More Investors Are Buying Mobile Home Parks, Leaving Residents Behind (In The Loop)
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- Опубликовано: 4 июн 2024
- Mobile homes - one of America's more affordable housing options - is now a target of investors. More than 22 million Americans live in them, but policy experts say they could face up to a 70% rent increase depending on the investor, giving most residents no choice but to find a new home.
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We saw this happen in south FL a few years ago. A trailer park sold to a company planning to make apartment buildings in its place. The residents couldn’t even afford to take their own trailer, and regardless there was nowhere to take it to in SFL. The apartment buildings made in its place were ridiculously expensive as well so it was completely inmoral in my opinion.
If we don't have affordable housing, we will not have economic security. This includes teachers, policemen, firefighters and state workers. This is not just about low wage earners. The real concern is half of the country makes $35,000 or less. This is scary.
That half (the poor half) is being disarmed, so they don't matter.
I own my mobile home in West Virginia and I pay pad rent. The park was sold over two years ago and pad rent went from $155 to $430. I refused to pay it without a lease or some sort of agreement and I understand needing to increase the rent but not that much now they want more than that! This was a nice little park with about 30 mobile homes now there’s about 20 or less and a lot are now owned by the park. I’m also 63 and disabled with nowhere to go as there are no apartments available anywhere.😢
I'm about to retire and had planned for years to sell my house and buy an RV. Now I'm staying in my paid off home till I rot.
Yes stay right in your payed off home...I bought a stationary RV ...lived there for 3 yrs lot fee raised 2 times and continues to raise every year.....
@@fnfb-siderewritten1707 if you are of color just let them know they are violating your civil rights! That usually gets u ALOT of hand-outs.
That's pure evil.
When these investors buy these parts they should be made to pay the tenants for the mobile homes that they own and what I mean by pay I mean pay the price of a house then this would stop
Another example of corporate greed,but what can you do?The government doesn't care.
The government is behind everything bad - Their slogan is: Let's Make Americans Suffer!!!!!
It has become a real racket.
Our RV Park was first bought and owned in 1968. The owner gave it to his children to take over when he retired in 2005. The son just sold it in 2022. The new owners are taking out trees, bushes etc that housed endangered species. (Bald Eagles, gopher tortoise etc). We had a Bear and 2 cubs living right next to a car port of one of our neighbors. The momma bear used to growl at me and my dog if she thought we were to close. I couldn't see her but could smell her. A musky smell. Sometimes it would be a stronger smell and we all knew that was the male.
They never bothered anyone. They would walk the Park at night when we all slept.
We have an elementary school right across the street. So when they left the grease pans out at night the bears would walk over there and drink out of them. Any food left out they of course would eat.
The Palm Trees with the berries on them helped fed the deer and bears in our woods. They removed all of those berries and under brush of those trees they left. Out front they topped of the one palm they left. Now its dying of course.
They raised our rent from $325 a month to $610 a month. Snow Birds used to pay $75 for storage now pay $300 for storage. At our meeting the day after they took over in Aug 2022 they even said no more storage. How can you charge someone electricity and water if they aren't there for 5-6 months?
Yes all these investors are greedy little "B".
Fanny Mae and Freddie Mac are to blame. They need to call on these investors who have over $100 million and make them pay on all their notes and bankrupt the dog poo out of them.
Government needs to Step in...This needs to Stop
perhaps you did not watch the video. the government is subsidizing this! the government is sadly no longer for the people.
Government is probably behind it materhead.
gov't folks investing in these also
Have you done an update on this story since it's been a year? I think you would be surprised to learn it's way worse now
Oh I believe it. Alot of these neighborhoods have gone downhill and are so expensive to just even pay lot rent.
Get your mobile insured, or atleast the contents ( exaggerate what you have ) to optimize the money you will receive if anything ever happens ( or if the park raises lot rent above what you can afford )
This way if you are pushed out, instead of the park getting your home......allegedly, they would inherent a pile of blackened wood
Lido the insurance company in order to profit…it’s illegal, immoral and dishonest….and you are OK with advising it as a solution?
Lie to…sorry
It's also ironic that they won't loan individuals money to buy a mobile home but they'll give money to Big corporations to buy the part from under the people sounds like time for another lawsuit against Fannie Mae and those other lenders
But they give money to the left for laundry duty
I've been trying to educate individuals about Fannie Mae fo year's now my friend.
Blackstone corporation. Owned by the chosenites.
Mobile home palks are the very esseence of exploitation. ITs a slave/ master situation nd anyone who buys them is a schiester ,But the good news is this is not sustainable and the entire system is going to collzpse. = leading to affordability while investors lose big time. MArk these words
They bought ours in muscle shoals Alabama and tripled their MONEY....
1:04 Where do we get the 13% Incresae... looks more like a 130% Increase????
People should have the right to be independent as long as possible and the hard work they put in to buy and pay off their homes to be able to live on their income.
and have the $1500 iphone too? and the new car with 800 moth payment too?
You want peasants to be..... independent? Thank God voting is a lie, or people like you would actually have a say!
People in California are rushing to buy a mobile home their Hot 🔥properties right now especially if U live in a 5star Park....
Crooks. What country are we in? 13% isn't even close to hikes in rents. In last 2 years, It's more like a 50-75% increase.
if its only a 13% increase in my area thats a BIG bargain
Shame on these Parks owners for doing this 👎👎👎
Landlord and investors have been calling me texting emailing and letters in the mail wanting to buy my payed off house like I am going to sell and go pay rent do I look like a suckerburger
What does that have to do with this video?
Who are these investors? Are they from another country? Who is buying America?
Ths is what i want to know...who in the hell are these people all of sudden buying america out? 🙄🙄🙄😫😫😫😫
An investment firm out of Texas, just bought the park I live in. I live in Ohio. The company took over this past January 1st. Lot rent has increased twice since then. We're in the process of having our mobile home moved.
@@brianhoward3947 That's ridiculous. Good luck on your move!
@@diamondcandy3057one is Lamb Investments.
We need affordable housing, and as someone who's looking at acquiring mobile home parks, rent increases would only be in accordance with the rate of inflation, we need to ensure that people have an affordable place to stay!
We need a law capping rent and return the amenities of why to live there. Thousands of people are being effected throughout the USA.
Haven park doesn't care about the hardships caused by their greed.
I would like to see if there is a way to keep my fence that I’ve had for 20 years. And they saying it can not be grandfathered in. Been here for 30. Live in presidents park in Grand Forks,ND. Yes communities out of Colorado has taken over the park. Lot rent has gone crazy high along with a lot of the rules that they are trying to imply like.
No basketball hoops in your driveway
No window ac units
No tie outs for dogs or runners.
No kiddie pools for your kids
No bikes can be left out at all not even left in the yard
No campers or boats aloud to be parked in your driveway
To top it off they advertise to move in and make it your own. How do you go about that when they are taking it away from people that have been here for many years.
same here in MI, Yes Communities says family friendly community, what a joke, more like stay in your house do not socialize, nothing but home on lot, no flowers, no furniture no nothing allowed.😡
You will probably need to get all of your paperwork from when you first moved there, and the new paperwork from the owner and see a lawyer.
Corporations are machines. They use bully tactics. A lawyer is the only way to stop the machine.
@@debbiebrewer6623Same here in CA. Everyone's afraid to talk to each other. Forget saying hello when you're walking on the roads together. It's a gated community that allows the riff raff in. Corporations don't care about that though. They just want the space rent.
Your fence lol
My God were talking about ppl losing their homes and you're talking about your fence
We can thank Warren Buffett and the people at HUD for the rules and regulations we have nowadays
Thank Ronald Reagan and his policies
I love your videos.
Many are people that have worked a life time and may be ready to retire and take life easier. You don't know or care that many planned to cut back and retire to relax and enjoy a bit and not work 40 plus hours a week.
How will you be when you are 70,80,75 want to lay back a bit?
And they call us criminal....
Both owned by government and they want them gone to build condo or apt. Why isn't there a cap on rent and a law that helps people own and the rent should cover maintenance of the yards, sewer,trash pick up and consideration of affordable homes for elderly,handicapped or anyone that chooses.
Mobile homes are not trashy unless the people have a problem.
Our problem is a London based LLC that has targeted over 10,400 mobile home parks in the U.S. alone & more than 600 of them just in Florida. Specifically, over 55 communities where the resident 'Home Owners' are already barely surviving & living on 'FIXED Incomes'. Easy targets. Then take notice of the (Temporary) 'Pass-Through Tax' of 2017 and you will see the how's & why's of this sudden rush to gobble up these properties. My most recent research indicates that this legislation is scheduled to END in 2025. The 'pass-through tax' was described as a tax to help 'American' 'Small Businesses'. These companies buying us out and making Senior Citizens Homeless are Neither 'American' NOR 'Small'. Here in Florida, Home Owners who are renting the land have NO Protections from either the State or Federal entities. We are being forced to pay taxes for land we Neither 'OWN' nor Profit from.
I know fam and others who rented a mobile home and owner it any but all moved or passed away so space was emptied or sold to whoever and fam got part of sale funds and so last was there was to help bring any stuff home and never went back cause no reason to now.
I need to find out how to invest in ownership of mobile home parks
You gonna Jack up the lot rent like these other blood suckers?
i would have an estate sale and sell everything salvageable out of the home and scrap the rest
Shame on the sellers for selling to these vultures. They don’t care what happens to the folks who have supported them for so many years. Greed is devastating the world.
It's not just mobile homes- they are doing this in apartment housing too!
No different with apartment buildings. They know people can't just pick up and move. You are tied to a job in a certain area and there is limited places to go.
First thought that comes to mind is yes communities. My neighborhood has turned into s corruption and greed. I cant wait to leave.
What about those of us that own our homes and want to keep it.
Maybe the days of trailer parks is going to end , Like drive in theaters are gone
Being a renter never has security..
To not be prepared for rents going up
Isnt very smart...
But they choose not to buy property..
The love of money is the root of all evil. Money is apparently more important than human lives.
This is why you NEVER put something you own on land you DON'T.
Clearwater Florida .. An Investment Group from Chicago Bought {6} Parks in Pinellas County .. They IMMEDIATELY Raised Our Lot Rent From $568.00 a Month to $900.00 a Month WITH ZERO UPGRADES or IMPROVEMENTS. Most in the Park Are .. Seniors on Social Security * Disabled People on Disability * I Got OUT .. The Day I Left, There Were {4} Abandoned and {74} FOR SALE. THANK YOU DEMOCRATS!!
Its not democrat or republican, its the corporate uniparty.
And what party runs florida again?
@@writerconsidered . They Came From CHICAGO . DEMOCRATIC CHICAGO! They Took the Money and RAN! They Finally Offered EVERY Mobile Home Owner $5,000.00 For Their Homes - NO MATTER HOW MUCH THE THE HOMES WERE WORTH .. SOME REMODELED AND WORTH $50,000 Up! …. 4 YEARS LATER - and NO DEVELOPMENT, NO APARTMENTS, NO CONDO’s, JUST EMPTY LOTS, and Alotta Homeless Seniors on FIXED INCOMES
Homeless
Buying a mobile home and putting it on some one else’s land is inconceivable bad decision and this is what happens down the road
Not always.
@@Machiave11i - unless you get a good clear 100 year lease... always bad
@@Machiave11i Never place something you own on land you don't
Both democrat owned and operated driving elderly out of homes as well as handicapped, young starting out without concern of their well being health or financial
Yes what they didn't get with the Virus let out on us and then the jab the rest of us left they render homeless. But I must say its both parties...Left in on the plan but right refuses to change the laws...there is only ONE party. The Faux 2 party system is merely a disguise to divide and conquer the rest of us.
This is immoral.
People need to realize that trailers are not the best homes to live in. They are cheaply made and are not a good place to raise children. People who live in trailers have given up on life. People need to use this as a drive to do better in life
You obviously are not very informed about all mobile homes.
This coming from an obviously entitled person. Why are you even on this video? To cut down the people you think are less
Mobile home parks need to be closed, leveled and land sold to normal sub-divisions. IN most states, MH owners pay very little in school taxes and yet have a large number of kids in the school system. NOT FAIR to the actual home owner.
MI for example, when I live there received three dollars per month for a local school district.
Solution is to do away with them, if not, appraise them for their sale amount and charge school taxes appropriately.
Kevin the guy talking at the end of the video sounds like the normal liberal...enough to make actual taxpayers get mad and want the parks leveled. Besides WHO CARES if they are pushed out of the parks?
Families do deserve a place to live, but the families have to PAY for it; not the people down the street living in actual homes.
This doesn't happen in a socialist or communist form of government. In fact, homelessness is less of a problem in communist countries because everyone has everything they essentially & basically need, and performs all the work tasks that they can; and that the community needs. In Capitalism, everyone does not have everything they need because there are different socio-economic classes based on income. In a capitalistic society like the USA, the rich can get richer while the poor can get poorer; as we can see in this video. Maybe communism and socialism is the best thing for everyone on a global scale. China and Russia don't have a major problem with homelessness like the USA.