Mobile Home Park News Briefing

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Iowa City Press Citizen: Guest column: Mobile home park owners making housing unaffordable

  • Originally released by Iowa City Press Citizen on December 17th, 2022
  • Commentary made on January 20th, 2023

Preview:

If you have a favorite cashier at the store, or a favorite nurse’s aide at the nursing home who takes care of your mother, or you belong to a veterans association, you might know someone who lives in a mobile home park in Iowa. If you do, they, like me, are either already in trouble, or headed that way. Here’s why.

Mobile home parks are the largest source of unsubsidized affordable housing in the U.S. The residents own their homes, but not the land their homes are on. So, they must pay lot rent every month to the park owners. Therein lies the problem.

Several years ago, out-of-state investment firms started buying up MHPs in Iowa and...

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Our thoughts on this story:

Frank Rolfe

Another story of how larger owners buy up failing properties, inject capital into them to bring them back to life, save them from the wrecking ball, and are now guilty of ruining the world by giving people a better place to live at a still highly affordable price. Maybe this writer should contact the folks at Lee’s Trailer Park and get their take on that.

WBUR: A tale of two mobile home parks

  • Originally released by WBUR on December 12th, 2022
  • Commentary made on January 20th, 2023

Preview:

Large investors have been buying up mobile home communities at a rapid pace over the past few years, including here in Massachusetts. WBUR reporter Simon Rios dives into his reporting on two local mobile home communities that were faced with corporate buyouts, and the two very different outcomes they saw.

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Our thoughts on this story:

Frank Rolfe

The same boring story of how great the resident-owned community concept is without including the fact that the park in which the residents bought the park they paid $80,000 per space and are putting no capital back into it vs. the park where the corporate owner paid about $80,000 per space (after the residents refused to buy it) and then poured a ton of money back into the property to fix it up and raised the rents accordingly. At the end of the movie, the residents will be paying the same lot rent in both parks (because park #1 will still need all this work done eventually and the rent will have to go up to pay for it) only the quality of life in park #1 will probably be lower as they will have poor management and zero fiscal governance.