mobile/manufacture homes
i am considering buying one of these mobile/manufacture homes in sunnyvale or mountainview area. i can afford to pay cash most likely. i am wondering what the catch is? these things look super nice, modern and to my untrained eye look much better than a lot of the 1M+ homes nearby. can anyone share insight or experience around these communities? and if you live/lived in one? stats: family of 3. young child. my TC 500k, wife TC 150k ni debts except car leases 250k in cash and equivalents long term plan would be to buy one of these places and then continue to save until can buy a house to our stabdards (we are not american/californians). we currently save around 250k a year.
Watch this first https://youtu.be/jCC8fPQOaxU
This was funny and informative and pretty much helped us make up our mind. Another year renting it is.
Don’t.. in Bay Area you pay for the land in prime loc.
Mobile homes is metaphor for trailer park 😀
Didn’t the owner of Zappos invest in a high end trailer park?
Don’t mobile home parks have rent for land and upkeep, so essentially like a HOA set up? I wouldn’t waste money on a trailer cuz they always depreciate in value. You might be better off using whatever saved money as a down payment on a house and then just paying extra each month to pay it down quicker.
And there tend to be zoning laws, so you can’t always just buy land and plop a trailer on it. Depends on location.
Dude what do you do at PALO alto networks to have such a high tc? Care to talk about your yoe and tc breakdown?
I don’t think you own the land for the mobile home, you only own the structure.
This makes sense. So perhaps there is a HOW type rent on the land? The first hidden cost.
Look into the evergreen area in San Jose. You can get a big house, good school district, and most FAANG have commuter buses driving in. Other than this, I would just rent, rather then buy a mobile home.