mobile homes where you own the land

tropical_thoughtMarch 10, 2013

There are very few mobile home parks where you own the land. I would like to find a list of them online, but I can't find one. Can someone find one for me?

I read a posting here on mobile homes that said, one should not buy a mobile home unless you own the land.

Many of the these homes are not really mobile either. If they look too much like trailers they are not very nice, but the can be customized and remodeled once you own them to look more like a regular home. The reason they are not mobile is they are too hard to move or too expensive to move or they can crack if moved. They should not be mobile, but be small with a sort of community of people that are friendly, that would be nice. Not necessarily extremely small, but not too large and not with too much landscaping to keep up, but some garden space, but not the kind of house with huge lawns front and back which means a lot of up keep or a garden service.

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linda117117

I've never heard of a mobile home park where you actually own the land. What would be the point of someone owning the park? Are you sure when you heard not to own a mobile home without owning the land that the person wasn't talking about a private lot, not in a park? Check with your county, unless your area is very rural, most counties don't allow mobile homes anymore unless you are replacing an existing one.

    Bookmark   March 10, 2013 at 11:29PM
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tropical_thought

The home owners buy the land from the corp. and create their own corp. Each owner of a house owns a stake in the park, there parks like that, but over all a very small percentage of them are like that, I would say like maybe 2 percent? Do some searches on it and you will probably come up with one or two parks. In these parks the mobile homes are more expensive since one does not pay rent, but only the fee involved with the landscaping and the pool and the clubhouse.

    Bookmark   March 10, 2013 at 11:36PM
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brickeyee

"only the fee involved with the landscaping and the pool and the clubhouse."

And the road maintenance (plowing, repair, etc) and all the other expenses of the 'community.'

    Bookmark   March 11, 2013 at 11:44AM
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writersblock

>The home owners buy the land from the corp. and create their own corp. Each owner of a house owns a stake in the park, there parks like that, but over all a very small percentage of them are like that

This has turned out to be a horrible idea in many places. Locally, we have one community that did that, back during the frenzy when the park owners wanted to cash in on the boom. The residents opted to form a co-op and buy the land, at a price of around 79K per unit, on the theory that while that was a lot for some people, nobody at the time could find anything for less than that (true then--a one-bedroom apt that isn't very nice was going for about 200k) and there are hardly any places left to move a mobile home to.

So they did it, only a few people made good on their commitment to purchase shares, the community couldn't make the mortgage payments and the former owners are in the process of taking it back and evicting everyone to sell it to a developer.

There's a reason you don't hear about many communities like this. Incidentally, at least in FL, the majority of mobile communities that own the land are usually incorporated, which means higher maintenance fees and property tax payments and that they are very open to predatory developers, since the incorporation exempts them from things like county height development limits. Look up the sad saga of Briny Breezes, for instance.

Here's a link to an article about Ocean Breeze Park, our local community. They since have found a potential buyer who might let them stay for now, but that is stalemated because of the number of people who stopped paying any rent once the co-op took over and it became obvious that things weren't working out well. The arrears dollar amount would give me pause, too, if I were considering investing.

EDIT And I will say that these poor folks tried everything. They got very creative with trying to encourage a move to Katrina Cottages from single-wides for new residents, for example, to build a kind of new-style model retirement community, but the numbers just didn't work no matter what, since so many people couldn't/wouldn't pay the higher prices resulting from being owners instead of ground renters.

Here is a link that might be useful: ocean breeze park

This post was edited by writersblock on Mon, Mar 11, 13 at 12:35

    Bookmark   March 11, 2013 at 12:27PM
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tropical_thought

Thank you for sharing that. I can see it maybe a problem if the debt is not paid off, but once it is paid off, then I don't see what could go wrong, as long as it was nice and people wanted to live there. I read in this article there are three in santa cruz, but I don't want to live in santa cruz and one in morgan hill. Santa Cruz is pretty, but to get there you have to drive up and down a very scary mountain. I would be stuck there if I moved there because I am too afraid to drive on highway 17 up or down the mountain and as I get older I get even more afraid of it. I would have to drive on 101, and it would take like three hours each way. Anyway, I just wanted to find out about other parks like still in CA since I have to stay here due to having Kaiser and I can't move outside of CA and keep my insurance. It is good to know all the ins and outs before one buys any thing.

Here is a link that might be useful: This one is very nice however

    Bookmark   March 11, 2013 at 12:37PM
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tropical_thought

I just found this one also, it seems like people have the right to own the land, weather they can make it work or not is another matter, but I do know that it is kind of trend because of the problem with mobile homes losing value unless you own the land, and some of the homes in Huntington beach look very nice, even thought they are "mobile" they don't look like ugly sheds.

Here is a link that might be useful: own your land news article

    Bookmark   March 11, 2013 at 6:54PM
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new-beginning

you also might try searching for Mobile Home Subdivision

    Bookmark   March 11, 2013 at 9:10PM
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tropical_thought

I want to delete this post, but it is making me type some text here to do that.

This post was edited by tropical_thought on Mon, Nov 3, 14 at 9:46

    Bookmark   March 11, 2013 at 11:02PM
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