Are mobile homes THAT bad? My mother doesn't like the idea.
>>2876566its only a bad idea if you buy them new.moving them is a task. you cant just hook up a truck, you need to secure the frame
Depends, many people have been happy with living in one. I think a lot of the stereotypes come from legit trailer parks where people rent the land the trailer sits on. Landlords can raise the price to whatever they want, because as obvious as it sounds, without the land, you have nowhere to put said trailer. Look into prefabs instead
>>2876574>its only a bad idea if you buy them new.Why's that? I would have thought you would want to steer clear of a pre-owned as you don't know the abuse it took.>>2876575Pretty much everyone(excluding drug addicts) I've interacted with that lived in a trailer was typically very humble and seemed content.>Look into prefabs insteadI'm a retard, what's the difference between a prefab and a trailer?Not OP, but I've been considering buying a few acres, putting a few trailers on it and renting it to ~4 families. Really interested in anything regarding this topic.
>>2876566
>>2876580A prefab is an actual home that comes assembled in pieces and is put together on site. They are actual homes that stay where you put them. A trailer is a depreciating asset that is designed to be temporary.I've got nothing wrong with those who live in trailer parks, but again, you are renting the land that your "home" sits on. They are not sound financial decisions if you have no intentions of owning land. If you're renting out trailers on land that's a little different, tenants know what they're getting into as there is no concept of ownership involved. If I was single and owned an acre or two, a trailer may be an option. That said nobody is ever impressed by a mobile home.
>>2876566renting a spot in a trailer park is a scam for keeping poor people poorusing one for long-term living on land you own while you build a real house is ideal
My dad always told me if it looks like it came on a truck, that's not something that is going to appreciate. It's still a roof over your head I guess. I think people get so caught up in what they consider ideal versus what they can afford.
>>2876566I've never lived in one but I've had several coworkers who did. Apparently it's a bitch to do maintenance on them because everything is a weird size.
>>2876575This. If you buy what is basically a "manufactured home" instead of a true "mobile home" they can be fairly well made. Think 2X6 on 14"~16" centers and as good a quality as one would find on a "nice" home. But if you get what is basically a travel trailer, they tend to be utter shit.
>>2876566Does it freeze where you live? If so for how long?Whats the worst weather you get?Max wind speeds?
>>2876580>Not OP, but I've been considering buying a few acres, putting a few trailers on it and renting it to ~4 families. Really interested in anything regarding this topic.I've lived in a couple mobile homes, and my complaints are as follows:- They're made with the cheapest everything. I found particle board instead of OSB or ply for subfloors, the older ones usually had cheap beadboard/particleboard instead of drywall for wall cladding, the siding was the cheapest dogshit metal paneling or vinyl. The plumbing fixtures were the cheapest plastic stuff. The kitchen cabinets will usually be cheap MDF that have taken lots of water damage and degraded heavily. The windows were super cheap, leaky single pane units. The actual framing was fine.-Trash people tend to live in them. Basically, the people who live in trailers tend to be poor, mentally retarded, drug abusers (after all, I lived in one). They don't tend to take care of stuff, and so it's common to find that the combination of poor quality materials with careless trashy users has led to heavy degradation of the inside of the trailer. This isn't universal, and is easy to spot so if you do a walkthrough and it looks in OK shape, then you might find an exception.If you get one in decent shape and you take care of it, then its an acceptable form of housing-- although it will always be heavily stigmatized and if you bother to replace/upgrade everything to make it comfortable and durable, it will still be "just a trailer".I met a guy who put six of them on his land and rented them out. He said he thought every day about just getting a bulldozer and scraping them all into a rubble pile (including the tenants). Unless it's housing for retirees near a lake or something, then you're going to be dealing with poor people who are constantly delinquent on rent and having to constantly work on them to fix what has broken. Also, you'll come to be on a first name basis with all the local cops.
My father was a hard working man and he cut corners where he could, but he always said he would never live in a mobile home (also called a trailer). We were not super privileged, but by god he made sure we didn't live in something that could be knocked over or off its foundation.I respect millennials finding alternative living arrangements, but it's a trailer. There are downsides to a framed box on wood blocks. It should be viewed as a temporary solution. Nothing against OP but you aren't smart because you found out about how great a trailer is. The stigma is real, with a lot of validity.
I never lived in one but there are lots where i live that look okObviously a house is ideal but i think id pick one over a living situation where i have to share a wall
For the most part they are poverty traps. Only instance they are good is if you have a large parcel of rural land and you need quick convenient housing. Buy a new high quality one, but realize they will depreciate.Do not buy them used with the idea you can remodel one. Do not buy one built pre 1976- they will have aluminum wiring and are legit fire traps. Do not buy one in a park with perpetual lot rent. This is some uniquely American ghetto shit.
They make a lot of financial sense compared to renting. Buy raw land, clear cut an area, get hookups, water (maybe well), sewer (maybe septic) installed, then plop a large singlewide or small doublewide on there and you've got yourself an incredibly solid home for $100k-$150k total. Finance it all for 30 years and your mortgage + property taxes + insurance will be hundreds of dollars cheaper than rent at an equivalent rental property. Then you take that extra money and toss it in the stock market and end up with more total assets than someone who bought a house and got ripped off.Pic related, I've been crunching the numbers on this for a while now, and mobile/manufactured homes win hard vs every other form of lodging, even home ownership. The fact that you can get your costs so absurdly low lets you save tons of money to invest in, and that's where the money truly is. Who cares if the home depreciates in cost if you end up with a million dollars in the stock market after 30 years? Just put the stocks in a basic bitch index fund like S&P 500 and let it grow.
>>2876822>$100k-$150k totalAlso keep in mind that figure the home itself is only $60-$100k of it. The rest is all clearing the land and getting it ready, as well as shipping.
>>2876822Also just for comparison this is the same model for buying a $250k actual home that appreciates faster than the national average (4% / yr instead of 3% / yr). Renting actually wins because the monthly costs are consistently cheaper and the renter can keep investing in the stock market while the owner only has the home as value.
>>2876834This is some adbanced level cope
Tow behind RV before a stationary trailer. RV parks are far far far far better than a classic trailer park. You meet interesting people in RV parks, not so much the case at a trailer park.
>>2876834Mobile homes are poverty spec housing usually with a model designed around keeping you poor. It's like buying a car, they don't wanna deal in cash, it's all about the monthly payment. I understand your reasoning with investing, but the eventual goal should be a real home. How have people lost all street smarts, its a fucking trailer.
>>2876822Okay. What's the value of a million American dollars in 30 years going to be? How valuable will your glorified boxcar be in 30 years of depreciation?
>>2876566>My mother doesn't like the ideaYour mom a ho
>>2876864A lot of people will want a real home on real land. The trailer can be a compromise, a disposable home on real land.
>>2877503>What's the value of a million American dollars in 30 years going to be? Inflation is a thing and of course 30 years in the future money will be worth less than it is now. >How valuable will your glorified boxcar be in 30 years of depreciation?That's in the spreadsheet, if you'd have actually checked it. The simulation assumes that the home depreciates by 2% of its value every year, and by the end of the mortgage it's only worth $65k instead of the $125k you spent on it. But you fail to understand what actually matters. Home appreciation is not a meaningful vehicle for wealth. The national average for home appreciation over the past 20 years is 3% per year. The average appreciation rate of the S&P 500 over the same time frame, including multiple recessions, is 10.5%. Putting huge sums of your money into a home is actually a bad thing -- you're forced to lock up hundreds of thousands of dollars into an asset that appreciates significantly slower than alternative assets.Here's the same simulation run for a $250k house. In this simulation the house appreciates by 3% every year, and by the end of the mortgage it's worth $600k. But, in this scenario, compared to someone renting for the entire time, by the end of the 30 years the renter has a million dollars more in their stock market portfolio than the owner does -- and so in the end the renter has more total assets, even though the owner has a house to their name.The ultimate goal is to spend as little as possible on real estate and invest as much as possible on stocks. Mobile homes let you do that because they're just so damn cheap, so if they work for the buyer it's a great choice. If you can find land that lets you put a mobile home on it (a lot of land won't), even if you buy it and spend half the costs on land + getting hookups in, you still end up paying very little for it overall and that extra savings can go directly into a stock portfolio.
>>2877549To massively oversimplify, the situation is basically this:The homeowner put $250k into an asset that appreciates slowly (3%/yr).The mobile home owner put $125k into an "asset" that depreciates every year (-2%/yr) and put another $125k into an asset that appreciates very quickly (10%/yr).Once you run the numbers, the mobile home owner ends up with a substantially higher net worth than the traditional homeowner. The traditional homeowner actually ends up with less net worth than a renter, because the renter can take the entire down payment and invest it at the beginning of year 1.This isn't to say you shouldn't own a home. This is to say that if you do own a home, you should view it as a cost and not an investment. You don't buy a home because it's a good financial decision, you buy a home because you WANT to live in one. Maybe you have a family and you value raising children in an owned home. Maybe you just want a higher quality of living. But in the end, it's a net cost, not a smart investment.Also what the fuck is going on with cloudflare cookies expiring constantly, I literally went to make this post right after the last and no, my IP didn't change in that timeframe.
>>2877552You make a good argument. I have a conventional home in an established 40s neighborhood and am just making minimum payments at 30yr/3.4%. It is a place to stay, not an investment. These dumbass flippers and people overpaying for shitty duplexes fucked up the whole market and hopefully will lose everything.
>>2877528It can be a good compromise as long as it is not in a park and there is no HOA/ lot rent. Any lot I would consider putting a manufacturered on would need so much development/prep that the cost savings vs site built would probably be negligible.
>>2877549I think you have failed to understand that in 30 years, you will have a bigger pile of far less valuable cash, AND a now 30 year old dilapidated boxcar that you would have to pay someone to liquidate it as opposed to just having a normal fucking house, of which is a far more palatable and upgradeable proposition to deal with. And I'm someone who grew up in a proper manufactured home on 5 acres of family land, so essentially the most ideal arrangement for one of these homes.They were slapshit made in the 70's by lazy ass boomers and they are slapshit made by whatever the fuck makes them now.
>>2877650You haven't even read a word of what I've said. Yes, inflation means the money is worth less in terms of purchasing power. Know what else, though? That also means that the house is worth less, too! Inflation isn't even relevant to the conversation at hand.Let me put it in terms that maybe you can understand. The person who buys a mobile home for a small sum and then spends the next 30 years investing the extra money they saved into the stock market would have enough cash on hand to outright buy TWO of the houses that the homeowner owns. Not loan, but just straight out buy out of pocket. They have almost double the net worth at that point.>They were slapshit made in the 70's by lazy ass boomers and they are slapshit made by whatever the fuck makes them now.So you really don't know what you're talking about. Legislation was introduced in 1976 that severely regulated the production of manufactured homes. Manufactured homes nowadays are built to a much higher level of quality than what you grew up in. It's still not as high quality as a nice house -- but it's higher quality than the average apartment, for sure.
>>2877681In your cope essay, you seem to place an insurmountable amount of faith in the purchasing power of that invested money actually being able to buy two actual homes. That's leaving up so much to chance, you could get btfo by simple regulation that could very well occur in that time, where people are restricted on how many homes they can own. Boomers won't live forever, and faggot millennials will eventually be in power. You could find yourself stuck with bagholding an actual shitbox while watching the average 2bd be 2.5million USD.
>>2877708So your whole argument boils down to "what if houses appreciate at 30% instead of 3%? huh?? what then??"At this point I can only conclude that you're intentionally trolling.
>>2876566bwahahaha do Americans really pay more than 50K for THIS ? HAHAHAHAHAHAHAHA MUUUUUUUUIHHHH EUROPOOOOORR MUUUUUUUUIHHHH HAHAHAHAHAHAHAHA what a terrible country for middle and lower class guys (you reading this). I feel better about my shithole thanks anon
>>2876580>I've been considering buying a few acres, putting a few trailers on it and renting it to ~4 familiesAre you some kind of masochist? Dealing with renters is bad enough, I can only imagine what renting to the sort of people who would rent a trailer on a few acres with ~3 other families would be like.
>>2876580>Why's that? I would have thought you would want to steer clear of a pre-owned as you don't know the abuse it took.MHs have a certain set of problems somewhat different from stick houses. There is a market for Mobile home parts to replace and upgrade things, so it's fairly easy to find things. Where a roof on a stick home might cost you $20,000, on a MH it would be much cheaper as it's generally smaller. I'm just saying that MHs have their pros and cons. Also re: used vs new: you can find a good used home for a fraction of the price of a new one plus the new ones, while better in some aspects, don't seem to have the level of quality they once did (at a hugely inflated price). $80-100k for a new MH isn't unheard of whereas you can find a good used one for 1/3 of that
>>2876609>, that's not something that is going to appreciate.not necessarily. Nowadays their value is better than in recent years (it's similar to vehicles that were once $300-500 vehicles that are now "$1,000 I know what I've got" --and they legit do)
>>2876566I've done handyman style work in a bunch of them. The build quality ranges from being complete shit to being just okay. You probably get what you pay for.
HOW MANY FUCKING TIMES ARE WE GONNA HAVE THIS THREAD?QUONSET HUTTHEY MOG EVERYTHING
>>2878004Absolutely nothing.They were a bargain post ww2 when you.could buy them milsurp. Why bother bow
>>2878004Quonsets became just as expensive as every other option because of retards like you shilling them.
>>2876609Construction is never the part that appreciates anyway. Its 90% the value of the land.
>>2878004We'll keep having it as long as mobile homes continue to exist and the board continues to get newbes that weren't here when you last saw it. There were threads you participated in when you were new that oldfags had already grown tired of seeing. Turns out the universe doesn't revolve around your personal stream of experiences.
