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Earlier this year, the federal government made available $225 million in grants for improvements at mobile home communities, including those owned by residents, and announced plans to allow ...
Mobile home parks in the U.S. have become an attractive investment for financial firms such as Carlyle Group, Apollo Global Management and TPG Capital. [14] [3] [2] In the early 2020s, an individual mobile home park can be sold in the tens of millions of dollars. [15] Over 100,000 US mobile home sites were estimated to be owned by large firms ...
One subset of mobile home parks, retirement communities, restrict residents to those age 55 and older. Another subset of mobile home parks, seasonal communities, are located in popular vacation destinations or are used as a location for summer homes. In New York State, as of 2019, there were 1,811 parks with 83,929 homes. [12]
Reynolds’ parents owned a mobile home court in Colorado. He graduated from Mesa State College with an accounting degree, then worked for his parents and lived in the mobile home court. After discovering that he could make more money buying mobile home parks than working as a CPA, he bought his first one in 1993 at the age of 24.
"In response to tenant pressure, rent strikes, and steady news coverage about rent increases and angry tenants, especially seniors, the Los Angeles City Council passed a six month rent freeze in August 1978." By 1988, fourteen cities had adopted full rent control, and sixty-four cities rent control for mobile home parks. [26] [27] [28]
Reasons given for these laws include residents owning their homes while renting the land the home sits on, the high cost of moving mobile homes, and the loss of home value when they are moved. California, for example, has only 13 local apartment rent control laws but over 100 local mobile home rent control laws.
In an appearance on "The Pacman Jones Show," the Hall of Famer and Colorado coach made it clear what he thinks the future holds for his son.
The MHINCC distinguishes among several types of factory-built housing: manufactured homes, modular homes, panelized homes, pre-cut homes, and mobile homes. From the same source, mobile home "is the term used for manufactured homes produced prior to June 15, 1976, when the HUD Code went into effect." [2] Despite the formal definition, mobile ...
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