The land lease system has always been an anchor to upward mobility of lower income families but in this context it's just like...blown over because it's Laguna beach. Beautiful style. They did a wonderful job with their place.
It’s laguna. Same area as 3 story mansions overlooking cliffs with rotating floors. To live in that area, how they are, that’s a steal. That’s California dreamin. Trade off though is the COL obviously. Happy for them. I was born and raised SoCal. Would never return after seeing the rest of the US and other countries. Ignorance is bliss.
I live in So. CA, have my whole life. Mobile home parks, lot leases away from the beach is around $1500 so $3400 is not surprising. I live in a 18,500 resident 55+ community around 30 minutes inland from Laguna Beach and my monthly HOA fee is $815. The housing costs are very high in CA.
If you don’t own the land then it’s pointless. Look up all the recent news reports of mobile home owners of decades having to leave because suddenly rich people decide they want the land they considered once worthless , especially in a location as nice as this
Yes, there are many places where mobile home owners are being forced out by greedy corporations acquiring rental properties then jacking up the rents. Luckily in Laguna Beach, the rent control laws apply to mobile homes, so that 3% annual rent increase referenced in the video is the maximum amount their land lease can be increased. When the housing market - both purchase and rental, increases exponentially on vacant units, that rent controlled annual increase is still lower than what most of us anticipate the housing market will be if we're moving to a new home.
Laguna Beach is such a lovely town. I want them to come decorate my house! Theirs is so gorgeous. The backyard is amazing. Adorable couple, adorable dog, adorable home.
If they paid market rate for a stick built traditional home, the initial cost would have been exponentially higher. If they even qualified for a larger mortgage, the associated finance charges on that larger amount would add up to way more than their land lease. Add to that higher property taxes on a more expensive home and higher insurance premiums on a higher value value home and you're still coming out much further ahead with the land lease. You don't recoup your interest payments, property taxes and insurance payments when you sell your home. With the ever increasing housing costs in their area, mobile homes are no longer loosing their value, so all around it looks to me like a good investment, especially with the improvements they've incorporated.
@@jekalambert9412 You seem to be forgetting the fact that you would have a home that would have appreciated over time that you would own outright. The gains in property value outweigh the other associated costs. Whats most laughable about this dumpster fire is the absurd amount of money these folks spent on a backyard that they do not own. WILD! And there is only so much you can get for a traier unfortunaltey that ceiling is low and it seems as though they will not recoup that either. God bless.
@@RC-wt7fr Mobile homes in California DO appreciate. As the housing market here becomes more and more inflated, mobile home prices continue to increase. The average cost of a mobile home purchased in 1970 was, according to HUD, just over $6k. Admittedly, this is vague because there's no breakdown for square footage or region, so we don't really know how much the initial cost was for the home in the video, but with a recent purchase price of $212K, it definitely didn't loose value. To calculate return on investment, it is necessary to calculate expenses associated with that investment. You cannot ignore finance charges, property taxes, insurance, maintenance and improvements. Again, on a more expensive property, these costs will be higher and you will not recoup your expenses until the home is valued much higher than the purchase price plus expenses. We all know that in the initial years of a mortgage, most of the payment is applied to pay interest, not principal. If the market drops, many stand to loose a lot, weather you're talking traditional or manufactured homes. In an inflated housing market, buyers usually lack cash to purchase a home outright and often do not qualify for financing, so they make choices based on what they can afford, as this couple did. Based on the comments, many have indicated that average homes in Laguna Beach cost almost $3million and average rents are upwards of $8K per month. At least this couple is paying less than market rate for their home, they're building equity, they get to live in a beautiful location, and based on the trajectory of the housing market, one can assume that their asset that will continue to appreciate - especially given the interior and exterior improvements. You also cannot dismiss the fact that they would have housing costs wherever they live, so by paying less than market rate, they are actually saving money long term vs what they might have paid for equivalent housing in the same area.
I’m in Huntington Beach I’m a block away from the beach and my land lease is $1400/month. I have a back years fruit trees. I love my trailer. I paid $94k
True this is the stupidest decision. You can tell it was all her idea filled with greed. poor guy. I would’ve kept the boat and bought a realistic house in the oc which is near laguna 😭 smh
This is the worst financial decision someone could make. Trailers only depreciate, they don't own the land and yet you need to maintain it, pay utilities, and a loan for the depreciating trailer. This is exactly what not to do.
It’s just not about what will get you the most when you sell in a hundred years! Some people actually like to experience life today lol. You should try it!
I’ve had the opportunity to live in Laguna from 2018-2023 and my quality of life was incredible during those years. Definitely a special town glad this couple is enjoying their experience down there as well!
3400+3% on top of it year over year. By the time they pay off the trailer loan they're be paying $5000+ for the land if the developers don't kick them off before then. They should never have been featured here.
Lots of haters in the comments. 38 & 42 years old…probably not planning on having kids, why not live in a little slice of paradise. They have jobs that allow them to live anywhere. Doesn’t seem like they have to worry about their current living situation being an investment. They can probably sell the trailer for a decent price if they decide to move in the future
I think the only reason the trailer wasn't $750k already was because of the insane land rent. That may make it a hard sell as the landlord charges more and more.
I'm wondering how the land lease works. Does it stay at the high rate that the current renters pay when they sell their home, or does it decrease to some kind of base rate for the new owners.
To the haters they lived on there boat few years enjoyed it and I’ve been to Laguna beach many times love it there and for them to make this trailer there own inside and out they are living a happy life and beach is so close I applaud them
Many folks commenting here most likely don’t know or have never been to Laguna Beach. It is a gorgeous small beach town and very expensive. Te couple featured in the video is very creative and found a way to live in their dream location. I may consider the same as I love Laguna Beach.
I was always told to avoid land leases at all costs. Interview some people who had a home in crystal cove (5 mins north) about 10 years ago. They learned the hard way.
Laguna Beach is my favorite spot. I drive over an hour down from LA. For those whinging about the cost of housing, it's a steal for Southern California. My brother just rented out his 2 bedroom house in LA, 20 minutes drive to the beach, for 6K. And that is BELOW market rate. Most houses in his neighborhood are renting for 8K!
Sounds expensive at face value. But considering how California is normally expensive (this is just a slight premium on top of regular renting), how beautiful their home is, and the fact that they located exactly where they want to be in Laguna beach, $5K seems like a great deal.
And with all the maintenance they have to put into it… ummm.. not a wise choice. I lived for a few months in a beautifully and impressive trailer home that was bigger and more amazing looking than this one in california with an entire front of glass windows from top to bottom, and trust me, not worth it. The construction is very poor and I accidentally broke 3 doors because I wasnt used to having to be so delicate with the doors.. i lived in concrete houses my entire life.. any house takes a lot of time and money to keep up… so no.. not really smart.. and much less if theres no chance of you ever being able to own it. better to live somewhere else as equally nice just not in front of the beach for less money and just save for amazing vacations… in my opinion
Trailers rock! Love how you styled your home as well as the landscape! California, despite all of its nuances, is absolutely beautiful by the beach. Congrats to you both❤
I live in a mobile home retirement community in Tempe,AZ. I thought my land lease was high at 800 a month😮 but would love to live in Laguna Beach! Beautiful home!
I can see their vision. First thing I did when I moved to So Cal was build out the backyard like these folks did. No need for a lavish house when you’ve got the Cali sunshine pulling you outside all year. I’m seven years into owning my little 1888 built fixer upper and I’m just now getting to the interior updates after working through my outdoor projects.
Their home is beautiful and I love they thought outside the box. I'm confused on the leasing the land part, especially because it goes up 3% every year. You own the home, but it's not really yours because it's on a plot of land that you can't take so you could actually have to move it somewhere else, and they started off the video by saying they couldn't afford anywhere else. To each their own, it's a beautiful space. They have invested so much in the actual land, because the outside space they really build up from installing a fence, jacuzzi, landscaping etc.
carmellabrown3335 It’s really not that beautiful. It is HORRIBLY decorated on the inside with all that ugly wicker furniture & it looks like a house in the 90s. The outside is ok.
They are invested into this POS place. In 5, 10 yrs they will regret their decision as far as their housing choice. 100% Wait....no closets??? Omg I'm dead
In 10 years they’ll paying $5000 per month just lease the land which will never be owned. That’s not including the $1600/month mortgage and any HOA fees. There’s a reason trailer home prices have barely gone up in the past 40 years. Ouch!
This is extremely expensive for most people. If it sounds too good to be true, it is.... this exemplifies this quote. 3400 x 12 = 40,800 and is going up 3% not including the mortgage.
I clicked on this because I saw Laguna Beach and $212k home. I laughed when I saw the landlease cost and all that money thrown away. I don’t think that’s smart because they can’t even write this off their income taxes!
Great Investment! ENJOY YOUR LIFE!! AWESOME! MONEY BACK ISN’T ALWAYS CONSIDERED “AN INVESTMENT”. BRAVO 🙌🏽 My husband and I of 50 years stayed many times at CRYSTAL COVE. With our ginormous travel trailer ! Now looking at motor homes😃😃!!!!
Those prices 🤯 I moved abroad five years ago. I live near the sea in a one bedroom furnished (plus small spare room) apt. I pay 480.00 and watch sailboats, dolphin, porpoise, swans, seals, otters, cranes etc
Such a cool space and being able to walk to the beach is huge. I love how they got creative with their storage. They could even airbnb it later because of the prime location.
Most mobile home communities do not allow subleasing or short term rentals, so Air BnB won't be an option - THANKFULLY!!! The short term rental market has contributed to the housing shortage in CA and that in turn has driven up rental prices for everyone.
Yes, but it won't have the fabulous yard they have and the views outside. They feel like they are in a "home" not an apartment. They have space around them. They probably looked at all their options and decided this was THE ONE.
I think it's a beautiful home. They have the beach and a beautiful life. I love it. I think it's cool they can move their home since it's on wheels. It's still expensive but way cheap for the location considering.
Jealous. They can't stop smiling! That's so irritating! It is fabulous. It still costs a good amount per month, but it's fabulous, it's worth it and more. I wonder if the owner of the land can decide not to renew their lease or raise the lease an exorbitant amount.
They should move the home over to West Virginia in rolling hills, and one month land lease payment would actually pay for the land there, so they wouldn’t actually be paying anything each month because the trailer is all paid off
Brian has a job that pays him more than most of those posting negative comments about wastefulness. This couple is living on their own terms, congrats doing it at a place you love. Also, nice job on the 15% discount off listed price.
Beautiful ideas, we disregarded a mobile home but lacked a vision when we began late on starting our family. We still learned from our five moves and two non forest related fires in CA, with our children, to being practical and having key luxury items, our closets have drastically reduced too, just keeping the best. The kids are still in the early single digits so eventually will need open outdoor space to continue to burn their energy much like your outdoor space with breathtaking views. Congrats on your eternal vacay home! True we may have to rethink the rent space separate from the monthly mobile home. I’ll keep this vid in mind.
It’s all about location, location, location, but OMG the price is outrageous! The scary thing is with these parks, the land owners can increase the lease as much as they want and/or sell it to developers and kick all the residents out!
Beautiful trailer. Very well furnished and perfect location. The land lease is super expensive and that’s something that’s kept me away from making the move to a luxury trailer.
But seriously how do you find a property like this? I've lived in Laguna Beach, and even that house, but easily be over for half -1 million. My friend had a TINY apartment that was over $1000 a month. Yeah she basically slept in her kitchen. You have to wonder how much of those stories are actually just completely made up or exaggerated.
Lots of mobile homes beachside in Southern Cali. Just search any real estate site for mobile homes and use the map feature. The monthly land rent is very expensive though.
In 2022 I moved inland in southern California to a 1040sf mobile home, and it's the BEST place I've lived. My Wisconsin relatives were pretty snooty about me moving into a "trailer park" until they found out that my next door neighbor is a lawyer and another neighbor has a PhD in education and is the former superintendent of a Milwaukee suburb school district. All inclusive, land lease, insurance, taxes, utilities etc., my monthly housing cost is just under $800 a month. I have 2 bedrooms, 2 full baths, LR, DR, eat in kitchen, formal entry, more closets and cabinets than I have things to put in them, a 8'x40' covered deck and other nice uncovered outdoor spaces plus a storage shed and covered parking. My rent includes access to a clubhouse with a heated pool, fitness center, 2 hot tubs, a library, game room, laundry facilities, BBQs, and a dog park. I own my home free and clear. Compare that to my previous home, a $1500/month 600sf detached rental house in Sacramento CA with numerous code violations like a leaking roof, rusty water from all faucets, raw toilet sewage overflowing into the back yard, mold, windows that didn't lock, a crumbling foundation and an open parking space under a tree where turkeys roosted and pooped all over my car to the point that I had to wash my car every time I went anywhere. I was forced to move while that house was renovated. After renovations, that house rents for $3k+/month. I feel like I currently have the best housing deal in my life. I paid just over $50K for my mobile home and have put approximately $60k into renovations. It's beautiful and comfortable. I have more stability than I've ever had anywhere else in CA. You couldn't buy a comparable stick built home anywhere in CA for what I pay. Stick built homes, being more expensive, have a larger mortgage with higher interest expenses, higher property taxes and higher insurance costs. When you factor in the higher costs associated with stick built homes, my land lease cost is way less per month than the out of pocket expenses owners of a comparable traditional home would pay. What outsiders don't realize is the context for housing costs in CA. Think about NYC with outrageous rents for tiny awkward spaces and you start to understand the CA housing market. When you understand the market, you appreciate the housing choice the couple in this video made for their beautiful space right next to the beach!!!
The land rent is ridiculous though. I don’t get it! Mortgage payment for the trailer than a larger 2nd payment for the land. They’re probably paying upwards of $7k per month. Not a good investment in my opinion. Happy it works for them.
There is a similar thing in the Bay Area. Newer parks will advertise small, nice looking places like this for relatively cheap, but you dig around and find out the minimum lot rent for a month is at least 2-3k, and the value proposition doesn't seem quite worth it. If you want to live in Laguna Beach though, this might be the way. My main question is as such, I'm curious if it would be viable, as they get older and need to retire, to transport the mobile home out of Laguna Beach and onto a little piece of land somewhere in rural california, and then just run utilities to it.
Wow they can buy so much somewhere else for 5k a month but they are also where they want to be and found a way to stay there so sometimes you cant put a price on that
@@Luckyboy_rajumy sister and her husband bought a house for $700k near LA in 2023 on one income. its a nice house too it has some land and allows horses/animals
If the land lease goes up 3% per year that’s not good for them but great for the owners. Think about it 3% times 10 years means a 30% increase every 10 years which means in 30 years it goes up to 90% about $6,000 per month at that time versus having a stable mortgage payment over time while other costs increase.
It’s sounds wonderful until you hear that price tag for the land. I’m sorry that’s pretty steep ! On the other hand they seem really happy ! So good for them ! Though it’s not a good investment!
Beautiful home and location…I can see why they made the decision to move there. The cost is steep but well worth it for the lifestyle…. as long as they can afford it. And when they no longer can I guess they can just roll it somewhere else!
Beautiful home! Love the styling, the backyard and the location. The land lease is what deters me from buying something similar 😢. Where are the communities where you can own your land outright?!
There are many mobile home communities where you own the land, but the cost of those homes is more than double the cost of homes in land lease communities.
I consider up to 1000 for land for a trailer to be like reasonable and I could see it if it was like up to 2K in a more desirable area even like 2500 but 4K for some dirt are you serious?
First off it is not on the beach and there is no direct access to the beach. The park in on the inland side of PCH and depending how far in the canyon they are it can be a hard walk climbing up the canyon. I think there is still a Ruby's diner at PCH and Laguna Terrace but a drive to everything. Don't get me wrong it is a nice place.
rip off, I lived 10 minutes up the road in Costa Mesa and was paying $1400/month for a 1 bedroom apartment. It was walking distance from the Back Bay too. OK, so this is by the beach, perhaps $3K would be the max it is worth, this is an extremely inflated price even for Laguna Beach.
Many comments critized their financial decision, but forgot about how beautiful their life is! If they're willing to rent one of their rooms, I believe many people will be willing to move it. Then they have some cash flow. There are always ways ...
Hoa/land lease just negates home ownership. I was forced because being single i cant afford the standard house and 290 an mos is manageable for a condo. But even for me when im old and retired i might be paying 1000 a most for an hoa. But land lease is basically them paying rent (high rent) for life….and the mobile will not go up so essentially down.
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Land lease $3400 a month for a trailer is mind blowing 🤯
It’s on the beach!😊 all beachfront property in California is expensive!
The land lease system has always been an anchor to upward mobility of lower income families but in this context it's just like...blown over because it's Laguna beach.
Beautiful style. They did a wonderful job with their place.
It’s laguna. Same area as 3 story mansions overlooking cliffs with rotating floors. To live in that area, how they are, that’s a steal. That’s California dreamin. Trade off though is the COL obviously. Happy for them. I was born and raised SoCal. Would never return after seeing the rest of the US and other countries. Ignorance is bliss.
I live in So. CA, have my whole life. Mobile home parks, lot leases away from the beach is around $1500 so $3400 is not surprising.
I live in a 18,500 resident 55+ community around 30 minutes inland from Laguna Beach and my monthly HOA fee is $815. The housing costs are very high in CA.
Increasing 3% each year 💀
I live in the next town over, and I love Laguna Beach. I’ve always said if I could live in a shack on the beach I would. Their trailer is adorable. 😊
If you don’t own the land then it’s pointless. Look up all the recent news reports of mobile home owners of decades having to leave because suddenly rich people decide they want the land they considered once worthless , especially in a location as nice as this
It's coming
Yes, there are many places where mobile home owners are being forced out by greedy corporations acquiring rental properties then jacking up the rents. Luckily in Laguna Beach, the rent control laws apply to mobile homes, so that 3% annual rent increase referenced in the video is the maximum amount their land lease can be increased. When the housing market - both purchase and rental, increases exponentially on vacant units, that rent controlled annual increase is still lower than what most of us anticipate the housing market will be if we're moving to a new home.
Agreed but it all depends on the owners long term plans. Some like the investment for long term income and security.
trailers are not an investment!!!!! type in dave ramsey trailer park. please!!!!
💯 TRUE 😮
Laguna Beach is such a lovely town. I want them to come decorate my house! Theirs is so gorgeous. The backyard is amazing. Adorable couple, adorable dog, adorable home.
I love, love, love their back yard...... it's GORGEOUS!!!!! ♥
A cheap house, but that land lease is so expensive.
If and when they sell, they will not recoup the land lease.
If they paid market rate for a stick built traditional home, the initial cost would have been exponentially higher. If they even qualified for a larger mortgage, the associated finance charges on that larger amount would add up to way more than their land lease. Add to that higher property taxes on a more expensive home and higher insurance premiums on a higher value value home and you're still coming out much further ahead with the land lease. You don't recoup your interest payments, property taxes and insurance payments when you sell your home. With the ever increasing housing costs in their area, mobile homes are no longer loosing their value, so all around it looks to me like a good investment, especially with the improvements they've incorporated.
@@jekalambert9412 That is not the same thing.
@@jekalambert9412 You seem to be forgetting the fact that you would have a home that would have appreciated over time that you would own outright. The gains in property value outweigh the other associated costs.
Whats most laughable about this dumpster fire is the absurd amount of money these folks spent on a backyard that they do not own. WILD! And there is only so much you can get for a traier unfortunaltey that ceiling is low and it seems as though they will not recoup that either. God bless.
@@RC-wt7fr Mobile homes in California DO appreciate. As the housing market here becomes more and more inflated, mobile home prices continue to increase. The average cost of a mobile home purchased in 1970 was, according to HUD, just over $6k. Admittedly, this is vague because there's no breakdown for square footage or region, so we don't really know how much the initial cost was for the home in the video, but with a recent purchase price of $212K, it definitely didn't loose value.
To calculate return on investment, it is necessary to calculate expenses associated with that investment. You cannot ignore finance charges, property taxes, insurance, maintenance and improvements. Again, on a more expensive property, these costs will be higher and you will not recoup your expenses until the home is valued much higher than the purchase price plus expenses. We all know that in the initial years of a mortgage, most of the payment is applied to pay interest, not principal. If the market drops, many stand to loose a lot, weather you're talking traditional or manufactured homes.
In an inflated housing market, buyers usually lack cash to purchase a home outright and often do not qualify for financing, so they make choices based on what they can afford, as this couple did. Based on the comments, many have indicated that average homes in Laguna Beach cost almost $3million and average rents are upwards of $8K per month. At least this couple is paying less than market rate for their home, they're building equity, they get to live in a beautiful location, and based on the trajectory of the housing market, one can assume that their asset that will continue to appreciate - especially given the interior and exterior improvements. You also cannot dismiss the fact that they would have housing costs wherever they live, so by paying less than market rate, they are actually saving money long term vs what they might have paid for equivalent housing in the same area.
That $3800/month is just going to waste
I’m in Huntington Beach I’m a block away from the beach and my land lease is $1400/month. I have a back years fruit trees. I love my trailer. I paid $94k
Irvine checking in, there's a reason HB is cheaper brother..
@@occupytosavetheworld
😂😂😂
5k a month is insane. In 5 years they would have paid more for the land then the trailer itself. smh
Not California land
They still did an upgrade from a boat😅
not beach land
Not true. To own land in that location cost millions.
True this is the stupidest decision. You can tell it was all her idea filled with greed. poor guy. I would’ve kept the boat and bought a realistic house in the oc which is near laguna 😭 smh
This is the worst financial decision someone could make. Trailers only depreciate, they don't own the land and yet you need to maintain it, pay utilities, and a loan for the depreciating trailer. This is exactly what not to do.
It’s just not about what will get you the most when you sell in a hundred years! Some people actually like to experience life today lol. You should try it!
Not being on a perpetual treadmill is more appealing.
💯 TRUE
@@marciejade1408Sounds like you’re living the delusional broke life with little regard for your future! 😂😂😂
Agree. SMH
I’ve had the opportunity to live in Laguna from 2018-2023 and my quality of life was incredible during those years. Definitely a special town glad this couple is enjoying their experience down there as well!
I think they are living their best life! ❤
What a beautiful home! You guys did a great job of renovating indoor and outdoor. Great creative way to live your dream❤it!!
Imagine paying off the trailer and still paying 3k a month for land lease
lol
How much will they be paying a month in 5 years? 10 years? lmao.
3400+3% on top of it year over year. By the time they pay off the trailer loan they're be paying $5000+ for the land if the developers don't kick them off before then. They should never have been featured here.
Lots of haters in the comments. 38 & 42 years old…probably not planning on having kids, why not live in a little slice of paradise. They have jobs that allow them to live anywhere. Doesn’t seem like they have to worry about their current living situation being an investment. They can probably sell the trailer for a decent price if they decide to move in the future
I think the only reason the trailer wasn't $750k already was because of the insane land rent. That may make it a hard sell as the landlord charges more and more.
I'm wondering how the land lease works. Does it stay at the high rate that the current renters pay when they sell their home, or does it decrease to some kind of base rate for the new owners.
Their home is beautiful and in a great location. Living that close to the beach is like a year round vacation.
Diminishing returns
Really? I was stationed in Hawaii and a mile from the beach. 2k a month.
@@fortgrove3166 u rented, naturally
Exactly! They are getting to live by the ocean. Nice! And less than renting the standard stick built homes for $8000.00 month.
*DONALD NATHAN SCOTT.*
To the haters they lived on there boat few years enjoyed it and I’ve been to Laguna beach many times love it there and for them to make this trailer there own inside and out they are living a happy life and beach is so close I applaud them
all i heard was $200K for a trailer
😂
Did you also hear $150,000 k home equity loan and $3400 a month land lease?
I saw a brand new trailer home 4BR2BA listed at 630k in San Jose
It’s a trailer 😮
😂😂😂😂😂
Styled really beautifully & gorgeous location
Many folks commenting here most likely don’t know or have never been to Laguna Beach. It is a gorgeous small beach town and very expensive. Te couple featured in the video is very creative and found a way to live in their dream location. I may consider the same as I love Laguna Beach.
5k a month for a trailer 😂 painful
Because they are in Laguna Beach, California
@@NicksDynasty that’s still too much, even if it were then most beautiful place on earth.
@@ctlspl I don't think you can find a house or condo with a lower monthly cost than that in their area
@ctlspl It’s a really nice trailer with a really nice location. People need to get the “trailer” part out of their head.
Painful but beautiful i wish i had that opportunity that location is privileged very fee humana are able to live there
I was always told to avoid land leases at all costs. Interview some people who had a home in crystal cove (5 mins north) about 10 years ago. They learned the hard way.
Yup and Crystal Cove is even worse!
Laguna Beach is my favorite spot. I drive over an hour down from LA. For those whinging about the cost of housing, it's a steal for Southern California. My brother just rented out his 2 bedroom house in LA, 20 minutes drive to the beach, for 6K. And that is BELOW market rate. Most houses in his neighborhood are renting for 8K!
CA is abusing with those rates! Insane! I will just stay in Long beach lol
LA not a good sample for sane pricing 😅
Their backyard is so nice!
Sounds expensive at face value. But considering how California is normally expensive (this is just a slight premium on top of regular renting), how beautiful their home is, and the fact that they located exactly where they want to be in Laguna beach, $5K seems like a great deal.
And with all the maintenance they have to put into it… ummm.. not a wise choice. I lived for a few months in a beautifully and impressive trailer home that was bigger and more amazing looking than this one in california with an entire front of glass windows from top to bottom, and trust me, not worth it. The construction is very poor and I accidentally broke 3 doors because I wasnt used to having to be so delicate with the doors.. i lived in concrete houses my entire life.. any house takes a lot of time and money to keep up… so no.. not really smart.. and much less if theres no chance of you ever being able to own it. better to live somewhere else as equally nice just not in front of the beach for less money and just save for amazing vacations… in my opinion
Dude just buy a house five miles inland. No shame in that, the beach is still very accessible.
$3,400 land lease every month and increasing 3% every year. After 5 years they could've saved enough to put a large down payment on a $1m+ home. 🤔
I stayed in Huntington Beach for spring break and took a drive to Laguna Beach!! Such a nice area
There’s not enough beach for me to be convinced that this was a good idea😊
That land lease is some proper bullsh!t, wow.
If they’re happy then good for them! Hope they enjoy their Laguna life 🌊
Trailers rock! Love how you styled your home as well as the landscape! California, despite all of its nuances, is absolutely beautiful by the beach. Congrats to you both❤
The land rent is outrageous.
Ummm it is Laguna lol
The land lease is nuts!
These are statistically the worst investments you can make.
It is the experience and neighborhood
I live in a mobile home retirement community in Tempe,AZ. I thought my land lease was high at 800 a month😮 but would love to live in Laguna Beach! Beautiful home!
I can see their vision. First thing I did when I moved to So Cal was build out the backyard like these folks did. No need for a lavish house when you’ve got the Cali sunshine pulling you outside all year. I’m seven years into owning my little 1888 built fixer upper and I’m just now getting to the interior updates after working through my outdoor projects.
Can you recommend any contractors/landscaping.
Oh shucks, unfortunately not. I did all the improvements myself slowly over the years. I’m sure it’ll be a lifetime of tinkering.
Their home is beautiful and I love they thought outside the box. I'm confused on the leasing the land part, especially because it goes up 3% every year. You own the home, but it's not really yours because it's on a plot of land that you can't take so you could actually have to move it somewhere else, and they started off the video by saying they couldn't afford anywhere else. To each their own, it's a beautiful space. They have invested so much in the actual land, because the outside space they really build up from installing a fence, jacuzzi, landscaping etc.
carmellabrown3335 It’s really not that beautiful. It is HORRIBLY decorated on the inside with all that ugly wicker furniture & it looks like a house in the 90s. The outside is ok.
They are invested into this POS place. In 5, 10 yrs they will regret their decision as far as their housing choice. 100%
Wait....no closets??? Omg I'm dead
In 10 years they’ll paying $5000 per month just lease the land which will never be owned. That’s not including the $1600/month mortgage and any HOA fees. There’s a reason trailer home prices have barely gone up in the past 40 years. Ouch!
3% OR more
Kudos to you guys for finding a way to live near the beach! My mortgage in Estes Park is 6K a month. This is what life is as a home owner in 2024.
This is extremely expensive for most people. If it sounds too good to be true, it is.... this exemplifies this quote. 3400 x 12 = 40,800 and is going up 3% not including the mortgage.
Beautiful home and perfect location.
As long as they’re loving it, good for them! Why so many people are judging??
I clicked on this because I saw Laguna Beach and $212k home. I laughed when I saw the landlease cost and all that money thrown away. I don’t think that’s smart because they can’t even write this off their income taxes!
Great Investment! ENJOY YOUR LIFE!! AWESOME! MONEY BACK ISN’T ALWAYS CONSIDERED “AN INVESTMENT”. BRAVO 🙌🏽
My husband and I of 50 years stayed many times at CRYSTAL COVE. With our ginormous travel trailer ! Now looking at motor homes😃😃!!!!
That is so cool, love how you fixed it up 😊
Those prices 🤯 I moved abroad five years ago. I live near the sea in a one bedroom furnished (plus small spare room) apt. I pay 480.00 and watch sailboats, dolphin, porpoise, swans, seals, otters, cranes etc
Yea,but California has some big money floating in the AIR. VERY SHOCKING TO SEE COMPARED TO THE LEVEL OF HOME LESS IS PAUNFUL.
Sounds good. Which location?
Mostly likely oversees like Thailand or Phillipines.
Where did you move abroad ? Sounds good to me!
Totally support this. If you’re a writer or mostly work from home, you can easily be 100 miles south in Baja California for one third the price.
Such a cool space and being able to walk to the beach is huge. I love how they got creative with their storage. They could even airbnb it later because of the prime location.
Most mobile home communities do not allow subleasing or short term rentals, so Air BnB won't be an option - THANKFULLY!!! The short term rental market has contributed to the housing shortage in CA and that in turn has driven up rental prices for everyone.
@@jekalambert9412 👍
Beautiful in every way! Such wonderful choices of decor and design inside and out. Lovely little dog too.
CNBC Make It, This made me laugh so much! Thanks for sharing!
Just checked, they coudlve rented a 1br apt for about half the price they paying. 4.7k is insane!
Yes, but it won't have the fabulous yard they have and the views outside. They feel like they are in a "home" not an apartment. They have space around them. They probably looked at all their options and decided this was THE ONE.
I've been to Laguna, great place!
I think it's a beautiful home. They have the beach and a beautiful life. I love it. I think it's cool they can move their home since it's on wheels. It's still expensive but way cheap for the location considering.
Beautiful beach.
They seem to be enjoying themselves.
Wonderful atmosphere for creative people.
Jealous. They can't stop smiling! That's so irritating! It is fabulous. It still costs a good amount per month, but it's fabulous, it's worth it and more. I wonder if the owner of the land can decide not to renew their lease or raise the lease an exorbitant amount.
Maybe they could work out purchasing the land from the lease owner sometime in the future?
@@sheh.9163 It's a mobile home park so that would be a bit hard to own part of the park lol.
Absolutely STUNNING! I could k*ll for exactly THAT as it is. LOVE IT! LUCKY COUPLE!
Durban🌞🌍🦈South Africa
They should move the home over to West Virginia in rolling hills, and one month land lease payment would actually pay for the land there, so they wouldn’t actually be paying anything each month because the trailer is all paid off
Brian has a job that pays him more than most of those posting negative comments about wastefulness. This couple is living on their own terms, congrats doing it at a place you love. Also, nice job on the 15% discount off listed price.
we found the landlord
Beautiful ideas, we disregarded a mobile home but lacked a vision when we began late on starting our family. We still learned from our five moves and two non forest related fires in CA, with our children, to being practical and having key luxury items, our closets have drastically reduced too, just keeping the best. The kids are still in the early single digits so eventually will need open outdoor space to continue to burn their energy much like your outdoor space with breathtaking views. Congrats on your eternal vacay home! True we may have to rethink the rent space separate from the monthly mobile home. I’ll keep this vid in mind.
It’s all about location, location, location, but OMG the price is outrageous! The scary thing is with these parks, the land owners can increase the lease as much as they want and/or sell it to developers and kick all the residents out!
I'd like to know more about their boat life in Marine County, anyone else? That was a big "lounge/work area" that looked very comfortable too.
It’s definitely a mind blowing expense. However, I would be so happy if I lived there too. Such a beautiful property
Ps: Temu Matt Damon ???
Nooooo 😭😭🤣 🤣
That Sarah Silverman "I'm f**king Matt Damon" song just popped into my head. 😂😂😂😂😂
😹😹😹
Rainbow Shop Matt Damon 😅
Spending 3400 a month on a rental is/should be illegal.
Beautiful trailer. Very well furnished and perfect location. The land lease is super expensive and that’s something that’s kept me away from making the move to a luxury trailer.
But seriously how do you find a property like this? I've lived in Laguna Beach, and even that house, but easily be over for half -1 million. My friend had a TINY apartment that was over $1000 a month. Yeah she basically slept in her kitchen.
You have to wonder how much of those stories are actually just completely made up or exaggerated.
Lots of mobile homes beachside in Southern Cali. Just search any real estate site for mobile homes and use the map feature. The monthly land rent is very expensive though.
its a beautiful home, in a beautiful area, right across from the beach. Who cares what others think
So Awesome! I’m jealous!
Oooh cool, can’t wait to read your book!
In 2022 I moved inland in southern California to a 1040sf mobile home, and it's the BEST place I've lived. My Wisconsin relatives were pretty snooty about me moving into a "trailer park" until they found out that my next door neighbor is a lawyer and another neighbor has a PhD in education and is the former superintendent of a Milwaukee suburb school district. All inclusive, land lease, insurance, taxes, utilities etc., my monthly housing cost is just under $800 a month. I have 2 bedrooms, 2 full baths, LR, DR, eat in kitchen, formal entry, more closets and cabinets than I have things to put in them, a 8'x40' covered deck and other nice uncovered outdoor spaces plus a storage shed and covered parking. My rent includes access to a clubhouse with a heated pool, fitness center, 2 hot tubs, a library, game room, laundry facilities, BBQs, and a dog park. I own my home free and clear.
Compare that to my previous home, a $1500/month 600sf detached rental house in Sacramento CA with numerous code violations like a leaking roof, rusty water from all faucets, raw toilet sewage overflowing into the back yard, mold, windows that didn't lock, a crumbling foundation and an open parking space under a tree where turkeys roosted and pooped all over my car to the point that I had to wash my car every time I went anywhere. I was forced to move while that house was renovated. After renovations, that house rents for $3k+/month.
I feel like I currently have the best housing deal in my life. I paid just over $50K for my mobile home and have put approximately $60k into renovations. It's beautiful and comfortable. I have more stability than I've ever had anywhere else in CA. You couldn't buy a comparable stick built home anywhere in CA for what I pay. Stick built homes, being more expensive, have a larger mortgage with higher interest expenses, higher property taxes and higher insurance costs. When you factor in the higher costs associated with stick built homes, my land lease cost is way less per month than the out of pocket expenses owners of a comparable traditional home would pay.
What outsiders don't realize is the context for housing costs in CA. Think about NYC with outrageous rents for tiny awkward spaces and you start to understand the CA housing market. When you understand the market, you appreciate the housing choice the couple in this video made for their beautiful space right next to the beach!!!
I'm renting in San diego. Where is this exactly? I'm very interested.
The land rent is ridiculous though. I don’t get it! Mortgage payment for the trailer than a larger 2nd payment for the land. They’re probably paying upwards of $7k per month. Not a good investment in my opinion. Happy it works for them.
There is a similar thing in the Bay Area. Newer parks will advertise small, nice looking places like this for relatively cheap, but you dig around and find out the minimum lot rent for a month is at least 2-3k, and the value proposition doesn't seem quite worth it. If you want to live in Laguna Beach though, this might be the way. My main question is as such, I'm curious if it would be viable, as they get older and need to retire, to transport the mobile home out of Laguna Beach and onto a little piece of land somewhere in rural california, and then just run utilities to it.
Wow. Your place is beautiful.
Wow they can buy so much somewhere else for 5k a month but they are also where they want to be and found a way to stay there so sometimes you cant put a price on that
$600,000 over 10 years for a trailer that cost them $212k. EEEEEEK
🫨😂😂
Do you live and work in California?
@@Luckyboy_rajumy sister and her husband bought a house for $700k near LA in 2023 on one income. its a nice house too it has some land and allows horses/animals
If the land lease goes up 3% per year that’s not good for them but great for the owners. Think about it 3% times 10 years means a 30% increase every 10 years which means in 30 years it goes up to 90% about $6,000 per month at that time versus having a stable mortgage payment over time while other costs increase.
It’s sounds wonderful until you hear that price tag for the land. I’m sorry that’s pretty steep ! On the other hand they seem really happy ! So good for them ! Though it’s not a good investment!
Good job guys… this is very appealing.
Beautiful home and location…I can see why they made the decision to move there. The cost is steep but well worth it for the lifestyle…. as long as they can afford it. And when they no longer can I guess they can just roll it somewhere else!
Beautiful home! Love the styling, the backyard and the location. The land lease is what deters me from buying something similar 😢. Where are the communities where you can own your land outright?!
There are many mobile home communities where you own the land, but the cost of those homes is more than double the cost of homes in land lease communities.
I love the backyard!
They must really love the beach. Sheesh.
This seems crazy. On what planet do you spend an extra $150k on renovations when the land could be sold out from under you?
This should be the 2024 version of MTV's show, Laguna Beach - The Real Trailer County
Lol yeah the video title is deceptive by saying it’s a “$212k home by the beach” 🤔
The Land Lease is crazy.
The land lease amount not being locked in is crazy cause you don’t have fixed about but it is nice for Cali
I love your lifestyle! Does the Irvine Company own the land?
I consider up to 1000 for land for a trailer to be like reasonable and I could see it if it was like up to 2K in a more desirable area even like 2500 but 4K for some dirt are you serious?
fun now, but in 10 years you realize you have no equity and your land lease and doubled in price LOL
So true. All they’ll own is a cheap old trailer.
These people are nuts.
I'd like to know what their net worth is. I'd be shocked if it was $250k. Absolutely shocked.
First off it is not on the beach and there is no direct access to the beach. The park in on the inland side of PCH and depending how far in the canyon they are it can be a hard walk climbing up the canyon. I think there is still a Ruby's diner at PCH and Laguna Terrace but a drive to everything. Don't get me wrong it is a nice place.
rip off, I lived 10 minutes up the road in Costa Mesa and was paying $1400/month for a 1 bedroom apartment. It was walking distance from the Back Bay too. OK, so this is by the beach, perhaps $3K would be the max it is worth, this is an extremely inflated price even for Laguna Beach.
Gorgeous home! Love it. ❤
How do you take out home equity loan against your trailer. I owed my mobile home out right but need some work? Thanks
Not a good deal! 5k a month can get you a real home in LA , if you want affordable beach side properties why not Florida?
Not beachfront.
They are Democrats
Nice set up and pad / thought Matt Damon got a vacation home in Oc 😂
Living in a trailer is cheap when your neighbors are Walter White and Trevor from GTA 5
Should’ve just bought next to water. Plenty of places states that have beaches.
Many comments critized their financial decision, but forgot about how beautiful their life is! If they're willing to rent one of their rooms, I believe many people will be willing to move it. Then they have some cash flow. There are always ways ...
AWESOME JUST WOW THE LIFE STYLE IS THE PRICE WORTH IT YES INDEED.
their backyard is sick
Great job but still too expensive for most families!
Hoa/land lease just negates home ownership. I was forced because being single i cant afford the standard house and 290 an mos is manageable for a condo. But even for me when im old and retired i might be paying 1000 a most for an hoa.
But land lease is basically them paying rent (high rent) for life….and the mobile will not go up so essentially down.