it's global. A year ago Australia officially told seniors they can buy a tent and live in a park. Now with all the illegals flowing into the USA it's just going to get worse. Make more money, prepare for retirement. This woman with the bingo could be getting a part time job to pay her rent.
Young people are paying attention... money management and how to invest in the stock market are now being taught in all our schools. All this stuff is being taught to young people so they think greed is a positive trait.
@@cyan1616yeah I would say that is true. Probably going to get worse before it gets better. People will realize that this me me me mentality will get you overworked and broke.
@@cyan1616 hey, to make $ in the USA u gotta step on some ppl on the way up. Still would take it over collective ownership/communism/socialism any day.
My elderly parents are in a mobile home community . Thankfully, it's a co-op where you jointly own the land under you along with ALL your neighbors. All 77 homes would have to agree to sell to some outside buyer.
I visited 2 co-op senior parks in Orange County CA in 2020. Back then the average asking as $350k. Today the asking is over $500k. Those homes aren’t new MF but 1970/80 built homes. One own your lot all age park in Long Beach we’re selling close to $600k last year.
I own a mobile home in a 55 and older community and everyone owns their lot. The prices to buy these lots with or without a mobile home have shot way up. All of them higher than what I paid for a 3 bedroom home 25 years ago. It’s just crazy but people buy them and quickly.
Rents will never go back down. Investors and rental companies are going after our money like rabid dogs. It's all perfectly legal and supported by our government.
Rents will go back down because nobody likes to sit and watch their rental properties stand empty. People literally can't afford to live inside a rental property. People literally live in cars, more and more. The smarter, more able people get out while they still have assets and income. The rest are being ground to a powder by the weight of their leases, getting farther and farther behind. Owing bad-credit lenders they'll never pay off because they can't see another way to pay their bills. Dying, like the woman said, because they only take their maintenance medications (heart pills; blood sugar meds; etc.,) half as often as needed to keep them alive. That kind of landlord isn't looking at long-term legacy-building strategies; they've been lured by the myth of easy money. It's going to financially ruin them in the long term.
@@dcg590the house next door to me is a rental property owned by a "car guy." He bought it for what it's worth ($10-12,000,) spent +/- $35K on reno, and listed it for $110,000. It's a "manufactured home." Nobody's looking for houses to buy OR rent in my community. If they were, they wouldn't pay 1000% over realistic (as opposed to current market) value for a jacked up mobile home. It's going to sit empty for a long time. And he's still going to have to pay off his loans. 🤷 He probably took a seminar. Oh, yeah: he lives in another state.
I owned a doublewide in a park in Virginia owned by Lautrec Ltd., when I first moved in the lot rent was $330., it included nothing at all, just the lot with the water, sewage and electric connections, you paid for all of it, you cut your grass and raked your leaves 6x each fall, if they felt it needed more their maintenance man did it half way and charged you $65., you could count on the lot rent going up each year, by the time I sold my home10 years later, at a great loss, the lot rent was $822. a month, still nothing included, they had two small playgrounds for kids, no club house, pool or amenities, it was located in a small town just outside of a city, when the housing market went up so did they, it was pure unadulterated greed.
@@tw8464 You do know the biggest real estate investors in the world are Biden's right hand men in the White House? Ever heard of Black Rock? The whole family works for Biden.
They doubled my lot rent, I had a 20 amp breaker, wood stove and oil furnace, my trailer was too old to move anywhere, they have an age limit. It was a 1962 10x52, I rebuilt it from the frame up in 1997, it burned down, was built better than most houses. I had to tear it down, when the landlord noticed I was demoing it, he said, "Well I would buy it from you". I said," Well I wouldn't sell it to YOU." Fkn Californians! This was in Idaho, I was struggling with a recent diagnosis of Epilepsy after having Fungal Meningitis that was misdiagnosed as a sinus infection, so it did permanent damage to my brain. I was in no shape to fight for my home, couldn't work enough to pay the lot rent. Thank God for my sister and brother in law, probably saved my life as I was considering giving up. There is no love here on this Earth, just specks of it in some people.
3 parks were sold off in the Phoenix metro and will be replaced by expensive multi use developments. Phoenix will collect tons in property taxes and should pay for the move, $7500 doesn't even begin to cover it. Some of the mobile homes are so old they can't be moved.
Same with apartment complexes,it just happened to me, it's extortion My new lease starting in March goes if I choose yearly at $935. with monthly costing $1650. They change a couple hundred dollars from monthly to yearly. I chose 6 months it's going to be $1200. right now I pay $703. per month,been here 10 yrs. I went with 6 months so I can get the hell out of here before they take all my savings.
@@orangefield3171 would you mind sharing the name? I'm 60 and looking for possible living locations in AZ or NV. My husband retires in 1.5 years and then we're moving to an area where I can do some rock hounding and hiking. I love the desert.
Greed is out of control in this country!! Why doesn’t every state have rent controls? Here is Oregon, Landlords are only able to raise rent a certain percentage every year and that rate is set by the state. Currently, it’s about 10%.
@@beverlywhitaker2816 - I agree but at least there is a cap. My sister’s previous landlady never raised send the rent on existing tenants. She only raised it when a new tenant moved in. My sister paid $495 a month for a 2bedroom duplex with a garage for 10 years. Then the landlady sold the units. The new landlady has raised the rent the max amount for the past three years. My sister now pays almost $700 which is still below market rate. However, if there weren’t caps, the landlady could have easily raised the rent to about $1100.
@@beverlywhitaker2816is it necessary to give you a raise at your job every year? First off, renting and owning property is a business, ,Ike any other, for profit. Second, taxes and insurance and maintenance costs go up so yes, it’s necessary to raise rent
Sad...it`s happening everywhere. My apartment lease went up $50. I already plan on working till I die, because social security isn`t enough. Oh Lord, be with us all. Amen
This is going on all over the country. Mobile home parks used to be locally owned but the local owners started dying off then these out-of state corporations started buying them up and jacking the rent up into the stratosphere. State legislatures need to step in at this point and cap the amount lot rent can be raised. This business of jacking the rent up 30, 40, 50% every year is total b.s. It needs to be put a stop to.
Very sad for seniors. Owners, go visit your properties, and meet these PEOPLE. Yes, the PEOPLE, and stop looking at your assets. Do you have food, clothing, & shelter? You are blessed. Learn what LIFE is really about...caring for others.
Just another example of Corporate GREED! Retired people that worked all their life and wanted to live in peace, screwed over by money hungry executives, profit over people, how much money do they need
I live in a mobile park here in Illinois. The rent has been going up every year by $10 Now it's $20 a year! I've been putting money away to buy an acre of land land in my town, but some greedy investors are buying up all the land and building Gated communities so they can charge a Hoa fee's!!
@mjc42701 they are saying every year the lot rent goes up by x amount.. for example this year every month is 400$.. next year is 430$.. next year 480$.. that's what they are saying
@mjc42701 For the past 3 years since I moved here, it's been going up between $15 and $20 When I moved here three years ago, my lot rent was $320 a month. Now it's $365
@@Stephanie-vn6ir I know what you mean.. my dad has a mobile home in Indiana.. it's been going up in January for 6 years back to back... it's crazy and wrong.. these people own these parks in almost every state
Tiny home lovers pay attention cuz this is your future! It's one thing to pay property taxes forever. BUT this new renting housing and basic necessities that the whole economy and the world is heading towards is going to come crumbling down in a few decades😢
When Legacy tried to buy our over 55 park in Massachusetts from the family business that started and ran the park for over 40 years, the residents were able to buy the park. It is now a resident owned community with significant increase in property values. MA law allows the residents the first right of refusal to buy the park over the investor Legacy. There is a non profit that helps communities buy their parks with legal and financial support. We had to take Legacy to court to kill the deal with the owner and it took over 18 months but we got it done. Our state in this case created a good law. We had other parks that did not take advantage of this law and they are are up the creek with Legacy as owners.
This isn't new. Its been happening for the last 20 yrs. What all the states need to do is offer an assisted co-op buy out for the residence as a buy first plan before the Wall sters come in and buy it out.
Greed is so bad in America we made sports betting legal and advertise it on tv. Just saw on today they did a bit on all the bets you can make during the super bowl. Yes greed is destroying America.
@@presidentcamacho No one is totally free until death, in the meantime robbing seniors doesn't sound too American or Christian either, maybe Prolife needs to include people outside of the uterus. WWJD?
Same in Wisconsin. Moved in a park in 2016 at $250 a month. Owned by a local person. He sold out to a company in California and rent has gone up $10 a year ever since. This past December, we get a notice it's going up $20. $310 is still cheap for a park, I know, but where is it going to stop? When it hits $800 a month? It's pathetic, the greed in this country is out of control. Especially for retired/senior people.
This is a problem happening all over , here in Minnesota it started about 10 years ago , what some of these companies are doing is raising rent as much as they can , cut maintenance costs and bank the profits . The profits are kept for the plans to remove the Mobile Homes and develop the land , so basically you are paying for the development they will eventually build . Over the years there has been lots of talk about States making laws about Ownership in cases like this but as soon as talks start the Corporate Money starts flying and Lawmakers no longer have time to talk about it . This problem has started happening with Corporate owned permanent placed homes also , that is why it is getting hard for a person to find an affordable home , The Corporations out bid regular home buyers because they look at it as a profitable business rather than a Living Necessity . The States will not do anything about it because it means more Tax Income for them.
The corporations have shareholders and all to often those shareholders are your very own neighbors who are investing in the stock market through their IRA accounts. It’s a crazy world.
Higher rent sucks. But the worst is yet to come for these folks. This is happening all over the country. And rampant here in Florida. It’s unreal and an absolute nightmare that these actions are happening to our elderly. There are soo many beautiful lake front mobile home communities here in Florida that have been bought out… rent immediately raised among other fees and were immediate crossed with empty promises. I know specifically because this happened to my mother(84)who is disabled and sister(64) disabled and retired law enforcement. Where some company hiding under a shell LLC based out of Canada bought the property and stated that they were gonna do such grand things for the community all while raising rent. (Palm Gardens - Tavares FL) Several months after nothing being fixed the rent is raised again. Same instance as this , everyone privately owns their mobile home - pays lot rent and utilities. Well after about a year and change the Canadian shell LLC decided that they were gonna change the lands usage and could legally evict everyone in which they did. Wasn’t a thing anyone could do. People petitioned the county board, contacted news and media outlets, even reaching out to Florida Gov DeSantis. Nothing..nada ..no one cared. It’s an all too common occurrence and as long as they do everything legally. And they sneakily get away with illegal stuff like harassing the tenants..turning their water off and on. Sewer issues. Etc. over 150 residents forced out. Sure they were legally given 6 months to prepare. And offered $1500 for their mobile homes take it or leave it. However at the end of covid and costs across the board that have risen. They luckily was able to find another place but at 3X the cost where they were. They had been there for nearly 20 years. Some of those people had been there since the 60s & 70s. My sister paid $12k for the trailer 15-20 years ago. Put another $24k into it over the years. Had everything from new floors to a new bathroom and kitchen etc. It had a decent value however the original base was from the 70s. The wheels and ankles were completely rusted and shot so there was no way in moving it unless everything was replaced and welded in among the moving cost $10k+ easy that they did not have. I can go on and on how horrible this situation was for us. And some others had it so much worse. Like the lady said…how much is enough..seriously..how much..are you willing to sell your soul and condemn another for something that is losing its value each and every day in this nation. We should be taking care of the sick and elderly. Not making them suffer…worry and go without the last remaining years of their lives.
Happening here in VA. Company showing NC base but all contacts in NY purchased 2 yrs ago, lot rent went from 230/mo to 265 to 385 in these 2 yrs. Promised to make improvements, put sign up front & that's it. Giant potholes in drive. Mail box rack collapsing. Trying to find legal recourse. I'm 74, most in park are older or young families trying to get a start. Googled company when they purchased park from local owner, all reviews negative & that they were greedy, only cared about money and didn't give a crap about residents. As a former business owner, i know you need to make a profit, but if this isn't illegal, it's highly immoral..
A private equity firm, bought out my grandfather's company in Hanover ,PA and Holy $hit, this is the same company!!! The lot rent went from $470, 2 years ago. Now this new lease is $690. The say they are located in FL and have an office off of Tatum Blvd in Phoenix, AZ. Thank you for shining line on this! This should be illegal!
Right around 2021 alot of new management took over everywhere by young buyers who are looking to get rich quick. And they don't care about maintenance or up keep, just charging more to put the most in their pockets.
Exactly. And there are literally zero laws regulating this. The out of state ger rich quick owners corporations can let the park go to pot, the roads disintegrating, garbage everywhere, do absolutely nothing and jack the rent up a thousand dollars every single year if they want and it's all completely "legal"! The "trickle down" mafia that's hijacked state legislatures is completely out of control in this country and need to be put a stop to.
This resembles the situation of what occurred at 1208 san Pedro ne when Otter bought the storage building at that location. Otter jacked up prices and the facility fell to the predation of homeless burglars.
Elevate commercial of San Diego, California. Did the same thing, they raised our lot rent 43% here in Ohio. Plus, charging us pet fees parking fees and "fines us" for anything that is wrong. I can understand if we're renting the structure but we're just renting a piece of dirt with a water/sewer line. GREED
They’re doing this to our family of five here in Sea Air Village in Rehoboth Beach Delaware They have been taking peoples homes because they’re old and tearing them down at a rate of about 4 a month This place used to be the only family (kid) friendly in the area that’s affordable. Now they’re driving long time residents to replace them with tourist owned new single wides that they’re selling for 140k
Wow, investors did that in my region (SF/Oakland Bay Area) and now it's considered one the most expensive. It's also created a crime wave as everything becomes unaffordable.
It'll only be a problem when it starts affecting Amazon's, Walmart's, or any other large corporation's bottom line. If housing costs go up, consumer spending power goes down, which in turn, drops Amazon's and Walmart's profits. The fact that you're starting to see these movements suggests, to me, that special interest groups are funding campaigns against rent price gouging.
Harmony real estate buys mobile home parks and does very unethical thing once they own them terrible things happen to the unfortunate people living there.
Need to change state laws everywhere!! International investors also buying properties. Govt must stop cirporate greed!!! Already millions of elderly homeless.
@@dcg590 Don’t you have the slightest clue how much socialism you yourself partake in already in this country? You are being gaslighted by politicians who yell “socialism is evil.”
@johnjaco5544- I personally sat in a local City Council meeting where the councilmembers were offering tax incentives to investors/developers of "market rate" developments. Therein lies the problem....
I live in Fl and one of the snow birds I know has a very, very very small mobile home that she owns and the park has no frills....no pool, no club house....just basically a place to park your mobile home in a fairly small space. She pays in the range of $700 a month (plus utilities) all year even though she is only here for about 5 months. She is not allowed to rent it out if she is not staying in it. And her house insurance costs have risen so much that she is not paying for any house insurance on it anymore. And the owner of this park is local....not out of state.
My lot rent went higher than my SS income, and there nowhere to put my trailer, let alone pay to move it. I too was in a 55+ park, so WRONG. I'm now living in my car. HUD housing has waiting lists years long.
Everyone should ban together and stop paying rent !! They can’t evict you if own your own . Cost of removing the trailer would take years and media coverage would be great .
I agree…every renter around the country should join together and boycott rent. What are they going to do? Evict everyone and sit on vacant properties making nothing? I’d think they’d rather negotiate rents at some level to keep the rent coming as opposed to sitting on vacant properties. Every single person should stop paying rent. There should be a law established where no one pays more than 30% of their income toward their rent.
@@bradc1263 Landlords in some state are very vulnerable and hold huge liabilities . If just half the people stopped paying rent they would default on their loans . There is some non profits groups that have worked with these renters to help buy them out and create co op trailer parks .
@@garza7676 I, completely, understand your point, but here's how I see it. Anyone who owns a property that they do not live in as their primary residence and are using as a means to make money off of others...are part of the problem with real estate and that problem is creating so many unnecessary burdens on our society that those people should pay the price for the destruction they are causing in peoples' lives and our society/economy. I have no sympathy for real estate investors or companies using housing to suck society dry. I don't know the figures, but I'm guessing 90% of renters in our country are spending more than 30% of their incomes just to keep their rental roof over their head. There should be a law that no one pays more than 30% of their hard earned income to keep a roof over their head...otherwise, they risk not being able to afford any other necessities in life. We have millions of people now being pushed to work multiple jobs just to keep a roof over their head...forgoing their health, forgoing a proper diet, forgoing vacations, forgoing RNR, forgoing an endless list of things they should have in their lives...all to pay their rents. You know everyone has a priority list....people cut cable because they could and still live comfortably...it was way at the bottom of most peoples' priority lists. Having a roof over your head at night and a safe haven is, likely, right near the top of most peoples' priority lists....it's something we just can't live without, so we have to pay whatever we have to in order to keep it. When rents are being raised to a level where most people are now being gouged and financially drained, I have a problem with it. When there are people who own real estate as an investment tool, out living large every day, not really even working a job, because they can just sit back on autopilot and collect rents to fund their lives, that to me is just wrong, it's inhumane, it's deplorable and those people should feel guilty that they are funding their lifestyle off of the pain, misery and sacrifices of others. Those people are not doing good works for God and better be praying for forgiveness, as they are committing terrible sins to mankind. Housing should be a right....not a financial prison for the majority that has been hijacked to fund the lavish lifestyles of those fortunate enough to have the money to hoard it all.
I think real estate investors are looking for any square inch in this country to drop their money. Plus, there are housing companies willing to take their money also.
I feel sorry for these people but I also feel sorry for all of us. Everyone's rent is skyrocketing. Food is 2x as expensive as it was a year ago. I own my home but my tax and homeowner's insurance have went up $3,500 this year so I'm paying an extra $300/month. If the greedy narcissists that own all these companies want to jack up prices then they have to increase wages too otherwise they won't have any customers. They can't have it both ways. You can't charge 2024 prices while paying 1994 wages. Case in point I was just quoted $45,000 to do some landscaping and driveway work. I did the calculations. They're only paying their employees $22/hour and at that rate their labor costs are only about $3,000. Materials for this job are negligible, around $4,000. Where's the extra $38,000 going? Into the greedy narcissist's pocket. I understand they have other business expenses but come on. The greed is just fricking ridiculous.
So, basically, the parks are being bought by inexperienced, "took a seminar" opportunists who think they're going to suddenly move up in the world by exploiting their newfound, pre-existing, consumer base. 🤔 It's VERY profitable...for the people selling the seminars.
Not creating *potential* social problems, creating *REAL* social problems. Not sure why one needs to be beating about the bush on this - it's pretty obvious and clear.
Trailer park rent is increasing to force residents out. Then they can resell the property for apartments. Since it's already zoned multiple family residential it doesn't need rezoned.
Interest rates are higher, so investors are pass that increase along to their tenants. Especially Investors with commercial loans That have varying interest rates.
Oregon passed legislation to make it harder for parks to take people's homes, esp. w/o fair market rate compensation. It was so bad way back in the 90s that 100% of the homes in some parks were owned by the park, who jacked up the space rents sky high - knowing people esp. those of fixed incomes couldn't afford them, added a hundreds to thousands of dollars in fees, filed to evict then used the courts to either force auction sale of newer mobiles (which they snapped up cheap) or flat out give them older ones made before 1977.
These places get gobbled up by mid level, cash poor, Wolf of Wallstreet want-to-be investers all of the time. They run the place into the ground. They jack up the rents. They clear the place out and start fresh. Charging $2k a month rent.
Will higher income people who can afford these ridiculous rents really want to move into these rundown rv parks with old units from the 1980's? They might be interested in a higher quality place to live.
It is NOT just your state, but sadly, All states. This "out of state" owners is Really Out of Country Owners who Buy a Name/License for a company and have a front agency to oversee it. Our Country is being SOLD from under us all! This Should NOT BE Allowed for any company/person that is NOT a Citizen of the country they want to buy land/property in! That Includes Americans doing this on=verseas, I believe in China you Lease NOT Buy the land--Same should go for America! But NO Foreigner should be allowed to KEEP the Citizens from buying/renting a place to LIVE because the foreingner or company keeps RAISING the COST and Making Americans Homeless. Our Government Should, like wise, TAKE CARE OF OUR CITIZENS_ ESPECIALLY THE VETERANS BEFORE ILLEGALS!!
😢😮😂 did you notice he said corporate we don't not need corporate that's where we have gone wrong we do not want corporate anymore when you go corporate you go big money 💰💰💰
Unfortunately taxes, insurance, materials and labor have all skyrocketed so the increase is passed on to the residents. There is never any security in renting a home or a MH lot. All the years they paid lot rental doesn't give them any ownership, just old MH's that are expensive to move if they are even legal to move to another park.
They go beyond passing on the cost increase, they charge as much as they think they can get away with, there should be some regulations put in place where the owners can make a profit without overcharging just because they want more $.
we as Americans need to fix this housing problem fast the billions and billions we are sending to other countries for them to have housing we should be spending that money for Americans can have affordable housing.
Im glad that a news outlet FINALLY talked about these investor groups: their stated plan is to pillage as much as possible from seniors, because they know its harder for them to move. One had their workshops on RUclips, explaining happily how they raised the rent so high, that seniors with newer expensive homes were forced to abandon them, leaving the investors a huge profit . And more.
There should be a law that says if you own long term rental homes you have to live in the state those rental homes are in. Your tenants have to have some way of getting things taken care of and if there are relying on businesses that aren't doing their jobs then the owners need to be held completely responsible for what's happening
Yea in cloudcroft n.m. 2004 paid 350.00 month 400 square feet studio apt by 2013 485.00 month it is now a 585.00 a week cottage I was the first tenant there when they opened up that was on 101osha trail glad I got me a old r.v to live in rent rate freeze needed now!
I live in a small 55+ MH community that has stayed in the same family since its inception nearly 60 years ago. 17 lots, 5 lots are owner occupied while the remaining 12 lots are rentals. City water-sewer-trash pickup. Everyone has a separate water meter. $250 a month for lot rent, probably the lowest in the region. Well maintained - we take care of our own yards. All caucasian residents. Next closest MH community has about 60 spaces, marginally maintained, predominately Mexican - Latin American residents with just the lot rents in the $600 range. Brand new 'starter homes' in this area are going for $350,000 plus.
When Washington is full of greedy power hungery people so is our country. This is a fact that will not change until Washington changes for the better. This is just my opinion. Gid bless.
It's the state legislatures allowing this completely entwined with the corrupt out of state corporations "hoas" banks lawyers etc. The housing market is completely rigged in every state and the state politicians play this game of blaming it all on Washington when the state legislatures are the one taking bribes from these out of state corporations screwing their own people. We need to start telling the truth about it. The problem is the trickle down mafia and they're in control of state legislatures.
This is a problem all over the country no one is safe.
it's global. A year ago Australia officially told seniors they can buy a tent and live in a park. Now with all the illegals flowing into the USA it's just going to get worse. Make more money, prepare for retirement. This woman with the bingo could be getting a part time job to pay her rent.
This 30% figure is the same all over the country on apartments and Mobile home lot rents. Bidenomics at it's best.
Nope, not all, just a few
$730 per month for lot rent is outrageous.
It's criminal
I pay $1300 a month for 4 rooms.
Hmmm really … it’s hitting $2000 for lot rent on the low end in CA
That’s ridiculous !!!
@cyan1616 LOT rent is different... they're paying ONLY for the space, they are homeowners!!. Rent at 1300 a month for a 4bedroom isn't bad....
Young people pay attention this is your future. Better change things now. Don’t let corporate America bully you
Young people are paying attention... money management and how to invest in the stock market are now being taught in all our schools. All this stuff is being taught to young people so they think greed is a positive trait.
@@cyan1616yeah I would say that is true. Probably going to get worse before it gets better. People will realize that this me me me mentality will get you overworked and broke.
@@cyan1616 That or they're becoming socialists that want to take all personal property away from people and out us all in Stalingrad like tenements.
@@cyan1616 hey, to make $ in the USA u gotta step on some ppl on the way up. Still would take it over collective ownership/communism/socialism any day.
It’s happening now wym. A lot of young people are homeless and struggling. Young people out here too
These out of State Investors are Greedy and Do Not Care About Anything But Profits!
It's criminal this is happening to Senior Citizens. So many living in cars now.
Out of State Investors are Bidenomics People.
So if they were in state... everything is copacetic.
I agree but if you and I are investing in the stock then that’s us and how do we tell the machine to make money but just not that way?
Isn't that the American way??
My elderly parents are in a mobile home community . Thankfully, it's a co-op where you jointly own the land under you along with ALL your neighbors. All 77 homes would have to agree to sell to some outside buyer.
That is awesome. Was it a co-op when they moved in or happen later on?
@@indigostaraz It was created as a co-op in '85. They didn't move in until '01. Someone had vision and forethought!!
@SpotTheBorgCat The mobile homeowners should always be given first right of refusal.
I visited 2 co-op senior parks in Orange County CA in 2020. Back then the average asking as $350k. Today the asking is over $500k. Those homes aren’t new MF but 1970/80 built homes. One own your lot all age park in Long Beach we’re selling close to $600k last year.
I own a mobile home in a 55 and older community and everyone owns their lot. The prices to buy these lots with or without a mobile home have shot way up. All of them higher than what I paid for a 3 bedroom home 25 years ago. It’s just crazy but people buy them and quickly.
Rents will never go back down. Investors and rental companies are going after our money like rabid dogs. It's all perfectly legal and supported by our government.
Because they are all family or relatives.
Nobody wants regulation until it affects them
You mean they want to make money with their business? Oh the horror.
Rents will go back down because nobody likes to sit and watch their rental properties stand empty.
People literally can't afford to live inside a rental property.
People literally live in cars, more and more.
The smarter, more able people get out while they still have assets and income. The rest are being ground to a powder by the weight of their leases, getting farther and farther behind. Owing bad-credit lenders they'll never pay off because they can't see another way to pay their bills. Dying, like the woman said, because they only take their maintenance medications (heart pills; blood sugar meds; etc.,) half as often as needed to keep them alive.
That kind of landlord isn't looking at long-term legacy-building strategies; they've been lured by the myth of easy money. It's going to financially ruin them in the long term.
@@dcg590the house next door to me is a rental property owned by a "car guy." He bought it for what it's worth ($10-12,000,) spent +/- $35K on reno, and listed it for $110,000. It's a "manufactured home." Nobody's looking for houses to buy OR rent in my community. If they were, they wouldn't pay 1000% over realistic (as opposed to current market) value for a jacked up mobile home.
It's going to sit empty for a long time. And he's still going to have to pay off his loans. 🤷
He probably took a seminar.
Oh, yeah: he lives in another state.
This isnt just mobile homes, this is all housing and it's getting out of control.
I owned a doublewide in a park in Virginia owned by Lautrec Ltd., when I first moved in the lot rent was $330., it included nothing at all, just the lot with the water, sewage and electric connections, you paid for all of it, you cut your grass and raked your leaves 6x each fall, if they felt it needed more their maintenance man did it half way and charged you $65., you could count on the lot rent going up each year, by the time I sold my home10 years later, at a great loss, the lot rent was $822. a month, still nothing included, they had two small playgrounds for kids, no club house, pool or amenities, it was located in a small town just outside of a city, when the housing market went up so did they, it was pure unadulterated greed.
Exactly it's outrageous what's going on
@@tw8464 You do know the biggest real estate investors in the world are Biden's right hand men in the White House? Ever heard of Black Rock? The whole family works for Biden.
Good Lord! That's crazy!!!
They doubled my lot rent, I had a 20 amp breaker, wood stove and oil furnace, my trailer was too old to move anywhere, they have an age limit. It was a 1962 10x52, I rebuilt it from the frame up in 1997, it burned down, was built better than most houses. I had to tear it down, when the landlord noticed I was demoing it, he said, "Well I would buy it from you". I said," Well I wouldn't sell it to YOU." Fkn Californians! This was in Idaho, I was struggling with a recent diagnosis of Epilepsy after having Fungal Meningitis that was misdiagnosed as a sinus infection, so it did permanent damage to my brain. I was in no shape to fight for my home, couldn't work enough to pay the lot rent. Thank God for my sister and brother in law, probably saved my life as I was considering giving up. There is no love here on this Earth, just specks of it in some people.
I have a friend who bought MH from the sixties and moved to a park in Tucson. It's built like a tank!
There is a really hot place for greedy people .
Happening all across the country. Trailer parks have sold off to corporations. Its disgusting.
3 parks were sold off in the Phoenix metro and will be replaced by expensive multi use developments. Phoenix will collect tons in property taxes and should pay for the move, $7500 doesn't even begin to cover it. Some of the mobile homes are so old they can't be moved.
Same with apartment complexes,it just happened to me, it's extortion
My new lease starting in March goes if I choose yearly at $935. with monthly costing $1650.
They change a couple hundred dollars from monthly to yearly.
I chose 6 months it's going to be $1200. right now I pay $703. per month,been here 10 yrs.
I went with 6 months so I can get the hell out of here before they take all my savings.
Make out of state ownership of these parks illegal for starters.
So take away more of our freedom? What else should be illegal, guns? Not in my America.
Pretty much anyone in the world can buy land in America. Sick leaders we have
Make out-of-state corporate ownership illegal period. That's why house and apartment prices are so out of control.
Yes. The out of state corporations don't really manage the properties and charge usury "rents." It's outrageous
It's capitalism. @sappysuds4545
Thank you for exposing this scam! I'm 60 and was hoping in a couple of years to move to a mobile home park but not now!! No way!
Find a mobile home park where you own the lot.
@@orangefield3171 never heard of a park where you own the land. Where is this magical place you're talking about?
@@IceLynne The 55 and older community I have a property in is in the Phoenix area.
@@orangefield3171 would you mind sharing the name? I'm 60 and looking for possible living locations in AZ or NV. My husband retires in 1.5 years and then we're moving to an area where I can do some rock hounding and hiking. I love the desert.
@@IceLynnelook into East Texas. It's so much cheaper to live there. Look into the Gladewater, Kilgore area
Greed is out of control in this country!! Why doesn’t every state have rent controls? Here is Oregon, Landlords are only able to raise rent a certain percentage every year and that rate is set by the state. Currently, it’s about 10%.
That's too high. It was once 3% in California but really, is it necessary to raise the rent every year?
@@beverlywhitaker2816 - I agree but at least there is a cap. My sister’s previous landlady never raised send the rent on existing tenants. She only raised it when a new tenant moved in. My sister paid $495 a month for a 2bedroom duplex with a garage for 10 years. Then the landlady sold the units. The new landlady has raised the rent the max amount for the past three years. My sister now pays almost $700 which is still below market rate. However, if there weren’t caps, the landlady could have easily raised the rent to about $1100.
The problem is the debt driven monstrosity of an economic system we have. It needs to be replaced. 😶
Because it’s a private contract between tenant and the owner. You’re asking for socialism
@@beverlywhitaker2816is it necessary to give you a raise at your job every year? First off, renting and owning property is a business, ,Ike any other, for profit. Second, taxes and insurance and maintenance costs go up so yes, it’s necessary to raise rent
Sad...it`s happening everywhere. My apartment lease went up $50. I already plan on working till I die, because social security isn`t enough. Oh Lord, be with us all. Amen
Heartless greed wins until the residents organize and formulate a defense.
This is going on all over the country. Mobile home parks used to be locally owned but the local owners started dying off then these out-of state corporations started buying them up and jacking the rent up into the stratosphere. State legislatures need to step in at this point and cap the amount lot rent can be raised. This business of jacking the rent up 30, 40, 50% every year is total b.s. It needs to be put a stop to.
What actually happened is the older local owners couldn’t risk rent not being paid because of Covid eviction moratorium and they panicked and sold.
Very sad for seniors.
Owners, go visit your properties, and meet these PEOPLE. Yes, the PEOPLE, and stop looking at your assets. Do you have food, clothing, & shelter? You are blessed. Learn what LIFE is really about...caring for others.
Exactly. The "owners" never even see these parks. It's ridiculous what's going on
Just another example of Corporate GREED! Retired people that worked all their life and wanted to live in peace, screwed over by money hungry executives, profit over people, how much money do they need
I live in a mobile park here in Illinois. The rent has been going up every year by $10
Now it's $20 a year! I've been putting money away to buy an acre of land land in my town, but some greedy investors are buying up all the land and building Gated communities so they can charge a Hoa fee's!!
You mean a Month not a year, some places it has gone up $60 to a $100. more each month.
@mjc42701 they are saying every year the lot rent goes up by x amount.. for example this year every month is 400$.. next year is 430$.. next year 480$.. that's what they are saying
@mjc42701
For the past 3 years since I moved here, it's been going up between $15 and $20
When I moved here three years ago, my lot rent was $320 a month. Now it's $365
@dblythe5958
When I moved here, my lot Rent was $320.
That was 3 years ago, and now my lot. The rent is $365 a month. It's starting to get scary!
@@Stephanie-vn6ir I know what you mean.. my dad has a mobile home in Indiana.. it's been going up in January for 6 years back to back... it's crazy and wrong.. these people own these parks in almost every state
Tiny home lovers pay attention cuz this is your future! It's one thing to pay property taxes forever. BUT this new renting housing and basic necessities that the whole economy and the world is heading towards is going to come crumbling down in a few decades😢
When Legacy tried to buy our over 55 park in Massachusetts from the family business that started and ran the park for over 40 years, the residents were able to buy the park. It is now a resident owned community with significant increase in property values. MA law allows the residents the first right of refusal to buy the park over the investor Legacy. There is a non profit that helps communities buy their parks with legal and financial support. We had to take Legacy to court to kill the deal with the owner and it took over 18 months but we got it done. Our state in this case created a good law. We had other parks that did not take advantage of this law and they are are up the creek with Legacy as owners.
Buy an RV and live on the street in front of the wealthy houses.
Like there’s not a law against that.
It’s being done on the entire west coast
🤔🤣🤣
This isn't new. Its been happening for the last 20 yrs. What all the states need to do is offer an assisted co-op buy out for the residence as a buy first plan before the Wall sters come in and buy it out.
Yes, they should have first right of refusal.
The same here. We had a very nice senior noble park and then some California company purchased it. Rent for lots goes up every single year.
Greed is so bad in America we made sports betting legal and advertise it on tv. Just saw on today they did a bit on all the bets you can make during the super bowl. Yes greed is destroying America.
What's the over/under on how many Taylor Swift cutaways we'll see?😅😅😅
That still blows my mind it happened.
The worse thing you can do is plant a trailer on someone else's land
Out of state, more like out of our country. Many are foreign investor groups.
Like China.
@@SpotTheBorgCat basically, yes. Chinese and Arabs.
IMO states should not allow out of state or country land investors.
So don't allow freedom? This is America not Communist China.
Free country my 👨🏿🦲
So less freedom? That's not American.
@@presidentcamacho No one is totally free until death, in the meantime robbing seniors doesn't sound too American or Christian either, maybe Prolife needs to include people outside of the uterus. WWJD?
@@dickberry3910 Free to rob people legally but not righteously.
Love this. The mobile home rental here went from $300 dollars a month to $1500 a month here. Crazy.
Greed will ruin America!!!!!!!!!!!!
IT HAS ALREADY.
Same in Wisconsin. Moved in a park in 2016 at $250 a month. Owned by a local person. He sold out to a company in California and rent has gone up $10 a year ever since. This past December, we get a notice it's going up $20. $310 is still cheap for a park, I know, but where is it going to stop? When it hits $800 a month? It's pathetic, the greed in this country is out of control. Especially for retired/senior people.
This is a problem happening all over , here in Minnesota it started about 10 years ago , what some of these companies are doing is raising rent as much as they can , cut maintenance costs and bank the profits . The profits are kept for the plans to remove the Mobile Homes and develop the land , so basically you are paying for the development they will eventually build . Over the years there has been lots of talk about States making laws about Ownership in cases like this but as soon as talks start the Corporate Money starts flying and Lawmakers no longer have time to talk about it . This problem has started happening with Corporate owned permanent placed homes also , that is why it is getting hard for a person to find an affordable home , The Corporations out bid regular home buyers because they look at it as a profitable business rather than a Living Necessity . The States will not do anything about it because it means more Tax Income for them.
The corporations have shareholders and all to often those shareholders are your very own neighbors who are investing in the stock market through their IRA accounts. It’s a crazy world.
Higher rent sucks. But the worst is yet to come for these folks. This is happening all over the country. And rampant here in Florida. It’s unreal and an absolute nightmare that these actions are happening to our elderly. There are soo many beautiful lake front mobile home communities here in Florida that have been bought out… rent immediately raised among other fees and were immediate crossed with empty promises. I know specifically because this happened to my mother(84)who is disabled and sister(64) disabled and retired law enforcement. Where some company hiding under a shell LLC based out of Canada bought the property and stated that they were gonna do such grand things for the community all while raising rent. (Palm Gardens - Tavares FL) Several months after nothing being fixed the rent is raised again. Same instance as this , everyone privately owns their mobile home - pays lot rent and utilities. Well after about a year and change the Canadian shell LLC decided that they were gonna change the lands usage and could legally evict everyone in which they did. Wasn’t a thing anyone could do. People petitioned the county board, contacted news and media outlets, even reaching out to Florida Gov DeSantis. Nothing..nada ..no one cared. It’s an all too common occurrence and as long as they do everything legally. And they sneakily get away with illegal stuff like harassing the tenants..turning their water off and on. Sewer issues. Etc. over 150 residents forced out. Sure they were legally given 6 months to prepare. And offered $1500 for their mobile homes take it or leave it. However at the end of covid and costs across the board that have risen. They luckily was able to find another place but at 3X the cost where they were. They had been there for nearly 20 years. Some of those people had been there since the 60s & 70s. My sister paid $12k for the trailer 15-20 years ago. Put another $24k into it over the years. Had everything from new floors to a new bathroom and kitchen etc. It had a decent value however the original base was from the 70s. The wheels and ankles were completely rusted and shot so there was no way in moving it unless everything was replaced and welded in among the moving cost $10k+ easy that they did not have. I can go on and on how horrible this situation was for us. And some others had it so much worse. Like the lady said…how much is enough..seriously..how much..are you willing to sell your soul and condemn another for something that is losing its value each and every day in this nation. We should be taking care of the sick and elderly. Not making them suffer…worry and go without the last remaining years of their lives.
Happening here in VA. Company showing NC base but all contacts in NY purchased 2 yrs ago, lot rent went from 230/mo to 265 to 385 in these 2 yrs. Promised to make improvements, put sign up front & that's it. Giant potholes in drive. Mail box rack collapsing. Trying to find legal recourse. I'm 74, most in park are older or young families trying to get a start. Googled company when they purchased park from local owner, all reviews negative & that they were greedy, only cared about money and didn't give a crap about residents. As a former business owner, i know you need to make a profit, but if this isn't illegal, it's highly immoral..
Corporate Greed is really bad. Its just everywhere
A private equity firm, bought out my grandfather's company in Hanover ,PA and Holy $hit, this is the same company!!! The lot rent went from $470, 2 years ago. Now this new lease is $690. The say they are located in FL and have an office off of Tatum Blvd in Phoenix, AZ. Thank you for shining line on this! This should be illegal!
Right around 2021 alot of new management took over everywhere by young buyers who are looking to get rich quick. And they don't care about maintenance or up keep, just charging more to put the most in their pockets.
Exactly. And there are literally zero laws regulating this. The out of state ger rich quick owners corporations can let the park go to pot, the roads disintegrating, garbage everywhere, do absolutely nothing and jack the rent up a thousand dollars every single year if they want and it's all completely "legal"! The "trickle down" mafia that's hijacked state legislatures is completely out of control in this country and need to be put a stop to.
Gee you mean right when the previous local owners realized that they could be forced to pay bills with no rent coming in?
What's the point of reporting it if you guys are not going to help elderly people.😊
Getting paid to just talk, talk, talk. I`m in the wrong business.
This resembles the situation of what occurred at 1208 san Pedro ne when Otter bought the storage building at that location. Otter jacked up prices and the facility fell to the predation of homeless burglars.
Stop calling it a "Housing Crisis" it's called GREED !!
Gas prices go back down , prices ease everywhere except Rent , Rent stays stagnant and goes Up Up Up when the economy improves
The housing crises is simple, the demand that is two times greater than the quantity of new construction of affordable living units,
America is not a country. It is a business.
Elevate commercial of San Diego, California. Did the same thing, they raised our lot rent 43% here in Ohio. Plus, charging us pet fees parking fees and "fines us" for anything that is wrong. I can understand if we're renting the structure but we're just renting a piece of dirt with a water/sewer line. GREED
I'm looking for Land.Whenever I see leased Land I legit laugh. This just proves my point
They’re doing this to our family of five here in Sea Air Village in Rehoboth Beach Delaware They have been taking peoples homes because they’re old and tearing them down at a rate of about 4 a month This place used to be the only family (kid) friendly in the area that’s affordable. Now they’re driving long time residents to replace them with tourist owned new single wides that they’re selling for 140k
We have until the end of our lease in April to figure out where we are going
SUE THEM FOR ' ELDERLY ABUSE'. 100 % GUILTY.
It’s not about greed, it’s about making money while they drive them out…. Sell the land to a developer and cash out.
It's greed AND gentrification.
That's the definition of greed
That is absolutely what they are working on
Wow, investors did that in my region (SF/Oakland Bay Area) and now it's considered one the most expensive. It's also created a crime wave as everything becomes unaffordable.
Yup and your area held an eviction moratorium for over three years. Actions have consequences and this is one of them.
@@BusArch42 Moratorium is over. Developers have other tricks tho
@@dubrc8577 it’s over but eviction for owed back rent is not until 1 February 2024. People don’t realize how long that situation drug out
Most of the developers and investors don't have to deal with the tenants face to face and even if they did I suspect they would not care.
It'll only be a problem when it starts affecting Amazon's, Walmart's, or any other large corporation's bottom line. If housing costs go up, consumer spending power goes down, which in turn, drops Amazon's and Walmart's profits. The fact that you're starting to see these movements suggests, to me, that special interest groups are funding campaigns against rent price gouging.
We need a report like this in the HOA and Condominium Board too, they charge its resident to the roof.
Harmony real estate buys mobile home parks and does very unethical thing once they own them terrible things happen to the unfortunate people living there.
Also in the Big City rents go up and fixtures go down the forgotten lists, its a sham everywhere
Need to change state laws everywhere!! International investors also buying properties. Govt must stop cirporate greed!!! Already millions of elderly homeless.
This can be stopped by your legislatures Talk to them.
Leave this country if you want socialism
@@dcg590 Don’t you have the slightest clue how much socialism you yourself partake in already in this country? You are being gaslighted by politicians who yell “socialism is evil.”
@johnjaco5544- I personally sat in a local City Council meeting where the councilmembers were offering tax incentives to investors/developers of "market rate" developments. Therein lies the problem....
I live in Fl and one of the snow birds I know has a very, very very small mobile home that she owns and the park has no frills....no pool, no club house....just basically a place to park your mobile home in a fairly small space.
She pays in the range of $700 a month (plus utilities) all year even though she is only here for about 5 months. She is not allowed to rent it out if she is not staying in it. And her house insurance costs have risen so much that she is not paying for any house insurance on it anymore.
And the owner of this park is local....not out of state.
Wow where in FL is this.
My lot rent went higher than my SS income, and there nowhere to put my trailer, let alone pay to move it. I too was in a 55+ park, so WRONG. I'm now living in my car. HUD housing has waiting lists years long.
And when a person becomes homeless in America that person is dealt with as though they are a criminal.
Everyone should ban together and stop paying rent !! They can’t evict you if own your own . Cost of removing the trailer would take years and media coverage would be great .
I agree…every renter around the country should join together and boycott rent. What are they going to do? Evict everyone and sit on vacant properties making nothing? I’d think they’d rather negotiate rents at some level to keep the rent coming as opposed to sitting on vacant properties. Every single person should stop paying rent. There should be a law established where no one pays more than 30% of their income toward their rent.
@@bradc1263 Landlords in some state are very vulnerable and hold huge liabilities . If just half the people stopped paying rent they would default on their loans . There is some non profits groups that have worked with these renters to help buy them out and create co op trailer parks .
@@garza7676 I, completely, understand your point, but here's how I see it. Anyone who owns a property that they do not live in as their primary residence and are using as a means to make money off of others...are part of the problem with real estate and that problem is creating so many unnecessary burdens on our society that those people should pay the price for the destruction they are causing in peoples' lives and our society/economy. I have no sympathy for real estate investors or companies using housing to suck society dry. I don't know the figures, but I'm guessing 90% of renters in our country are spending more than 30% of their incomes just to keep their rental roof over their head. There should be a law that no one pays more than 30% of their hard earned income to keep a roof over their head...otherwise, they risk not being able to afford any other necessities in life. We have millions of people now being pushed to work multiple jobs just to keep a roof over their head...forgoing their health, forgoing a proper diet, forgoing vacations, forgoing RNR, forgoing an endless list of things they should have in their lives...all to pay their rents. You know everyone has a priority list....people cut cable because they could and still live comfortably...it was way at the bottom of most peoples' priority lists. Having a roof over your head at night and a safe haven is, likely, right near the top of most peoples' priority lists....it's something we just can't live without, so we have to pay whatever we have to in order to keep it. When rents are being raised to a level where most people are now being gouged and financially drained, I have a problem with it. When there are people who own real estate as an investment tool, out living large every day, not really even working a job, because they can just sit back on autopilot and collect rents to fund their lives, that to me is just wrong, it's inhumane, it's deplorable and those people should feel guilty that they are funding their lifestyle off of the pain, misery and sacrifices of others. Those people are not doing good works for God and better be praying for forgiveness, as they are committing terrible sins to mankind. Housing should be a right....not a financial prison for the majority that has been hijacked to fund the lavish lifestyles of those fortunate enough to have the money to hoard it all.
Fing awful for seniors living on a stipend. That's my problem also.
"Greed is not a sustainable idea"
I think real estate investors are looking for any square inch in this country to drop their money. Plus, there are housing companies willing to take their money also.
I feel sorry for these people but I also feel sorry for all of us. Everyone's rent is skyrocketing. Food is 2x as expensive as it was a year ago. I own my home but my tax and homeowner's insurance have went up $3,500 this year so I'm paying an extra $300/month. If the greedy narcissists that own all these companies want to jack up prices then they have to increase wages too otherwise they won't have any customers. They can't have it both ways. You can't charge 2024 prices while paying 1994 wages. Case in point I was just quoted $45,000 to do some landscaping and driveway work. I did the calculations. They're only paying their employees $22/hour and at that rate their labor costs are only about $3,000. Materials for this job are negligible, around $4,000. Where's the extra $38,000 going? Into the greedy narcissist's pocket. I understand they have other business expenses but come on. The greed is just fricking ridiculous.
We just got 80 increases in Colorado
We are buying land and moving or just selling and moving out of state
This game is nationwide for seniors
So, basically, the parks are being bought by inexperienced, "took a seminar" opportunists who think they're going to suddenly move up in the world by exploiting their newfound, pre-existing, consumer base. 🤔
It's VERY profitable...for the people selling the seminars.
Not creating *potential* social problems, creating *REAL* social problems. Not sure why one needs to be beating about the bush on this - it's pretty obvious and clear.
We got new owners in Florida my lot rent went from $400 to $600
Insurance went up 30% for regular homeowners. This is no surprise. Unfortunately Bidenomics allows corporations to reign as they please.
New Mexico has got so expensive everywhere. 1 bedroom apt are 1k -2k
WOW. 730.00 LOT RENTAL ? WHAT A SCAM ...
Trailer park rent is increasing to force residents out. Then they can resell the property for apartments. Since it's already zoned multiple family residential it doesn't need rezoned.
What about the apartments that are 3600 in Santa Fe and Los Alamos
Interest rates are higher, so investors are pass that increase along to their tenants. Especially Investors with commercial loans That have varying interest rates.
Life Liberty and the Pursuit of Happiness - This a human rights issue
Oregon passed legislation to make it harder for parks to take people's homes, esp. w/o fair market rate compensation.
It was so bad way back in the 90s that 100% of the homes in some parks were owned by the park, who jacked up the space rents sky high - knowing people esp. those of fixed incomes couldn't afford them, added a hundreds to thousands of dollars in fees, filed to evict then used the courts to either force auction sale of newer mobiles (which they snapped up cheap) or flat out give them older ones made before 1977.
Never enough
These places get gobbled up by mid level, cash poor, Wolf of Wallstreet want-to-be investers all of the time. They run the place into the ground. They jack up the rents. They clear the place out and start fresh. Charging $2k a month rent.
Will higher income people who can afford these ridiculous rents really want to move into these rundown rv parks with old units from the 1980's? They might be interested in a higher quality place to live.
I would 100% buy my own land and put it there
Welcome to the land of Entrapment
In some cities it makes more money for the park owner to see the land to a developer and build high rise apartments.
It is NOT just your state, but sadly, All states. This "out of state" owners is Really Out of Country Owners who Buy a Name/License for a company and have a front agency to oversee it. Our Country is being SOLD from under us all! This Should NOT BE Allowed for any company/person that is NOT a Citizen of the country they want to buy land/property in! That Includes Americans doing this on=verseas, I believe in China you Lease NOT Buy the land--Same should go for America! But NO Foreigner should be allowed to KEEP the Citizens from buying/renting a place to LIVE because the foreingner or company keeps RAISING the COST and Making Americans Homeless. Our Government Should, like wise, TAKE CARE OF OUR CITIZENS_ ESPECIALLY THE VETERANS BEFORE ILLEGALS!!
Studio apartments going for 1600 in Santa fe
😢😮😂 did you notice he said corporate we don't not need corporate that's where we have gone wrong we do not want corporate anymore when you go corporate you go big money 💰💰💰
the lot rents here in naples florida go for 1100-1200 a month . isnt capitolism great???
Unfortunately taxes, insurance, materials and labor have all skyrocketed so the increase is passed on to the residents. There is never any security in renting a home or a MH lot. All the years they paid lot rental doesn't give them any ownership, just old MH's that are expensive to move if they are even legal to move to another park.
They go beyond passing on the cost increase, they charge as much as they think they can get away with, there should be some regulations put in place where the owners can make a profit without overcharging just because they want more $.
we as Americans need to fix this housing problem fast the billions and billions we are sending to other countries for them to have housing we should be spending that money for Americans can have affordable housing.
Lawmakers are supposed to stop stuff like this in its tracks but they’ve been bought and paid for 😢
Great investigation report❤
Great report great information.
The residents should have first right of refusal to purchase the land.
Im glad that a news outlet FINALLY talked about these investor groups: their stated plan is to pillage as much as possible from seniors, because they know its harder for them to move. One had their workshops on RUclips, explaining happily how they raised the rent so high, that seniors with newer expensive homes were forced to abandon them, leaving the investors a huge profit . And more.
There should be a law that says if you own long term rental homes you have to live in the state those rental homes are in. Your tenants have to have some way of getting things taken care of and if there are relying on businesses that aren't doing their jobs then the owners need to be held completely responsible for what's happening
I pay 750 just for lot rent on the Se side of Albuquerque 1000 per month they want. I don't even have a fridge or oven that works😢!
Is it legal to have a month to month lease with no 12 month option?
Depends on the state. It's legal in New Mexico
Yea in cloudcroft n.m. 2004 paid 350.00 month 400 square feet studio apt by 2013 485.00 month it is now a 585.00 a week cottage I was the first tenant there when they opened up that was on 101osha trail glad I got me a old r.v to live in rent rate freeze needed now!
I live in a small 55+ MH community that has stayed in the same family since its inception nearly 60 years ago. 17 lots, 5 lots are owner occupied while the remaining 12 lots are rentals. City water-sewer-trash pickup. Everyone has a separate water meter. $250 a month for lot rent, probably the lowest in the region. Well maintained - we take care of our own yards. All caucasian residents. Next closest MH community has about 60 spaces, marginally maintained, predominately Mexican - Latin American residents with just the lot rents in the $600 range. Brand new 'starter homes' in this area are going for $350,000 plus.
This is always a scam, just like time share.
Welcome to the great reset.... “you’ll own nothing, and (supposedly) be happy!” 🙄🖕
When Washington is full of greedy power hungery people so is our country. This is a fact that will not change until Washington changes for the better. This is just my opinion. Gid bless.
It's the state legislatures allowing this completely entwined with the corrupt out of state corporations "hoas" banks lawyers etc. The housing market is completely rigged in every state and the state politicians play this game of blaming it all on Washington when the state legislatures are the one taking bribes from these out of state corporations screwing their own people. We need to start telling the truth about it. The problem is the trickle down mafia and they're in control of state legislatures.
The state legislatures could put a stop to this kind of exploitation of our states senior citizens. WhY DON'T THEY??????