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dcbl
USA Fan
Good guys wear white hats.
Member since Sep 2013
18932 posts

re: Chart of the Day: Mobile Homes as Percentage of Housing, US States
quote:


I thought their home was the library?


* vents by public buildings


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dcbl
USA Fan
Good guys wear white hats.
Member since Sep 2013
18932 posts

re: Chart of the Day: Mobile Homes as Percentage of Housing, US States


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Vols&Shaft83
Auburn Fan
Throbbing Member
Member since Dec 2012
65629 posts

re: Chart of the Day: Mobile Homes as Percentage of Housing, US States
My friend who lives in Lexington, SC buys, refurbishes, resells and rents mobile homes. Makes a killing doing it too. He also owns many other single family homes that he also rents out, but says the trailer homes are much more profitable.


I personally wouldn't have the patience or the time to deal with the type of renters that live in trailers, but he said he'd own a thousand of them if he could.






coachcrisp
Alabama Fan
pensacola, fl
Member since Jun 2012
16592 posts

re: Chart of the Day: Mobile Homes as Percentage of Housing, US States
quote:

It's now called Manufactured Housing, and is a huge growing segment of home sales.

If you've either built a new home within the last 5 years, or know something about how/why construction costs have skyrocketed in the last 5 years, you'll understand why this segment of the market has taken off.


Iron Lion
Alabama Fan
North of the river
Member since Nov 2014
5486 posts

re: Chart of the Day: Mobile Homes as Percentage of Housing, US States
quote:

So, come and get yourself a mobile home. Or don't. I don't care. 


- Robert Lee


Best YouTube video ever


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Arksulli
Arkansas Fan
Fayetteville
Member since Aug 2014
15453 posts

re: Chart of the Day: Mobile Homes as Percentage of Housing, US States
quote:

I personally wouldn't have the patience or the time to deal with the type of renters that live in trailers, but he said he'd own a thousand of them if he could.



I believe John Oliver had something on that topic with his HBO show "Last Week Tonight". Basically once a mobile home is put down it doesn't take very long for it become an immobile home. So your customers are more or less trapped there.

If you are renting them space in the mobile home park they really can't leave without abandoning their home. If you are renting out the mobile home itself to them you are still sitting pretty.

You don't have to spend a lot on upkeep for the property and those folks are usually to poor to move somewhere on you. You aren't making as much in rent but you are renting to a captive market so to speak.

A nice home or apartment complex requires a lot of upkeep to continue looking nice. For a mobile home park you just have to keep it from looking like the town garbage dump.

Not to mention, as Coachcrisp said, building a traditional home or apartment complex has gotten insanely expensive. Its a lot cheaper to buy manufactured homes which means its a lot easier to recoup your initial investment.


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I Bleed Garnet
South Carolina Fan
Transplant in TriBeCa /UofSC Grad
Member since Jul 2011
21332 posts

re: Chart of the Day: Mobile Homes as Percentage of Housing, US States
quote:

If you've either built a new home within the last 5 years, or know something about how/why construction costs have skyrocketed in the last 5 years, you'll understand why this segment of the market has taken off.

Yup

And I’m glad I’m not part of it


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