In May, La Plata County Assessor Carrie Woodson informed property owners of a staggering rise in the value of their assets. Based on sales that took place between July 1, 2020, and June 30, 2022, the median increase in property value was 20%.
But one category of properties stood out: mobile home parks.
The county’s mobile home parks – once a bastion of affordable housing – doubled in value, and rents are following close behind.
And when tenants such as Alethea Morris, a resident of Durango’s Junction Creek Mobile Home Park, are asked if parks are becoming unaffordable, the answer is unequivocal: “For a single mama bear who’s got two... Read More
Our thoughts on this story:
Here’s the key quote from this article:
Given that prohibitive cost of moving a mobile home – often upward of $7,000 – homeowners find themselves stuck, forced to pay lot rent or abandon their home and asset.
Do you see something missing in that list of options? First of all, you can get another park owner to pay to relocate your home as long as it has a HUD seal (post-1976) and you have the basic verbal skills to ask them to do so, but leaving that aside, why would the only other option be to “abandon your home”? Whatever happened to the concept of selling your home? The article says that the median home price is gigantic and affordable housing is sparse so why would these folks who can’t afford to live there simply put their mobile homes on the market and sell them and then move? In most mobile home parks, homes sell for $5,000 to $50,000 based on age and location, but this bizarre concept that “mobile homes can only be abandoned” is just plain stupid.