Soon we'll be interviewing people in tents - "I bought this tent in 2023 for 50 bucks from that Walmart across the street and it was free to put it here back then. Now it's like $500k just to put a tent on this part of the sidewalk" 😂
Many are double wides, so they can be quite roomy. Florida has a ton of mobile home parks and many are getting old. Not sure what is going to happen to many of them down the road. I saw one large park in Pinellas county (Tampa Bay) being bulldozed, (mobile homes and all) probably bought by some rich investor or company. I wonder what happened to the people living there.
300K 20 years ago was expensive for a mobile home too , nice to see the residents own the land their homes are on, if a property is not selling the market is telling you it's overpriced.
I bought my first mobile home with an acre of land when I was 19. I sold two years later and used the equity to buy a house. Using the equity each time I sold to upgrade. Mobile home ownership allowed me to have a home for the next 35 years instead of paying rent.
@@stevegyee232You said it yourself, it's just simple logic. I'm almost 70 now. I actually built the house I live in but I can trace everything back to the first house I bought. When I sold that place I used the profit to buy the land where I built this house. I had another house that I lost in a divorce also. I actually mortgaged this house to buy the house I lost. I mortgaged this house again to start my business. Before I moved back here I worked hard and paid everything off and put another 100k into fixing this place up. Since then I have probably dumped another 200k into this place building on and building a few shops etc. My ex wife lost everything that she got in our divorce. She lives on $800 a month SS now. I'm sure glad she didn't succeed in taking me down and drowning me.
I live in a mobile home park in Long Beach,CA( Westside area). We don't own the land rent is going up to 1,736.00 per month in Oct. It's in my wife's name. We have weekly trash pick up and 24/7 security. Not ideal, but still quiet, some people own their land, there is an HOA. But, only if own the land. We have a 2Bdrm, almost 1,300 sq ft home. Old model (1978-79). Were seniors, it needs some work, we could sell it, but couldn't get much for it. I've heard that a mobile home in say, west Virginia goes for about $750 a month to rent. Wouldn't want to live there, at least we have the cool marine layee( like Carpenteria. California is going down the tubes, really sad
@@ronaldzent6321 It’s happening everywhere. In Cincinnati the big corporations bought all the mobile home lots and have doubled the lot rent. Most lit rent is going for around 1200$ a month and up. New mobile homes are costing well over 100k. That’s not cheap at all.
Georgia is still like that. You have to have your crap together to live in any mobile home park in Cali. It’s like a nice apartment. There are no cheap, junky apartments that you can live in for about $800 a month. With all the homelessness in Southern California, I feel happy to see a few junky trailer parks here in Georgia. All those people would be on the streets in Ca. They pay about $500 a month to have a real big mobile home that’s pretty beat up. But it’s not the bushes.
Crazy times. I'm 73 and three years ago bought a nice three-bedroom ranch for $70,000 in a small town in Michigan. If I had bought the same house in Grand Rapids, it would be off the scale. Many small towns are great for retirees with a limited income to find affordable housing. Back in the early seventies the Federal government had what was known as the 231 program that was designed to make home ownership possible for those with low income. My brother bought a brand-new house for $20,000; payment was set at a percentage of income. If income went up, house payment went up if income went down house payment went down. I wish the government had a program like that today.
Gosh, a 231 program now would have been amazing. We need to set down roots, if we can't, then people have less families, and so forth. I used to live in Southern California, but had to move because everything became untenable. Glad we left, but I still miss the smell of the sea air and the 60 degree breeze.
We have an 869 sqft home in lake tahoe and it's original cost with 10k square footage lot 72k.Its remodeling was 80k and could be listed at 549k and realistically could walk with 520$ .it's a cash buyer market our a owner carry market. Great story
Don't forget about the people that have paid there home off or even bought their home as a cash buyer but now are still experiencing foreclosure because of the tax and or insurance cost they can no longer afford that to me is outrageous.
I bought my home cash and then due to covid, as a single mother with two baby boys, I had to homeschool. Did all I could to invest into the home so I could maximize profit in selling it. Two years of hail and nonstop rain here in Prescott AZ and boom, insurance denies a roof/ceiling leak. Too dangerous to keep my kids in there, had to sell asap to some jerk investors who put a bandaid on it and sold to some poor unsuspecting family.
Except they own the land. I've never seen a park where they were protected from a land owner who could mess with the rates. Removing the risk has increased the value :/
This woman is a smart lady. She discusses the real issues. And how balancing price vs. rules is not easy. To hear that a mobile home is $1 million dollars boggles my mind! 😳😳
“If the American people allow private banks to control the issue of money, first by inflation, and then by deflation, the banks and corporations that grow up around them will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered.” - Thomas Jefferson.
Made to happen. Allowed to happen for pillage and plunder by the global crime syndicate oligarchy. "You Will Own Nothing And Be (drugged) Happy" - Wake Up.
“Members of the Reese Invisible Army are entrenched in the House and Senate, in the military, the police, and in virtually every government office in the land. After studying the State of California, I came to the conclusion that it has the largest contingent of "Invisible Army" shock troops in the country, which has made California something very close to a socialist, police state. I believe California will be the "role model" for the rest of the nation." - OPEN SOURCE - .” - Dr. John Coleman, THE TAVISTOCK INSTITUTE FOR HUMAN RELATIONS: Shaping the Moral, Spiritual, Cultural, Political and Economic Decline of the United States, First Edition, 2006.
I bought my 2 bedroom mobile home with a addition built off the living room and 2 car driveway and nice yard for $8,000 nine years ago. Lot fee is only $386 month. Includes water, trash removal. Best thing i ever did
You’re lucky. I’m in Canada and not even in a large city. Mobile parks in the my city charge over $1,000 just for the lot. There’s a park about 10 minutes out and lot rental’s are “only” $600-$700 a month but you’re paying over $100,000 for a 40 year old trailer. It’s stupid.
I live in central Texas. Wife and I bought our home new in 2003. Its a two -story, 2400 sq ft home and we paid $155k for it. Today, the DR Hortons /Pultes of the world as asking $550k+ for a home our size. Makes no sense. Living in the Austin area is a complete rip off.
@@robbetts Yea we have the 3 branches of government, the executive, legislative, and judicial. The FED is the 4th. "One ring to rule them all." He might be referencing the 2030 prediction of you will own nothing and be happy.
@@robbetts They can't raise, they can't lower. They need a new system, it's game over time. Bring in the pandemics, the cyber attacks, the wars, and the panic.
Im in Michigan too. Trailer parks with direct access to Lake Huron average $95,000 with $700 month lot rent. Thats not cheap either. $8400 a year for lot rent!!!! I pay $3000 a year in property taxes and OWN my home.
Great discussion with Jane. She is sensible in every way. I'm in Australia and the issues are exactly the same here. We need to help people get on their feet, make housing affordable and put a stop to people living in the streets before it escalates.
Willing to pay more taxes, like 50% more? The way the system works in the USA 50% might be too low, since politicians will take 20% of that for themselves and then another 20% to corporations that own the politicians and then 10% might go towards helping people.
No, you don't. Tahitians have a saying; "You eat life, or life eats you!" Everyone either needs to work hard and better themselves or get left behind. Earth is a planet full of predators. Who does not understand this?
@@randymillhouse791 I wasn’t able to find that particular Tahitian saying on the Internet, but there is apparently one that goes “It is never too late to give to those who do not have.”
To spend that crazy amount of money to live in a Mobile Home park and be living that close and on top of each other and not have any real privacy is really insane.
What's the point in her getting a million dollars for her house when she needs to get a new place in that area and its costs $2M? If she sold her place she would have to leave that area and go somewhere else; she couldn't stay there.
Its a little deeper than that though...I wouldnt sell either the equity will only go up in value...I believe she said its paid for and its stable living in her older years...
I had to laugh when Jane said there's only 12 homeless people there and that everyone in town knows them. Carpinteria, the town in California, like Cheers where you can be homeless and everyone knows your name. 😂😂😂
Growing up we had homeless by my dad's garage and everyone knew them. The cops and them used each other first names. Never any issues. The shop owner would but them lunch when they order and brought clothing for them. A lot of them were Korean War and Vietnam vets. I used to talk to them when I was 9 or 10 and hanging out at my dad's shop.
@@JBoy340a My sister once told me that in the 1950's there was a railroad track by my grandparents' house and my grandmother and sister made sandwiches for the "hobo's" waiting to jump the train. My sister said they looked like "bad men." My grandmother said they weren't bad men; they just fell into bad times.
"and now all we pay is about $400 a month in homeowner fees...." "and that includes your insurance and your property taxes and all the utilities here?" "yes, and the infrastructure..." Yes, twenty years ago they made an awesome set of decisions - no developer can come in, buy the land underneath them, double their rent, or throw them out altogether in order to build expensive apartments.
@@kodavidkokoit's cheap. The lot rent in mobile home parks is $600 or higher in many places but you don't own the property so the rates just keep going up.
I am a senior and I have mortgage $185000 . I will never pay it off in my life time. But I own the duplex and pay the loan each month no problem. All is good
I live in a 55+ large mobile home park like this one in eastern Los Angeles County. It is under rent control and privately owned by the family that developed the park. Homes in this park are the most expensive among all the parks in this region due to the location condition and how it is managed. Homes are well kept and owners are generally content to live here.
I'm one of them. Don't need to be rich. It's to much work and it's not stress free. My brother is rich and he has to work hard to keep that money coming to pay for all that rich people own. 3 properties, boats, dock fees, employee's, insurance, etc. My life is simple and I own everything. Been debt free since the age of 36. I'll be 60 this year and living comfortably as middle class. Not trying to upgrade to the richest. I'm settle and stress free.
Not everyone can be a millionaire even if they wanted to. And the majority of Americans are not born into wealthy multi millionaire or billionaire families.
Being a millionaire is not even rich anymore it’s just upper middle class. Even if you play the game and run the race to the top the top just keeps moving further away from you. It’s more expensive to simply exist now than it ever has been and that won’t change anytime soon.
@@yellowdeli You’re completely wrong. Even in another 30+ years there will be people that will never get close to a million, even though inflation will make today’s million worth around $1.8 million by then. Millionaire lifestyle is not middle class. Not today, and not in the future either.
90% of the price is “location, location, location”. I think the best opportunity on mobile homes is to approach the parks where the owners have bailed for whatever reason, buy it while assuming the rent streams to the property owners and rehab the place and flip it within two months. My wife and I did this part time (both of us worked beyond full time) back in 2022. First one, we got it for $6500 in central CA hired various handy men for the big stuff and resold it for $55,000 with about $18000 total invested. On the second, we only repainted, refloored, and cleaned up the exterior; invested $15,000 of the elderly/dementia occupant’s money ((we bought it for $15,000) and sold it for $40,000 giving the profit to the occupant so her relatives could set her up in an assisted living apartment. Both properties just happened to be next door to each other. The park management loved us. They still call us for opportunities, but we’re done with all that. Maybe when I retire I can do this full time.
Thanks for taking time to go on a tour of a trailer park. Having seen this one in Santa Barbara, it serves as a great example of the power behind the phrase, "Location, Location, Location". As was explained, being away from traffic, minutes from the coast, to some extent, in a nature like preserve , in some cases can catapult small entreprenuers into large asset bearers in the absence of toxic relationships and the right application of ingenuity, industriousness and administration.
I paid $200k for a 2,000sqf, 4 bed 2 bath doublewide on 5 acres in Florida. Came with (2) 12'x22' sheds (with power) and I have my own creek and shooting range. Worth every single penny 😊
My Aunt & Uncle had a beautiful double wide mobile home in Half Moon Bay California early 1980s. About 200 feet from the ocean. Really nice area & my family visited to see it all. The best sunsets I've ever seen & the walk down beach was almost like a private area even though it was public. 4 years after they bought the trailer park land was bought by a developer & that was the end of it. They sold the mobile home for pennies on their dollar. Huge expensive housing was put on that prime real estate land.
I lived near half moon bay in the early 80s in Redwood shores, down the street from Marine World Africa USA- California was dreamy back then. I was 12 then.
I remember back in the day my brother’s girlfriend used to live in a mobile home across the street from Disneyland. It was in the mid 80’s Now I don’t now if it became Disneys California Adventure or a Hotel..
Born and grew up in Santa Barbara/Montecito (just north of Carpinteria). Many homes are not for sale in the whole area because they are being kept in families and passed from parents to children or between family members because cost of homes has been so ridiculous for quite a long time there.
I don't blame them for keeping the homes in the family. Santa Barbara is beautiful and although I could never afford to live there, it's the #1 place in America I would love to live in.
I don't see how people manages in Santa Barbara and Montecito , unless you are very Rich. In my region, you can buy a home at different prices , $30,000 - into the Millions. All depends on where you want to live. These homes here started at $170K ( before Covid ) - $500K . Now the homes ( not new homes ) goes from $400K - $1,000, 000. Everything has changed in the last 3 years and the Prices went up sky high . *It came to a point here, Homes aren't affordable now* !!!! New Homes now $700K - $1,000,000 .
@zipcode9 Yep. It's a lovely place. If we could afford it, I'd love to live there again. Even renting a single room there is ridiculous. The cost of everything there is ridiculous.
@debbiec6216 Yeah, I think a lot of people live with family or have live-in quarters if they work for someone. Maybe run-down rentals off lower Milpas Street on the east side. There are a lot of old Victorian houses and bungalows around town that got subdivided and turned into apartments.
That is pretty common in a lot countries outside the US. They have multiple generational home. Even here in the US they have them such as 3 story townhouses with different generations on different floors. One by me even has an elevator option because the grand parents are on the top floor and dining is on the 1st floor.
Location, location, location. Years ago, parks with manufactured housing (trailers and modulars) were relatively inexpensive, but in recent years, if they are in desirable locations, the value of the land has shot up. If they're out in the middle of nowhere, not so much. Any property close to popular cities or the seacoast or with a view is in high demand, and the prices are ridiculous. The "affordable" places are in a patch of desert far from the cities.
I grew up in carp, and that place used to be the most rundown area in the entire town. The last time I went home, I saw a Rolls-Royce parked in the driveway of one of those mobile homes.
@@noreenn6976 Yes, I can imagine how it looked before. Today they seem to keep it maintained: Notice the recently re-surfaced streets there...no cracks, tar strips or potholes! And the siding on Jane's house looks brand new...nothing run-down about that place now -- which is good the the residents and can see why they love living there. -- BR
Used rolls are cheap compared to those mobile homes people never remember a used rolls even if only a few years old is the same price as a new mid level bmw if not cheaper
I interviewed in Santa Barbra and it was my best interview ever. I didn't get the job and now I'm glad because now I see I would never be able to afford to live there.
Jane was a wonderful guest, thanks for bringing her on and discussing the mobile home situation. I recently saw a million dollar mobile home by a cliff in the PNW. Gorgeous view but in the middle of nowhere. Real people cannot afford this -- I make six figures and buying a home in Southwest Michigan would be almost half my monthly net.
I had a chance to move to Canada in 2010… VERY long story short, my job went there and I had the opportunity to go with it…. I have regretted not going until about 6 months ago when I found out how mortgages work in Canada… From what I understand, you are 100% correct on how that works there.
My parents are part timers in an RV park in Florida in the middle of nowhere. You purchase your own lot and pay a POA. They range from $180k-$350k. Some are built out some are empty lots. The back are cottages about the size of a single wide. They are in the $300k range. They paid $30k 12 years ago. Absolutely nuts!
Mainland Chinese money laundering using real estate all around the world has priced all the locals out. The only was to fix this will be bloody revolution.
You need to understand if the mobile is on its own land or in a park where you pay a monthly lot lease. The higher the lot lease the cheaper the mobile. What's happening is the hedge funds are buying the land under the parks and raising lot lease rents until the mobile home owners can no longer afford the lots rents and can't sell their mobiles. As for Silver Sands mobile home park highlighted in this video the mobile home owners purchasing the land 20 years ago was a smart move.
I'm an hour north off the 101 from this mobile home park and feel very blessed that I purchased my place twenty years ago otherwise it would not be possible today. Times are crazy indeed.
I bought a mobile home in Mississippi for $2900 in 1973 lived in it 3 years sold it for $2700 a block from a 35 mile long lake. Used the money to spend 2 months in Nepal and a month in India
I enjoyed the interview with Jane. Our family lives in a co-op owned Mobile home park in Newport. When Jane said that she has shares in their corporation, she might have misspoke when she said that she owns the land underneath her house. More likely, the corporation actually owns the land. However, she is certainly smart to live in a park where the residents are in control.
I’m in Connecticut, looked at a 1972, 536 sq ft, single-wide, flat roof, HOA $455 a month, asking $85,000. Seller had a letter dated 7/2023 stating that roof in good condition, I placed a bid, it was accepted, had inspection done, he stated needs a new roof, I backed out. Seller has dropped price $15,000, no takers as yet.
Grew up in a trailer home/park literally. It wasn't that bad and was cheap (aluminum rattling when you crank up the stereo is awesome). It's sad to home ownership or simply trying to exist being monetized to this extent. True story, bought a small piece of land with a 'job shack' on it. When I went to get liability insurance the agent asked if I planned to AirBnb the shack. I was like what?
Even pre-fab manufactured double wides 1 hour north of metro Atlanta are difficult to find under 320K. These same shelters 6 years ago could be bought for roughly 90 to 120K
Such a great video!!! Miss Jane is so sweet and had a great insight on the housing market in the community!!! Thank you for your great videos Mr Michael!!!!
We bought our nice 3 bed /2 bath mobile home 2 years ago for 65,000 in Colorado. We do have to pay a lot fee of $850 for the land on top of our $600 mortgage. Our electric bill is alot higher because of the thin walls. Gets super hot in summer and cold in winter so we have to crank the A/C and heater all the time. Its an ok start to build equity and credit I guess, better tham an apartment
I think I’m going to be talking about this video for a long time 😂. I am still in shock re the $900k price for a mobile home! Beautiful Mobile home park, and Jane was a truly great guest! 💯💯💯💯💯💯💯💯💯✨
Sure, the never updated 60s ranch house I was renting in ‘99 was purchased in ‘95 for $235K, in ‘99 was valued at $600K and is currently valued at $1.8M. Apartments in Santa Barbara are currently renting for around $4K for a 2bdrm and houses are renting for around $6k-$7K. Just regular houses. And they want 3X rent for income. @@NightRidah777
If you build that means more people! Go to north shore Tahoe! I grew up there. It WAS beautiful. NOW it’s ruined because of developers building condos. Condos concentrate too many people into a small area and those people ruin it.
Bought a 3 bedroom, 1300 sq ft mobile home in need of remodeling near Disney in Florida last year for 200k. 55 plus, we do own the land here. Some are getting close to 300k today.
I can't beleive , that although I m poor , I bought my house without even knowing that it was going to be the last time I was able to afford to buy a house. Today I m among those priviledged people that own a house.
Woah, this is a statement so far from reality. Look around. Young people buy houses. All of my millennial coworkers are buying beautiful homes and having kids. I heard my parents go through this inflation disbelief too. Houses are not sitting vacant and they are not all rentals so you are among the majority in this country to own a home. The latest census states over 64% of our citizens are homeowners. The rest are too young, still saving, don’t want to buy, or are not goal-oriented towards saving and searching for their own home. Beware of doomsday social media.
@@tmusa2002Ummm... I'm pretty sure it's not due to "doomsday social media" that I'm almost certainly never going to be able to own a house unless conditions drastically change. I'm definitely not young, absolutely want to buy, and have been searching prospects for literally years only to watch everything get further and further out of reach. I'm not even in an "expensive" state like California. You sound very privileged and out of touch. Edited to add: and yes, many, many houses are sitting vacant, and some to the point that they start falling apart from lack of attention, because apparently in this country it's preferable to let houses literally rot rather than lower their price or make mortgages more accessible.
@@amandafrederickson3764 sounds like you need to up-skill and find a better paying job and/or move from the area you are in. My first home was a 30-year-old house trailer 35 miles from work out in the country. It was not impressive but ridiculously cheap then added a roommate and cut that in half. I was able to pay off car, student loans, save an emergency fund, and save for a down payment on a fixer house. Gutted and fixed that up. Nine years later moved to a bigger place that also was a fixer to a degree. I am not wealthy and stay under the recommended 25% for housing expenses. I see coworkers somehow driving nicer cars and living in much nicer homes. We do not have abandoned homes in my area. In my area, if you want to own a home you can. Doomsday social media is alive and well.
@@tmusa2002 It's good to be proud of your accomplishments, but not to be blinded by them. It's also very foolish not to realize when you've gotten very, very lucky. Do you think your parroted "advice" is anything new? Does it make you feel better about yourself? It's because of mindsets like yours that teachers are leaving their field so they can afford to put food on the table. Clearly they all just need to "up-skill and find a better paying job." Right? My sister and I were homeless for two weeks simply because despite six months of searching and applying (and wasting money on application fees) it took that long to be accepted by a landlord. My sister ended up having to drive two hours to and from work (four hours total) for two years straight because it was the closest place we could find to her job - and yet she drove past entire blocks of abandoned and rotting houses. If you think she should just "up-skill and find a better paying job," then never take your pets to a vet ever again, because it's not just the doctors who work there, and they can't keep their offices open without techs.
I had a mobile home in Los Angeles, in the Valley. The rules and regulations were unbelievable. You're always getting a letter about something about the outside of the property you need to fix. The space rent went up every year. You had to pay utilities to the park instead of individually and it cost at least twice what it had cost me when I had utilities in my own name in an apartment. When you want to sell, the park has to approve that your unit is in good enough condition on the exterior to even be sold! They have to approve your buyer. Your buyer has to earn three times the space rent. And the space rent goes up 10% each time the unit changes hands. On a newer model you have to pay property tax. My model was old so I only had to pay $70 a year as an annual fee to the housing authority, but because mine was old it wasn't built to modern code for insulation and I was either freezing or suffocating. And the park did not allow window air conditioners or new swamp coolers on the roof! I couldn't afford $6,000 for an outside unit. You might think you're going to save by buying a mobile home, but you really don't. The only advantage was feeling like I was part of a community and I had neighbors to look out for me, and also I was able to live in a location where I could not have possibly afforded a house. But the park was right next to the freeway and I had to listen to the freeway 24/7!
Paid $200,000 for a 4 bed, 2 bath double wide in Florida on 5 acres. Came with (2) 12x22 sheds and I have my own shooting range. Worth every penny to us 😊
I paid 65000 for a two bedroom mobile home on 2 acres with a 20X40 work shed with a small guest house and a shooting range also. Only needed to invest 15000 in repairs so I am in at 80000. What a value as I am surrounded by a national forest.@@SzymczykProductions
The things they have to do to keep these places from turning into he'll holes. This is the sad truth. Since everyone forgot how to behave properly people have to be treated like children again. The fact they had to send you multiple letters so you take care of your own stuff doesn't make you sound like a responsible addult.
This is 100% true. Coming from a small business owner that lives in a small town in Indiana. At one point time we could not qualify to move into a mobile unit. Our grandmother who was already living in that mobile unit park, was paying, about $500 monthly for her rent. We could not qualify for this. She made a third of what we did at that point time. Fast-forward two years and now we’re paying a portion of her rent to continue living there and discussing whether she should just move in with us because it’s clear that she can’t afford the rent that has, gone up by 80%. We did end up finding housing after having to move in with her for seven months. This is a town that lost all of its factory positions over 30 year span. The population is very poor in this town. Because we are small business owners and self-employed, that prevented us from being able to qualify for a unit at that time. But here we are now and when mobile units are now just as pricey and as picky, you might say there’s problem.
Most people I kno in Calif make close to $300k or more. My retired friend had a brand new 2400 sq ft double wide 40miles east of Los Angeles, LaVerne, and it didnt look like a mobile. It had a covered brick front patio with steps & wrot iron with gate & drywall on the inside plus a 2car garage. In 2013 new it was $92,000 (gorg cabinetry, formal dining room, island in kitchen 3/2). The space rent was $800m plus utilities. So VERY affordable!
I'm so Grateful I bought my 5 acre ranchete in Oregon with Modular on it 20 years ago. Several people told me I overpaid ! Property Taxes are still reasonable. I may have Golden Handcuffs on due to lower property Taxes. I feel for anyone needing to Buy or Rent currently.
Great video and really interesting interview with Jane very smart and well informed. It reflects what is happening here in Canada as well. Lodging has just become unaffordable.
It's not the mobile home she is paying 1 million for. She owns the mobile home LAND in her unique and unusual situation, she has low and controlled expenses, she gets the good weather, and has a nearby beach. It's what she gets from where she his, not the flimsy mobile walls. She's paying one million (300,000 originally) to sit in the sun every day and own land in a California beach area.
Absolutely great chat with Jane. Best show ever. Thank you for keeping me informed. I am 55 years young working professional college grad and can barely survive. I have been thinking about buying a house by myself……. Rent here in Pennsylvania is 1,900 k +.
Wait just a little bit longer and get a foreclosure if you can I will never buy a brand new house again unless I buy land and build it or put a manufactured home on it!
Make the move to North Central Arkansas especially if your retiring with minimal income. I purchased 25 acres a nice manufactured home 3 out buildings a barn 2 creeks and 2 ponds for 80K. Sold my dumpy house in Fl that I bought for 40K in 2014 for 185K to my sweet neighbors daughter and boyfriend I could have sold it way more up to 230K but I wanted to help them out.
Glad you went to Carp, but clearly Jane hasn’t been to Ventura in a long time. It’s not “low income”. Look up real estate in Ventura, many homes are now over a $1 million. And there is a mobile park near the ocean, at the Harbor and the mobile park is really nice. Homes there are about $500k. In general though, housing is not affordable anywhere & it is unfortunate. Thank you for this video. Have a great day!
It’s time to get together like in old times and build houses for each other. Forget about corporations that exploit you to point where there is no more capacity to live.
The Deal for the 925K mobile Home is just crazy! I even remember where you showed us Listings in Miami that were under 900K and they were pretty good Homes and Condos at those Price
The $400 HOA / month fee does not cover unit property tax. Unlike most states due to California prop 13, property assessed value is at determined at the time of sale and does not change until the property is resold and revalued at the current price.
No. It does change. But the change is capped at 2% a year. In additiona, the county is allowed to exceed 2% if it has prior years where it was less than 2%. Basically, you can predict that your tax basis will appreciate 2% a year for as long as your own it.
Love those single wide California properties. The crazy part is you buy the mobile home, but in many cases you are leasing the land. So, the owner can sell the land at any time. Nice setup on that park you are visiting.
The story about the Canadian couple isn’t 100% all the facts they leveraged their home beyond what they could afford because they assumed that their value would hold and they didn’t understand the adjustable rates. The couple took out multiple loans to pay for massive renovations to the house and the property is 4 bedrooms with 4 baths and over 2000 sq feet of house. They are just another example of people living beyond their means.
Bought a single wide mobile home 2015 in southern cali for 7 grand they are worth now 60-100 grand in same area. Space rent increases only by around 10 dollars a year. I spent 400 a month on land lease to live in southern call
Attention shoppers. Grand Bahama island has tons of lots which are on ocean front canals only minutes from the inlets. The water is crystal clear. You can still buy a VERY nice canal front home for $600k and it is way nicer than the California coast.
![เจ็บที่ยังฮัก - ม่อน วรวิทย์ [ Official Mv ] จอนนี่มิวสิค](http://i.ytimg.com/vi/KALIGSRSjFs/mqdefault.jpg)
Soon we'll be interviewing people in tents - "I bought this tent in 2023 for 50 bucks from that Walmart across the street and it was free to put it here back then. Now it's like $500k just to put a tent on this part of the sidewalk" 😂
Already do on Babylon bee several other TH-cam spots!
Cool response!😎
thats a good one !!!
The sad part you're not lying.
Yes in tents is correct in all states.
When I become a millionaire I totally can't wait to live in a moble home.
😂😂😂
😂😂😂😂
I did & do but was all stolen. Someone died & another went to federal prison for wire fraud for decades!
LoL
This is a pretty unique area
North of Malibu.
I am not really surprised at the prices
Those are the most beautiful mobile homes I've ever seen. $900K? Someone is absolutely nuts!
It is insanely beautiful place tho. Quiet and picturesque surf town.
Many are double wides, so they can be quite roomy. Florida has a ton of mobile home parks and many are getting old. Not sure what is going to happen to many of them down the road. I saw one large park in Pinellas county (Tampa Bay) being bulldozed, (mobile homes and all) probably bought by some rich investor or company. I wonder what happened to the people living there.
@@iworkout6912 Mobil homes should be outlawed in Florida.
They are not at all the most beautiful mobile homes. There are many that look like that or even better and much more affordable.
Those are everywhere in cali, Florida , texas , some parts of Arizona . Yes , they do look better that your typical trailer park we all imagine
300K 20 years ago was expensive for a mobile home too , nice to see the residents own the land their homes are on, if a property is not selling the market is telling you it's overpriced.
I bought my first mobile home with an acre of land when I was 19. I sold two years later and used the equity to buy a house. Using the equity each time I sold to upgrade. Mobile home ownership allowed me to have a home for the next 35 years instead of paying rent.
Smart lady. Where did u learn to do that? Or how did u come up with that very logical plan.
Not anymore. Back when they were a fraction .
@@stevegyee232You said it yourself, it's just simple logic. I'm almost 70 now. I actually built the house I live in but I can trace everything back to the first house I bought. When I sold that place I used the profit to buy the land where I built this house. I had another house that I lost in a divorce also. I actually mortgaged this house to buy the house I lost. I mortgaged this house again to start my business. Before I moved back here I worked hard and paid everything off and put
another 100k into fixing this place up. Since then I have probably dumped another 200k into this place building on and building a few shops etc.
My ex wife lost everything that she got in our divorce. She lives on $800 a month SS now. I'm sure glad she didn't succeed in taking me down and drowning me.
I live in a mobile home park in Long Beach,CA( Westside area). We don't own the land rent is going up to 1,736.00 per month in Oct. It's in my wife's name. We have weekly trash pick up and 24/7 security. Not ideal, but still quiet, some people own their land, there is an HOA. But, only if own the land. We have a 2Bdrm, almost 1,300 sq ft home. Old model (1978-79). Were seniors, it needs some work, we could sell it, but couldn't get much for it. I've heard that a mobile home in say, west Virginia goes for about $750 a month to rent. Wouldn't want to live there, at least we have the cool marine layee( like Carpenteria. California is going down the tubes, really sad
@@ronaldzent6321 It’s happening everywhere. In Cincinnati the big corporations bought all the mobile home lots and have doubled the lot rent. Most lit rent is going for around 1200$ a month and up. New mobile homes are costing well over 100k. That’s not cheap at all.
I wouldn't pay 1 million for a normal house let alone a Mobile Home
Me either. Back in the day mobile homes were when you hit rock bottom.
@@lindylou3519Now it's your last resort from hitting rock bottom 😢
Georgia is still like that. You have to have your crap together to live in any mobile home park in Cali. It’s like a nice apartment. There are no cheap, junky apartments that you can live in for about $800 a month. With all the homelessness in Southern California, I feel happy to see a few junky trailer parks here in Georgia. All those people would be on the streets in Ca. They pay about $500 a month to have a real big mobile home that’s pretty beat up. But it’s not the bushes.
Right
It’s all make believe ! This isn’t sustainable living by any way
Crazy times. I'm 73 and three years ago bought a nice three-bedroom ranch for $70,000 in a small town in Michigan. If I had bought the same house in Grand Rapids, it would be off the scale. Many small towns are great for retirees with a limited income to find affordable housing. Back in the early seventies the Federal government had what was known as the 231 program that was designed to make home ownership possible for those with low income. My brother bought a brand-new house for $20,000; payment was set at a percentage of income. If income went up, house payment went up if income went down house payment went down. I wish the government had a program like that today.
Gosh, a 231 program now would have been amazing. We need to set down roots, if we can't, then people have less families, and so forth. I used to live in Southern California, but had to move because everything became untenable. Glad we left, but I still miss the smell of the sea air and the 60 degree breeze.
I used to live in GR, back when it was affordable. I grew up in MI and can’t believe the prices of homes now!
Thanks to the GOP they dont.
brand-new house for $20,000, can you tell where ? who build it ? maybe ur brother throw a video on youtube about it? thx
We have an 869 sqft home in lake tahoe and it's original cost with 10k square footage lot 72k.Its remodeling was 80k and could be listed at 549k and realistically could walk with 520$ .it's a cash buyer market our a owner carry market. Great story
Don't forget about the people that have paid there home off or even bought their home as a cash buyer but now are still experiencing foreclosure because of the tax
and or insurance cost they can no longer afford that to me is outrageous.
I bought my home cash and then due to covid, as a single mother with two baby boys, I had to homeschool. Did all I could to invest into the home so I could maximize profit in selling it. Two years of hail and nonstop rain here in Prescott AZ and boom, insurance denies a roof/ceiling leak. Too dangerous to keep my kids in there, had to sell asap to some jerk investors who put a bandaid on it and sold to some poor unsuspecting family.
3 bedroom New Mobile Homes in early and mid 90's were average priced at $30,000 in most states in US.
This is insane.
True.
Your not paying for the mobile home. You’re paying for the land.
Except they own the land. I've never seen a park where they were protected from a land owner who could mess with the rates. Removing the risk has increased the value :/
@@scottishdude9682 We owned the land.
@@Hissyfitx We owned all 20 acres.
This woman is a smart lady. She discusses the real issues. And how balancing price vs. rules is not easy. To hear that a mobile home is $1 million dollars boggles my mind! 😳😳
Hopefully Jane reads the comments. Thank you for speaking with Michael. I love that Michael finds decent human beings to have discussions with here.
Enjoyed Mike's conversation with Jane about that park. The fact that they bought the land is a game changer. That property is worth a lot of money.
@@ag4allgood And it shows, there was nothing tacky there, it looked incredibly maintained.
she did something right by taking the credit and the house for the things her mom did right LOL
Jane is awesome!
How do you know she's decent? All she talked about was the government helping them keep their homes.
“If the American people allow private banks to control the issue of money, first by inflation, and then by deflation, the banks and corporations that grow up around them will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered.” - Thomas Jefferson.
Bingo. All the rest of the 'opinions'are naive or ignorant excuses.
Made to happen. Allowed to happen for pillage and plunder by the global crime syndicate oligarchy.
"You Will Own Nothing And Be (drugged) Happy" - Wake Up.
“Members of the Reese Invisible Army are entrenched in the House and Senate, in the military, the police, and in virtually every government office in the land.
After studying the State of California, I came to the conclusion that it has the largest contingent of "Invisible Army" shock troops in the country, which has made California something very close to a socialist, police state. I believe California will be the "role model" for the rest of the nation." - OPEN SOURCE - .” - Dr. John Coleman, THE TAVISTOCK INSTITUTE FOR HUMAN RELATIONS: Shaping the Moral, Spiritual, Cultural, Political and Economic Decline of the United States, First Edition, 2006.
There's a man who knows how the system works. Is he in Congress or the House ? I'll vote for him !
Central banks. And the Federal Reserve which is privately owned I believe by the Rockefellers. They've planned this for decades.
You know the dollar is weak when one has to be a millionaire to live in a mobile home🤦
@@moonshine8255 all other currencies are alot more weak than😝🤷
@@moonshine8255🤡
California is cracked. My 1,942 sq. ft. brand new brick build home in TX. cost me $352K.
@@theallseeingkats6321 Powerful weak.
Joe Biden is on top of it
Jane is an awesome guest. So balanced in her thinking!
I bought my 2 bedroom mobile home with a addition built off the living room and 2 car driveway and nice yard for $8,000 nine years ago. Lot fee is only $386 month. Includes water, trash removal. Best thing i ever did
You’re lucky. I’m in Canada and not even in a large city. Mobile parks in the my city charge over $1,000 just for the lot. There’s a park about 10 minutes out and lot rental’s are “only” $600-$700 a month but you’re paying over $100,000 for a 40 year old trailer. It’s stupid.
@@supernova11711 yeah that's freaking insane
Move out of canada, its a dump@@supernova11711
New mobile homes are starting at 100k and up. Lot rent in most cities is now well over 1,000$ a month plus insurance etc. That is not cheap.
@@Bob-zh7lr yeah that's crazy. Yeah mobile homes here are going over 100k. But lot fee is only $386 month
She's so well-spoken and balanced on the subject. Great interview.
Looks like she has ‘lunch lady arms’ - but she is a millionaire with that mobile home now. No need to make yeast rolls for a living.🤷🏽♂
Micheal always comes across as wholesome and decent in interviews
She's no angel. She sits on a board, that's already a red flag.
"As we get older, we get tired of the bullshit" ! Very true!
Oh you said it!!! I have completely lost my filter !!!
I live in central Texas. Wife and I bought our home new in 2003. Its a two -story, 2400 sq ft home and we paid $155k for it. Today, the DR Hortons /Pultes of the world as asking $550k+ for a home our size. Makes no sense. Living in the Austin area is a complete rip off.
Join the club of most large cities.
This is all a well calculated plan. This has been in the works for decades.
what you think gonna happen? I could see interest rates getting back above 10%
@@Mark-pb8kj "Back above"? Interest rates haven't been above 10% for 35 years. Am I missing something?
@@robbetts Yea we have the 3 branches of government, the executive, legislative, and judicial. The FED is the 4th. "One ring to rule them all."
He might be referencing the 2030 prediction of you will own nothing and be happy.
@@Mark-pb8kj Are you sure that you responded to the right person? Your reply makes no sense to me.
@@robbetts They can't raise, they can't lower. They need a new system, it's game over time. Bring in the pandemics, the cyber attacks, the wars, and the panic.
I’m eating my dinner here in Michigan and seriously almost choked! These people are insane.
😂😂😂 Same here. Was eating and stopped. Riveting video❗️Food got cold. ✨✨✨
And it’s all paved-where’s the grass & trees?
I love Michigan
But it’s getting more expensive to live here also
Maybe you need a better recipe.
Im in Michigan too. Trailer parks with direct access to Lake Huron average $95,000 with $700 month lot rent. Thats not cheap either. $8400 a year for lot rent!!!! I pay $3000 a year in property taxes and OWN my home.
@@GLeon-ov9yu And you freeze your butt off. Why pay for that?
Great discussion with Jane. She is sensible in every way. I'm in Australia and the issues are exactly the same here. We need to help people get on their feet, make housing affordable and put a stop to people living in the streets before it escalates.
It’s too late over here. Homelessness in California has already “escalated.”
Population growth has overtaken the whole world it seems.
Willing to pay more taxes, like 50% more? The way the system works in the USA 50% might be too low, since politicians will take 20% of that for themselves and then another 20% to corporations that own the politicians and then 10% might go towards helping people.
No, you don't. Tahitians have a saying; "You eat life, or life eats you!" Everyone either needs to work hard and better themselves or get left behind. Earth is a planet full of predators. Who does not understand this?
@@randymillhouse791 I wasn’t able to find that particular Tahitian saying on the Internet, but there is apparently one that goes “It is never too late to give to those who do not have.”
To spend that crazy amount of money to live in a Mobile Home park and be living that close and on top of each other and not have any real privacy is really insane.
Hey the beach is the beach!
@@F4URGrantedcars drive to the beach real easy if your not too far, and the beach loses its charm if your there all the time.
I’m sure compared to the price of homes in that area, the price of those mobile homes is a bargain.
better than an apartment/condo tho
@@novadhd Maybe a little bit better but not worth spending those insane prices they're asking.
Michael! You were an angel with Jane. You're a compassionate person and Jane is doing her best to save the world too.
It's crazy...I was very fortunate to be able to buy my place in 2003 for $65,000 it's worth approx. $250,00 to $275,000 Empire Calif.
The fact she hasn’t sold proves she values her house more than a million dollars.
What's the point in her getting a million dollars for her house when she needs to get a new place in that area and its costs $2M? If she sold her place she would have to leave that area and go somewhere else; she couldn't stay there.
Its a little deeper than that though...I wouldnt sell either the equity will only go up in value...I believe she said its paid for and its stable living in her older years...
The only reason to sell, would be to move out of California and buy a cheaper house elsewhere.
Or she knows she's completely priced out. She'd have to move out of state to live.
@@Kinikkanak Exactly. At her age, why would she want to move from the place she loves and calls home? I wouldn't.
I had to laugh when Jane said there's only 12 homeless people there and that everyone in town knows them. Carpinteria, the town in California, like Cheers where you can be homeless and everyone knows your name. 😂😂😂
Growing up we had homeless by my dad's garage and everyone knew them. The cops and them used each other first names. Never any issues. The shop owner would but them lunch when they order and brought clothing for them. A lot of them were Korean War and Vietnam vets. I used to talk to them when I was 9 or 10 and hanging out at my dad's shop.
@@JBoy340a My sister once told me that in the 1950's there was a railroad track by my grandparents' house and my grandmother and sister made sandwiches for the "hobo's" waiting to jump the train. My sister said they looked like "bad men." My grandmother said they weren't bad men; they just fell into bad times.
I doubt what she says is entirely accurate. Commiefornia has 40% of ALL homeless in the US.
"and now all we pay is about $400 a month in homeowner fees...." "and that includes your insurance and your property taxes and all the utilities here?" "yes, and the infrastructure..." Yes, twenty years ago they made an awesome set of decisions - no developer can come in, buy the land underneath them, double their rent, or throw them out altogether in order to build expensive apartments.
400 a month is expensive or cheap?
@@kodavidkoko $400 a month for HOA fees, home insurance, property taxes and utilities is an excellent price - CHEAP!
The plus side is the fact of NO SHARED WALLS, which is a condo/ apartment unit.
@@kodavidkokoit's cheap. The lot rent in mobile home parks is $600 or higher in many places but you don't own the property so the rates just keep going up.
Such a smart move.
I am a senior and I have mortgage $185000 . I will never pay it off in my life time. But I own the duplex and pay the loan each month no problem. All is good
How nice it was to hear from Jane!
I live in a 55+ large mobile home park like this one in eastern Los Angeles County. It is under rent control and privately owned by the family that developed the park. Homes in this park are the most expensive among all the parks in this region due to the location condition and how it is managed. Homes are well kept and owners are generally content to live here.
Glad to see she is happy and the neighborhood is good.
She’s right, not everyone is a millionaire and not everyone even wants to be a millionaire.
I'm one of them. Don't need to be rich. It's to much work and it's not stress free. My brother is rich and he has to work hard to keep that money coming to pay for all that rich people own. 3 properties, boats, dock fees, employee's, insurance, etc. My life is simple and I own everything. Been debt free since the age of 36. I'll be 60 this year and living comfortably as middle class. Not trying to upgrade to the richest. I'm settle and stress free.
Not everyone can be a millionaire even if they wanted to. And the majority of Americans are not born into wealthy multi millionaire or billionaire families.
Being a millionaire is not even rich anymore it’s just upper middle class. Even if you play the game and run the race to the top the top just keeps moving further away from you. It’s more expensive to simply exist now than it ever has been and that won’t change anytime soon.
@@yellowdeli You’re completely wrong. Even in another 30+ years there will be people that will never get close to a million, even though inflation will make today’s million worth around $1.8 million by then. Millionaire lifestyle is not middle class. Not today, and not in the future either.
Not everyone wants to be millionaire, but I know nobody wants to be hungry and broke.
90% of the price is “location, location, location”. I think the best opportunity on mobile homes is to approach the parks where the owners have bailed for whatever reason, buy it while assuming the rent streams to the property owners and rehab the place and flip it within two months. My wife and I did this part time (both of us worked beyond full time) back in 2022. First one, we got it for $6500 in central CA hired various handy men for the big stuff and resold it for $55,000 with about $18000 total invested. On the second, we only repainted, refloored, and cleaned up the exterior; invested $15,000 of the elderly/dementia occupant’s money ((we bought it for $15,000) and sold it for $40,000 giving the profit to the occupant so her relatives could set her up in an assisted living apartment. Both properties just happened to be next door to each other. The park management loved us. They still call us for opportunities, but we’re done with all that. Maybe when I retire I can do this full time.
Thanks for taking time to go on a tour of a trailer park. Having seen this one in Santa Barbara, it serves as a great example of the power behind the phrase, "Location, Location, Location". As was explained, being away from traffic, minutes from the coast, to some extent, in a nature like preserve , in some cases can catapult small entreprenuers into large asset bearers in the absence of toxic relationships and the right application of ingenuity, industriousness and administration.
I paid $200k for a 2,000sqf, 4 bed 2 bath doublewide on 5 acres in Florida. Came with (2) 12'x22' sheds (with power) and I have my own creek and shooting range. Worth every single penny 😊
Nice! Can I come over and plink with you with my 10/22? 😂
@@Zp00kie lmao hell yeah! 🤙
I'm in pinellas and kick around the idea of selling and doing a similar setup what county are you in?
What part of Florida is this cheap?
Nice 👍.
My Aunt & Uncle had a beautiful double wide mobile home in Half Moon Bay California early 1980s. About 200 feet from the ocean. Really nice area & my family visited to see it all. The best sunsets I've ever seen & the walk down beach was almost like a private area even though it was public. 4 years after they bought the trailer park land was bought by a developer & that was the end of it. They sold the mobile home for pennies on their dollar. Huge expensive housing was put on that prime real estate land.
This is happening all over the country. Half Moon Bay is beautiful.
I lived near half moon bay in the early 80s in Redwood shores, down the street from Marine World Africa USA- California was dreamy back then. I was 12 then.
My parents live in pacifica and the cost of living is really high too.
America has been souled out
I remember back in the day my brother’s girlfriend used to live in a mobile home across the street from Disneyland. It was in the mid 80’s Now I don’t now if it became Disneys California Adventure or a Hotel..
Born and grew up in Santa Barbara/Montecito (just north of Carpinteria). Many homes are not for sale in the whole area because they are being kept in families and passed from parents to children or between family members because cost of homes has been so ridiculous for quite a long time there.
I don't blame them for keeping the homes in the family. Santa Barbara is beautiful and although I could never afford to live there, it's the #1 place in America I would love to live in.
I don't see how people manages in Santa Barbara and Montecito , unless you are very Rich.
In my region, you can buy a home at different prices , $30,000 - into the Millions.
All depends on where you want to live. These homes here started at $170K ( before Covid ) - $500K . Now the homes ( not new homes ) goes from
$400K - $1,000, 000. Everything has changed in the last 3 years and the Prices went up sky high .
*It came to a point here, Homes aren't affordable now* !!!! New Homes now $700K - $1,000,000 .
@zipcode9 Yep. It's a lovely place. If we could afford it, I'd love to live there again. Even renting a single room there is ridiculous. The cost of everything there is ridiculous.
@debbiec6216 Yeah, I think a lot of people live with family or have live-in quarters if they work for someone. Maybe run-down rentals off lower Milpas Street on the east side. There are a lot of old Victorian houses and bungalows around town that got subdivided and turned into apartments.
That is pretty common in a lot countries outside the US. They have multiple generational home. Even here in the US they have them such as 3 story townhouses with different generations on different floors. One by me even has an elevator option because the grand parents are on the top floor and dining is on the 1st floor.
Location, location, location. Years ago, parks with manufactured housing (trailers and modulars) were relatively inexpensive, but in recent years, if they are in desirable locations, the value of the land has shot up. If they're out in the middle of nowhere, not so much. Any property close to popular cities or the seacoast or with a view is in high demand, and the prices are ridiculous. The "affordable" places are in a patch of desert far from the cities.
“I don’t know what I did right but thank you God” what a humble woman. I almost always think I did everything right. God bless you!
I loved Michael’s conversation with Jane. Great hearing her perspective and gratitude for her mother.
I grew up in carp, and that place used to be the most rundown area in the entire town. The last time I went home, I saw a Rolls-Royce parked in the driveway of one of those mobile homes.
It looks like a nice place now
@@noreenn6976 Yes, I can imagine how it looked before. Today they seem to keep it maintained: Notice the recently re-surfaced streets there...no cracks, tar strips or potholes! And the siding on Jane's house looks brand new...nothing run-down about that place now -- which is good the the residents and can see why they love living there.
-- BR
Used rolls are cheap compared to those mobile homes people never remember a used rolls even if only a few years old is the same price as a new mid level bmw if not cheaper
I interviewed in Santa Barbra and it was my best interview ever. I didn't get the job and now I'm glad because now I see I would never be able to afford to live there.
Jane was a wonderful guest, thanks for bringing her on and discussing the mobile home situation. I recently saw a million dollar mobile home by a cliff in the PNW. Gorgeous view but in the middle of nowhere. Real people cannot afford this -- I make six figures and buying a home in Southwest Michigan would be almost half my monthly net.
Beautiful area ! Living her best life & she is blessed for sure ❤
I had a chance to move to Canada in 2010… VERY long story short, my job went there and I had the opportunity to go with it…. I have regretted not going until about 6 months ago when I found out how mortgages work in Canada… From what I understand, you are 100% correct on how that works there.
My parents are part timers in an RV park in Florida in the middle of nowhere. You purchase your own lot and pay a POA. They range from $180k-$350k. Some are built out some are empty lots. The back are cottages about the size of a single wide. They are in the $300k range. They paid $30k 12 years ago. Absolutely nuts!
Mainland Chinese money laundering using real estate all around the world has priced all the locals out. The only was to fix this will be bloody revolution.
Good interview Michael! If you are reading this Jane, you definitely done something right!! Peace and enjoy your life!
You need to understand if the mobile is on its own land or in a park where you pay a monthly lot lease. The higher the lot lease the cheaper the mobile. What's happening is the hedge funds are buying the land under the parks and raising lot lease rents until the mobile home owners can no longer afford the lots rents and can't sell their mobiles. As for Silver Sands mobile home park highlighted in this video the mobile home owners purchasing the land 20 years ago was a smart move.
I'm an hour north off the 101 from this mobile home park and feel very blessed that I purchased my place twenty years ago otherwise it would not be possible today. Times are crazy indeed.
Hi AZ. also off 101. But they're ruining our beautiful Arizona! 😢sun 🌞 🌵
I bought a mobile home in Mississippi for $2900 in 1973 lived in it 3 years sold it for $2700 a block from a 35 mile long lake. Used the money to spend 2 months in Nepal and a month in India
*This video should be shown throughout the world* !!!
Yes!!!!!!!!!!! 💯💯💯💯💯✨🔥✨
Why?
That was great you were able to interview Jane. Looks like a nice park.
Yes, it does looks nice but not worth the price tag!!
We are definitely past the point of no return.
Americans want unfiltered Capitalism. And they have it.
It's official. This country is doomed
The Dems and people like Soros accomplished their mission.
Time for a major reset!
@@johnswanson3741 new revolution or new confederacy. I’ll take either at this point
I enjoyed the interview with Jane. Our family lives in a co-op owned Mobile home park in Newport. When Jane said that she has shares in their corporation, she might have misspoke when she said that she owns the land underneath her house. More likely, the corporation actually owns the land. However, she is certainly smart to live in a park where the residents are in control.
It's like the feudal days of old where the only way you can own land is to inherent it.
Redlining hurts us though
I’m in Connecticut, looked at a 1972, 536 sq ft, single-wide, flat roof, HOA $455 a month, asking $85,000. Seller had a letter dated 7/2023 stating that roof in good condition, I placed a bid, it was accepted, had inspection done, he stated needs a new roof, I backed out. Seller has dropped price $15,000, no takers as yet.
The value of getting an inspection, good for you. Buyer beware, the park can be sold and the lot rent can go up dramatically
It’s just a roof. Just reduce offer by $10k…
HOA fee? You mean the cost to rent the space?
@@diegolara4202 yes
Dont buy in an HOA, nothing but a nightmare. And they can keep putting up the HOA fee.
Grew up in a trailer home/park literally. It wasn't that bad and was cheap (aluminum rattling when you crank up the stereo is awesome). It's sad to home ownership or simply trying to exist being monetized to this extent. True story, bought a small piece of land with a 'job shack' on it. When I went to get liability insurance the agent asked if I planned to AirBnb the shack. I was like what?
Yep I actually seen shacks , tents and RV's on Air BnB 😢😂😢
Even pre-fab manufactured double wides 1 hour north of metro Atlanta are difficult to find under 320K. These same shelters 6 years ago could be bought for roughly 90 to 120K
Hanging around the Dalton area, we're ya!?
Such a great video!!! Miss Jane is so sweet and had a great insight on the housing market in the community!!! Thank you for your great videos Mr Michael!!!!
We bought our nice 3 bed /2 bath mobile home 2 years ago for 65,000 in Colorado. We do have to pay a lot fee of $850 for the land on top of our $600 mortgage. Our electric bill is alot higher because of the thin walls. Gets super hot in summer and cold in winter so we have to crank the A/C and heater all the time. Its an ok start to build equity and credit I guess, better tham an apartment
My mother bought a mobile home for 55k in 2014. We are in San Bernardino. All mobile homes here in this park are now selling for 100k.
Same but I’m in Redlands and mine was only 7 grand 😅
I think I’m going to be talking about this video for a long time 😂. I am still in shock re the $900k price for a mobile home! Beautiful Mobile home park, and Jane was a truly great guest! 💯💯💯💯💯💯💯💯💯✨
I used to live in Santa Barbara ‘99-‘03. Mobile homes were the “affordable housing”. They were only $250K-$300K.
😂😂😂😂😂😂Affordable???????
@@johnjaco5544 Depends where you live. Where i am there are 1/2 acre lots that cost that.
250k for a mobile home 25 years ago was affordable?
Sure, the never updated 60s ranch house I was renting in ‘99 was purchased in ‘95 for $235K, in ‘99 was valued at $600K and is currently valued at $1.8M. Apartments in Santa Barbara are currently renting for around $4K for a 2bdrm and houses are renting for around $6k-$7K. Just regular houses. And they want 3X rent for income. @@NightRidah777
300 back then,,was alot of money,for a mobile home,but like they said,,location,location,location,,
If you build that means more people! Go to north shore Tahoe! I grew up there. It WAS beautiful. NOW it’s ruined because of developers building condos. Condos concentrate too many people into a small area and those people ruin it.
Really. Take a look at what 'they' have done to our beautiful Arizona! Like Portugal , we want them out.
Bought a 3 bedroom, 1300 sq ft mobile home in need of remodeling near Disney in Florida last year for 200k. 55 plus, we do own the land here. Some are getting close to 300k today.
I can't beleive , that although I m poor , I bought my house without even knowing that it was going to be the last time I was able to afford to buy a house. Today I m among those priviledged people that own a house.
Woah, this is a statement so far from reality. Look around. Young people buy houses. All of my millennial coworkers are buying beautiful homes and having kids. I heard my parents go through this inflation disbelief too. Houses are not sitting vacant and they are not all rentals so you are among the majority in this country to own a home. The latest census states over 64% of our citizens are homeowners. The rest are too young, still saving, don’t want to buy, or are not goal-oriented towards saving and searching for their own home. Beware of doomsday social media.
@@tmusa2002Ummm... I'm pretty sure it's not due to "doomsday social media" that I'm almost certainly never going to be able to own a house unless conditions drastically change. I'm definitely not young, absolutely want to buy, and have been searching prospects for literally years only to watch everything get further and further out of reach. I'm not even in an "expensive" state like California. You sound very privileged and out of touch. Edited to add: and yes, many, many houses are sitting vacant, and some to the point that they start falling apart from lack of attention, because apparently in this country it's preferable to let houses literally rot rather than lower their price or make mortgages more accessible.
@@amandafrederickson3764 sounds like you need to up-skill and find a better paying job and/or move from the area you are in. My first home was a 30-year-old house trailer 35 miles from work out in the country. It was not impressive but ridiculously cheap then added a roommate and cut that in half. I was able to pay off car, student loans, save an emergency fund, and save for a down payment on a fixer house. Gutted and fixed that up. Nine years later moved to a bigger place that also was a fixer to a degree. I am not wealthy and stay under the recommended 25% for housing expenses. I see coworkers somehow driving nicer cars and living in much nicer homes. We do not have abandoned homes in my area. In my area, if you want to own a home you can. Doomsday social media is alive and well.
@@tmusa2002 It's good to be proud of your accomplishments, but not to be blinded by them. It's also very foolish not to realize when you've gotten very, very lucky. Do you think your parroted "advice" is anything new? Does it make you feel better about yourself? It's because of mindsets like yours that teachers are leaving their field so they can afford to put food on the table. Clearly they all just need to "up-skill and find a better paying job." Right? My sister and I were homeless for two weeks simply because despite six months of searching and applying (and wasting money on application fees) it took that long to be accepted by a landlord. My sister ended up having to drive two hours to and from work (four hours total) for two years straight because it was the closest place we could find to her job - and yet she drove past entire blocks of abandoned and rotting houses. If you think she should just "up-skill and find a better paying job," then never take your pets to a vet ever again, because it's not just the doctors who work there, and they can't keep their offices open without techs.
@@tmusa2002 "My first home was a 30-year-old house trailer 35 miles from work out in the country" about 3 decades ago.
I had a mobile home in Los Angeles, in the Valley. The rules and regulations were unbelievable. You're always getting a letter about something about the outside of the property you need to fix. The space rent went up every year. You had to pay utilities to the park instead of individually and it cost at least twice what it had cost me when I had utilities in my own name in an apartment. When you want to sell, the park has to approve that your unit is in good enough condition on the exterior to even be sold! They have to approve your buyer. Your buyer has to earn three times the space rent. And the space rent goes up 10% each time the unit changes hands. On a newer model you have to pay property tax. My model was old so I only had to pay $70 a year as an annual fee to the housing authority, but because mine was old it wasn't built to modern code for insulation and I was either freezing or suffocating. And the park did not allow window air conditioners or new swamp coolers on the roof! I couldn't afford $6,000 for an outside unit. You might think you're going to save by buying a mobile home, but you really don't. The only advantage was feeling like I was part of a community and I had neighbors to look out for me, and also I was able to live in a location where I could not have possibly afforded a house. But the park was right next to the freeway and I had to listen to the freeway 24/7!
Sounds terrible
Thank you so much, for sharing valuable info🤍
Many blessings
Paid $200,000 for a 4 bed, 2 bath double wide in Florida on 5 acres. Came with (2) 12x22 sheds and I have my own shooting range. Worth every penny to us 😊
I paid 65000 for a two bedroom mobile home on 2 acres with a 20X40 work shed with a small guest house and a shooting range also. Only needed to invest 15000 in repairs so I am in at 80000. What a value as I am surrounded by a national forest.@@SzymczykProductions
The things they have to do to keep these places from turning into he'll holes. This is the sad truth. Since everyone forgot how to behave properly people have to be treated like children again.
The fact they had to send you multiple letters so you take care of your own stuff doesn't make you sound like a responsible addult.
Jane was awesome! She had some great insight on her area. I can not get over the price of a mobile home there…🤯🤯🤯
This is 100% true. Coming from a small business owner that lives in a small town in Indiana. At one point time we could not qualify to move into a mobile unit. Our grandmother who was already living in that mobile unit park, was paying, about $500 monthly for her rent. We could not qualify for this. She made a third of what we did at that point time. Fast-forward two years and now we’re paying a portion of her rent to continue living there and discussing whether she should just move in with us because it’s clear that she can’t afford the rent that has, gone up by 80%. We did end up finding housing after having to move in with her for seven months. This is a town that lost all of its factory positions over 30 year span. The population is very poor in this town. Because we are small business owners and self-employed, that prevented us from being able to qualify for a unit at that time. But here we are now and when mobile units are now just as pricey and as picky, you might say there’s problem.
Excellent interview. Very fortunate you bumped into her.
Now that is nuts, for a mobile home for $925,000. Wow!!!
That’s a reduced rate right now too. 😂
Jane was awesome! I'm starting to like these random short interviews with people.
Michael, please do a tour of Mobile Home Parks in Florida.
Let's look at the Midwest noble home's now?
What a wonderful lady. God bless her.
Great questions Michael and a very smart lady answering them. Impressive. Awesome interview and breakdown.
Most people I kno in Calif make close to $300k or more. My retired friend had a brand new 2400 sq ft double wide 40miles east of Los Angeles, LaVerne, and it didnt look like a mobile. It had a covered brick front patio with steps & wrot iron with gate & drywall on the inside plus a 2car garage. In 2013 new it was $92,000 (gorg cabinetry, formal dining room, island in kitchen 3/2). The space rent was $800m plus utilities. So VERY affordable!
Do you know a lot of doctors? Who makes $300,000 a year? Plastic surgeons and Hollywood movie stars. Think you must have some famous friends 😁
I'm so Grateful I bought my 5 acre ranchete in Oregon with Modular on it 20 years ago. Several people told me I overpaid ! Property Taxes are still reasonable. I may have Golden Handcuffs on due to lower property Taxes. I feel for anyone needing to Buy or Rent currently.
That looks like a fairy tale village. And what this lady is saying is so positive.
Most women that age create fairy tales villages
If you can or have too, take your passeport and pay 180$ a month utilities included, 3mn from the sea 🌞 got this option for 12 years
Great video and really interesting interview with Jane very smart and well informed. It reflects what is happening here in Canada as well. Lodging has just become unaffordable.
Ok, this makes me rethink moving just because I want to live closer to the coast & just be happy/thankful I even own a home. Geez.
See how interviewing people really gives a pulse on what’s really happening ‘in the trenches, on the ground’.
Glad you said it when I saw a roof over an RV being sold as a home for 275k with an HOA I knew it was time to stop looking and invest elsewhere.
It's not the mobile home she is paying 1 million for. She owns the mobile home LAND in her unique and unusual situation, she has low and controlled expenses, she gets the good weather, and has a nearby beach. It's what she gets from where she his, not the flimsy mobile walls. She's paying one million (300,000 originally) to sit in the sun every day and own land in a California beach area.
Took a local hike up in the mountains, 4 miles up. You can still hear the leaf blower from the city below xD
Great video. Nice to get a homeowner’s perspective. Videos like these are more then welcome!!!! 👍
Absolutely great chat with Jane. Best show ever. Thank you for keeping me informed. I am 55 years young working professional college grad and can barely survive. I have been thinking about buying a house by myself……. Rent here in Pennsylvania is 1,900 k +.
Wait just a little bit longer and get a foreclosure if you can I will never buy a brand new house again unless I buy land and build it or put a manufactured home on it!
Make the move to North Central Arkansas especially if your retiring with minimal income. I purchased 25 acres a nice manufactured home 3 out buildings a barn 2 creeks and 2 ponds for 80K. Sold my dumpy house in Fl that I bought for 40K in 2014 for 185K to my sweet neighbors daughter and boyfriend I could have sold it way more up to 230K but I wanted to help them out.
That's a boss move, now my only thing is how cold does it get in AK lol@@deepbludude4697
Your rent is cheap @ $1900.....
@@deepbludude4697 Tornado alley? No thank you. You did a nice thing for the neighbors in FL.
Glad you went to Carp, but clearly Jane hasn’t been to Ventura in a long time. It’s not “low income”. Look up real estate in Ventura, many homes are now over a $1 million. And there is a mobile park near the ocean, at the Harbor and the mobile park is really nice. Homes there are about $500k. In general though, housing is not affordable anywhere & it is unfortunate. Thank you for this video. Have a great day!
Probably a fun girl back in her partying days in Venice...she matured very nicely
It’s time to get together like in old times and build houses for each other. Forget about corporations that exploit you to point where there is no more capacity to live.
The Deal for the 925K mobile Home is just crazy!
I even remember where you showed us Listings in Miami that were under 900K and they were pretty good Homes and Condos at those Price
Jane is awesome. Glad you talked to her, very interesting lady.
The $400 HOA / month fee does not cover unit property tax. Unlike most states due to California prop 13, property assessed value is at determined at the time of sale and does not change until the property is resold and revalued at the current price.
No. It does change. But the change is capped at 2% a year. In additiona, the county is allowed to exceed 2% if it has prior years where it was less than 2%. Basically, you can predict that your tax basis will appreciate 2% a year for as long as your own it.
Beautiful mobile home park. Good for you. Enjoy
Jane seems like a really nice person ,nice video,
Love those single wide California properties. The crazy part is you buy the mobile home, but in many cases you are leasing the land. So, the owner can sell the land at any time. Nice setup on that park you are visiting.
The interview with Jane was very insightful. Thanks for sharing that!
The story about the Canadian couple isn’t 100% all the facts they leveraged their home beyond what they could afford because they assumed that their value would hold and they didn’t understand the adjustable rates. The couple took out multiple loans to pay for massive renovations to the house and the property is 4 bedrooms with 4 baths and over 2000 sq feet of house. They are just another example of people living beyond their means.
Bought a single wide mobile home 2015 in southern cali for 7 grand they are worth now 60-100 grand in same area. Space rent increases only by around 10 dollars a year. I spent 400 a month on land lease to live in southern call
Attention shoppers. Grand Bahama island has tons of lots which are on ocean front canals only minutes from the inlets. The water is crystal clear. You can still buy a VERY nice canal front home for $600k and it is way nicer than the California coast.