Many buyers can pay cash or take out much smaller loans, freeing up monthly income for travel, retirement, or savings.
If you rent a lot in a mobile home park, you are subject to rent hikes and park rules. If the park owner sells the land to a developer, moving a modern double-wide can cost $10,000–$20,000—assuming the home can survive the move. The "Sweet Spot" Strategy is buying a mobile home a good idea
Because they are often classified as personal property (chattel) rather than real estate, interest rates on loans can be significantly higher than standard mortgage rates. Many buyers can pay cash or take out