Video - Mobile Home Park Closing

I thought I'd post up this video about a mobile home park closing.
It's a very interesting story.

"Two years ago, a tornado destroyed 16 homes in the Strawberry Mobile Home Park in Berkeley county. Now another storm of sorts is threatening to remove all the homes from the lots. The mobile home park is closing.

Rachhpal Gill, one of the owners of the trailer park tells News 2, the park currently uses well water, and according to the Department of Health and Environmental Control, the sewer system is not up to code. Gill says it would cost a minimum of 150-thousand-dollars to bring the trailer park up to code, and they do not have the money.

Hopeless, that’s how many people living in the mobile home park say they feel, after finding out they have to move their homes. Homeowners received a flyer Thursday informing them they had to move in six weeks. Seventy-seven-year-old Bergetta Driggers owns one of the 40 mobile homes in this low income community."

This kind of reminds me about a post I made awhile back. As I watched this video, I felt for the residents. I can only imagine the devastation they are feeling right now, it's truly an awful situation.

I also wondered if there were any Lonnie dealers in this park who had notes and/or homes, how did they handle the situation? I wonder.

I guess this is just one example of the issues facing mobile home investors today.

Thanks for watching, have a great weekend everyone!



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Video: Mobile Home Structures 'Shed' Their Tax Free Status

Very interesting video. Check it out!

"Under Michigan law, mobile home owners are exempt from property taxes in lieu of a $3 per-month school tax payment. But the law does not specifically exempt accessories like sheds, carports or decks. So for the first time, the township is sending assessment notices this year to inform mobile home owners such accessories will be subject to taxation."

See the full story here. Thanks for reading!



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Clayton Homes' iHouse Debuts in Omaha at Berkshire Hathaway Shareholders Meeting

Yes, it's true - manufactured homes are going green. Literally. Wow, fancy. This just in from the Clayton Homes' iHouse blog:

"It is 5:40 am and we are preparing for the debut of the i-house at the annual Berkshire Hathaway shareholders' meeting. We are featuring the two bedroom i-house with a one bedroom Flex space. It is priced starting at $91/sq ft. With every option possible, it is priced at $139,000 for 1292 sq ft. You can add solar power in increments of 2 kWh for $13,400 and lower energy costs to as low as $1 a day. This has been an exhilarating experience and the entire team at Clayton knows you will like what you see - a great value, in a truly green and energy efficient package."

For more info, check out the video!



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