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Mobile homes, like cars, are "wasting assets". They gradually depreciate over time, and are generally poor investments. They have a relatively short useful and economic life, which is unlike a house, which can be maintained and increase in value, depending on many variables of course. The only investors who make out in the mobile home market are the companies selling them and the owners of the actual mobile home parks, who can do quite nicely. Once a mobile home is sited in a park on a lot it is very expensive to move, and thus the owner of the unit can become a hostage of the park owner. What often happens is the unit owner sells the unit to the park owner and it becomes a rental unit belonging to the park. The park owner then gets lot rent + the unit rent. Nice action. Around the northeast parks sell by the number of units times a multiplier, say $30,000. per lot X the number of lots in the park, thus 100 lot park = $3,000,000.
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