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Reply to "Any thoughts on mobile home park?"
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[quote=Anonymous]A mobile home is a terrible “investment.” They depreciate almost as rapidly as cars. You would be much better off purchasing a small home in a low cost of living area. I purchased a 3 bedroom, 2 bath 1920s bungalow in my Midwestern hometown for $100k. It needs some cosmetic work but I’m fixing it up over time while I’m using it as a home base while visiting my mom. It’s in a good neighborhood in a town of about 16,000 that’s growing and under an hour’s drive from several small cities and a major metropolitan area. Taxes, utilities, and labor costs for maintenance are low. It’s appreciating in value and I’ll come out ahead regardless of if I sell, rent, or eventually move there.[/quote]
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