Investors Are Buying Mobile Home Parks. Residents Are Paying a Price.
Across the country, corporate landlords are expanding manufactured housing portfolios and driving up rents, pushing longtime residents out.
Link: https://www.nytimes.com/2022/03/27/us/mobile-home-park-ownership-costs.html
Industry leaders are blunt about the business model: According to materials for a “boot camp” for aspiring mobile-home park investors prepared by Mobile Home University, which is run by two of the largest mobile-home park owners in the country, “the fact that tenants can’t afford the $5,000 it costs to move a mobile home keeps revenues stable and makes it easy to raise rents without losing any occupancy.”