Castro Valley mobile home park seeing huge rent increases under new owners
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- Опубликовано: 19 июн 2024
- John Ramos reports on a company that is raising rent at a Castro Valley mobile home park, saying the homes are RVs and not protected by rent control ordinances.
NEVER buy a mobile home UNLESS you OWN the land under it.
I looked into buying a mobile home, but they're all situated in mobile home parks where you have to pay rent on the ground the home sits on. I decided it was far wiser to continue renting an apartment, because there's always the option to move. That, and the fact that home insurance continues to be harder and harder to get in California due to the increase in wildfires.
Excellent reporting, praying my mobile home park rent stays lower
Those residents better pipe down before the new owners decide to raise rents to fair market value. They’re already doing a solid to the residents but not aiming for the top of the pro forma projections from the purchase.
“Fair market value.” It’s not a fair market.
@@Me97202 It's as fair as it gets anywhere.
The other one was closed down and developed for more stack and packs..
I expect this one will be..
Something has to be done to put a stop to these rent increases. And pull back on the rent that they already have increased.
The U.S. net population is growing around 3 million per year. Housing demand will continue to increase for the foreseeable future. Unchecked population growth isn't sustainable, but not everyone has gotten the memo. Building more housing comes with tradeoffs in both costs and standard of living. Single-family-homes with a nice yard and privacy will eventually be a luxury. They already are in some parts of California and elsewhere, but I digress.
@@ronbennett7885 just like it's been planned.
Class action lawsuit
My rent creased double just this year.
The ones that will will are the lawyers
MARKET RATE OR OUT☝️‼️ NOBODY OWNS THE LAND UNDER THEIR HOMES, TRAILERS, CONDOS OR TOWNHOMES, THE FKN GOVERNMENT DOES☝️‼️ IF YOU PAY OFF THE MORTGAGE, YOU’LL FOREVER HAVE A POS $ PROPERTY TAX BILL☝️‼️🤣🥳🤣
😅
I can see working people buying a mobile home, but retirees even 20 years ago should have known better. Those with the means should try to negotiate a settlement to get out. Or collectively buying out the new owner and converting it into a HOA. Some other mobile home parks have successfully done that.
Bugga bears 🐻 🐻❄ is the only faithful to the world's greatest minds pooky seeds dorky flipper pooky servant's pooky loves you creams more than ever before you syndrome
Lol you voted for this so go live on the streets!
humanitarian of the year recipient I assume?
@@pwp8737 no I'll give that to you.
No one “voted for this.” It’s got nothing to do with elected people. It’s corporate greed.
Neither party cares about the people of this country!
@@user-nd3tg5zn1b true
Pretty sure they can easily sell their mobile homes for many times what they paid & upgrade. Not as hopeless as a renter with no equity but that rent control law is useless.
Many are essentially worthless. Maybe worth something as scrap or parting out. It's sad, but the real value is in the land, which unfortunately the residents don't own. It's actually worse than renting an apartment. Many in this story have negative equity and can't easily move.
Pretty sure you have no idea how the market mechanism works for mobile homes.
Im pretty sure you are mistaken. Id love to hear your understanding of the situation
Mobile homes in Hayward on Winton doubled in price in the last 10 years . A 55+ park rent about $600 with garbage and water .