Mobile Home Living NO LONGER AFFORDABLE!
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- เผยแพร่เมื่อ 11 พ.ค. 2024
- Living in a mobile or manufactured home, used to be the cheapest form of housing you could get. Today it is quickly becoming unaffordable. With lot rental loans running you up to $1500 a month in some cases it's not unusual to have a seven or $800 per month lot rent and that is on top of your mortgage and your utilities and insurance and any other expenses you may have. But it's not just mobile home owners that are struggling to pay their bills, It's all homeowners. With HOA fees across the country, exploding along with property, taxes and insurance, owning a home is quickly becoming only for the rich.
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Love ur channel. Buttttt Guess what I am not responsible for your (I call dopey) choice to live in a hurricane prone area next to the almighty powerful water and spend millions to buy 30k a year in taxes. Living in Nj far from many natural dangers and I have to pay for your protection via my Fed taxes I pay. Sorry that is Bull S***. Hoping 10 hurricanes for Fla this year… then let’s see govt act. Might be enough for needed revolt against 10%ers…
@wallye8713 ja but this guy old but can prolly still get poonannyy.😅 and fla great for women 😅
Biden's America
Who gave the one percent the largest tax break in the history of our country
@@frankm2385trumps America too.
Really sad how unaffordable this country has become. American Seniors should not be struggling or evicted when we are giving money away to others!
and there are seriously republicans who want to cut social security by 20%
Giving it away to the illegal immigrants and sh*tting on loyal tax paying seniors. American Dream Gone Forever.
Totally agree ! 👍 FJB !
MAGA 🤡@@clintperry799
We should all fly to Mexico and cross the border to receive free welfare payments.
To my own research In USA, individuals living in cars due to partial homelessness result from a complex interplay of factors. High housing costs relative to income, stagnant wages, and income inequality drive this issue. Job loss, weak social support, medical expenses, evictions, and lack of affordable housing also contribute, while systemic problems and inadequate policies further perpetuate the phenomenon.
Considering the present situation, diversifying by shifting investments from real estate to financial markets or gold is recommended, despite potential future home price drops. Given prevailing mortgage rates and economic uncertainty, this move is prudent, particularly due to stricter mortgage regulations. Seeking advice from a knowledgeable independent financial advisor is advisable for those seeking guidance.
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Nevermind mobile homes. Just being homeless is becoming unaffordable.
Yeah even living in your car is very expensive when u add everything up.
🤣🤣🤬👍
Yep I'm homeless and barely making it
If your homeless it will give you the option to not be a slave to America
yep it’s participate in debt slavery or be homeless. Those are the options.
I hate seeing so many seniors working at grocery stores, walmart, everywhere. Yes, they could be doing it for 'fun', but I don't see it that way. They are ordered to move fast and do heavy lifting. They are tired and should spend their later years resting. This is so wrong.
Agree. Sad how we treat our elderly these days.
Their fault for buying into the idea of life.
Being in your 70's working at Walmart is NEVER fun!
The older generations are the reason were in this hell hole.
They bought in to too many ideas and pass their ignorance onto their children.
@@joshbamber
Bruh 🙄
I felt that.
Im so tired of living in this never ending nightmare.
Time to move to Portugal or Panama or Mexico, etc 🤣
Agree. I'm praying and preparing for the second coming of Jesus.
@@defyneduhhh keep waiting there kemosabe 😂 they been saying that for 2000 years
It's not good. It's not a mess that can be voted out of.
@@defyned setting yourself up for more disappointment is all you are doing, thats just so brilliant
Putting your property on someone else's property is not, and never has been a good idea.
This is common in the UK. You can buy the house but not the land. We don't want that system.
It sure isnt.
I agree get your own plantation!!!
This is already a thing even for houses as well. Your annual property taxes will tell you who really owns the land.
You never own your land free and clear bc if you dont pay your property taxes they will take it and sell to get there tax money.
In the 2008 crash I bought the smallest cheapest house I could find. 33k cash for a 550 sq foot 1 bedroom house . Still living here and love it.
Not gonna procreate huh?
@@MotleyPoo These aren't biblical times.
And your point is…..?
My friends all ask me why I don't move. Well because my house is paid off, my car is paid off. I don't live beyond my means, and I'm just comfortable here. Why would I want some huge house payment. All's I gotta worry about is property tax, ins. and upkeep, and I usually do everything myself.
They think you should upgrade your life?
They need you to share in the same misery they have! Stay put, hunker down! You’re doing great!!!!
That does not sound like a “friend”…
I'm in the same boat, I agree with you but time is going on soon I won't be able to do all the repairs myself. So eventually the grifters will consume us all!
@@johnrussell4954 I know I feel the same way. Knees don't work like they used to. Can't climb up the roof anymore like I used to. Or many other things that I used to be able to do by myself. Gotta call a friend that is just as busted up as me.
I charge $450 a month for lot rent and that includes electricity, water, garbage, sewage, internet, and cable. I haven’t raised the rent in 3 years but may have to increase it by $50 next year just to cover my expenses. Luckily in my area, the electric is hydro so the rates are cheaper and the water is supplied by a well. There’s a disabled vet on the property and he’s gotten an exemption in any rent increase.
I’m not looking to get rich at the expense of others.
God bless you.❤
$50 rent because you absolutely must is reasonable
Where are your properties located?
respect !
You are one in a million, kind person.
Most of us are one paycheck away from homelessness. One little thing goes wrong and you're done.
It's scary as hell.
And desantos just made it illegal to be homeless
and the people who are still comfortable will blame it on drugs even if you never touched them, so they can just write you off and not have to care.
@@nataliepierce-shult1052 Only illegal if you have to sleep or perform bodily functions .
@@karlnordinger5968 Like PEEING and POOING.
@@nataliepierce-shult1052States where its not illegal aren't doing well either. There's something much deeper gone wrong with both the more and less tolerant states across the country
My husband pointed out dumpsters FULL of people furniture and household stuff as we passed a mobile home park today. My heart wept for those whose lost their homes due to the land and rent hikes. 😢
😢😢
I believe something similar is happening in our area. We have recycling centers (no trash dumpsters) and people are dumping their furniture and appliances here - I guess they are trying to save the disposal fee at county landfill.
The only time living in a manufactured home makes sense is if you own the land you put it on.
People laughed about “better go get a couple of tents” before you’re priced out; but here we are. Australians will tell you that there’s a supply shortage of tents. It’ll be here soon.
If your a millenial and start putting your will money together now you can leave your kids enough for them to buy a deluxe Tent for 4 !.
What an ancient saying. The new modern trend will be "per bedroom or per bed". Some parts of of the Eastern Hemisphere have adopted such nasty practices.
They were sold to those groups who were protesting at the many colleges...
Well if cant get a tent then staple some cardboard together to make shelter. Also stay out of site don't draw attention to yourself.
Buy a sewing machine and some nylon fabric or if you wanna be luxe, some cotton canvas, some thread, some rope, a zipper and some seam sealer. You can literally sew a tent with two rectangles and two triangles.
They want them to be completely homeless. America!
Easier to control the masses when you have
Nothing.
Absolutely
Who is they who want them to be completely homeless?
No, not homeless. They want every person to be renters rather than owners.
@@jackwilson3121 The dictators of this world. We have one ourselves that is squatting in the White House. They are all working at getting rid of the middle class.
It is difficult to make exact projections for the housing market as it is still unclear how quickly or to what degree the Federal Reserve will reduce inflation and borrowing costs without having a substantial negative impact on demand from consumers for anything from houses to cars.
I agree, It's not just the prices, but also the increasing interest rates that are making it more difficult for people to afford homes. With a good FA you can make up your portfolio.
Agreed. I deal with an investment advisor for this reason. I currently have over $800k invested in a diversified portfolio that has grown exponentially and is suitable for all market seasons. Our current project for this year is a more concrete ballpark target.
How can I participate in this? I sincerely aspire to establish a secure financlal future and am eager to participate. Who is the driving force behind your success?
Monica Shawn Marti is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
I appreciate it. After searching her name online and reviewing her credentials, I'm quite impressed. I've contacted her as I could use all the help I can get. A call has been scheduled.
My grandparents to me: Plantation -> Mcmansion -> Tiny home -> Mobile Home -> RV -> Van -> Tent
!!! HELLO FROM SOUTH KOREA !!! Things aren't getting any better here. Single family homes just aren't moving. Everyone wants to live in a new highrise apt complex ( 15 min cities ) and they are everywhere now, and not cheap. Average cost for a new 3bdrm 2bth is between 800k~1.3 mil. And they are pretty much sold out before the complex is even finished. This is insane ! S.Korea is going to get absolutely crushed when the coming big financial disaster hits. So glad I live out in the country in a modest sized home...
It sounds like what is happening there is coming to the United States. I live in a high crime / low income neighborhood. Investors are buying up single family homes for more than they are worth. My property tax just doubled. Now the city (Cincinnati Ohio) wants to charge a $15. a month garbage fee so they can "grow the city". Commercial high rise buildings are getting tax abatements to convert buildings to "multi-use" (which I believe homeowners are being billed for. ) The only thing that is going to "grow" is the homeless population. 😥
I’ve seen TH-cam videos about babies and small children living in a few of those apartments. They are identical. They remind me of Soviet Union apartments, but new.
We're all living in the same Dollar Empire.
There is no "American Dream" in the USA anylonger. PERIOD
Nobody’s cooler than me and my Woolley Mammoth 🦣
there hasn't been in many years, most just couldn't see it.. blinded by low interest rates among other things.. long ago George Carlin said something about this.. something like you have to be asleep to believe in the American dream, something along that line & and again that was many years ago
@@robertpierpont2262 I remember his words vividly and believed it 30 yrs ago. I am a huge fan of George Carlin and you can find his old stuff on YT.
"They call it the American Dream for a reason. Because you have to be asleep to believe it "@@robertpierpont2262
The migrants think there is.
Homeless people are just ahead of the game.
I'm in a lawsuit against my FORMER land owner in a trailer park in Brighton Ontario[over 30 of 40 tenants involved in lawsuit] it's not just happening in florida!!
Same in VA
Suing them for what?
For raising rent on tenants in these mobile homes by 40 percent without notice. Have to give least 60 days notice. They are ultimately trying to force the people out. They own the home but not the land underneath. Some have left and abandoned the trailers. I think they want to get everyone out eventually so they can build a subdivision. These mobile homes are very old and rundown. They are still people's homes so it is a very sad situation. It's all some people can afford.
@@ashnichole8060 Gross. People are heartless! I’ve heard of things like this happening but any reputable company will offer residents fair (if not inflated!) prices for their property to entice them out. They would make a killing off of the new construction so will often offer much more than the units are worth so the majority will agree.
What you’re describing is beyond sleazy!
@@supernova11711 yea. So I was kind of involved bc the same people owned our home. He privately owner financed our home to us plus the land. We are not in the actual park. The park sits behind us.
The founding fathers said this would happen if we gave the power to print money over to the private banks 😢
Thomas Jefferson was right: If the people ever allow banks and corporations to grow up around them, the people will end up homeless on the continent founded by their fathers" paraphrasing).
Printing money would've been less inflationary than borrowing money.
Think you mean the Federal Reserve.
@@melissasmess2773which we’ve also done? The solution is to f***ing manufacture here again and export like mad with primo labor never seen since the 50’s, cut the federal reserve, and start our own currency backed by precious metal.
@@melissasmess2773 It is the same thing.
Lived in a mobile home park in Florida for 6 years. Bought home for $20k and paid rent. Rest started around $350 and went to $600 per month. Realized rent would never stay the same. Sold home for $35k. Will never do lot rent again.
Why would you not? It seems you came out ahead
@@davidbonet9397Because you have to work fulltime to pay bills... and usually the trailers lose value over time.
I think his point is that if he stayed then before long it would have become unaffordable to live there. Maybe he made a little when he sold but everything else probably went up by a lot more.
You really can’t even move a mobile home without it falling apart or huge cost
Especially an older one, which I had.
This is why you only buy a mobile home in a co-op park owned by the residents. People who buy a mobile home that sits on a rented pad are out of their minds… They subject themselves to the pains of being home owner and a renter combined!
My friend owns his mobile home at a co op and he loves it.
How do you find a co op park.
in a coop you dont own the land or home. you are only a share holder of property. you are basically in partnership with bunch of people. i prefer land owned community with hoa fees
Not like people have a lot of options. Cooperative parks are preferable but they’re few & far between, and will remain so until the corrupt sh*theads in federal & state legislature start mandating Right of First Option to park residents & close the Fannie & Freddie loopholes institutional investors game to increase their wealth. They shouldn’t be able to buy parks, jack up the lot rents & fees to artificially inflate the park’s value so they can take out more fed backed cheap loans against that to use for buying another park, rinse repeat.
Hedge Fund / Private Capital is buying these parks, they don’t care. It’s time to outlaw corporate ownership and force divestiture of existing holdings.
They're doing the same thing cross country. Legislation is needed to protect this entire country from bring owned by corporations instead of the people. 😢
This is the dumbest thing I’ve ever heard. Back the dollar by gold and asset prices fall.
@@sassykat2000 Corporations aren't going to let themselves be fleeced. They'll make sizeable campaign contributions to legislators any time such a bill would come up to prevent it from being passed, so good luck on that.
And non-us citizens
@@azmike3572they already did thats why they are buying single family homes.
Biden pass a bull that corporations have to pay a higher tax on income over 500,000 per sale
I'm disabled on SSI. I expect to be living in a tent under a bridge in the future. But they say my condition lowers life expectancy so maybe I'll get lucky & die before that happens. I would have offed myself a long time ago but God says those who endure to the end will be saved so I'm hanging in there.
A redo will keep me in the suffering succotash . so there's that. This is yukville.
We all have to hang in together. 👍
I think God said that whoever accepts Jesus as his Lord and Savior will be saved ❤
Salvation is not attached to endurance. John 3: 16
Yes. Our life is a gift from God. 💝The Lord giveth and the Lord taketh away, that is not our decision to make. Your heavenly Father loves you!
John 16:33... "These things I have spoken to you, that in Me you may have peace. In the world you will have tribulation; but be of good cheer, I have overcome the world".
Lot rent here where I live in Northern VA is $1655 . Absolutely insane
We had our RV at a park first month 400, 800 the second month and was asking 1200 the third month. We simply refused and moved onto our land even though we had to live off grid. I feel so bad for those who don’t have an option.
Crazy how the lot rent increased in just those three months!
The rich and government is trying to force everyone out on the street you are either rich or poor...its very sad...alot of us worked hard for homes etc just to be forced out for high taxes lot rent increases there should be caps on these fees for people...its digusting but they have money to give to other countries....prayers to all!
High taxes and lot rents are due to inflation, not money given to other countries but handouts to citizens caused more spending and inflation. Rent control is a disaster, New York proves it. Vote Trump 2024.👍🏻
I agree 💯
Also Biden is supposed to sign a treaty on May 27 with the world health organization in Davos Switzerland
@@trudyvaccaro1560WHO is a CCP pawn.
You don't have a government of, by, and for the people; you have FASCISM; government of, by, and for a handful of billionaire owned corporations (mostly the Fed's rock that is black). We've had a corporate coup since 1980, the Constitution is no longer observed at all, and no one seems to have noticed!
@@MplsMaventhe WHO is simply Bill Gates. He literally owns it, not China.
I remember a few years ago thinking “wow I’ll never be able to afford a home (even as a solar sales manager in socal) so I start looking into mobile homes and realized I couldn’t afford that either.
$50,000.00 might as well be $500,000.00 if you haven't got it and can't afford to borrow it.
What state do you live in??
@@gregorylyon1004Southern California, where everyone rich lives.
Just move to where normal people live and find a job. Nobody except millionaires buy homes there.
I live in Indiana.. you can get a $150k-$175k home easy. Hell in smaller towns here you wouldn't believe what you can get for that. You can also get homes that need rehabbed for dirt cheap here. Not so much In the bigger cities mind you. But like within 50 miles of Indianapolis & even if you worked in Indy its an hour drive, whats that in So Cal like a 20 mile drive takes an hour to drive? You can make $75-100k & live a pretty darn good life here
I live full time in a camper. It’s the same at campgrounds. Prices are up 30-40% from a couple of years ago. $1000 for a small concrete pad. Plus electricity and water. Bonkers!
"You will own nothing and be happy." Seems like a lot of people still refuse to accept that this is the plan and why everything is happening the way it is.
Who says we’re “happy?”
A guy I work with just bought a mobile home. He said, just the lot rent monthly is $800 and he also has to pay for his mobile home itself. Everything that was cost effective at one time has all been over priced ie RVs, mobile homes, renting, mortgages with taxes doubling and tripling, Land. Dwelling choices are being attacked on all fronts. It's crazy that it costs this much just to live and it keeps getting worse.
Home ownership and farming/food are being attacked. Now, what carbon does it seem they want to reduce?
Exactly even the cheapest ways of living are now expensive
The RV market, particularly in the southern desert region of CA, is nearing total collapse.
@@garycallihan4206and I don't feel a bit sorry for those greedy grifters either. They have been building them so cheaply and shoddily to make even more money. I hear the newer ones after 2006 are a disgrace. Unfixable even or cost a fortune to fix. I hope they all go bankrupt.
When young people realize they’re about to be strapped to a treadmill for life going nowhere, their will be massive blowback
It's already been happening. Lot of people trying to find their own pathway. Insulate themselves from the BS
They already know.
it's not just young people. I'm a gen xer. I'm pissed. we pay taxes and social security and they don't give us hardly anything in return. Plus no promises we will be able to finally collect SSI at age 70, IF we even live that long from the broken health care system.
@@christopherhendricks4369I’m gen x too. I have zero faith in social security. They’ll try to kill us off first...just like they did to the boomers.
I'm 30 and have a 10 acre homestead that I built and paid for in cash. Took a decade but I knew I wanted out of the hamster wheel the whole time. Unfortunately a lot in my generation are caught up in convenience/technology/luxury, they think they're above a simple life.
I was ready to buy a home but then prices went crazy, so I thought I'd buy a used mobile home, those prices went nuts also, then there's the lot rent, which is too damn high.
Michael is helping people see the light. Thank you for getting the truth out there Michael! 👍🏻
Yup, no incentive to buy a mobile home when lot rents are that high; makes zero sense
need land value taxes
Georgism is the answer
Lot rent can actually be cheaper than property taxes in some states
Buy land and then put an old trailer on it. Living cheap in Oregon.
@@melissasmess2773 I do the same in southern Indiana, only I bought property with an older mobile home already on it.. $119 per year total property taxes on the land which is 1 acre & the mobile home with no exemptions . I saw all this coming in 2016 so I bought the place, so glad I did now too! Its cheap living to the max!
My HOA was paying some company $11k a year to maintain about 1200 sq ft of grass. It’s a racket. Condos doubly so.
My HOA was paying a landscaper guy triple the going rate for shoddy work because he got one our Big Cheese’s daughter pregnant.
@@86FramerNeptism, classic.
Should not have bought in an HOA! You will learn, someday.
My HOA makes us pay for 2 maintenance kids and 2 golf carts that play on their phones all day.
@@pointnIaugh Those tiktoks don't make themselves.
All of this stress across the country has been deliberate
I've lived in a manufactured home in a retirement community on FL's Treasure Coast for the past seven years. While my lot rent's nearly $900/month, there are only worse alternatives. New apartments nearby START at $1,800/month for only one bedroom. I still work part time at age 70 to maintain a comfortable lifestyle with my life partner, and consider ourselves fortunate.
My sister is in Stuart. The number of “luxury” apartment communities being built are ridiculous and prices similar to NJ rentals. Who in FL can afford that? Heard people are living 6-8 in 1 bdr apartments and the “luxury” developer just looks the other way.
It’s down right scary. My husband is a phenomenal planner. He figured out our retirement. I’m GLAD he did because I would have messed it up. Even though you plan carefully as he did, there are things that come up. These increases are affecting all. I hear it from my friends. It’s unfair. Honestly. Everything doubled. Insurance, taxes, groceries. The list goes on. Went to a restaurant, and the lady who waited on us looked like she was in her seventies. Working when your body doesn’t want to or hurts is an awful thing.
I will be retiring early.
@@DIVISIONINCISION Enjoy it. I do NOT miss four o’clock in the morning and the hour and twenty minute each way commute.
Don't get me started on vet bills. They've more than TRIPLED! The shelters and rescues are completely full.
@@GingerPeacenik I hear you. My husband and I have had many strays or shelter pets we told ourselves that these are our last pets. It’s expensive. Especially if you want to go travel somewhere. Our cat will be 19 years old soon. This is because we are good pet owners.
@@GingerPeacenikThat’s SO incredibly sad.
America needs a complete change of course. Of course, no politicians will talk about it.
They'll talk about it for votes, but will never actually do anything about it.
America is GONE!!! Most are 15-20 years BEHIND what’s going on! America is going bankrupt by the end of the years! News just broke today that BRICS are announcing their own currency backed by gold are dumping the dollar! The dollar is worth 2.7 CENTS vs what it was worth 100 years ago! This country is gone and it’s sad the ppl have no damn clue! The fact that the ppl haven’t woken up is the ONLY reason why the economy hasn’t collapsed yet! But it’s coming
Too many profit off the problems to look for solutions
They'll lie about it election cycle after election cycle, to get your vote
You never hear someone talk about because the media will not report on it. Anyone that wants to change things will if they attempt to run for office face the full power of the federal government and media stopping them.
Its a nation wide problem
I'm in my 40s and live with my parents. I know it isn't an option for everyone, but it was a good decision to swallow my pride and work hard saving money while living with my parents.
If you're worried about paying your bills, and moving in with your parents is an option, do it. Don't wait until you *must* do it, just do it.
Our government is perfectly content with letting things get really bad, and we're not even close to hitting rock bottom.
That is what I did when I graduated business college, I lived with my parents still for about a year and paid down some bills.
WOW, you hit the nail on the head here!! I have lived in my 55+ community for 12 years and my rent started at $300 a month when I first moved in- now it is $1200 a month! I am now trying to sell my home so I can find a place without lot rent. Such a shame that corporate greed has put retired people that worked hard all their life on the street. I would like to retire soon but continue to work because of the cost of living.
"You will own nothing, happy...who cares" signed Bill Gates, Rockefeller, Rothschild, Mnuchin...
😔
Exactly, I lived in a 55+ park too, rent started at $300 and is now around $700. The owners just keep raising the rent gradually on fixed income residents. The leases are now month to month only so the owners can raise the rents anytime they want. Luckily, I was able to get out and sell in 2021, but unfortunately I still have friends in the park that are stuck :/ , very sad.
Here in the Northwest, I'm seeing mobile home parks being leveled to build apartment complexes , the land is worth a lot of money.
@nickwilkinson7728 - I wonder about that happening with some of the older run down mobile home parks in the area. How long before those residents are forced out? Another very nice 55 and up manufactured home community changed names slightly, and I wondered how THAT affected the residents? Might their lot rents have increased? It’s already scary enough knowing your home is more vulnerable to hurricanes, now you also have to worry about lot rent possibly going up.
I would love to get bought out by a developer.
Does anyone see what I see? In years gone by, 3 generations lived under 1 roof. We went to extremes w/ people living in 10 bedroom mansions w/ a maximum of 4 people living in separate wings. It's a wake-up call to celebrate the return of bunk beds w /2 siblings to a room. Life was simpler then.
Nowadays, everybody thinks they’re entitled to their very own apartment. Also, with all the divorces, a family is occupying two homes instead of one.
@@genxx2724 That's a point. I never considered the impact of covenants that ended, resulting in additional housing needs. So much going on in our world.
@@CB-jz2dn Yes. It occurred to me very recently. I haven’t seen it discussed anywhere.
Where in the hell is all that insurance money going
It's being paid out in dividends to shareholders.
Exactly! I’m looking to move to Florida from Arizona now (summer of 2024) and I was interested in mobile homes to save money and live cheap! But I can literally buy a single family home for the same price, and with a mobile home there’s no guarantee that the lot rent won’t go up or the land will be sold and you and your mobile home is kicked out, told to leave! There is no way I’d buy a mobile home or even a condo in Florida right now. No home with an HOA either.
you are messing up big time moving from AZ to Florida in todays world. You have to let Florida & maybe the whole country crash & burn before you move there or you will lose your butt flat out
No one should be looking to move to Florida
👍 best wishes!
Also, most are 55+ only. It’s makes you hate the boomers more
Smart! Find somewhere outside city limits. Less regulations.
We're heading into another Great Depression
And most Americans can't see it
By design
Its gonna be a reset
Already here!😊
A great depression with record profits.
Lots used to be 300-500/month almost everywhere. All these recent lot increases are mind boggling!
Something is going on. There's no reason for ANY of this to continue.
Florida has a maximum increase for homestead owner occupied properties that assessed value cannot go up more than 3% in one year. We should apply similar limits to lot rents and other issues…
I live in Huntington Beach in a very reasonable place for almost 20 years found out the plan is to boot us and jack up to over $2500 a month been looking mobile home parks here you can still find them $100.000 and up like you said the rent starts at $2400 - $3400 a month for space rent so its not worth it it’s just crazy on top of everything else
I was thinking about moving to Huntington Beach space rents are that high now huh
@@rjny51 yes sure is I’ve noticed because I look at Redfin to get an idea and the last few months more and more are for sell to be honest Huntington has gone downhill the last five years with all the drugs homeless and now section eight it’s a shame with all the Comifornia crap going on
That is insane
I aided my old mom to unload her Santa Ana mobile home in 2000. I'll say no more. They had opened up the 55+ park to all ages.
@@MichaelBordenaro yes it is insane on top of that now we have major drug problems and more and more mentally unstable homeless and section 8 everywhere Huntington was sued over that issue now it’s just turning to crap unfortunately and at those prices 😳
Pretty soon tents will have high mortgages.
I know, right!
Mobile homes used to be a way for a young adult to get started in home ownership. It worked for me.
I bought a new 14x70
2 bedroom manufactured home from a dealer in spring 1985.
I purposely chose the cheapest new model available. And put it in the most desired location.
It cost 13K.. delivered, set up, and fully furnished, tax included. I was 20 years old.
I put 20% down and lived in the nicest zip code in the area.
The lot rent was $191 / month.
The loan was also $191 / month.
I kept it for 2 years and saved.
Sold it the day it went up for sale, to the very first person who looked at it... for 23k.
I made an 77% gain in 2 years.
Took that 10K and bought my first house. It was a good plan.
Today all the starting options are gone. Failure to launch is the new normal.
Smart decisions
In some places the places you can put a manufactured home is very restricted due to zoning. It's getting harder to get home insurance for them. All-State apparently stopped offering it.
Crazy. Mobile homes used to be nice, safe mobile home parks for the elderly.
safe?
@@shirtlesslager most were. You had really poor government ones with a lot of kids that were bad, but most were older with no kids. Those were fine.
@@HorseracingtipYes, my AZ park was affordable and safe. Until they decided to close it, then most residents sold and left, leaving the 55+ park to turn into an RV park with kids. Went downhill fast.
I work for an HOA/Condo management company. It is so horrifying what I am seeing. These companies that are doing the inspections/insurance analysis are "raping" these condo's!!!! Also, the insurance companies have jacked their rates up so high that they have depleted their reserves (which now they are required to have xxx amounts) and they don't have the funds (budgets were done before they got their huge insurance increase) so now they have to raise the dues and the people who currently live there don't have the extra funds to pay the special assessments that are needed to fund the insurance increase and the reserve. It's so sad.
Lawsuits are coming soon to restore law and order. People won't stand for it .
I knew a guy who ran a small insurance company in miami... dude rarely worked and had 3 or 4 big ladies who just took in monthly checks.. its so much legalized thievery, i call it racketeering, because it is for a lot of us
I keep hearing that landlords are not the problem. But then you get apartments. Priced ridiculously and lot rents that are absolutely insane. So tell me again that landlords aren’t the problem.
Even if you own a single family home you need to budget for future repairs like a roof, furnace, central air, siding, potential sewer problems & other items.
Outrageous lot rents for a postage stamp piece of land is well, outrageous.
need land value taxes
Lot rent is cheap in Michigan
Yes, those mobile are pretty close to each other.
@@gregorylyon1004 For now
the thing with mobile homes is if you don't own the land the space rent just keeps going up and up until you are forced to sell for nothing then the park buys your mobil home and rents it out for big bucks it is almost the same thing as steeling but legal .
We own our 15 acres and no hoa. But our property taxes just doubled.
@@juliecramer8459 thank god you own your own land and I sure hope you are enjoying it that dream is over for most Americans these days I live in the Bay Area and this morning on my walk I seen a 2 bedroom I bath apartment for rent 3,900 in a very bad neighborhood lots of crime and I know for sure it will be rented out by tomorrow for sure to the lucky person that got it first. wishing you the best.
@@CalvinMorris-cf8jk Yes, it’s sad
Why would anyone want to live in the Bay Area anymore.
@@seth101-hv4st well we stay here because are homes are worth millions and they keep going up in value by the day I bought my home for 200,000 14 years ago and today it is worth 1.6 million it is the big money that keeps us here we want to make sure are children are set up for when we pass they can sell and move to wherever they would like to live but it is just to hard for us to walk out on that easy money.right now .my friend bought a duplex for 95,000 in 2010 and he rents the 2 bed I bath out for 3,700 and the 1 bed 1 bat for 3,500 7,000 a month for a 95,000 investment is not bad. his duplex today is worth 1.2 million we would be crazy to pack up and leave. we are just factory workers that got very lucky and we are enjoying the ride trust me.
Government keeps printing money but no one does anything about it.
I think this is, for me, the most overall informative video I've seen of yours. Thank you.
When we were in our mid 20's we looked at mobile homes. We couldn't afford a real house in California at the time, but we could afford that. I saw it for the trap that is was then, and I've seen nothing to change my mind. I'm so glad we waited so that we could get a real house. Now? I'll be fifty this year and I outright own my house in Kansas. 1,150sqft house with a 1,000sqft shop out back, on a decent sized lot that has a storm shelter and a 600sqft carport shed. It's a beat old house, but it's mine.
No clue what the future will hold, but I can't see any version where a mobile home on a rented lot makes any sense. Take care and good luck folks. We are in for a rough ride these next two decades.
It will be way sooner
Well, California and Kansas are far apart in terms of culture and weather. You downgraded to afford a house. I get it. It's too bad you couldn't have bought a newer house with more land.
We needed land when I was 40 and a manufactured home on 5 acres was all we could afford. It's a great place for collecting vehicles lol everything is paid off and I'm 60 and single and the land is one of the most valuable areas for growing wine grapes worldwide, the double wide is just fine for living in. Mfg. homes are a good value, 43% of homes around here are manufactured homes.
Time will stop. There will not be the passage of a decade.
@@melissasmess2773that’s the only way to go if you buy a MH is put it on land
15 years ago, the city decided we needed a new road and utilities on our cul-de-sac. When construction was complete, we received a 9k tax assessment to pay for the work that was done. I sold the home shortly after, and the road on the cul-de-sac is already needing replacement. The first road lasted almost 30 years and really wasn't in bad shape.
You mean you needed a new road, the city built it and that improvement made your property value go up, so they increased your taxes. Yeah that's the way it always works😂
Wouldv'e been cheaper to just pool the neighborhood's money together and pay for a private company to do it.
So glad my grandfather set up a resident-owned LLC for the park we have at our vacation home. $100/mo lot fees including water... and it stays kept up and clean.
This problem is starting to surface in AZ. We have owned two manufactured homes and were lucky enough to sell them during the pandemic for a nice profit. We sold because we realized that the rent was going up 5% every year regardless and that it would soon make them unattractive to buy compared to a regular home. Now the same complex that we sold in that had only 5 homes for sale when we sold now has over 40 for sale and has for a year. The complex next to it that built a whole new section of homes now has over 100 homes for sale that are not selling. People dont want to pay 200K-300K for a home and $1000 a month in rent. The other problem is corporations buying up parks and jacking the rent through the roof. I was working in a pretty run down park of trailers and talking with one of the owners who pays around $1100 a month in rent to live in pretty poor conditions. That rent is unfordable for retired people trying to live off of Social Security. Very sad!
Condo - Slave to the HOA
Home- Slave to the city council and property taxes
You're takin it in the Gabagool no matter what you do.
haha gabagool
That’s it
100% Disabled veterans in Texas pay no property taxes! Checkmate, young Duncan!
How do you suggest they pay for schools and streets, etc?
I never heard that G word before. I will start chanting and invoking it in my utterances here in northern CA. Thank you.
We lived in a 55 & up mobile/manufactured home park with over 900 homes in North Ft Myers FL. When hurricane Ian totally destroyed our home 2 years ago we owned the home outright but our lot rent was up to a little over $1,000 a month with a 3% increase every year. The lot rent included the throughway taxes, garbage pick up, lawn care, water and sewer. It was a much older community from the 70's but it was becoming way too expensive for most of the people who lived there and were retired and only getting social security every month. It was just becoming insane to live there.
Us old parents will mostly have to live with our children I guess.
Should have chosen Arizona instead of Florida.
Curious. So did you have to clean up the mess and haul out the frame from the park? What did you do with it? Glad I won't get a hurricane where I live! Hope you landed well.
Outstanding video Michael ❤
Michael I really love your videos! Nostalgia! I grew up in Miami, NE. My grandparents paid $35k for their house in 1955, NE 52nd street! Your walk through the lush neighborhoods brings back sweaty memories! I live in Las Vegas now, every day I don't sweat is a good day!
Lately I saw a Video on Tiktok, where a young man lives in his car to save money for a mobile home. Well I hope he sees this video!
It’s getting that crazy
The young man has already achieved his goal, as he currently resides in his quite-mobile home!
@@garycallihan4206 Some people will not get your humor!
tiktok spies on your phone, and no, i dont use facebook who does it half as much as offshore tiktok
i did that, miami, 2009-2010. Got miamidade mobile at tip of us1, 20 min from the keys, 417 a month, 0 prop tax cause i put homestead exemption
Correction, If you live in house you don't own the land. The government owns it, and you get to look after it and pay taxes on it.
This is true
True. I can only continue to own my house that I completely paid for if the government doesn't raise my taxes to more than I can afford.
Once the government raises my taxes my home will be their's to take. So the government is just loaning it to me.
Ah yes I'm still listening. Yes, I am also at the mercy of the insurance companies.
South tip of miami dade, 0 property tax, private mortgage so no insurance either... 517 a month, 100 of that is hoa for the pool amd security. 20 minutes from key largo 😂
And make improvements for them at our expense as well
Exactly. Out property taxes just doubled over night
I have watched a number of your videos and I must say this one is the most “on point” - well done!! I feel for the mobile home owners, their dire situation is further compounded by the insurance industry in Florida. I used poor judgement and bought a mobile home in a mobile home park about 6 years ago and in that time my lot rent increased about 30% with no end in sight. I was extremely fortunate and was able to sell my home for a 50% profit 1 year ago (small miracle).
It seems like just yesterday you were off on your road trip to CA. It's amazing how time flies even during these tough times.
I like Michael cuz he’s not only smart, he’s got a lot of common sense, which I appreciate very much! Thank you
My friend lives in Pennsylvania in a mobile home park. She owns her home but rents the lot. A new company bought the park and her rent from $350 to $950 a month and she is on a fixed income😢
It’s horrible
Geez
By the time legislation against this comes it'll be to late.
I hear you, brother! I live in central Florida. Today, my wife and I were talking about how hot it feels for this time of the year.
A few years ago, a real estate investment company got controlling interest in a condominium in Florida. The first thing they did was raise the monthly HOA fee from $400 to $2000! I’m thinking more and more about moving out of Florida.
I've owned three condos and three houses in the twenty or so years I've lived in Florida. Here's what I've observed: condo ownership is not a low-budget decision but rather; it's a lifestyle decision. Whichever one you opt for, make sure you're financially prepared for the expensive surprises that WILL come along.
My brother pays $500 a month in fees for landscaping maintenance and doesn't own a yard, only the land his condo sits on. It's a luxury lifestyle for sure.
Many TH-camrs could possibly make big improvements by trying to emulate Michael’s highly efficient delivery style.
Exactly!
Most youtubers are bought and paid for by manufacturers. That's why the videos are full of ads. The content they do is tainted and unreliable information.
Thanks I take that as a compliment
@@MichaelBordenaro
Glad to hear it, as I am in awe of the highly listenable way you pack so much great intel into each minute & in a way that resonates with our experiences in this era.
So your a communist
My dad is in Ft Myers. Manufactured house, very nice, owns his land. A company bought up all empty lots in his neighborhood and is selling houses with no land rights. It is insane to buy a manufactured house and not own the land.
I've seen ads for this kind of thing in Central Florida. The little houses are brand new and adorable, but buyer beware. The lot rent is high and will only go much higher.
I live in one of these mobile home parks. A big company bought it last year and doubled the rent. Then 6 months later increased again. No repairs done. Most people that live here are disabled or retired. Some will be homeless soon.
What state?
Florida is just going to be a place for vacation not residency.
Only for Millionaires .......
it's looking that way
Not at all. Their crushing the prices and people living so ppl with money can come in and build it up nicely for the next 25 years in my opinion.
That’s the way it used to be to be the influx of people have ruined Florida
I always heard people saying they were moving to FL and I thought years ago how it can continue. Looks like we reached a point where the numbers have caused it to become expensive now.
Greed is out of control…it’s not inflation it’s greed
It’s the fiat Ponzi scheme.
Inflation is the tool of the greedy
The greed starts with overspending and therefore overtaxing local government.
@@davidhopper7295 The greed starts with Corporations!
Its both... unluckily.
And if you look at the worldwide debts... it wont end well. Very sure this one will be worse than 08/09.
$1300/month for lot rent? WTF?!?! That used to be a nice starter home mortgage. That is insane. I've always thought the mobile home parks were a stupid idea ( expect for the person renting them). I put them in the same camp as getting a government leased land to build a home.
Thanks for shedding light
I bought a mobile home with the land in North Central Florida seventeen years ago. Property taxes have doubled, but they are manageable with homestead exemption. I have zero overhead. My electric runs about $75 a month, water-sewer is $35., and we finally got Fiber (which allows me to use my cell phone, too) for $55. There is a satellite station where we can leave our trash. So my monthly utility expenses run about $165. Insurance doubled, but it runs about $150 a month and I may drop it since when the hurricane hit my area last year, I didn't get a dime. The deductible is $1600 and the tree damage cost me $1400.
I understand that we get insurance only for absolute emergencies... but the way things appear to be regulated, if such an event occurred, I wonder if the insurance would claim insolvency and not pay a penny. Over the 17 years (I had several rental mobile homes on land, too), I spent probably $65,000 on insurance altogether. It seems like highway robbery, a legal scam to me.
If you have savings, why even carry insurance on a mobile home? That's just wasted money. You paid out of pocket anyway due to the high deductible.
I heard about a couple who “self insured” and put all the theoretical insurance money into a bank account
I self insured my mobile the day I bought it!
Now I can afford to go to church & get lunch afterward with coupons & gift cards!😮
@@DIVISIONINCISION ---It is supposed to be there for devastating circumstances. But had I not insured all these years, I would have had that $60k to use for repairs post-storm.
The “ freedom states“ with no state income tax, seem to be the hardest hit. Highest insurance and highest property taxes…..oops
Taxes will come from somewhere. States that brag about no income tax won't tell you the property taxes are sky high and also ones on the cars.
There is no free lunch, everybody pays the Man.
@@andrewkaska471sales tax!
Not all. I’m not going to mention what state I live in though because enough people are already moving here. I was one of them.
Thx again for such great info. Best channel on TH-cam. Almost at the 200k mark.
You are Spot on… I just had my driveway redone it’s 5” thick 160ft long concrete was cracked. It was almost $52,000. My neighbor said the previous owner paid $10k like 15 years ago….some of the estimates I got were over $80k
Corporate and Landlord Greed!
Time for 1776 style revolution 🤣
Trite.
@sfm45 agreed! Time to go founding fathers on this BS
Hey Micheal, my name is Josh and just happened onto a video that came through to my TH-cam logarithm. I've been watching since Friday and have put down a dozen or so. Its easy To understand Why the tone of your audience seems so genuine, a quality that is rare these days and is proof of the respect they have for yourself and the content your providing. At any rate It Wasn't my intention to layer on the compliments but I feel almost obligated because of how well you communicate. So really what prompted me to post here didn't have to do with anything specific to any video but it is the topic that is most important to mostly all of your videos. The FED, I have a strong suspicion that your audience is very educated but I'd be willing to bet if you were to break down exactly what the FED is how it was created when it was put together who put it together and how it controls basically everybody's life with a more or less caveat of not understanding or believing how it's possible that it's allowed to exist. I also be willing to bet that breaking this whole system down would blow a lot of people's minds. Additionally I believe it would also put many people's minds at ease knowing that they don't have to be the "one" that has to ask about A system that they have been so loosely speaking about in conversations about the logistics of business and the economy . 100% there's a large r majority than you would think that will be very happy that they will gain this knowledge without having to ask and then actually be able to stand behind discussions and arguments in the future with whichever party there Conversating with. I'll be 1 of them whereas I get the idea of it, I don't know the history fully Other than It was set up by I believe the main Builders of America with Rockefeller, Morgan, Carnegie and otjers??!!? and honestly most likely that's not even remotely close to being correct. I don't know if that's something that you think would be worth your time seeing that you could just look it up on Google but undoubtedly the reason it would be more valuable coming from yourself to your audience is because of the aforementioned respect they have for you. for doing this. I waa close to mentionong that I believe that audience or listeners that religiously follow you and possibly challenge a lot of things that you say may even have the most respect for you but then after thinking about it your videos are too well outlined with answers and documented facts and those that atill find a way to argue may be a little touched . seriously it's a story with key past facts that back up the only logical conclusions. Anyway thank you for providing all this
It feels like there is a push to get people to default so as to allow whomever holds the loan for a home owner, or is in a position of power over the mobile home owner - seems like they are positioning to take the properties by default, all nice and legal-like...ugly feeling.
Here in Canada you can't get a mortgage on a mobile home. I live in a double wide 55+ mobile home and my pad rent is $445 per month. The province has a cap on annual rental increases.
In Oregon, United states, the trailer has to be legally attached to the land, no axles or title, in order for a bank to lend on it. Loaning money on a trailer with wheels on it is too risky😂 👋🏻🛻
I don't think you can get a mortgage on a mobile home here in Indiana but they have special loans you can get for em if you own the property it sits on & they tie the land into the loan, if you don't pay you lose your land
Laws should be brought again corporations owning homes or land at all. This is DIRECTLY reminiscent of "coal mining towns" where the corporation gave you your pay with its right hand and took it all back with its left! If youll recall it took our government (back when it wasnt owned by WEF) to break these up. If i recall there are still laws on the books in most states to effectively combat corporations and their cronies in all three branches of our government.
Well, look them up and get your state and federal legislators to submit bills to "combat corporations and their cronies". Then watch corporations begin to make sizeable campaign contributions to keep such bills from being passed.
Right and left hands....quite a quandary with respect to hygiene in islamic societies.
@@garycallihan4206 You could always wear a glove. I do.
i spent the weekend visiting LONDON & stayed in a high rise apartment - its was depressing - no space - no garden - no social conversations with your neighbor - filthy windows that you can't clean yourself - these places are literally prisons - first thing my daughter said after walking in was god i couldn't live here
I appreciate your videos, Michael. Very informative! Thank you.