I've known good people that lived in manufactured homes, and I don't have any issue with people or structure.
I can understand that a stick-built home is too labor and cost intensive. If we are talking about affordability, I am not understanding, however, how a 60x120' lot with a manufactured home can run for $200-300k, with some under $200k. Importantly, who owns the land? Or is the land essentially leased? I'm looking at this from the value perspective of the buyer. Is the asset projected to appreciate or depreciate? Is financing higher? With the emphasis on affordability, I'd be interested in transparency on margins with respect to cost of land and manufactured home vs. the sale price.
I've known good people that lived in manufactured homes, and I don't have any issue with people or structure.
I can understand that a stick-built home is too labor and cost intensive. If we are talking about affordability, I am not understanding, however, how a 60x120' lot with a manufactured home can run for $200-300k, with some under $200k. Importantly, who owns the land? Or is the land essentially leased? I'm looking at this from the value perspective of the buyer. Is the asset projected to appreciate or depreciate? Is financing higher? With the emphasis on affordability, I'd be interested in transparency on margins with respect to cost of land and manufactured home vs. the sale price.
Great questions.