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depreciation
Posted: Thu Jun 19, 2003 4:52 pm
by Jennifer Grillot
My husband and I are looking into buying a 2001 manufactured home and we were wondering how much and how quickly manufactured homes go down in value.
Re: depreciation
Posted: Fri Jun 20, 2003 12:05 pm
by Mac
It depends where it is and whether you own the land underneath it. You can get general ideas from the NADA guide (google-search for it). But, say you are in the San Francisco Bay Area - older ones fetch several times their original price, even in a park, since housing in that area is so far out of reach. The converse may be true where there is lots of cheap, open land.