Anonymous
Anonymous asked in Business & FinanceRenting & Real Estate · 2 months ago

Why do people buy mobile homes when they know they go down in value?

11 Answers

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  • Maxi
    Lv 7
    2 months ago
    Favorite Answer

    They think for 'now' not plan for the future

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  • Anonymous
    2 months ago

    Some parts of the United States only allow stick built homes on site. Mobile homes before 1980 I believe had aluminum wiring which was outlawed because it was a fire hazard. My aunt lived in a 1973 model single wide for almost 25 years. Thank God nothing major happened to it other than roof needing repaired for a leak. I think they are made a lot better now but still seem to drop in value much like buying a car. Unless you are a mobile home dealer or mover it would be hard to buy a new one at rock bottom prices to which they would hold their value. Carry on.

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  • 2 months ago

    in my area, they are mostly for seniors....they are cheaper than standard houses/condos and the seniors are looking to make a profit to upgrade later on...so they aren't concerned about the value.

    for younger people, there is more privacy and rights than renting an apartment. you can buy a decent mobile home for 40K, pay 700/month on lot rent and pay utilities. an apartment would be minimum 1250/month in my area (with heat included)

    the mobile home owners comes out ahead....after about 10 years, the mobile home owner has saved about $40K (had they paid cash for the home)....compared to rent cost.....and if need be could see the mobile home for 20-30K

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  • John
    Lv 7
    2 months ago

    Mine has only risen in value.

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  • 2 months ago

    they are cheap..................

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  • 2 months ago

    Cars go down in value too. Yet people still buy them.

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  • Anonymous
    2 months ago

    Because they cost a lot less than a house and sometimes even an apartment.

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  • 2 months ago

    Because it's what they can afford, and it gives them a secure home.

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  • 2 months ago

    It's all they can afford at the time.

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  • 2 months ago

    They are for fun they aren't an investment.

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