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Although it’s mentioned in the article, I’m surprised that the author didn’t place more emphasis on the different set of state laws that typically apply to mobi
by nocoiner 10mo ago
Although it’s mentioned in the article, I’m surprised that the author didn’t place more emphasis on the different set of state laws that typically apply to mobile homes given their status as (theoretically) moveable property. The relative ease of eviction compared to real property (houses, condos, things without wheels) is probably the primary factor for the private equity investment thesis. It’s a material driver of the economics of these investments and substantially reduces the risk profile of the generally marginal tenant base.
- seg_lol 10mo agoAnyone who has been under a mobile home will know that they pretty much only move once in their life.
- paleotrope 10mo agoThis. Once they are on a property they aren't going anywhere until they get torn down and replaced. Mobile, they are, once.