Older mobile/manufactured home over an apartment?
Older mobile/manufactured home over an apartment?
Well, the current real estate market in my area (western Washington) does not allow any single person with below an astronomical income to own a home. When I was staying in my last apartment, over two years I paid them more than $16,000 in rent, with nothing to show for it at the end. And prices are even higher now. So I was considering getting a low cost used mobile in a park as an alternative to paying $500+ per month for a tiny one bedroom (or less) apartment. On the other hand, an older 3 bedroom mobile will run me about $20,000 after which time I would only have to pay lot space, while a 3 bedroom apartment would burn through that much in less than a year and a half. The thought being able to have pets and not having a landlord tromping through my house four times a year is also appealing. Living in the mobile would just be a temporary measure while I finish college and save for a 'real' home. I know I probably won't be able to sell it for as much as I paid, but at least I wouldn't have nothing. Does a mobile sound like it would be right for me?
Re: Older mobile/manufactured home over an apartment?
You've already answered your own question. Maybe after you finish college and move on, you could rent it out to students (although they don't always make the best tenants) if the park allowed sub-leasing.
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