Banks Are Making BAD LOANS! (Mortgage BUST in 2023) kzitem.info/news/bejne/rI6iv5mhq4SVlno
@wonyankeesays5661
Жыл бұрын
He is misrepresenting MH costs,,,or stupid
@diy5729
Жыл бұрын
You are toootally right about having seasoned realtors to walk you through buying something. My boyfriend bought/sold several properties/homes with the help of an amazing Cuban friend of ours, Ruben. Lets just say, amazing knowledge and work. We will be hiring again and again for our realtor needs. Btw, you are sexy as **** 😍
@iamshewhowalksalone820
Жыл бұрын
Lot rent is so high now, it is not affordable unless you already own your own home. Many have restrictions on their homes, older, cheaper homes may not be allowed.
@suebruce493
Жыл бұрын
The ever more expensive regulations for mobile home site preparation is making that option also unaffordable. We are not dealing with institutional investors, we’re dealing with the criminally insane who have stolen all the money in the world and they enjoy making decent people suffer. Fact.
@amerk1
Жыл бұрын
Amazing tour
@ryanwilliams989
10 ай бұрын
I remember in 2007 when I was working in real estate seeing people buy homes new from builders with the intention of selling before close of escrow to a new buyer for profit. The crash was so brutal and fast that I remember seeing a lot of these units foreclosed on with the builder plastic still on the carpet.
@maggysterling33254
10 ай бұрын
Most people find it difficult to handle a fall since they are used to bull markets, but if you know where to look and how to maneuver, you can make a size-able profit. Depending on how you intend to enter and exit, yes.
@TheresaAnderson-kf5xw
10 ай бұрын
The enduring US stock market bull run evokes a mix of fear and excitement, presenting opportunities with insight, resulting in $780k gains in the past ten months, utilizing a portfolio advisor for a well-defined strategy.
@StellaMaris-lv2uq
10 ай бұрын
@@TheresaAnderson-kf5xw Please tell me how can I connect to your advisor. My funds are being murdered by inflation, therefore I'm looking for a more profitable investing strategy to put them to work.
@TheresaAnderson-kf5xw
10 ай бұрын
Sure, the Financial advisor that guides me is *Mary Onita Wier* and she is renowned and has quite a following. So it shouldn't be a hassle finding her. Just look her up.
@maryHenokNft
10 ай бұрын
Thanks for the advice. The search for your coach was simple. I investigated her well before using her services. Considering her résumé, she appears competent.
@jonathanhansen3709
Жыл бұрын
40 years ago my ex-wife and I lived in a mobile home park in Southern California for 3 years. I saw even then, the problem with owning a mobile home in a park where you rent you space. You have the disadvantages of both home ownership, and renting, without the advantages of either. I would never recommend a “manufactured” home, unless you own the land it’s sitting on.
@Mitzi73
Жыл бұрын
And sometimes when you own the land that it is sitting on the government will find a way to tax you off it or tell you your mobile home is not up to code.
@mildredwebster2822
Жыл бұрын
Well this is no different then the HOA subdivisions!!! They own the land. You pay your fee, strict rules. You don't pay, they can forclose and sell. You have a fire, they can choose to either let you have a rebuild or not. Well after looking into that, I discovered that you don't own the land and your insurance you get is for personal property only. Correct me please if i misunderstood something!!! I wd love to have a mobilehome again. Home away from home. The lot rents are outrageous and it's exactly how described!!!!
@rubyparchment5523
Жыл бұрын
@@mildredwebster2822 If “they” can decide if you may rebuild or not, you can bet that the “In Crowd” will approve one another, and refuse the rest of us.
@eattherich9215
Жыл бұрын
@@Mitzi73: the city will also tell you that your land is not zoned for residential structures.
@eattherich9215
Жыл бұрын
@@mildredwebster2822: HOAs are a way to gouge already stretched homeowners. The small neighbourhood ones are run by dollar store despots who like to make the life of others miserable. There is no way I would stand being told what colour I can paint my house or plants allowed in my BACK garden. Fortunately, I don't live in America and this type of aggressive overreach is not a thing.
@sct4040
Жыл бұрын
I tell my husband all the time. Thank G I purchased my 1-bedroom apartment in 1997 when I could afford it. And due to my 8 months of being unemployed in 2003, I saved like crazy for the next 17 years, once I got a job. Best decision I ever made. Fortunately , my husband too, was a saver. We are now comfortable. Anyone who is in a position to save should do so, your security is more important than things.
@youngyhasard3219
Жыл бұрын
FÉLICITATIONS À VOUS, VOUS AVEZ BIEN VUE, CE QUI SE DÉROULE POUR LE MOMENT
@claireburkus8497
Жыл бұрын
If this nation doesn’t care about our veterans, elderly or kids….the dollar rules out any compassion for mankind …really sad!!
@ursulasmith6402
Жыл бұрын
Thanks to Biden
@kirby-hm4mb
Жыл бұрын
@@ursulasmith6402 Thanks to Republicans and their survival of the fittest mentality.
@sheisLD
Жыл бұрын
These folks are all about to get a rude awakening because the dollar will not hold much value very soon....
@alansach8437
Жыл бұрын
@@ursulasmith6402 LOL! Yeah right!! Because we all know this just started in the last two years!
@wayneott5990
Жыл бұрын
I own a small manufactured housing park in Pennsylvania started by my parents in 1969. It is a cooperative and to be perpetual; not to be sold for profit and will follow the family. it is a lend lease and includes water the lots are large private and includes double wide and single homes. Lot rent is $215 per month for families; however, if over 55 the lot rent is $205 per month. The charge is based only on costs for upkeep of water, sewer, roads and shrubs.
@amym8073
Жыл бұрын
omg where?
@brendar9363
Жыл бұрын
This is wonderful
@achickfromthebricks
Жыл бұрын
I would like to start a housing park, can you enlighten me on how to get started it?
@wayneott5990
Жыл бұрын
@@achickfromthebricks Initiating any manufactured housing community can be a process that takes months and likely up to two years to get all permits in place. The community I have was established in 1969; my mother was a college educated bank manager and Native American. One must determine what one's goals are; here this is a not for profit community; most parks are for profit. One needs to find land with appropriate zoning and permits parks. One will need to employ both a good site engineering firm and attorney. Access to water and sewer is important either on site or municipal. The engineering firm must also include or have agreements with a survey firm for set up. Each step of the way must be inspected from sewer pipes, electric lines, water service, phone and cable, soil erosion plans. Insurance is not complicated and is necessary. One must plan to meet code for all applications even locations and landscaping. In Pennsylvania we have laws regarding communities which require certain aspects to plans and rules. One needs to also have good money management skills and forecast change and expenses. Questions you may call me leave a message at 814-447-3197. For me to provide an adequate response I would likely need to consume about 100 pages.
@Tsalagi
Жыл бұрын
That's a great Park ❤️
@jeff.0-3
Жыл бұрын
I used to be a financial advisor over 20 years ago. Do not be impressed by people you see driving luxury cars and living in large homes. There are many people who live like this that have NO money saved up. They make earn a good amount of money, but it all gets spent. They are one job loss or a large medical event away from being in financial ruins! Great video with lots a good content.
@katiekane5247
Жыл бұрын
And sadly, those folks think they're in "The Club" because they hang with others doing the same. They don't even realize how tenuous their positions are. I'd much rather deal with blue collar, regular folks, any day! Call me what you will, we are buying this double wide & have reasonable expenses, hardly trailer trash lol
@berlawberlaw1025
Жыл бұрын
Can the people get together and buy their mobile home parks?
@jeff.0-3
Жыл бұрын
@@katiekane5247 I would call you smart and RARE for having reasonable expenses. I bet you sleep good at night. Are you just buying the trailer or are you buying the land as well?
@timothykeith1367
Жыл бұрын
@@berlawberlaw1025 Sometimes that happens
@monarene44
Жыл бұрын
@@berlawberlaw1025 Some parks are owned by the residents just like it was a co-op.
@ginaroberts2964
Жыл бұрын
So many senior citizens find manufactured homes to be an affordable alternative. I am very concerned about them - many on fixed incomes. This whole mess makes me sick!
@rubyparchment5523
Жыл бұрын
Those “manufactured homes” blow away like paper in one of the frequent hurricanes (Florida, that is.)
@cross-eyedmary6619
Жыл бұрын
The initial purchase prices are much lower for homes in age restricted communities.
@mmmotives7452
Жыл бұрын
Can Seniors establish buddy systems and share rent.
@greensorrel6860
Жыл бұрын
Me too
@davisholman8149
Жыл бұрын
@@williamlyons3947 I knew about a lady in her 80s who lived in a mobile home park that was taken over by one of the big management companies. They kept raising the rent & I guess the lady’s son was subsidizing her payment. It finally got
@AmericanConstellation
Жыл бұрын
Investors are buying the mobile home parks for the land. Eventually the owners of the land will sell that land and tell the mobile home people that they have to get out. The land will then be used for commercial or expensive homes to be built on. I've seen it here in Florida for many years now.
@BashoStrikes
Жыл бұрын
They better hurry up, because if they invested recently, they're already screwed.
@leensteed7861
Жыл бұрын
Then the renters should band together and buy it themselves
@christophersaya8727
Жыл бұрын
My owns 3 mobile home parks in 2 different States. He says big developers want his land to do just that.
@AmericanConstellation
Жыл бұрын
@@leensteed7861 They don't have the unity or the money. I've seen this time and time again in Florida.
@bigmike9433
Жыл бұрын
They do the same thing in Arizona. It's sad because most of the mobiles are to old to move or not worth the cost. It's everything the people own. Very sad.
@fraa888grindr6
Жыл бұрын
My 83 yo mother and her husband live in a 28' trailer in an RV park in Northern California. When Covid hit in March 2020, the park closed the community bathroom/showers and laundry room per County Health Code and then raised the space rent 10% each year. January 2023 and the services haven't been returned; I'm hiring an attorney to launch a class action suit as there has *NOT been a single documented case of Covid transmitted from a public restroom, shower, or laundry. Those facilities are listed in their lease agreement. These people are vultures. *edited for clarity
@davisholman8149
Жыл бұрын
Your mom is blessed to have an adult child who cares enough to go to bat for her. Good wishes to you!
@ilovevag8437
Жыл бұрын
Stop running your mouth. You got no case. You ain't doing nothing. You're just angry
@Thommadura
Жыл бұрын
@@ilovevag8437 Actually, if the facilities are listed in the lease, there is indeed a case - and YOU are not a lawyer to know better. Stop running your mouth
@user-gt8st3qf4o
Жыл бұрын
Take your Mother and husband into your home and make their lives better.
@richhewett4667
Жыл бұрын
The 55+ community I moved into 18 months ago has had 2 owners in the last 2 years. The latest owners own 62 other communities. There was no warning 😳. The first week rental rates went from 461 to 840 dollars for anyone new moving in . I was told by regional management to expect 5 to 10 % raises per year. This huge corporation stole equity from the residents because now it is much harder to sell a home in this community due to the high lot rental rates. There is nothing the residents can do .😔 The majority of residents are on a fixed income due to their age.
@marycrandles4682
Жыл бұрын
Can you let your city know by getting the local news involved? We did that here in this senior park community where I , a local resident was on the local news showing that after the wind storm we had that knocked out electricity for 4 days people really had difficult times. All the other areas in the city had their power restored while we are existing without heat, water, etc.
@nonterrestriaI
Жыл бұрын
Just imagine if everyone who's actually suffering started calling their elected officials every single day until they start doing their jobs.
@valerierogers9609
Жыл бұрын
When the mom & pops owned the MHPs it was doable. Now, they're bought out by bigwig investors. They want rich retirees. Those snake investors will steal the home away from you.
@mildredwebster2822
Жыл бұрын
And that's how the land owner gets the home back for pennies and resales to someone that doesn't know any better.
@riskyron1416
Жыл бұрын
I once bought a home in an over 55. I didn't last 4 months. Like being a Jew among Nazis. I sold out in under a year for about 25% of what I had paid.
@Ocean_breezes
Жыл бұрын
In SW central Florida, the cost of rent exploded. My stepdaughter rents a crappy older mobile home on a small piece of farmland. $1200 a month for a tiny 2 bedroom. A lot of this is greed and supply and demand. This is not sustainable . I see a major housing crash and a lot of people homeless on the horizon
@smfarrie2943
Жыл бұрын
It’s already happening. Sad. Increase in elderly homeless.
@lorrainechandler7864
Жыл бұрын
😥😥
@jgrysiak6566
Жыл бұрын
And lots of northerners moving back!
@youngyhasard3219
Жыл бұрын
Regarder dans YTB chez vous, L HORREUR EST chez vous COMMENCE
@milo74156
Жыл бұрын
That’s with regular homes also evictions were held up by moratoriums
@juliejohnson1481
Жыл бұрын
I recently bought an "ugly" 1400 mobile home for cash in a 55+ park in New England, beautiful location right on the river (not in a flood zone). I bought it right and have instant equity. The park fee is $660 which includes water, sewer, snow plowing and trash. I was paying $1,800 per month for an apartment. Even with taxes and insurance I am paying half of what I used to.
@willowclay5406
Жыл бұрын
Save your money because there's no guarantee anymore. These greedy humans are ruthless and don't care anymore!
@imnitguy
Жыл бұрын
"Even with taxes and insurance I am paying half of what I used to." - Until you aren't.
@juliejohnson1481
Жыл бұрын
@@imnitguyHopefully I'll be dead by then. lol
@pkendlers
Жыл бұрын
Yes in New England, if you find the right mobile home in the right park, you can reduce your rent by half it's a miracle
@alansach8437
Жыл бұрын
Yes, but you supposedly own your own home, yet will pay rent for the rest of your life! How is that right? Also, don't think for a minute that they will never sell out from under you to a developer who wants to build a shopping center!
@christinestephenson1742
Жыл бұрын
My parents bought a home in Florida for the winter. Dad made sure he owned the land just for this reason. He didn't trust the then low rent costs for lots which many of his friends put homes on (mobile homes) He predicted rent prices on lots would rise uncontrollably and kick people off the lots. Now it's happened.
@greensorrel6860
Жыл бұрын
Your dad was wise
@kkswider899
Жыл бұрын
It is not hard to predict if you know human nature !Grid , more grid and even more more grid. Always speculating. Madness started with computer era and every Joe boeing investor and making a big $$$$
@irwinsaltzman979
Жыл бұрын
Large companies buying the mobile home land. Rich folks have plenty of money and looking for assets to buy. They then expect to make a return on their investment, say 5-8% dividend a year.
@benjones621
Жыл бұрын
I am the executive director of a Section 8 housing agency and the rents in my area have gotten so high it's hard for me to qualify individuals. Then I get calls from property managers desperate to fill vacancies but refusing to adjust rental rates.
@MichaelBordenaro
Жыл бұрын
That is such a sad dilemma, both parties lose...
@glebb215
Жыл бұрын
WOW ‼️
@johnineagle
Жыл бұрын
Hmmm, I wonder if the costs for landlords have increased the last few years. You know, taxes, mortgage costs, management fees, repairs, appliances and other material costs, utility costs.
@yadalda7875
Жыл бұрын
they arent desperate they can fill with market rate tenants. they just have to offer a quality of product that a market rate tenant will take
@benjones621
Жыл бұрын
@@johnineagle I have no doubt they have but it's unlikely the increase of maintenance costs is in line with the rental price increase. From my experience they are passing on those costs to the tenants through various new fees.
@drbassface
Жыл бұрын
In 1980, my Grandparents retired to Brooksville, FL. Brand new Double Wide. Florida rooms in front and back. Covered drive. Shed for tools, washer and dryer. Here’s the thing. They had LIFETIME LAND RENT Guaranteed to stay the same.
@TheRm65
Жыл бұрын
I deal with real estate agents all the time. My experience over the last few years is that the overwhelming majority of r.e. agents are absolutely clueless about the market, the areas, and the houses they're trying to sell. If the information isn't on their handout, they are unable to answer questions about the property. Two years ago I witnessed an agent who was standing right next to a house's heating oil tank tell the potential buyer that she didn't know if the house had oil or gas heat. And don't expect to get meaningful information about the area: if it's turning into a ghetto, the agent won't be allowed to tell you that due to anti-discrimination policies. Moreover, paying 6% in agents' fees on houses selling for hundreds of thousands or millions of dollars is absurd. This might have been a fair model back when most houses sold for less than 100K but it's absurd now.
@rubyparchment5523
Жыл бұрын
LOL @ ghetto status 🟰 discrimination.
@broeheemed32
Жыл бұрын
@@rubyparchment5523 "LOL" Your vice president was selected because of gender and racial discrimination. Hush.
@crosslink1493
Жыл бұрын
Not surprising. I met a realtor who couldn't tell me if a house had a tankless water heater or traditional tank system, and another that didn't notice a home had a fire sprinkler system (mandated since January 2011 nationally for new homes, not trailer homes), still another didn't know about a vapor barrier under the slab (I noticed the odd-looking vents on the roof).
@davisholman8149
Жыл бұрын
@@crosslink1493 It is shocking how incompetent some people are. I can’t imagine not being an expert about your ‘product’ no matter what that is. I have a B.S. in Technical Sales. I am the person who knows everything & more about whatever I am working on as a salesperson - it makes a huge difference.
@samanthablake646
Жыл бұрын
My mobile home is 50+ years old, I have no where to move it to and no mobile home moving Company would touch it. It needs so much work everything from the roof down needs to be replaced I'm ill and disabled so yes I'm worried. I know that I'm not alone. I pray for all mobile home owners, and homeless people. I'm just trying not to be homeless again. 🙏☮️💜🇺🇲💯
@mcarthurseekandspeaktruth109
Жыл бұрын
I live in a 2000 square foot mobile home with a massive living room, dining room and den. It also has two storage sheds, parking for three cars under the carport, golf courses, security, a secured entrance, a giant recreation room with pool tables, 5 (24-hour swimming pools), and it is adjacent to Palm Springs CA. We have mountain views and respectful neighbors. Our home is paid off and rent is 1,200 a month. If they raise the rent every year for twenty years, it would still be cheaper than renting an apartment. Everyone here lives a great life and has plenty of extra spending money that they are not paying towards a mortgage. I used to live in a 5-bedroom house in a gated community with a homeowner's association. These were the most unhappy miserable people I ever met. If you don't have goals of leaving property to children, mobile home living is awesome.
@naturalnewbie98
Жыл бұрын
Insightful experience and Valid logic.
@sandrabentley8111
Жыл бұрын
Same here in Florida. This guy in Miami is clueless about the rest of Florida.
@bettysmith4527
Жыл бұрын
My mom almost bought a mobile home in a park when she sold her house to downsize, SO glad, as is she, that I talked her out of it and she now lives in the perfect little condo!
@jodybogdanovich4333
Жыл бұрын
Beware of escalating HOA dues, special assessments, and restrictions. Learned my lesson after 10 years in my condo. 🤑
@dianakidd4219
Жыл бұрын
@@jodybogdanovich4333 Florida is tripling condo fees next year as they( each condo building) must have money reserved to fix the condo should something happen
@jodybogdanovich4333
Жыл бұрын
@@dianakidd4219 Basically what happened where I lived. It got to where my monthly dues were almost as high as my mortgage, plus we were expected to "volunteer" to do odd jobs or be assessed a non-participation fee. My health was declining and I sold and got out just in time. It was a nightmare by year 10. Oh, and we couldn't have a garage sale in our own private double garages!
@dianakidd4219
Жыл бұрын
@@jodybogdanovich4333 I lived in Pinnelas county. I moved 6 years ago. My HOA was $800.00 a month, no doubt higher now. Pinnelas county is a tourist town whom counts on workers in service industry. They have to rent 4 to a room. It’s even worse in the jets, 15 years ago renting half a small trailer was $1200.09 a month. No places to stay unless you have lots of money. I do miss Florida. Love it there.
@jodybogdanovich4333
Жыл бұрын
@@dianakidd4219 I'm kitty-corner up here in Western WA, I-5 corridor. I plan to visit Florida one of these days (as soon as gas prices drop more!) 🤑
@stevekovacs4093
Жыл бұрын
I remember when the monopoly game started in my life.. My 175 dollar apartment was sold to an investor. Rent increased to 300. A year later, sold again to another rent goes to 425.. I realized then I could only control my rent by becoming an owner. Don't be a cash cow for landlords and investors. Buy something as soon as it's practical to do so. At least a fixed mortgage will have no annual surprise.
@jayneweaver8695
Жыл бұрын
or listening to a scumbag landlord, or worse their property manager, neighbor, parking with 100 ppl etc., etc.
@xfhnhhgjbvcfg
Жыл бұрын
Don't forget insurance could be a big annual surprise
@jjohnson8977
Жыл бұрын
taxes HOA special taxing district, insurance maintanence. scum bag tenants that wreck home smoke do drugs move pets in 15 of thier closest friends don't pay rent then you have to evict, Yeah us landlords got it easy buddy
@jeretso
Жыл бұрын
Plumbers charging $250 just to show up then another $500 for an hour of work
@flower2289
Жыл бұрын
Thanks Steve. An intelligent comment instead of non-stop whining about the way the world is and always will be.
@luistor4510
Жыл бұрын
Big money wants to move people from houses to apartments, from apartments to mobile homes and from mobile homes to the streets.
@MichaelBordenaro
Жыл бұрын
Seems like it
@pm2886
Жыл бұрын
So don't be their patsy. Make sure you own a house.
@suebruce493
Жыл бұрын
Even owning your own house doesn’t guarantee anything because eventually the taxes can’t be paid due to inflation. I know, it’s my situation, complicated by the corruption that affects other members of the family. It’s time to fight back.
@cross-eyedmary6619
Жыл бұрын
From the streets to institutions where they can be quietly dispatched to “Elsewhere.”
@sandrabentley8111
Жыл бұрын
Hardly!
@dm-oz9yd
Жыл бұрын
and when a resident in a mobile home park passes away, the landlord seizes the mobile home after stonewalling the sale (they have the right to screen and approve or deny mobile home buyers in their park). These mobile home park management companies are bad news.
@youtubechannels9205
Жыл бұрын
Happened to me. I ended up selling Florida lake front beautifull home to owner for $2000 as they stonewalled each sale
@pm2886
Жыл бұрын
Maybe, but luckily no one is forced to live in them. It's 100% voluntary.
@youngyhasard3219
Жыл бұрын
A lire les commentaires, est e qu'il y encore des législatives chez vous
@cravinbob
Жыл бұрын
Mobile homes have simple motor vehicle titles too. Easy to replace.
@roadrunnergtx68
Жыл бұрын
My wife and I lived in a mobile home park for 18 years. Rent was $210 a month, and it went up $15 every year. The owner, a sweet old lady, ruled the park with an iron fist. There was law and order. We loved it there. When she passed and her nephew took over, it quickly deteriorated, and he didn't even care. It got so bad that there was even a shooting in the park. We moved out. Wife and I make close to $200k a year. We bought a waterfront lot in Port Charlotte and have elected a contractor to build our house. We will not need a bank. The sacrifice was well worth it. The institutional investors will gobble up these parks, offer the owners pennies on the dollar and build apartments. Much more profitable. Municipalities don't like these parks because of hurricanes and I don't blame them. In Florida, it's illegal to relocate the homes if they are more than 20 years old.
@MichaelBordenaro
Жыл бұрын
I heard a similar story a few times before about the park being ran very well for many years and then the owner retires or passes away and that's the end of it. Glad you're able to get a nice house cash
@roadrunnergtx68
Жыл бұрын
@Michael Bordenaro Thank you, Mr. Bordenaro. Watch your videos all the time. They are very helpful, and you get right to the point.
@roadrunnergtx68
Жыл бұрын
@Mz Peggy Scott First of all, it is illegal to make any modifications to a mobile without some kind of engineering calculation by a professional. Their structural integrity are not designed for it. When the owner of the park I lived in passed, people were going absolutely nuts. From pouring concrete slabs for extra parking to full-size additions as big as their mobile homes all without permitting. They were hoarding so much junk (refrigerator, ACs aluminum, tiles, fans, yard furniture), you name it, and it was in someone's yard. It got so bad that some of the tenants started to complain, including my wife. Nothing was ever done, and each of those things sitting in a yard is a potential missile in a hurricane. It is also mandated by the FD to keep the street in the park clear of cars so the FD trucks can maneuver in case of fires and they happen a lot (4 in my park during my tenure) one was next door to us. Luckily, we had already moved. I told my wife it was just a matter of time before the nephew wakes up one day and said, "I done with this park, I don't want to deal with it anymore" and decides to sell. Then, everyone will be left holding the bag. But not before the city's code enforcement takes a tour through the park.
@TomBTerrific
Жыл бұрын
Yeah when the park was ran by the lady accountability was enforced. Her socialist leaning, uneducated, and lazy nephew deserved losing his shirt. Fortunately you and your wife were savvy enough and educated enough to make yourself financially viable. I have never made $200,000 a year. I’ve also never lived in a trailer but what’s more important is not where you live but the choices you make when living there. If you’re just existing then any hardship you experience is on yourself for being a do not. Congratulations on your good choices and new home.
@roadrunnergtx68
Жыл бұрын
@Tom D Thank you friend. Wife and I believe in the old adage "live within your means"
@moebanshee
Жыл бұрын
I'm a senior my husband was 21 years older than me . Just a little background info. In 2016 I broke my hip Teddy had Alzheimer's and cancer. We were in an apartment for 38 years. The third floor. I couldn't carry him up the stairs anymore. We stayed with my one son for a year. We saved enough money to put down on a manufactured house. We had to move to a manufactured home. In a park. 2018 to now. I've been here for four years. Teddy has since died. My lot fee is almost $200 more then when I first moved in. Add to that the $530 I'm paying a month on the house. Teddy had Alzheimer's for 21 years. The last seven he had colon cancer. We were financially devastated. Now I have even less money coming in.. but the lot fee keeps going up 20% every year. The government really needs to step in. They won't of course.
@youngyhasard3219
Жыл бұрын
COURAGE prier prier, DIEU vous aidera
@uswilkibr
Жыл бұрын
Welcome to America, the land of the debt enslaved. Tragic and cruel.
@davisholman8149
Жыл бұрын
So sorry you lost your husband, MB. Everyone is struggling. The cost of gas, groceries & healthcare is rising to the point the average person simply cannot keep cutting budgets anymore. The politicians in DC make me so mad - they do not care about the average American - only the wealthy that finance their re-election campaigns!😡
@jonleone777
Жыл бұрын
When my dad got sick and had to retire early we were forced to sell our house and move into a trailer park when i was 12. It was very nice, clean and neat with a pool. However, as you stated they kept inching up the lot rent year by year. Eventually a lot of seniors ened up leaving. I would never live in one of these places. You are better off buying land and put your trailer on it.
@ichaffee1
Жыл бұрын
Not so easy if you're on a fixed income. Or have to pay someone for all the work that has to be done
@cravinbob
Жыл бұрын
You have a lot to learn Bub. Never say "never". Where did those seniors go? I will tell you, they were on the the street and seniors don't last long there. The FTC should be straightening this out but your government is corrupt through and through. Hunt down all my comments and learn then act because before you know it you are on the street.
@JBoy340a
Жыл бұрын
If you own a home and land, you still have to pay taxes and fees. And thoseclimb year after year. Inflation ...
@dbrew2u
Жыл бұрын
Florida is becoming a victim of its own success with thousands moving into the State every month . Making financial decisions such as buying a Mobile Home Park for conversion to High End Apartments or Condo's a very easy one . But at some point much like California . Florida's Middle Class will find that it has simply become unaffordable and leave .
@charq52
Жыл бұрын
Middle class-and lower-are your service people….what will the “upper crust” do with no service people? It is in everyone’s best interest to have all people living well.
@eddenoy321
Жыл бұрын
@@charq52 One would hope.
@hvaball150
Жыл бұрын
@@charq52buy service people I guess.
@brunoflmg
Жыл бұрын
@@charq52 McDonalds and other big chain retailers are investing in robotization for their operations. In the near future we won't see service people working in these places no more.
@MichaelBordenaro
Жыл бұрын
Unfortunately, that does seem to be the case
@SanerKurbay
Жыл бұрын
Although we are complaining US house prices being high, i checked some prices in Istanbul/Turkey . They are trying to sell apartments of 1600 sqft size for 450K usd in a modest location. I think this became the worlds problem actually.
@laurapopescu7768
Жыл бұрын
Same thing in Romania. Something is up. Making house unfordable around the world.
@SanerKurbay
Жыл бұрын
@@laurapopescu7768 wow i thought Romania was cheaper although i haven't been there but the impression in istanbul is like that
@williammathis6044
Жыл бұрын
Squeezing people out of basic needs like housing is a good way to spark a revolution......when people have literally nothing to lose things get ugly, VERY ugly and not for the peasants/commoners. It has happened time and time again in history and it seems we keep forgetting the past and making the same mistakes.
@gjunior2471
Жыл бұрын
Move to Buenos Aires.I was looking at prices there.Very appealing.
@RealLifeFinance
Жыл бұрын
My friend lives in Turkey. Says avg apartment aka condo was $150k before Covid and affordable to most. Now $450k and only rich and foreigners can afford. How is this happening?
@jillschoenleber2894
Жыл бұрын
My mom 82 and her husband 86 love living in West Bay Indies in Venice Florida. Their rent went up to a $1000 a month. In their paid for customized triple wide next to a pond. It is a 55 and older community. Multiple tennis courts,and heated swimming pools, and dinner theatre. Mom rarely cooks a large group of friends take turns. It comes out to once or twice a month that they host dinner. They priced off site in a condo and having to access all the amenities. It’s cheaper in their community. They’d love to welcome you to do an interview of respectable park living. Mom swims everyday and Richard walks 4 1/2 miles a day. They are much happier living in Venice Fl. In an awesome community.
@milo74156
Жыл бұрын
This guy is clueless
@imanjones3807
Жыл бұрын
No more eating out...movies...book stores...starting this week's check I'm saying 10%...buying groceries and doing a food chart so no food is wasted and all entertainment will be in my house...we are in a position where we have to do better or else we are out in the streets Period...
@jroar123
Жыл бұрын
There are billionaires out there who are doing their best to turn us into a Nation of renters.
@marycrandles4682
Жыл бұрын
This has to Stop! We need to get involved with our local politics.
@jroar123
Жыл бұрын
@@marycrandles4682 You see the problem, when the money drys up, the rent is still due. There is a time in one’s life where it’s just not possible to work as hard or earn as much as a younger person. Where will our retirees retreat when they don’t have the money to survive, on the street?
@scottiswatchingtele
Жыл бұрын
its not billionaires. it's where you invest. If you buy blackrock ETF's that money is being used to do this to everyone. it's a strategy to remove ALL paths to wealth for the people and control it by large world orgs who get the cash. it's fascism.
@pkendlers
Жыл бұрын
Wrong. They are trying to turn this country into an empty nation, with just a few sleeves for the rich. The robots will do the rest. They don't need us anymore and there are no legal recourse for the unwashed masses, unless they join up together and get legal representation. Or get torches in pitchforks and go after the rich. United we stand, divided we fall. The politicians have done everything they can to divide us. People, you need to think.
@peter455sd
Жыл бұрын
You mean A Nation of Slaves
@Savannah-ed4rv
Жыл бұрын
I saw a documentary from Canada about a mobile home park that was taken down and destroyed! They didn't care that those people live there for 20 30 or 40 years and it was a decent place and people depended on it. They just wanted the neighborhood to be better so-called, so they tore it down and everybody had to move. Very very
@carefulconsumer8682
Жыл бұрын
I enjoyed watching the "Rockford Files" and used to think it would be so cool to live like Jim Rockford in a mobile home on the beach.
@MM-ig2zq
Жыл бұрын
Word of caution don’t buy a mobile home in the FL Keys if the land is not included. Sooner or later you will loose what you paid for the home. Most of them you can’t even move them.
@chickengod9184
Жыл бұрын
I love how so many people point the finger at property owners and landlords for being greedy and charging so much for rent. What did I get for trying to be a nice guy and charging my tenants 600 bucks a month below-market value? I got from my tenants a $5,000 repair bill when they moved out and of course vastly increasing property taxes and disaster insurance which is probably going to double in the near future. There is a lot more to it than just pure greed but a lot of folks only look at it from their specific vantage point.
@AJ-ox8xy
Жыл бұрын
The average land lord isn't bad. It's the fact we have corporations which buy up entire neighborhoods or apartment complexs or mobile home parks.
@chickengod9184
Жыл бұрын
@@AJ-ox8xy I'm with you on that.
@MichaelBordenaro
Жыл бұрын
I think we Can agree that this is not about mom and pop Landlords providing a place for someone to live. We're talking about corporate greed willing to do anything to make a buck
@truthadvocacy
Жыл бұрын
Property owners usually practice rent hikes at such a level that they are affordable only by a few. Your case may be different, though.
@telcobilly
Жыл бұрын
I retired at 62 and the last two years of inflation of everything convinced me that my decision to move to the Philippines was the correct one. My property tax for my small townhome here is.....$40... PER YEAR. America has become unliveable unless you are a high earner.
@jillrussell7840
Жыл бұрын
One thing to consider is that many of these mobile home parks have aging infrastructure(sewer, water, electric services). Local policies have inhibited the development of new mobile parks where I live which had dramatically limited options. NIMBI and beautiful neighborhoods stuff. When investors come in and update infrastructure 500K and up they increase the rent. Even the ROCs (resident owned communities) have to do this to cover infrastructure maintenance and improvements. Not excusing predatory or negligent corporate behaviors. Just another part of the situation that needs identified.
@Floridawoodsbanshee
Жыл бұрын
In Tampa many mobile home parks are being bought up. Now they are huge apartment complexes or shopping centers. Even some of the golf courses are gone. So sad many middleclass can't afford a few hours on a golf course.
@hvaball150
Жыл бұрын
a decade ago, my brother in law got his SS big check. I was trying to help him with a mobile home ownership. he couldn't afford it. fees were $500 per month. they do have mobile home parks where owners own shares of the land. my mother lives in one. this prevents most of the problems because they have a vote. there still is a fee,but they have some control. like a condo. you would kind of be crazy to own in a rent park. without saving for a backup plan.
@MichaelBordenaro
Жыл бұрын
That does seem to be a good middle ground if you can't own the land out, right
@chargermopar
Жыл бұрын
A good friend of mine lives in a mobile home. Thankfully it sits on 15 acres upstate.
@DerekWrightX
Жыл бұрын
See that makes sense
@CurtisioPSN
Жыл бұрын
I lived in a single wide mobile home in a park for 17 years! If you asked me which is better - a mobile home or an apartment? - I'd say a mobile home! There is a lot more room, not connected to someone, you have your own parking space near by, and not much yard to take care of. You do, like with most things, get what you pay for. The higher the rent, the nicer the park. You can buy a nice house for $$$ or an old and small crummy house for $. If you can find inexpensive land to put your house on - that is certainly an option. That was what my aunt did! She bought a house in a park, lived there for a year, and then moved the house to the country. It was good cheap living!
@MichaelBordenaro
Жыл бұрын
Thanks for sharing that !
@buckshot6481
Жыл бұрын
Yeah 40+ yr ago I was convinced that mobile home would let me save money for a real home. It's the biggest scam going. You have to own LAND otherwise you're at the whim's of the landowner. In Northeast Atlanta over 300 families were thrown out in 30 days for a new MALL ! No Rights at all, everyone just had to leave.
@nysavvy9241
Жыл бұрын
So true Michael, real estate changed so much. Offices are empty, and people don't want to speak. They hide behind texts and email. Tough to gage who's serious.
@peggykoss4795
Жыл бұрын
So informative, especially regarding credit card debt. Something I’ll never forget while taking classes at community college is credit card debt is unsecured debt, and interest rates are compounded. Those with CC debt try and refinance to a 0% card if you can and pay that down, when your 0% term runs out find another and roll it into the next until you pay it down to 0.
@kenmoreSF
Жыл бұрын
My mom lives in a mobile home park near Santa Clara, CA and she pays $1,200 to rent the space and she's been there 15 years. The new tenants pay anywhere from $1,400 and up depending on the size of the spot. These mobile homes park have communal pools, library, hot tubs, gyms, gathering areas for parties, etc... amenities are really nice. So not all mobile homes are next step to homeless. RV parks is another story.
@JuancoPRoFlow
Жыл бұрын
Calm down Karen, don't take it so literally and personally. Smh
@geraldcroft9020
Жыл бұрын
@@JuancoPRoFlowshe’s not being a Karen…..karjuan
@michaellubeck8464
Жыл бұрын
but isn't 1400$ a lot of money after buying a mobile home for almost the cost of a house....i'm sure that 1400$ rent price won't last long - doesn't seem to make sense to PURCHASE an RV and then pay more or the same as a one bedroom apartment in a nice city, because with an apartment,, if i'm paying the same rent as someone who just bought an RV for the price of a home, why would i want to do that? the apartment doesn't require me to buy a home in order to live in it...save yourself the money on lot rent and just rent a nice apartment and save the money from purchasing an mobile home...now if the mobile home lot rent was cheaper by quite a bit, as it should be, then it would make more sense to buy a mobile home and then pay apartment market rates for rent.
@MichaelBordenaro
Жыл бұрын
Some of them can be really nice just like your mom's. I been to some of them here in Florida
@geraldcroft9020
Жыл бұрын
@@michaellubeck8464 I have an offer on a home here in Arkansas northern Arkansas should I say beautiful country close to a nice town asking 86 I’m offering 92 up to 101 there’s like 12 offers on it if you do the math 6% and finances it’s under $800 a month to live in a nice two bedroom one bathroom house in a nice neighborhood
@corinth1121
Жыл бұрын
Well my pappy always said you gotta own the land son. I member's that one and my mobile home sits on land I own. The home is mobile but most of the cars around it are not. Point is don't rent in a mobile home park....try to own your own plot.
@MichaelBordenaro
Жыл бұрын
Good for you!
@sherrigrey8131
Жыл бұрын
You Sir are "Speaking the Truth!" Educating the People is the first step! 😎 Well done!
@mjc42701
Жыл бұрын
I guess it depends on where you live and the park, I currently rent a one bedroom apartment at $1350 a month, I owned a double wide home in a park that was in a rural suburban area, it was a nice place to live and relatively quiet, convenient to everything but they went up on lot rents to the point I decided to move, especially since no utilities or maintenance was included in that fee, it started out at $380. and over the course of 4 years went up to $630. a month and I am sure is over $700. by now and that is just for the lot a lone, you cut grass and maintain it, pay for your own water and utilities, so I sold it and moved, even though the apartment is in a very nice area it is very noisy and maintenance is not always done or kept up, they also went up $300. a month on rent, so you're wrong about a mobile home being the less affordable or attractive alternative, these days unless you can buy a home outright there is no better choice.
@rubyparchment5523
Жыл бұрын
Spent all of the 90s in an Orlando apartment. The noise (mostly booming stereos, 24 hours, where whole place was shaking) was unbelievable. The Professional Management Staff didn’t care.
@shirley9066
Жыл бұрын
THANK YOU FOR MAKING PEOPLE AWARE WITH RIGHT INFORMATION TO PROTECT OURSELVES!
@MCC876
Жыл бұрын
I hope those living in a mobile park have family or friends they can pay affordable rent to and live there when things go bad. I hate to see the suffering of the homeless.
@wantsome-zs5sq
Жыл бұрын
I'm disabled and thinking about buying a mobile home. The only family I have left all 2 of them are dying. I guess I can always live in my car in walmarts parking lot.
@pm2886
Жыл бұрын
Why would family or friends charge them rent?
@sandrabentley8111
Жыл бұрын
Oh for goodness sake. Only SOME mobile home parks are like he said, many are beautiful and an affordable option for 2nd home owners who want to spend winters in Florida. Stop listening to nonsense.
@mntns2014
10 ай бұрын
@@sandrabentley8111Do you live in one? Struggle with disabilities and have nowhere to go if you can't afford the rent increases? For people living in these parks the fear is real.
@jetjones5175
Жыл бұрын
Wow, So sad what's happening in the mobile home parks, thanks for putting it out there. That was a real eye opener
@wchdb4476
Жыл бұрын
Where we live investors are buying mobile parks, giving people a year to move out and developing the land into lots for single and multifamily homes.
@elizabethashton9590
Жыл бұрын
The ultimate goal of these investors is to raise to rent to chase all the people currently in these mobile home parks out so they can build luxury apartments that they can rent for over $2000 a month. They don't care that they're are making people homeless . . . they only care about that almighty dollar. They won't be happy until we're all out on the street.
@radicalmind5742
Жыл бұрын
One more reason I loathe capitalism and everything it stands for. They have bought all the politicians.
@emzywillrich7243
Жыл бұрын
Michael, it helps to make a high income for a few years to get out of a bad situation. That's the only way to get out of debt. It will take discipline as you said. However, it's a behavior that very few can do consistently. It requires a paradigm shift in your thinking. It starts by understanding money and yourself.
@MichaelBordenaro
Жыл бұрын
Totally agree Emzy, you need to have that few years of discipline to really turn things around
@charliecharlie7898
Жыл бұрын
Mikey, you are so right on. I bought a double wide manufactured home, in Palm Harbor, FL in 2019, in a 55+ park. I sold it and moved back North in July 2021. When I moved in, the lot rent was $646 a month. It is now close to $900 a month. I also had to pay an Ad Valorem tax of $600 yearly, a sticker tax, that has to be placed on your window for $120 a year. I also had to pay for water/ sewer plus electric bill. Insurance was outrageous and couldn't get covered for flooding, as it was in a flood zone. I was so lucky to get it sold and out of there. Haven't been happier since.
@KevinGaberlavage
Жыл бұрын
I just sold my mobile home for $1,250,000. True some are low rent in bad areas but in the Florida Keys they can be worth a lot. In 2012-2014 the keys hit rock bottom prices, like a 5 year lag after foreclosures and short sales done in South Florida. so cheap i got one on the bay. Following your advice we said lets sell,we not want to wait for 16 years for prices to go up again.. So we moved to another mobile home park in Key Largo. Rent is $2300 but it 2/ 2 total renovated. So I stay another year. The owners agreed to buy the land to prevent a buyout by investors in this community. approx $86,000 per home. It on the Oceanside maintenance approx $450 a month. I am a realtor, i could move to Wynmoor condos are $2000 a month in Coconut Creek.Another great rental community is in the Villages. So there is value in mobile homes you just have to find the right one.
@MichaelBordenaro
Жыл бұрын
That is a tremendous win, congrats on that sale!
@KevinGaberlavage
Жыл бұрын
@@MichaelBordenaro ty sir
@hotwireman49
Жыл бұрын
They are only affordable if you can afford to pay cash for the house. otherwise you have the house payment AND the rent, (which goes up every year.)
@laurawalker546
Жыл бұрын
Buying into a resident owns community that is a manufactured home community owned by the residents and or one that has a pad and you own the land underneath it is a good investment. Otherwise stay away from the parks because someone will be buying it out from underneath you
@katkathy1180
Жыл бұрын
People are actually building “studio apartments” inside their mobile homes and renting that crap for 1000 a moth it’s absolutely ridiculous what’s been going on with the rent market. Absolutely absurd!
@whatsappme5015
Жыл бұрын
Hey Ty✨~~
@Tricia2023
Жыл бұрын
We have a lot of mobile home parks in Sarasota Fl that went from 500 a month for lot rent to over $1500 a month 😮That’s insane ! Now since the real estate bubble they are wanting up to $1950 a month for the lot rent and people are wanting way to much for there mobile homes in these parks that just two years ago were only wanting 35 to 55 thousand and now are trying to sell the same mobile home for over 150 k and pay almost 2k in lot rent that’s crazy 😜
@milo74156
Жыл бұрын
Same for all houses
@JohnDoe-jq1br
Жыл бұрын
What they are doing is raising the rates until most move out. The owners buy up the trailers at cut rates, and then demo them. Once the tenants are gone, the owners can build condo's or retail where the mobile home park was.
@casey9658
Жыл бұрын
Move to Texas. We own our mobile home and pay 500 for the lot. And I would live in a mobile home community before I live an an apartment any day.
@gladysrodriguez5647
Жыл бұрын
Not safe do you own the land? The owners can sell the land anytime and your $500 can go up to $600 or more.
@sarahm3896
Жыл бұрын
I have friends that live in San Jose. Housing is ridiculously expensive there so they bought a mobile home for 400k a few years ago. The mobile home is super nice & the park is very nice but I would never pay $400k for a mobile home. Just crazy.
@happycook6737
Жыл бұрын
That is crayZ for sure.
@jgrysiak6566
Жыл бұрын
Thats insanity!
@billmitchell3329
Жыл бұрын
Not crazy if you want to live in San Jose!
@pmscalisi
Жыл бұрын
@@billmitchell3329I’d probably live somewhere else
@firefly9838
Жыл бұрын
Here in the Midwest that would buy you a five bedroom four bathroom modern house on about 10 acres of land in my area.
@reneeimage3879
Жыл бұрын
The greed of these institutional investments never cease to amaze me ! How low can you go to kick ppl out and make a buck Shameful! 🤐
@JPisTheWord
Жыл бұрын
I was actually thinking about moving into a Mobile home just to save money and kill my debts sooner. But I don't wanna wake up with a broken glass on my car or come back from work with a broke in home. Maybe I'm thinking too frugal there. I didn't think that some "rich" people could live paycheck to paycheck just because of their spending habits. I learn something new everyday with your relaxing walks. I love this guy. 💙💪🏻
@peterhumphrys
Жыл бұрын
posssibly this is just a tactic to get people out of mobile home parks and put the land to another sort of usage, in other wrods someone has decided that the land is undervalued in terms of income potential.
@pm2886
Жыл бұрын
Not possibly, definitely.
@julialingle9280
Жыл бұрын
Saw a great documentary last year at a film festival called --A Decent Home--about this exact topic. This is nothing but a greedy land grab by big corporations who could not care any less about hard working people who are being kicked out of homes and mobile home parks where many have lived for decades
@KatieAtkinson
Жыл бұрын
My household is high earning, with good credit and we moved into a manufactured home. We custom built our home in a manufactured home park. It was a very nice park, in a HCLA. We have since moved out, but after we sold, I found we paid roughly what we would have paid for a 2 bed/2 bath apartment in the same neighborhood. Instead, we had all the amenities of the apartment complex (except package receiving), our own walls, and twice the space. It worked great until an investment bank came in, jacked up the rent and pissed off the tenants. Effectively the bank ruined the neighborhood. After that we purchased more conventional housing, but many of our neighbors didn't have that ability. Clarification: keep in mind the cost of a manufactured home in this case is rent + mortgage.
@MichaelBordenaro
Жыл бұрын
Appreciate you sharing that story
@randyranes5358
Жыл бұрын
It’s a great that you are highlighting how fragile an existence some people are living and how predatory rent increases are a real threat.
@MrRacket991
Жыл бұрын
"The great thing about mobile homes is that they're not that mobile." That's the credo of investors.
@miriamvivo4279
Жыл бұрын
Agree. Start as mobile, then build up no mas mobile. Now you are stuck
@Frank-nh9fe
Жыл бұрын
I believe MHs were never intended to be moved after initial placement. “Mobile” until placement. Basically a form of factory built housing, that predate the current modular homes.
@robertmatthews2009
Жыл бұрын
Mobile homes are VERY mobile… during a tornado.
@AbrewOfMusic
Жыл бұрын
Once the mobile home park is vacated due to rising rents, it then becomes a land lot that is worth more and available for sale.
@MichaelBordenaro
Жыл бұрын
Bingo
@northsouth8884
Жыл бұрын
Michael, the investor also usually gets to keep the trailer if the owner can’t pay the mortgage or move it.
@jroar123
Жыл бұрын
I saw the land behind my home sold to a major builder. They leveled the land removing all the trees including the old growth oaks. Then they built the infrastructure for the homes, which took a few weeks. Each home they built took days to complete. They used the cheapest material with the thinnest wood. Mobil homes would have higher building material. They sold them all sold to Black Rock (600 homes) but for a few they sold to California people that moved to Houston. The people from California sold their homes for a million or so and bought 1 or 2 of these homes. One to live in and one to rent. These 1800 square ft. homes sold for about $350,000. They packed these home onto lots that were supper small. I could fit 5 of these homes on my lot.
@Jeannified
Жыл бұрын
So important to keep all debt down! Definitely a challenge!
@Floridawoodsbanshee
Жыл бұрын
Not really? At the end of the month after your done saving gold and silver you should have nothing left for creating loans. That's how I do it. I couldn't possibly imagine creating a loan.
@Jeannified
Жыл бұрын
@@Floridawoodsbanshee I'd prefer to have no debt at all.
@Floridawoodsbanshee
Жыл бұрын
@@Jeannified sorry I forget most people are debtors. Agreed after you pay off or default on your debt obligations! Don't forget emergency fund ( minimum one year ) As well as being well stocked on food and basic things like soaps, ect.
@Jeannified
Жыл бұрын
@@Floridawoodsbanshee Absolutely!
@Floridawoodsbanshee
Жыл бұрын
@@Jeannified it can be done. It does take work. Sell things you don't want or need. Remember everything is a liability for the future. That includes taxes and insurance. God did not put us here to support government, insurance companies, or fat cat bankers!!! Write everything down on paper. Strategically make goals and one at a time accomplish your goals.
@charmainmorrison8615
Жыл бұрын
It’s so sad when companies take advantage of the poor, they are down on their luck as it is, yet they want to milk them for their last dollar 😢
@masterpoe4942
Жыл бұрын
And after..we can just die as far as they care...
@hvaball150
Жыл бұрын
check your portfolio... somebody has to fund these people first.
@D4x4Bronc
Жыл бұрын
Big money milking the poor even putting them in debt, then renting to them with quick repo
@brianmatthews4149
Жыл бұрын
I have herd it said there's lots of money to be made with the homeless situation.
@D4x4Bronc
Жыл бұрын
@@brianmatthews4149 only if you're a donation group collecting then no one monitors how you give it out. They buy all kinds of stuff for the organization too.
@shrimptempuraasmr3742
Жыл бұрын
A lot of the mobile home parks are even starting to sell the land right from under the mobile homeowners... it's really getting bad out here smh
@bustedd66
Жыл бұрын
i have seen manufactored houing sellig for 150k and they still dont own the land and pay lot rent. thats is insane
@MichaelBordenaro
Жыл бұрын
It is insane
@Just_Johnnie
Жыл бұрын
In Southern California, a 3 bedrooms and 2 bath mobile home is around $200000. This doesn’t include the lease of the land or any other fee. Also, the mobile home might be 20 or 30 years old already.
@mayor399999999999999
Жыл бұрын
Don't limit yourself to a certain city, state or country. Move where you're treated best. US real estate is in a bubble. The air is coming out but it could take years to play out.
@hvaball150
Жыл бұрын
I'll keep you informed on Tulsa's air coming out. probably be like Austin in 2009.
@MichaelBordenaro
Жыл бұрын
Couldn't agree more
@brassmonkey7566
Жыл бұрын
Some of the parks here in Florida advertise a monthly price and charge by the week so they collect more and makes it really hard to try to move
@Theguys1
Жыл бұрын
Wiw…compassion for the low income people. Thank you Michael.
@johnwelshmusic
Жыл бұрын
Great channel Michael ! Very similar to the situation up here in British Columbia Canada except I think the unaffordability is even worse and there’s not really anywhere you can move to if you can’t tolerate arctic temperatures. Keep up the good work !
@jgrysiak6566
Жыл бұрын
Washington state, coastline?
@FairBeautyEssentials
Жыл бұрын
With regards to the mobile homes what’s happening is that they are raising the rent driving up the rent so high to force the mobile home owners to move off the lot and these investors want the land that’s what they want to do. This was a really big thing last year especially in the north parts of Florida. It was all over the news. This is not nothing new. They have been doing this since early last year further north Florida jacking up people rent and or forcing them to move off the ground because investors/ mobile lot owners want the land
@FloridaGirl-
Жыл бұрын
I’ve seen vids in Cali and Michigan too on this. So it’s not just FL. My thought is. If you don’t OWN the land….🤚 Forget it!
@audreyrindfleisch-hamilton6395
Жыл бұрын
I owned a brand new single wide 3 bedroom two bath . Got from a manufactured home business that hooks you up with a park to live in . 20 yrs ago monthly payment on the mobile home was 372.00 Lot rent was 300 and then increased every year by 50.00 . Only good way to go is a mobile home single , double ect on your own property .
@HardRealist
Жыл бұрын
When it comes to the mobile home issues this isn't capitalism this is corporatism. Two very different modalities at play here. Greed and power has usurped liberty and the equal and general opportunity to pursue a decent life and living.
@BryceGarling
Жыл бұрын
Friend of mine in Oklawaha paid $450 then it jumped to $1000. I can't understand what's happening in Florida. Prices shooting up while people are flooding in. Tons of home and shopping centers popping up. Once the building stops there won't be enough industry to pay for these things. I predict a future exodus from Florida to the Carolinas and Virginia which will really mess with things. The new shops will close up.
@user-do2ev2hr7h
Жыл бұрын
The business strategy is essentially gentrification. If they make the parks nicer but it's still a cheaper option than other rentals/mortgage, they're able to attract a higher economic class of residents who think they're still getting a bargain at the higher rate. It's happened in other spheres of the rental market and is just now getting around to mobile home parks.
@kathrynj.hernandez8425
Жыл бұрын
The name mobile home is a hook. It's deceptive. People need to stop using the term.
@charlesrobert6211
Жыл бұрын
I lived in a nice mobile home park in Michigan back in 1980's, lot rent was $110 a month. Later I bought a small house a mile from downtown Grand Rapids. When I retired, I found a real estate agent who was fantastic. She not only knew her profession and got multiple offers on my house at a price higher than I expected but found me a very affordable home in a smaller town. It was a 3 bedroom, 2 bath manufactured home set on a solid block foundation with a horse stable turned garage still on the property. I paid $73,000 for the house and lot in Sept of 2020. The place is great, very little upkeep, reasonable taxes and utilities. I only wish that people who buy mobile homes hire a realtor to find a lot to put it on or purchase a manufactured home already on a lot. I see many good deals Michigan and the winters are not all that bad. Prices for rents are skyrocketing thanks to speculators but everything has a ceiling and when people are unable to afford to pay and can't find buyers for their homes then seek out federal statues on fair housing, file class action lawsuits on anything, anti trust, Rico price fixing, speciulation, pricing minorities out and tie up their legal department for years. Don't fight it alone, get organized, you become more powerful and get better results. Remember the old saying, Niagra falls is nothing more than a bunch of little drips all working together.
@jennifer3551
Жыл бұрын
There's nothing wrong with living in a manufactured home, but I would never live in a trailer park. The lot rents are absolutely ridiculous where I live in WA state. There should be some kind of restrictions for how high they can be, especially for 55 and older ones
@iowndvc
Жыл бұрын
It isn't just landlord corporate takeovers causing this problem. Runaway property taxes, insurance and interest rates are all factors contributing to the increase in rental prices.
@davidcherry8683
Жыл бұрын
I'm so thankful I have a home on land. I worry about working less than 50/hr week. At least I know what what I have to do to get by.
@elgato7824
Жыл бұрын
Hey Michael, I live in Broward and there's a mobile home neighborhood in Davie but you have to buy it, they don't rent. You have to come out of pocket between 38K to 42K upfront to cover the down payment and 4K insurance.
@michaelfuentes4068
Жыл бұрын
Here in Arizona the average starting price for a mobile park is about 6-700 a month and that's in the worst of area we're is drug and gang infested. Before if you were living in a luxury mobile park in a high end wealthy use to be 600 now it's like 1300, the cheap 3 to 400 a month parks are now 7 to 900 a month
@mitchellmay34
Жыл бұрын
I own a couple of trailers sitting in a mobile home park. In the last year just as you said the park was purchased by an institutional investor. They cleaned it up a little and raised the lot prices. They also added new fees such as garbage fees, water surcharges, and wanted to charge for the storage building sitting on each lot.
@jenaenglish3731
Жыл бұрын
I sold my house last year made double off it in only 3 years. Bought used mobile home gutting it and doing a remodel myself. Property tax next to nothing, cheaper internet, home insurance, electric ect. Basically my mobile home is same size as last home and its 1/3 to live there. Im working being debt free make over six fiquires. I owe nothing other student loans from vet school. I rather invest money than pay 600 a month in Property taxes like my old home or waste money going to a rental. Once im debt free im going buy land in cash and move the trailer then build house on site. I also know other people making 6 figures that live in mobile homes. Unfortunately there going be no place cheap anymore with all corporate places buying in. I wanted to to tiny home but found out laws in my state wouldn't allow for it on private land.
@IndigoStarrAz
Жыл бұрын
I saw a YT video about a group of mobile home owners buying the land before the investors swooped in. I think in some municipalities they are passing laws that so they have the first right of refusal.
@s99614
Жыл бұрын
This is a result of zero interest rates seemingly forever.
@palofthepaw
Жыл бұрын
Every community needs to stand up and organize to get rent control. I live under rent control and thank god! It’s given me piece of mind and stability.
@Justrelaxx101
Жыл бұрын
I was so close to buying a house in MA. My target was $400k in 2018 which would have gotten me a decent home in a safe neighborhood. Now I have the complete down payment but the same houses that was 400k then is now $650k. It will take me years to save the additional funds and by that point the same house will be about 800k. This just seems hopeless.
@hvaball150
Жыл бұрын
Michael said in this video he likes listening to people who make mistakes. 👍 to you!! a 250k mistake it seems.
@Justrelaxx101
Жыл бұрын
@@hvaball150 oh I have not purchased any home yet. Not going to pay for an overpriced house.
@eddenoy321
Жыл бұрын
And I bet you voted in that monster 6 years ago.
@Justrelaxx101
Жыл бұрын
@@eddenoy321 what are talking about? I’m trying to buy a house.
@miriamvivo4279
Жыл бұрын
Stay put
@donnahenson93
Жыл бұрын
Thank you for making people aware of this. The average guy can't get out of the cycle with current housing conditions. You make excellent points, regular folks think that mobile homes are an option until the $ makers come and they are priced out again.
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