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Old 10-28-2019, 07:51 PM
 
Location: New Jersey
1,731 posts, read 3,167,124 times
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Since home prices don't look to be coming down, has anyone else on here had the same thought ?


If yes, what are the "best" ones to consider ?

I'd prefer northern NJ, so Moonachie or Lodi are the most accessible...
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Old 10-28-2019, 08:14 PM
 
1,162 posts, read 846,057 times
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A home is a longer investment, and a trailer has a shorter asset life. Id say if you invested 300k into a house versus 150k into a trailer after 15 years you would have a much better return in the house.
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Old 10-28-2019, 08:21 PM
 
Location: Union City, NJ
1,597 posts, read 999,447 times
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I think I’d much more seriously consider moving out of state if it came to that before I would consider a trailer home.
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Old 10-28-2019, 10:11 PM
 
Location: Coastal New Jersey
58,494 posts, read 56,429,635 times
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Originally Posted by HudsonCoNJ View Post
I think I’d much more seriously consider moving out of state if it came to that before I would consider a trailer home.
How about a trailer home in NYC? I did a double take the first time I saw this.

https://www.mhvillage.com/Communitie....php?key=19663
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Old 10-29-2019, 09:23 AM
 
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I have looked into it, just as an option, and though the trailers themselves are cheap, you have to rent a lot space.

And in NJ, that's not cheap.
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Old 10-29-2019, 09:31 AM
 
1,238 posts, read 1,024,188 times
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I'm planning on doing this. But I also plan to move to Washington, where they are not only a little more accepted, the state has put in laws to help the residents from having the land sold out from under them.

Plus several organizations that help residents buy their parks in New England also operate in the far West.

The value of a manufactured home is still dependent on location, like other real estate. The quality of the park, it's location near shopping, hospitals and airports are all a factor.
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Old 10-30-2019, 08:53 PM
 
Location: Mid-Atlantic
26,129 posts, read 24,898,664 times
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Quote:
Originally Posted by Beaconowner View Post
I'm planning on doing this. But I also plan to move to Washington, where they are not only a little more accepted, the state has put in laws to help the residents from having the land sold out from under them.

Plus several organizations that help residents buy their parks in New England also operate in the far West.

The value of a manufactured home is still dependent on location, like other real estate. The quality of the park, it's location near shopping, hospitals and airports are all a factor.
The lot rent still goes up every year. My sister and brother-in-law bought a mobile home decades ago and live in a nice park. Now that he has retired and she will retire next year, they don't know if they will be able to continue living there. They're paying what looks to me like NJ or CT taxes in lot rent. They're in King County, WA. That was a mistake.
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Old 10-30-2019, 09:15 PM
 
Location: New Jersey
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Quote:
Originally Posted by Gerania View Post
The lot rent still goes up every year.

I hadn't thought of this, nor of the likelihood of an entire development being sold. Which is exactly what happened in North Bergen township recently -- the "Manhattan Trailer Park" was torn down, to make new housing next to the light rail stop on Tonnele Ave.



Thank you for all the responses.
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Old 10-30-2019, 09:29 PM
 
Location: Union City, NJ
1,597 posts, read 999,447 times
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Quote:
Originally Posted by JG183 View Post
I hadn't thought of this, nor of the likelihood of an entire development being sold. Which is exactly what happened in North Bergen township recently -- the "Manhattan Trailer Park" was torn down, to make new housing next to the light rail stop on Tonnele Ave.



Thank you for all the responses.

I drive by there all the time and I never noticed it was gone.
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Old 10-30-2019, 11:00 PM
 
Location: Earth
4,822 posts, read 3,288,058 times
Reputation: 3624
what about a tiny house?
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