, poor living conditions at Ludlow mobile home park

Preview:

LUDLOW — A 150% rent hike has caused residents of a mobile home community in Ludlow to cry foul, not just about the cost, but also the conditions.

On Feb. 5, state Sen. Jake Oliviera (D-Ludlow) and state Rep. Aaron Saunders (D-Belchertown) toured the West Street Village Mobile Home Community, a neighborhood of 44 mobile homes, most dating to the late 1950s and early 1960s. For about an hour and a half, resident after resident told the officials about faulty electrical infrastructure, poorly maintained roads and homes being sold with leaks and inadequate insulation.

The homes were purchased from and financed through Tom Lennon, owner of...

Read More

Our thoughts on this story:

This is one of the dumbest news stories floating around out there. This rent increase was formally approved by the Boad of Rent Control. Now the residents are claiming they know better than the Rent Control Board on what rents should be. That’s not how the law works. There is a legal methodology to life and you can’t later try to relitigate them. It’s like a 49ers fan trying to reopen the Super Bowl days later because the refs made a bad call. The Rent Control Board approved the increase and now you move on. Period.

KBZK Bozeman: HRDC stepping up to purchase Belgrade mobile home park, residents relieved

Preview:

BELGRADE — In 2023, the Belgrade Trailer Court was put up for sale, leaving many residents wary of the future. But now, the HRDC has stepped in to prevent the displacement some of these residents could’ve faced.

“This whole park is one community, and you can tell the worry is spreading,” said Crystal Wendt.

Wendt has lived here in the Belgrade Trailer Court for six years. She says when she first heard the news of the property going up for sale, she was devastated.

“Because you can just see it coming, new development coming to wipe you out,” said Wendt. “Many of us would face homelessness if anything like that were to happen.”

But now that...

Read More

Our thoughts on this story:

I’m not sure why the residents thought this park was a future development site – just look at the map for evidence – but if they want to conspire with non-profits to buy something then why not? I hope they have a plan on that 2-year debt, however, as it will be coming due right at the peak of the “commercial real estate apocalypse” when $2 trillion of worthless office building and shopping mall loans comes due (they probably should have used an advisor from the real world when structuring the deal and not an academic). If they ultimately default on the loan two years from now, then they would have been much better off with a professional investor that would never have agreed to those loan terms.

Bloomberg Law: Mobile Home Park Can Bring Pre-Enforcement Suit Over Rent Law

Preview:

A California mobile home park owner can move forward with its challenge to a state rent control statute after the Ninth Circuit reversed the dismissal of its lawsuit.

Peace Ranch LLC alleged in a pre-enforcement challenge that Assembly Bill 978—which applies to mobile home parks subject to jurisdiction under two or more incorporated cities—was specifically designed to target it after it tried to raise rents on its Rancho La Paz mobile park property by more than five percent. Judge M. Margaret McKeown, of the US...

Read More

Our thoughts on this story:

How do they find people to own businesses in California? I would go nuts if I had to deal with B.S. like this. They can’t charge enough in lot rents to make this compelling.

South Florida Business Journal: Fort Lauderdale mobile home park could be rezoned for development

Preview:

The new zoning would permit more than 1,200 residential units.

Read More

Our thoughts on this story:

Yes, that’s what happens when lot rents don’t make the property more valuable as a mobile home park than as a different use. As I have said in every week’s news review: low rents = redevelopment.

Portland Press Herald: The Maine Millennial: On mobile homes, let’s move with the times

Preview:

There’s no logical reason to ban mobile or manufactured homes from the same plots of land that allow stick-built single-family housing; I fully support Rep. Cheryl Golek’s bill, L.D. 337, to amend local zoning laws to allow mobile or manufactured homes on single-family lots.

When asked about their opposition to the idea, most people will hem and haw and maybe say something about safety – even though modern manufactured housing is built to strict safety standards. Or they’ll say something about “neighborhood character.” As if mobiles aren’t, what, pretty enough?

I think what it boils down to is property values – the idea is that living in...

Read More

Our thoughts on this story:

I know that a lot of people will be worried about taking “home rule” away from towns, but that’s one of the issues that brought us into a housing crisis in the first place. If everyone focuses on a very narrow view of what is in their immediate best interest, municipalities tend to end up with, well, with the current housing crisis.

What a frightening woke narrative. Communities definitely need zoning in which the $1 million mansion is protected from having a mobile home move in to the vacant lot next door. Sure, the woke writer of this article could care less because they have nothing to lose – they’d be the one in the mobile home. But you have to protect property values with strict zoning and Houston proved once-and-for-all that a lack of zoning was a bad idea.

Ark Valley Voice: POLIS ADMINISTRATION ANNOUNCES MODULAR HOUSING LOANS TO CREATE UP TO 4,755 MORE HOUSING UNITS PER YEAR

Preview:

Fading West Among Eight Modular Home Recipients of Funding Support

On Tuesday, Gov. Jared Polis, the Colorado Office of Economic Development and International Trade (OEDIT), and the Colorado Housing and Finance Authority (CHFA) announced funding to support the growth of eight modular housing manufacturers across Colorado. Collectively, these manufacturers are projected to create 4,755 housing units per year.

“Colorado needs more housing now, and these manufacturers will help us build over 4,700 more units per year so more people can live closer to the jobs and the communities they love,” said Polis. “This is an important part of our work...

Read More

Our thoughts on this story:

This article is mostly stupid but hidden inside of it was a 3-D printing company name and I went to their website and I was blown away by the product https://www.azureprintedhomes.com/backyard-studio/. THIS is the future of pre-fab housing. Take a look for yourself. Consumers would buy this product even if it cost MORE than stick-built.

WTVG: Residents still concerned after Ohio EPA reports bacteria free water at Swanton mobile home park

Preview:

SWANTON, Ohio (WTVG) - Residents in a mobile home park are still concerned that the water they use in their daily lives is not safe despite promising results from the Ohio Environmental Protection Agency.

Just 13 days ago, the Ohio EPA inspected the water at the Arrowhead Lake Mobile Home Park in Swanton. Results of the inspection show that there was no bacteria in the water but a residents tells 13 Action News the water is still questionable.

The inspection came after a recent water main leak where Kyle Nicholson lives, and the results say there is no bacteria in the water, however, Nicholson still says he can’t trust the water.

“Will I...

Read More

Our thoughts on this story:

Residents in a mobile home park are still concerned that the water they use in their daily lives is not safe despite promising results from the Ohio Environmental Protection Agency. Just 13 days ago, the Ohio EPA inspected the water at the Arrowhead Lake Mobile Home Park in Swanton. Results of the inspection show that there was no bacteria in the water but a residents tells 13 Action News the water is still questionable.

Another case of residents knowing more than the experts. Sure, I’d take the word of a trailer park resident over the Ohio Environmental Protection Agency – wouldn’t you? What kind of idiot news station would run this stuff?

Yahoo! Finance: ‘Shark Tank’ Star Barbara Corcoran: Why I Live in a Mobile Home (and Why I Paid $1 Million for It)

Preview:

Living in a mobile home or trailer probably doesn’t always have a positive connotation among the wealthiest class. But, that perception apparently didn’t stop “Shark Tank” businesswoman and real estate entrepreneur Barbara Corcoran from buying a double-wide trailer in Los Angeles.

She recently showed off her mobile home to TikTok star Caleb Simpson in a video tour. Corcoran previously walked the TikTok star through her Manhattan apartment about a year ago, which she also owns.

The Pacific Palisades trailer cost Corcoran $800,000 and she said she put another $150,000 into it.

For comparison, the average price of a new double-wide trailer...

Read More

Our thoughts on this story:

PLEASE GIVE IT UP, BARBARA! Nobody is buying any of this nonsense. Look, obviously there are cash-flow reasons for moving into the Malibu mobile home park vs. the stick-built homes that cost ten times more (Pam Anderson and Hillary Duff have done the same thing when their careers headed south) but it’s not because it was a financially genius investment opportunity. 

Sea Coast Online: North Hampton mobile home owners face soaring tax bills after reval: 'We're struggling'

Preview:

A hot real estate market led to soaring property taxes in two towns. Find out why some homeowners saw their property values double after a...

Read More

Our thoughts on this story:

A couple observations:

  1. So much for the argument that mobile homes don’t appreciate (when they are sitting in a nice mobile home park) as the tax assessor found that the average mobile home sale went up 87% in price over the past few years.
  2. If residents find this tax situation so bad, maybe they should have more empathy for park owners who are seeing the same escalation in property tax on the land only on a massive scale, and that’s why lot rents must continue to go up significantly.

Spectrum News: Tampa mobile home owner says lot rent increased three times in a year

Preview:

TAMPA, Fla. — Natasha Velasco juggles raising her family with small children and the tasks involved in maintaining her mobile home.

“This is my husband’s work clothes,” she said. “I wash and dry regularly because I have a big family.”

Velasco says the cost of doing so has gone up since the park’s owner now adds water to their bill.

“It costs a lot to wash clothes and take showers,” she said.

She says they also had three rent hikes for their lot since new management took over.

“At first, it was at $795," Velasco said. "Then they bumped it to $843 within a few months, and then in August, they bumped it up again."

Velasco said her family...

Read More

Our thoughts on this story:

Information from the NMHA indicates that changing public policy to incentivize park owners to sell their property to mobile homeowners, HUD properties and other nonprofits would create more housing security.

Wow, looks like MHAction has a new non-profit competitor called the “NMHA” (which stands for the “National Manufactured Homeowners Association). They support the same woke “free rent” movement and have pledged to annoy park owners and respectable bureaucrats throughout the country. Can’t wait to see this turf war escalate. I’m picturing the rumble from Will Farrell’s “Anchorman”.

BoiseDev: Mobile home park sale notification bill heads to House floor

Preview:

A bill giving Idahoans living in mobile home parks a better chance to buy their park is heading to the House floor.

On Monday, the Idaho House Business Committee held a public hearing on HB 424 from Rep. Elaine Price, R-Coeur d’Alene, a bill that would require owners to give 15 days of notice to a mobile home park association before a park is sold. Currently, if residents organize into mobile home park community associations in the hopes of owning the community themselves they must notify their owner once a year about their intent to buy the property. This bill would require the owner to also give notice in return if they plan to sell to...

Read More

Our thoughts on this story:

Price said this bill doesn’t require landowners to sell their property to mobile home park associations or stop any sales, it only gives residents a chance to make their own offer to preserve low-cost housing options in Idaho. She said this is helpful because often mobile home park owners sell these properties privately, so there is no notification to residents when it is posted on the MLS. “The whole idea behind this is to prompt the land owner to take into consideration the association and their wishes,” Price said. “It’s just adding language to try to get the land owner to participate in the association’s wish to purchase the land.”

We have sold several parks to the residents over the years. However, let’s get serious on how that works. The residents have to organize into an association with formal officers, then vote to buy the park, then conduct due diligence, then find a non-profit group to work on the project, then find another non-profit that will personally guaranty the loan, then have a final vote by all residents to more forward and, if successful, then put the whole thing together with attorneys and get it closed. The total elapsed time for all of the above is six to twelve months. Those type of deals only get done with the endless tolerance and patience of the seller. There’s no way that any resident group will ever be able to match the speed of a normal buyer, who typically closes in around 90 days.

NBC Montana: HRDC to purchase Belgrade mobile home park to preserve affordable housing

Preview:

BELGRADE, Mont. — The HRDC in Bozeman is buying up the Belgrade Trailer Court to preserve important affordable housing.

The nonprofit is purchasing the property at 315 W. Main St. this month. It was listed for sale last year for $1.5 million.

HRDC is taking on mortgage debt and two years of temporary financing to see the deal through.

The organization could maintain ownership or the residents could form an owners cooperative.

HRDC’s president and CEO says they are pleased to preserve another affordable housing option in the community.

HRDC released the following information:

Belgrade Trailer Court was listed for sale in 2023 for $1.5...

Read More

Our thoughts on this story:

So the non-profit is buying a 19 space park for $1.5 million? That’s around $80,000 per space. The seller had no known intention of shutting the park down, but the non-profit was adamant that they had to buy the park to save it from the wrecking ball. Here’s a quick fact-check for these non-profits: nobody is going to pay $80,000 a space for a park in Belgrade, Montana to shut it down. Basically the seller is a lucky guy because the non-profit probably overpaid and did zero due diligence, as they were simply obsessed with a public relations opportunity for more fundraising. They bought this park with a two-year interim note. I can’t wait to see how this thing appraises two years from now and how much more money they have to dump in just to get it into permanent financing.

fresnoland: Fresno mobile home park owner argues that court, city can’t force business to remain open

Preview:

Residents of a Fresno mobile home park are waiting on a court ruling that could determine whether many of them get to remain in their homes at least through the summer.

Fresno County Superior Court Judge D. Tyler Tharpe could hand down a ruling as early as Friday that would either keep tenants in their home while legal skirmishes play out or allow the park owners to continue evictions and ultimately close the park in the coming months.

Tharpe heard arguments from both sides Tuesday and said he would issue a written ruling in the coming days.

The judge on Jan. 30 issued a temporary order protecting park residents from swift evictions. La...

Read More

Our thoughts on this story:

What goofball judge would not agree with this common sense?

Harmony and their attorneys have said they are closing down the park and going out of business. They say they are not trying to repurpose the property, which would require government approval. They say that distinction is crucial and would mean the city and court have no authority to prevent a park closure, the company argued in a written filing submitted on Friday. “The government cannot stop someone from going out of business,” the argument reads. “The government may impose conditions and require a permit when the owner wishes to redevelop the park into something else.” 

But the same state that brought you the O.J. verdict may hold the judge just goofy enough to rule that the government can force a business to stay open indefinitely when it wants to close.  I doubt it will withstand an appeal to a higher court. However, if they rule that no business can close without government approval then I hope the government will force all Steak & Shakes to remain open as they are a great late-night stop when you’re out driving parks.