donnay
Member
- Joined
- Nov 20, 2007
- Messages
- 42,534
They can be an inexpensive way of living. You can have a nice enough living space for low cost.
BUT!!!!
Resale value is extremely low! It is hard to sell a used mobile home. People who want used mobile homes have a hard time getting loans for them. Once you buy one, YOU WILL BE STUCK WITH IT. If you do want to get rid of it, you will lose a lot of money.
Depends on what part of the country you are in. We bought a used mobile home (in Maine), lived in it five years and made huge profit when we sold it. A mobile home is considered a Chattel loan. Like buying a car.