Thought it might be of some interest given the threads about inflation, real estate, and rent increase.



I've been considering park models [maximum 399 sq. ft., classified as an RV w/a license plate] and they seem to range from $80K to $100K or more now. For less than 400 sq. ft. which doesn't include land w/utility hookups.

Might aswell buy a real home srs

lol @ rentcels. JFL


if you didn't own a home before 2020. LMFAO holy chitttttttt you done fukt up ur life

Yeah, maybe.

My brain can't seem to keep up with inflation. When I got my first house [2002 IIRC] new build brick 3/2/2 houses were selling for about $100K here and the 50's era ranch I purchased was under $80K. I believe my ex and I sold our brick ranch house here for around $130K in 2014. Bought a smaller rancher in MI for $171K. That house is now going for $259K I think and there is almost nothing available in DFW for under $200K, not even small/old houses or mobile homes.

in the near future manufactured homes is all anyone will be able to afford....i know many people making six figures in the mid west and south that cant afford a home and live in an upper class trailer park of sorts

Yeah all cash getting injected into the economy is through mortgage backed securities.

Its going to be bad when that stops and inflation is still high, its not going back down. The additional money supply is here to stay, the demand for housing is not.

sold at the peak of the market. 700K net to me.

Yeah, oldcel here brought up to "live within your means". Looked for and found that house for $171K which was right at 2.1 years salary for my ex at the time.

Unfortunately prices have spiked so quickly vs. wages that a lot of people don't have access to "making do". When I unexpectedly moved back here I thought that I could at least get a mobile home a bit far out on land for $100K, but when I began looking all I found was $200K and better and that was beginning to look in 2019/early 2020.

makes sense mf home prices are up

this market's gonna leave a lot of people priced out and spur a push towards cheaper alternatives, IE, mf homes, condos/townhouses and van on wheels SRS. that off-rad van conversion industry is gonna get stupid in the next tear or two, especially as wfh becomes easier and COL gets higher

as for me, market im currently in has avg sales price of $525k, up 18% from last yr, and as such am likely moving elsewhere to start buying up 2/1 or 3/2 condos/townhomes for 60-100k instead. plenty of places like that all over the south that also have positive migration.

u can't even make me upset

not exactly. Even if I made a quarter what I do, I'm not putting a family in a mobile home, rv, or van. I'd move out of town, which is what everyone is doing. Corps are buying suburban, people are moving rural. Millenials who are tired of living with their parents rent the chitty appartments for twice its actual worth, then move out when they figure out paying LA prices to live in kansas is retarded. Afterall, they can work from anywhere. So they start to look back at where they came from....but also everywhere else.

Demand in the market is slushing around like a wavepool. If it was solely due to people moving to rural areas, we'd see urban areas crash. Instead we see corps propping it up with MBS loans. So now we have a synthetic stimulus shoving everything up. The gov't is enabling the financial entrapment of young families via the free money they're providing to the realty sector. It is not a fair or balanced system to give free loans to business, but not to individuals. That creates a system in which the business can corner consumers. After all a consumer needs 5%-20% down. Corps are walking in with cash they already got from the gov't and buying assets.

The only logical path forward is for the gov't to continue cornering consumers to finally complete a real estate monopoly in urban areas. The only problem with that is, that I think people have fundamentally changed their mindset towards living in city. I don't think they want to return if the prices are still high. Does this mean rural areas will remain high? Well, chances are by now you've already left if you were pissed off about libertarian policy. Furthermore, the companies buying urban and suburban properties are having to rent out lower than expected ALREADY.

It WAS a clear move to monopolize real estate. I believe it failed but I believe they will keep trying. The families you mentioned can still rent for relatively cheap from the corps that bought their homes. Does this create a reservoir of people waiting to move to rural areas? To some degree, but it also enables those families the ability to build which is still a value on the trendline of where the market should be.

I have srsly been looking in to mortgaging a trailer in San Diego for ~$250k, but lot fees bite and I figure that owning the land is where the real appreciation is at.

Masters educated 6 figure engineer looking at double wides. I fukking hate this world.

Sounds like a plan.

There have always been small and moderate sized real estate investors in the market. IIRC it is only since the last crisis that large investors started making mass purchases. Lots of money seeking steady returns, or at least a hedge against inflation has owner/occupants competing against multiple investors with cash on hand.

Seems likely that the real estate investors are getting in to position to soak up whatever middle class wealth the for profit medical system might leave on the table.No point without your own land. I looked at parks around Austin maybe 6 months ago? $800 a month lot fees. That is above whatever you are paying for the mobile home + utilities.

I'd offer you an opportunity having had reasonable convos with you but I'm not going to ask someone to dox themselves. All you need to know is that there are opportunities anywhere you want for someone with your knowledge.

I always buy what I want for my primary mortgage. I don't sacrifice, I have to live there. I don't see the point in buying something for a quarter what I can afford.

I was considering buying a nice plot of land, buying a manufactured home, then I figured by the time the mfg home falls apart (as they inevitably do) I will have the resources to have a proper home built in its place. But yeah manufactured home prices are **** right now because of supply issues and lack of building materials.... or so they say

Just wait for the crash

The bubble will burst any minute now

Pretty sure that is from the skyrocketing lumber costs, as well as regular 6.8% inflation

I live in San Diego so there is no opportunity, the real estate speculators have already been here for 20+ years.

I've seen some decent SFHs you can get in Cleveland for $150k-$200k, little older but I just want land at this point. It's a bad area for my career (heavily tied to maybe 2 dozen firms in California, Texas, and Boston), but IDK there is remote jobs too. A SFH in Cleveland is better than a trailer in San Diego.

who's buying homes when noone can afford them?

pro tip, the only reason anyone is purchasing real estate right now is because you can finance 50+% dti.

FWIW from my research building standards for mobile and modular homes have increased. Modular homes IIRC have to be built to higher standards than most site built homes because they have to be transported, or at least that was my understanding. Mobile homes aren't built to quite the same standard as modular, however most are much better than they were 20 years ago.

Meanwhile site built standards vary a lot from place to place and it seems to be almost expected that if you purchase a stock plan site built home from a big home builder you will have things popping up that have to be fixed the first few years. Foundations shifting and cracks in sheet rock are the two issues I remember seeing the most.

Well they completely lose value after 25-50 years. They depreciate value like a car. They are really only meant to be around for 30 years and they can be much hard to buy and sell because they can be difficult to get a mortgage on them

As long as you don’t look at it as an investment just like when you buy a car. You don’t expect to sell it in 5 years and make a profit

"You will own nothing and you will be happy."

the crash is real though. 0% interest rate will not stay.

market will dry up once that goes up. sorry guys. that's the law of the land.


i

Yeah, times are rapidly changing. You can get a place South of you in Houston for $200k but it will be 1500 sqft in the hood.

Listed my house for rent this summer and had over 80 applicants in a day. Literally families and dime pieces begging me to accept them. Areas that are adding 10,000+ tech jobs this year are continuing to see unprecedented demand from both individuals and investors.

Not to mention we’ve nationalized the housing market. You’re not just buying a house anymore. You’re buying a bond in the reserve currency of the world with 5:1 leverage backed by the full force of the US government

The real schitty part is that old homes that are breaking down and need roofs, HVAC, plumbing, etc updated are also increasing in price. Double fukking whammy there, pay an inflated price for a POS and then even more for the supplies and chit to fix. I'm wondering when the market corrects for this obvious fukkery. I wish there was an inverse opportunity to take advantage of here but I don't see it.

Home prices have exploded where i live in Florida. My place is reportedly worth 3 times what I paid 10 years ago. I don't know how long this will last. I've seen a few articles saying new homes are quickly being built, within 2 years home prices should stabilize or even decrease.

Where I used to live in Illinois things are different. Home prices and rent remains pretty much the same as it was decades ago. Makes sense as more people are leaving Illinois for other states such as Florida, Texas, Tn, etc.

damn, always dreamed of getting one of those.

looking like it might be out of reach.

misc economists are truly a special breed

I honestly can’t tell if these guys are trolling or not sometimes