
Originally Posted by
DakotaRog
Yep, someone might just do that although mobile home placement in my metro is sort of a dying thing. I don't think there's a "trailer park" newer than 25 years old in Sioux Falls and several have been removed during the past decade. In my bedroom town, and several other suburbs I know of, I can't think of a mobile home park. Now, my bedroom town has a good number of subsidized apartment complexes because of a USDA program dealing with low cost "rural" housing. Sioux Falls has a long waiting list for subsidized housing units in the city so people move 5-10 miles away into "rural" suburb cities and get cheap apartments. Not that a person has have lower income to live in a mobile home but many people do because it tends to be less costly housing. If it gets moved, if will probably end up on a rural lot somewhere...
That one is an interesting possibility. There are trailers and then there are manufactured homes. (Two different things.) That one is a bit old, but it looks like it was delivered to the site in two pieces. If you had a total project budget of 25 k you could probably relocate it to another property.
Imagine a young family just starting out. They could have their own place with a mortgage that's less than a lot of car loans. They could own it free & clear in five to ten years.
I've seen this before. The lobstermen around here are pretty savvy money wise. They'll start off with something pretty basic & low cost when they're young. They manage carefully and avoid debt when they can. By the time they're in their mid fifties they have a net worth in the millions.
Nowadays, between the 250 k./30 yr mortgages, auto loans, student loans, and credit card debt many people work their whole lives with little or nothing to show for it.
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