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Valued Contributor
Posts: 575
Registered: ‎07-29-2013

Re: Does anyone live in a mobile home?

I have never lived in a mobile home, however I am totally fascinated by tiny houses (some can be built to be transported). Maybe they are might be too small for some but that may be another option you want to look into as well.

Honored Contributor
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Registered: ‎03-09-2010

Re: Does anyone live in a mobile home?

On 7/7/2014 KathyPet said: I have read that the resale market on these is virtually nill and you would get pennies on the dollar if you wanted to,sell it later on.

Depends on where it is located and how well it was maintained. A friend of ours just bought one in our small town in Fl - double wide 1990 built cost 80,000 then and she paid 51,000 for it. She had agreed to pay 59,000 but at inspection found it needed all the plumbing replaced so she brought down her offer.This one has been beautifully maintained though and is about a mile from the beach. When she was looking we looked at ones as low as 12,000 but they were dumps. My friend's is in a very nice park in a desirable area of Fl.

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Registered: ‎04-05-2010

Re: Does anyone live in a mobile home?

On 7/7/2014 KathyPet said: I have read that the resale market on these is virtually nill and you would get pennies on the dollar if you wanted to,sell it later on.

KathyPet, I always thought this, too...until we sold our moblie home in 1986 for only $200 less than what we paid for it in 1975! Like others have said, it depends on where you live.

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Registered: ‎03-09-2010

Re: Does anyone live in a mobile home?

There is a difference between the mobile homes of the 70s and the manufactured homes of today. Manufactures homes are real homes, made out of real wood. They may be assembled in a factory or assembled on a lot. They have a foundation and everything else that a "real" home does. They're just put together.

Do some research. Go visit home shows and lots where these are sold and ask a lot of questions.

I wouldn't hesitate to purchase one if I had a beautiful lot to put it on. You get a lot more for your money. Check them out.

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Registered: ‎03-09-2010

Re: Does anyone live in a mobile home?

On 7/7/2014 vermint said:
On 7/7/2014 KathyPet said: I have read that the resale market on these is virtually nill and you would get pennies on the dollar if you wanted to,sell it later on.

KathyPet, I always thought this, too...until we sold our moblie home in 1986 for only $200 less than what we paid for it in 1975! Like others have said, it depends on where you live.

I'm glad you got your initial purchase money back but that's still not the same as a regular home where you hope the value will go up over time. If you ever decide to move and buy a home again, it could be difficult with no equity. Maybe I'm missing something but I do not think it's a good purchase from an investment standpoint.

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Posts: 7,997
Registered: ‎03-09-2010

Re: Does anyone live in a mobile home?

On 7/7/2014 RedConvertibleGirl said:

There is a difference between the mobile homes of the 70s and the manufactured homes of today. Manufactures homes are real homes, made out of real wood. They may be assembled in a factory or assembled on a lot. They have a foundation and everything else that a "real" home does. They're just put together.

Do some research. Go visit home shows and lots where these are sold and ask a lot of questions.

I wouldn't hesitate to purchase one if I had a beautiful lot to put it on. You get a lot more for your money. Check them out.

I agree with this. I think the OP needs to be more clear on how she defines "mobile home."

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Re: Does anyone live in a mobile home?

I know in Malibu, there are trailers going for over a million dollars. Think it's Paradise Cove? We have a friend who owns a trailer for summer use although it could be lived in year round. He was able to buy the land (huge lot) for $560K as it's waterfront on a cove that leads to a large bay, then the ocean. The trailer was around $40K and has a huge deck and boat dock. Don't know if he'll ever get his money back, but don't think he cares. He's happy. The trailer itself is a dump inside (totally for a man), but I love to sit on his deck when we're there.