re-sale values

[dan]

hello...i am looking into buying a double-wide mobile home. the particular homes i am looking at would be right around the $70,000 range. i was wondering, how well do these homes hold their value? would it be worth buying a double-wide, putting it in a park if i am going to be looking to sell and move in 2 to 5 yrs? any help from people who have been in this situation or know the re-sale value, or holding power on these homes would be greatly appreciated.

[bobg]

Maybe it's different in other parts of the country (retirement communities in warmer states?), but in central NY, you are throwing money away buying a DW, placing it in a park and expect to get what you still owe on it in 2-5 yrs.

[David Oxhandler]

Bobg it just aint so....

The continued valus of a MH depends on the same three factors as any other building.

LOCATION LOCATION CONDITION

[bobg]

Then CNY is the wrong location. For sale signs in windows and in the papers week after week. Private property might work, but not in a park here.

[Texan]

Resale can also be affected by the number of foreclosures as here in Austin area we have experienced alot of foreclosures thus forcing the value of doublewides way down.