Daily Caller: Institutional investors are buying up local mobile home parks nationwide and raising the rent and fees mobile home owners pay to park their homes.
Corporate investors, like private equity firms and real estate investment trusts, purchase mobile home parks and raise the rent on tenants who are primarily disabled or on a low or fixed income, The Associated Press reported.
Out-of-state purchases in Minnesota almost doubled between 2015 to 2021, with 46% of the state’s mobile home parks purchased by an out-of-state company in 2015 to 81% in 2021, the outlet reported. Rent at these parks rose as much as 30% simultaneously, according to The AP. more here
Rat bastards. Special place in hell.
Many of these poor people own the mobile homes but rent the pad it’s parked on. If they can’t afford the rent they can’t just walk away. They have a major investment in the structure and have to pay to move it. Like that home in the photo, many have exterior additions and cosmetic improvements that will be destroyed in order to move them.
OBAMA IS SO HAPPY RIGHT NOW
HE IS THE PUPPETEER
BIDEN IS THE BRAINLESS PUPPET
BIDEN MAKES OBAMA LOOK GOOD
OBAMA GETS HIS THIRD TERM, RULING FROM HIS SEASIDE MANSION
DESTRUCTION OF AMERICA IS AHEAD OF PLAN
NOW IF HE COULD ONLY GET MICHAEL TO TAKE AN OCCASIONAL SHOWER AND PICK UP HIS JOCKSTRAP OFF THE BATHROOM FLOOR
It’s just so fucked up and wrong.
Though the practice is probably legal, it is certainly unethical. Evil comes in many forms.
Sounds like something Mitt Romney would do.
Drag a hundred dollar bill through a trailer park, and this is what you get nowadays.
Jethro
JULY 27, 2022 AT 9:04 PM
“Many of these poor people own the mobile homes but rent the pad it’s parked on. ”
…this has actually been going on awhile. My father in law passed a few years ago and left my wife his trailer, but not the plot, in Tennessee with a pretty good view of the Smokies. She didn’t want to live in a trailer and I had my job in Ohio, but we tried to keep it as a vacation home of sorts for awhile. Things were OK the first year or two while a local fellow owned the park, but he sold out to a California capital group who proceeded to jack rents and cut services, the biggie for us being that the park no longer mowed the plot around the trailers. We started to have problems around the trailer that we weren’t there to defend, the theft got so bad at one point someone stole some flowers we planted…PLANTED…in front of the trailer in a flower bed, physically dug them up and carried them away. At one point they removed our mailbox, and road maintenance in the park basically stopped. Then they created a plot in front of our plot that would block our mountain view, and that was that.
We sold them the trailer at market value and dragged all her dad’s stuff home.
The park’s still there. We told them honestly about some problems the trailer had, and they never fixed them. Everything just looks run down and shaggy now. I’m glad we left, but its a damn shame that those Californians had to Californicate the place.
Democrats Ruin Everything.
95% of the lawyers give the rest of ’em a bad name!
The same thing happened to small town business property in the 70s, when tax rules were changed in the legislation to bail NYC out of bankruptcy. Turning rural towns into ghost towns was the price for saving NYC.
How many times has the rest of the country suffered for the sake of NY.
Between tornados and progressives, a low-income guy doesn’t stand a chance.
I have spent most of my life in and around the mobile home industry in the Western United States.
The cost of a rental space in a mobile home park has always been high, even back when they were mere ‘trailer houses’, i.e. trailer parks.
When I was first around such dealings in the early ‘70s’, I always vowed I would NEVER waste my money on rental charges in a park.
And, to this day, I never have rented such a space and I know I am financially ahead of the game because of my decision.
The entire mobile home park idea is a scam that preys upon the weaker, less knowledgeable in society. If a renter plants anything on their site, it belongs to the owner of the park.
Always seemed like a bullet proof investment.
Well, you don’t expect the owners to not take the money!? And help shove the residents, into the boxcars, to the camps!? Do you?
What are you!? Some kind of filthy, genocidal, commonist!?
It’s not the fault of the people who sell out their neighbors! It’s just business!
3rd
It is in fact something one of Mitt’s outfits did about 15 years ago. Not bain.
They Blockbusted the one in Key West with Haitains …They just Stand in the
middle of the Road when You Drive in and Stare at You….Not trying to intimidate,
They’re just really, really, really, Stupid.
Buddy pulls in to His Mother in Laws place in His Police Cruiser…same thing.
Another facet of the quest to collapse the system. Make food, energy and housing unaffordable to the point that the masses cry out for ‘someone’ to fix it all. That someone will be a world government.
We’ll own nothing and be happy.
Snipers, we need snipers.
Mobile home parks are just the latest to get hit.
Try to find a home you can afford to buy or an affordable rent without roommates.
Our taxes have gone up another 6% this year. That makes almost 40% hike since 2020.
At planning board meetings out of state property owners who charge ridiculous rents are complaining that they can’t turn the garages on their rental homes into apartments for more income.
It’s happening all over.
This is my life. I’ve been working since I was 7. Once I graduated high school, I worked two full-time jobs to help my parents. I still never earned enough to buy even a modest house. Buying an old trailer house and paying rent on the lot was the cheapest way to live, so that’s what I did.
Last year, some out-of-state conglomerate bought the trailer park and raised the rent immediately by $100 a month. And they’ve raised it by the same amount twice more since then. And, of course, they fired all the staff and ceased all maintenance.
I’ve always worked at least one full-time and one part-time job, but now I’m back to working two full-time jobs just to pay the rent. I still don’t have enough to buy a house, I don’t have time to defend what little I do have, and I’m too tired to fix what the owners should but won’t.
About 25 years ago, we in the park had a chance to buy out the owners; we would each own our individual lots. But one notoriously crabby old woman refused to even let anyone speak to her. So we didn’t get everyone to sign the petition, so it didn’t go anywhere.
These big corporations that it’s almost impossible to find out who really owns them are doing this all over and not just mobile home parks.
They’re buying up houses and if they’re rent houses already they’re doubling the rent, if they’re not rent houses they either tear them down and build duplexes or tri-plexes or some they just leave sitting empty.
They’re also buying up commercial property and raising the rent/leases on them as well, which is causing them to sit empty when small businesses can’t afford the rent and move out.
It all seems to be the same corporation that says it’s headquarters is in Dallas, TX.
Politicians seem to be so good at making stupid laws, but yet refuse to make laws not allowing out of state or even out of country corporations from buying up property.
The photo reminds me of the senior citizen mobile home park that my parents lived in many years ago. My dad passed away and then my mom was there a few more years before she passed away. The thing about it is they remove the wheel structure and put those up on blocks then build a porch like the area in front of it. Then you’re stuck you don’t on the land and they keep raising the basic rental on the home you live in. However, I always feel the same thing is going on with the County Tax Collector. You can pay off your home fully, have no mortgage, but if you failed to pay that couple thousand dollars that they assess your property for schools each year, your home that you have fully paid for can be repossessed by the county for unpaid taxes.
Tragic. But most of them vote for politicians who promised them free shit. We had a ballot measure promising to only tax the rich. Tried my darndest to convince gullible suckers that the rich do not pay those taxes. The government forces the rich to raise their prices, thus collecting the new taxes from their naive (really, really stupid) customers.