Dave Ramsey's View On Mobile Homes

[@GodManCan]

My deceased aunt lived in a small mobile home most of her life. The thing looked immaculate. She told me that she was the happiest person on earth.

[@thomasjust2663]

My brother got tired of paying the insane amount of property taxes, he moved to Mexico were he pays practically nothing in taxes and says he is very happy, I guess everything is relative

[@kbanghart]

@@thomasjust2663 what town in mexico?

[@LynyrdSkynyrdFan]

Same with my Mom. She couldn't have been happier in a country club.

[@royhoco5748]

my sister bought a mobile home in 1968 and lived there until she could afford a stick built house, she then sold the mobile to me and I lived in it a few years while saving for a stick built, when I bought my first stick built my father bought the mobile home and moved it to a one acre lake lot. When he retired he built a house around the mobile, he added rooms, a nice kitchen and living room and a roof over the entire project, then he had a nice 3 bedroom home on a lake. When my father passed away the mobile and lake property became the property of me and my sister. I sold my sister my half and she now has a nice lake home and the mobile has come full circle in our family. None of the three of us were looking for appreciation the mobile was a stepping stone for us to move up to nicer homes.

[@zanesutherland406]

roy hoco Cool story! Mobile homes are awesome!

[@tabathia7633]

That my friend, brought tears to my eyes. That MH wasn't just a MH, that was a beautiful gesture that was handed down like a beautiful piece of jewelry. It was looked as if it was a wonderful family friend, a part of the family tree. thank God not everyone thought of it a piece of junk to be used as junk. It is all in how a person sees things, I also would keep this beautiful family friend, she helped everyone that indeed loved her. Thanks for this beautiful story, not everyone sees the beauty of certain things handed down.

[@isaiahayers1550]

How does one build around a mobile home? Are you saying that inside of the stick built house is a mobile home?

[@janebillings836]

I live in a mobile home. I follow Dave’s advice on most things but when I divorced I needed a place to live. I prefer this to an apartment.

[@Learningthetruth7]

Jane, I'm with you.

[@charlesputt8588]

He's not questioning the intelligence of people who live in mobile homes. He's questioning the intelligence of the people who think that mobile homes go up in value. They don't. Look at the price of any brand new mobile home, and then look at the price of the same home that's three or four years old. unless that home was immaculately well-kept and / or upgraded, chances are pretty good that that home has gone down in value. Even if it sits on its own land. So if you're living in a mobile home because that's all you could afford to live in at the time, then there's no problem. but if you ultimately want to own a piece of real estate that goes up in value, you are going to need a more substantially built structure than a mobile home.

[@BoBPrivateSecurity1]

Jane Billings I’m trying to convince my wife into buying a class c for cheap and we own it and live in it until we save up money for a home rather than rent an apartment until we buy a house . What are your thoughts?

[@SethDaughters]

I agree

[@purpletree8965]

@@BoBPrivateSecurity1 Good Plan

[@marilynb8136]

My husband and I are elderly, disabled and retired. We live in a very old mobile home that is on 5 acres of land. Our property is in an isolated area of the hi desert in California. Our home may be old, but it's paid for. We have no debt. We live a decent life and are happy. But not everyone would want to live as we do.

[@Bri11ante]

How much rent do you pay in taxes?

[@annastarr2043]

Wishong you well

[@Learningthetruth7]

Here is one thing to consider. If you simply rent an apartment for $1,600 per month you lose 100%. If you purchase a manufactured home for the same monthly payments when you go to sell there is value remaining. In our area, the homes increase in value. Maybe it doesn't appreciate like a stick-built, but it isn't throwing all your money to a landlord. I vote for the manufactured home which is now built better than ever.

[@Evycakez]

1500 for a studio, had to move back to parents cuz it wasn't worth it.

[@Alvin_Vivian]

Good point, but it's still less than ideal.

[@kbanghart]

@@Alvin_Vivian well yes sometimes we can't get the ideal

[@nunyabusyness762]

@@kbanghart In my state, a $1600 apartment in the city doesn't exist. And apartments in the country don't exist. I realize that could just be my area though. :(

[@chromeheartdrip7025]

@@Alvin_Vivian but you will pay 1600 worth rent for an apartment?

[@DaliaMiller]

Y'all I don't think the problem is the mobile home itself, the real problem is not owning the land its built on

[@sandyxloredo]

Dalia Chatters 🔔🔔🔔ding ding ding 🔔 🔔🔔

[@stevecaswell]

Exactly. When you own real estate it's a whole nuther thang. I owned real estate in the past and I won't do it again. I may buy a mobile home however since it's not a whole lot different in comparison to buying a car.

[@purelovexist]

Yes, land in my area with just a mobile home it is still a quarter of million. As long, you have land and good land you are good!

[@ivankrushensky]

For sure....he says he owns 4 acres under it. He only owes 46k? That's not a bad deal assuming he has water, gas and electricity run to the property.

[@Tricksterwolf_forever]

Absolutely! We made this mistake. We loved our double wide home. It was loaded with the best of the best. But we had to pay rent on the land and they doubled the rent every year. In the end we sold it for exactly what we bought it for.

[@magsrl4579]

my husband bought one for my parents since they never prepared for their old age. is in our back yard and I say they are happy there. cost us 10K and has everything they need. I know if we ever sell it will never be worth what we paid, but i'm glad we could do this for my parents. it gives them some freedom, and us as well.

[@johnking1079]

Why sell it... If you no longer needed it for your parents, it would make a really good revenue stream. I used to rent a few out for about $600 a month. The thing would pay for itself in little over a year.

[@lolipena8051]

Question- how much did you get to get plumbing/utilities routed to it? Also did you guys set in on a foundation or not?

[@mikewizoski7593]

What a sweet husband

[@elba317]

You are a good son/daughter

[@sew_gal7340]

@@elba317 A good son and daughter lets the parents live in the house with them not in the yard like a dog or cat...they are merciful kids but not "good". Unless they are drug dealers or horrible parents i can see the reasoning but thats just nuts.

[@yellowtevo]

I'd rather have a cheap house on a huge piece of land so I have some peace and quiet, I disagree with Dave on this one. Once the house is paid off, this guy will live easy.

[@dexter131]

A depreciating house will never help you be worth a million dollars. Not a big deal to some, but I've been able to take advantage of equity in my assets in the past allowing me to continue growing and moving forward.

[@limerind7493]

Willow Many still believe that the land is the true freedom! Too much emphasis is put on stressing to pinch out every possible nickel

[@BlckCloud73]

...and he has land for his children to build on.

[@Missmurder8905]

@@dexter131 but the land itself is what will go up in value in the long run, so it doesn't matter. Land is worth more than any type of house you'll ever put on it.

[@dexter131]

@@Missmurder8905 I do agree, real estate is almost always a good long term investment, even if it is just bare land. I think land is honestly the best long term investment one could make, especially if it's in a place that will potentially be built up in one's lifetime.

[@2005RavenR6]

I just bought a house after living in Mobile homes for 18 years. I'll take a mobile home over an apartment any day.

[@MnRCDad]

2005RavenR6 good to know

[@GrowBeautifullyFree]

Same here.

[@playhooky]

Amen, same here! Dave is out of touch with poor people & even low middle class. All houses & real estate does NOT go up in value!!!

[@markmilliken4625]

@@playhooky he is. He should go to Boston MA, NYC, LA, on $50-75k a year before state and federal taxes and see what he can do. I love Dave on most of his advice, but this one I’d spit at his boots if he insulted me like that

[@ellisz5972]

If your choice is owning a mobile home or renting an apartment, the choice is obvious. (But try to avoid renting the land that it sits on or it's not much better)

[@dougfrisvold4473]

My mobile home is paid for and my land is paid for so i dont have a 30 year mortgage

[@TexasBestLowboy]

Thats the goal mo matter what. And if a mobile home is the route that gets you there they id be happy who cares really if your happy and it helps with the stress of life.

[@robertmcgee141]

A mobile home might not go up in value, but on a month to month basis it’s cheaper than renting a house or apt. Allows people to keep more of their income to save or spend. Modern mobile homes are very nice.

[@probablynot1368]

This is true if you own the land where the mobile home is located; however, many folks can tell stories of mobile home park space rent sharply increasing in the past four years as the economy has rebounded. I know a couple who are currently paying $700 per month for space rent in Santa Paula, about 16 miles inland from Ventura, CA. It’s easily double that along the Pacific Coast.

[@lynnv8501]

Where I am the space rent for these is almost the same as renting an apartment. Factor in maintenance on a mobile home, after the actual payment on the mobile home it becomes the same as renting an apartment. Plus, there's been a 15 year trend of depreciation on the mobile homes. So, they are not a good investment. But, if you own the land it's on and you have goals with the money you do save then they can be a good stepping stone to an actual house. This is not the case for most mobile home users.

[@robertmcgee141]

Lynn V your right about space rent. If that’s not much or you own the property it’s great.

[@pdales2257]

But they don't want you to know that. They want Americans renting till their dead.

[@broc212]

Except they generally do go up.

[@suzielong8802]

I live in a year old double wide in Florida that stood up to 130 mph wind during Hurricane Michael. They are built very well here in Florida. They have to be built to code. I love mine. To each his own.

[@margietucker1719]

Suzie...I live in Texas, yet there is a manufacturing sticker in my utility room that says my home is built to withstand hurricane force winds. Over the years we've had many times of very strong straight line winds...which blew out windows, shingles, etc.of neighboring houses. Inside my mobile home...you could barely feel it. My windows barely rattled. Yet people all over town had massive repairs to their conventional homes. It's all in how it's built.

[@kelly-dl6zp]

No way did your a mobile home stand 130 Mph winds but it prob took 80 mph ok. I live in Florida and went through about 8 hurricanes so far and depending on how the wind approached the storms make a big difference. Glad your mobile home made it and there are several now that are beautifully built to where you can’t even tell it’s a mobile home. I looked into a mobile home before building my concrete block home and couldn’t get financing from a bank because the land was valued more than the home. Several friends live in mobile homes and the love them. Land is precious, noisy neighbors are not!

[@STScott-qo4pw]

Caution: codes are written by lawyers, not human beings... At the very least tradesmen. Code is the least you can get away with... Best wishes.

[@donsullivan6199]

Yes I also live in a mobile home and love it. But it it not going up in value.

[@LakeHowellDigitalVideo]

@@kelly-dl6zp Agreed. Doesn't matter how strong a mobile home is built -- the lack of weight of mobile homes (needed in order to transport them to their location) turns them into projectiles once winds exceed 100+ mph. No way does any mobile home survive 130 mile per hour winds -- anchors can't change physics. Even concrete homes begin to structurally fail at 130 mph winds.

[@cm01]

The money lost to depreciation every year needs to be compared against what can be done with the money that's freed up from having a much cheaper living situation.

[@vangtk10]

People judging trailers when they have never lived in one. My uncle bought one in good shape for dirt cheap: $1000. 2 bedrooms, 1 bathroom, kitchen, living room, and he added a third bedroom. New plumbing, HVAC and electricals. Costs for updates: $1,000. Mortgage: none. Lot rental: $300/month. Utilities: $120/month. Total monthly costs: less than $500. I guarantee you won't find anything more affordable.

[@daveschef]

Your comment describes my current living situation to a 'T.' I'm so glad I made the move from an apartment in PA to a trailer in AZ. BEST MOVE EVER! I don't think I would ever move into an apartment again. I've never owned a house as I couldn't be BOTHERED with a mortgage, LOL! I just LOVE my trailer!

[@bar8665]

$300 every single month for a lot you will never own? No thanks.

[@jacquelens]

This is what I did, too!

[@Silent71Knight]

@@bar8665It's pretty muxh just rent. Once it's completely paid for and you have enough saved up for a house, You could always rent it out and slowly save up money to transfer it to land you do own possibly in a more desired area.

[@seaturtledog]

this was never discussed but you never want to pay rent for the property. PBS did a show about this and their lot rent up to 800 a month and their homes were the big ones that would cost over 15,000 to move!

[@x00p3]

Not everyone is planning to sell the home they live in.

[@makeover100]

I agree

[@DickinsonLivingInDickinsonNort]

Yup, much happier on your own 5 acres with a trailer then jammed in a subdivision.

[@pawsnotclaws2772]

x00p3 yup

[@MnRCDad]

makeover100 dude for real

[@supermanprime1281]

@@DickinsonLivingInDickinsonNort 💯💯💯

[@PC4USE1]

If you consider a mobile home as an investment that you intend to sell,Dave is right. If you are using it as a place to live and are saving money in the long run,it is fine.If you are older,the mobile home may outlive you.

[@mrdanforth3744]

Mobile homes make an excellent investment. You can buy a used mobile home for $5000, fix it up a bit, sell it for $7500 to $12,000 and take back a note at 12.75%. This is standard interest rate on mobiles because they are not real estate they are personal property. I know of people who make a good living doing this.

[@stevecaswell]

I bought a large mobile home years ago. I renovated it and when I sold it I doubled my money. So why would it not be a good investment?

[@wlonsdale1]

@@mrdanforth3744 most people aren't flippers

[@ellisz5972]

@@stevecaswell Buying a new one is where the horrible investment comes in. Same with boats, cars, RVs.

[@sew_gal7340]

@@mrdanforth3744 You know what he meant, dont act dumb. I was going to buy a tiny home but realize i intend to live in it long term and dont want my home to lose value. so i bought a 300k house instead.

[@missdesireindependance5194]

I live in a mobile in the south and it's the best decision I ever made. My choice was to rent or buy a low cost mobile home. My home rarely needs repairs and I pocket the rent money and got me a nice car. I have a nice yard and it will hopefully last for years. I could care less about the value as my home was only 5k.

[@domesticviolencemastery3609]

@Miss desire independence What state do you live in? I live in Maryland and am looking to move to a different state that is more affordable. Are the taxes good where you live at as well? Please respond. Thank you!

[@kaohsiung99]

@@domesticviolencemastery3609 Manufactured homes are rarely put up for sale here in our part of Tennessee.

[@missdesireindependance5194]

@@domesticviolencemastery3609 I'm in louisiana. If you want housing without home association fees head to Mississippi, Alabama, south carolina, Georgia, Arkansas. The only downside is the job market sucks in the south.

[@pdales2257]

Smart lady!!

[@missdesireindependance5194]

@Bobby Shupinski it's $160

[@OttoMatieque]

mobile homes are a cost avoidance tool, not an investment.

[@kkknotcool]

I've got news for you. All investments are cost avoidance tools. A new big lawn mower for your lawn-mowing business is a labor(cost) saving tool. A new bigger shipping boat for your shipping company is a fuel(cost) saving tool.

[@lark6spur]

So what???

[@chrisludwig9783]

Perfect way to put it

[@kkknotcool]

@@chrisludwig9783 You will not succeed if you think there is a difference between cost savings(avoidance) and investing. The value of any money making thing,(business/person/tool/property) is completely in how much cost it avoids. A house in a big city vs 30 miles out of the city saves a 30 minute commute and is priced higher because of that savings value. Cost savings is the exact same thing as investing.

[@garybrinker4522]

Been cost avoidance in mine over 40 years on our own 5 acrers.

[@honestlynate7922]

I live in a mobile home on 7 Acres. I don't pay someone like Dave outrageous amounts of rent with nothing to show for it. Instead my home cost me as much as your average brand new truck. I live in a beautiful neighborhood in rural Mississippi and I have no mortgage. The biggest bill I have is $175 electric bill. so while most of you have $1,000 plus mortgages I get to put 1000 plus in my bank account every month. I own my home even if it is a trailer. I also have seven acres in a town where in the past 3 years are per acre value has went up almost 400%. our Acres are worth more than what we paid for our home 4 years ago

[@massey_2298]

Joe King desoto county?

[@drink15]

Good for you and your model home, but my house is better.

[@YeahSureNoWorries]

you must be Joe King

[@Mizmoon2020]

If you are happy and secure, then you are a huge winner :) Good for you.

[@jimplatter6179]

The only problem with that is as your property value goes up so do your yearly taxes on your Property.

[@AcornHillHomestead]

Every situation is different. We used to park a camper at a camp ground in a rural area with a huge lake so we did not have to tow it all the time. The annual cost was getting ridiculous so we found a cute little trailer home 14 x 70’ in a neighborhood on a quiet street as close in walking distance (less than a city block) to the same lake as we had the camper which we sold, and we did not have to put up with the camp ground noise. So the taxes were cheap and my husband is extremely skilled in renovating homes and we decided to go that route. it was a win win as we then had a place to store our boat where we actually use it more. He sided it, raised the roof, we planted trees we dug from the area for nothing, painted the inside, added a screen porch to the deck and put in a new kitchen. It looks fabulous and for very little money because it was all DIY. It has doubled in price since purchasing it 14 years ago and the taxes are still very low. we used it lots and had family and friends stay too. We have since stopped using it because we loved the area so much that we renovated a local foreclosure close by so we can retire there very soon. (No mortgage there and are selling our current residence and keeping the cash!! The trailer has been a blessing because now my mom (82) wants to move near us and this place is just enough for her to manage, in a safe area and we wont need the proceeds from selling it for quite sometime anyway. In the end we feel it was better than paying for a spot at the campgrounds and getting nothing for our money. And now we have an asset to sell when my mom is done using it. 😉

[@judithneeley5229]

Well done!

[@stevecaswell]

Good move. I've been in construction all my life and I am accomplished in several trades. I bought a mobile home quite awhile back that needed a lot of work. I renovated it and when I sold it I doubled my money on it. So much for Dave's opinion that they are not a good investment. He just doesn't know what you and I know.

[@Asigedge]

I think dave has forgotten 2006 to 2013. My father bought his home in 2000 for 340k. It was valued at 485.5k in 2006 after he put work on it. The recession hit, he lost his job, the home was valued at 89k in 2009 (this was broward county florida btw) No equity. It was tragic. Now hes in a 4 bd double wide home on 5 arces that he purchased for 47k in 2014. He has never been happier. As of 2019, he paid off the entire purchase. Now hes debt free. My dad is in his 50s btw. I am going follow his steps. I dont want to buy a home for 300k then have to shell out tons of money in interest and run the risk of another recession, id rather put that into my retirement. My dad truly believed that he was gonna sell the home once he reach retirement age and profit. He lost everything and had to file Bankruptcy. Its was so sad.

[@jaredfrazier2216]

So misguided

[@staxoffunk1863]

mobile home on a nice rural piece of property is different then same home in a trailer park where they are side by side to others

[@bar8665]

True. Totally different scenarios.

[@RandyFricke]

Not really.

[@MikeBarbarossa]

Yes a nice rural set up will retain value fairly well. The problem is banks don't want to loan anything on the value of the structure

[@sierrachoco5271]

@@MikeBarbarossa and there's a reason banks won't finance them - don't buy anything a bank won't touch!

[@JT-id9nn]

Actually you can pull up rural real estate listing and there are plenty of manufactred homes for sale. I would rather live in a high end 2000 sqft double wide than a brick house built in 1975 that needs tons of updating.

[@lesferrin]

I am single now I bought a 1500 square-foot module home on 3 acres in Moab my taxes are $350 a year

[@blueoval250]

That’s outrageous! I’ve got 70 acres mine are 475

[@dcg590]

@@blueoval250I have a home on 1/3 of an acre in Massachusetts, our property taxes are $7500 a year

[@coldtool2850]

Disagree Dave, in my opinion the stability of having a soon to be paid off property at that income level is worth the lack of appreciation.

[@davem4193]

I totally agree, Dave is way off here. Once that guy pays off his mortgage he opens up a lot of money to either save for retirement or pay cash for a house down the road.

[@Mehwhatevr]

@@davem4193 that's exactly what Dave said. As a home, assuming you don't go nuts, they can be great. You can be comfortable and so forth in them. and, assuming you didn't go nuts, a mobile home, as opposed to an apartment, can allow you to save money up for a house down the road, etc. as an investment, they're terrible.

[@redbirdSmith-jz6fj]

Found 20 acres for 3grand an acre. Put a 50.000 modular on it and lived on it for 9 years. Got offered 26 grand an acre for it. Sold it. Walked after expense with 175 grand. Invest in the land. Live in the cheap house. If the land is a good by the house is a no brainer.

[@mschivas9356]

I live in california. Mobile homes have absolutely appreciated in value, even ones in parks that are selling the same day they're listed

[@cificare2184]

Sometimes I think we worry too much about appreciation.

[@rickowen4410]

Our bodies depreciate quite a bit over time and require some very costly maintenance. Sometimes our relationships do too. But not sure what we'd substitute for either. There's much to appreciate in life even when certain things don't appreciate for us.

[@rottmanthan]

appreciation is only a good thing if you plan on selling anyway. or like in my case if the value stays the same or slightly goes down it will only help when paying the taxes.

[@AdamSmith-gs2dv]

My parents used to own a big house, they said it was one of the worst decisions they ever made. I'd rather live in small house or RV and have a smaller Mortgage than a massive house with a huge mortgage I can't afford to put furniture in

[@jaredfrazier2216]

So your parents are dumb and they bought a huge house they don't need and because of that you're scared of houses ?

[@njsongwriter]

I think there may be exceptions... We bought a doublewide mobile home for $40,000 (paid cash) 3½ years ago. It was built in 1996 but in excellent condition. Roof only 5 years old. All appliances included and the small lot was included as well, so there is no lot rent. Property taxes only $500 a year. We had a home like this in the past and paid $69,000. It was in a one acre lot. We lived in it for 20 years and sold it for $83,000. Currently we are retired and it really doesn't matter to us if our present home goes up in value or not. And we get a rebate of $250 a year on our real estate taxes because we are retired seniors in Pennsylvania.

[@duanejackson6718]

I live in a van down by the river.

[@annastarr2043]

Lol

[@JB-wr2lx]

I’m near the dump

[@rhdk9]

Nothing wrong with that

[@wesleyadams5433]

I live in a van near the dump.

[@Josh0718]

I aspire to live in a van down by the river.

[@AD66Liberty]

The benefit with tiny homes is many of built then without debt and can live without a mortgage or rent payment while they save money for future goals. The depreciation doesn’t seem to be a big concern

[@outdoorsnevada4138]

Steve Wiseburn Exactly and if they were to lose it... it wouldn't matter because it wasn't a huge debt. We dropped 30k to build my grandmas small house. It cost 30k in materials and such and she has her own 1,000 sq foot little house. She could have also bought a Mobil home but would have cost a bit more because labor fees and such. People want a home that is paid off sooner rather than later.

[@latimer442]

Modular homes and mobile homes are not the same thing...

[@nrsimmons178]

Technically they are-the only difference in name is the year in which they were manufactured. Google will show you the way. ;)

[@Julie_Truly_in_KY]

nrsimmons178 no...modulars don’t have the wheels and hitch underneath. Trailers do.

[@nrsimmons178]

@@Julie_Truly_in_KY Most of the old homes don't have a hitch and wheels underneath, but all are assembled on site, hence the mobile/modular connection.

[@isaacgogel8259]

@@nrsimmons178 modulars are built on stick frames. Double wides and trailers are built on metal frames. Duh.

[@nrsimmons178]

@@isaacgogel8259 Thanks, Isaac. I'll pass your "duh" on to my carpenter husband who actually builds homes and knows the difference. Have a nice day.

[@joshgalt2022]

Mobile homes have not been manufactured since 1976. Manufactured homes are now what are on the market and they appreciate at the same rate as stick-built.

[@hedgiegal3340]

We love our manufactured home, it was very much the right decision for us. We now own our home outright and are mortgage free! Plus the home is brand new and GORGEOUS.

[@berniecolling3697]

Dave Ramsey doesn't know what he's talking about I love my mobile, best investment I made. I'm just passing through anyways.

[@kdkdkd4153]

NJ has a lot of restrictions. "Climate" fears.

[@azramarlee1534]

@@berniecolling3697ok I have a questionnnn

[@charolettevineis4673]

My husband and I live in a 70's trailer in a senior park. It's paid off an we pay lot rent. Will never be able to buy a house. That's OK, God has blessed us in so many ways! Car paid, and are saving for him to retire (I'm on SS disability) Tithes come first then offering and helping others when able. We thank God for His grace and the ability to be content.

[@AbersonPlastering]

Amen

[@trigger5.563]

For me right now I will rather pay for a mobile home I can own than to pay rent for nothing.

[@muffemod]

Pay rent for a place to live :)

[@romybobby]

I inherited my Dads Mobile home I only pay $1,000 for my lot space rent which is the cheapest in Southern California I am planning for the future when I have to re locate either in California or in a another state. Apartments are to expensive renting homes nowadays if you are not making $100,000 yearly even at that when not on top of your finances. You could lose it all as for me I am living check to check and I have side hustles this Mobile home I can afford. I li 5:08 ve within my means now.

[@lindseysturkie2205]

I agree with others here. Sometimes and on some situations a " mobile home" is your only option. As a young Navy man with two babies, and relocating every couple years it was a workable solution (plus the Navy moved it). Did I want nicer bigger "real" house, yes. Did people look down on me, yes. But it worked. I didn't look at it as an investment to go up in value. It was the best home I could afford at the time. I think Dave is missing the point in this issue.

[@erichesse2959]

Dave most likely your caller with the 46K mortgage on 4 acres is paying less then $400 a month before taxes and insurance...w/ 60K income..looking at a housing cost probably at around 11%...that's amazing...even if he is staying even or loosing a little...I think, he should stay with that property...with a little effort he could pay this off quickly and be free and clear...depending on lifestyle and other obligations...

[@dbdbprairie3804]

Paid $2,000 for my trailer. $36,000 for my 40 acres. It's all paid off. Didn't wanna move my family into one but couldn't pass it up.

[@GUITARTIME2024]

I hope it has 2 doors for safety.

[@mikelang4853]

Now you could also build a home on your land.

[@YeshuaKingMessiah]

Peaceful Music just have house type windows and you can get out them instead.

[@Efferheim]

Absolutely sound idea. Dave suggests spending small amounts to get things started. Buy a cheap car for $1000, so a trailer at $2000 is right in line. Save money, build a house on the property over time and you’ve increased your investment many times over.

[@hunterjohnson4954]

40 acres for $36k? Holy smokes that is awesome

[@outdoorsnevada4138]

The reality is mobile homes have improved their quality by far. My parents bought theirs 22 years ago. There have been some repairs like any other house but it has been a wonderful home. If you take care of it then it will take care of you. Don't throw tantrums punching holes in the walls,breaking out windows, and such so your home will last. Give it some fresh paint every 6 or 7 years and most people won't be able to tell how old the home is. Many people think my parents home is less than 10 years old who havent known them long. They didn't see them buy it all those years ago. They bought an 5 bedroom 1800 sq ft mobile home for $80,000 which was much cheaper than a regular so called house at that time. There place with home and 5 acres is worth $250,000 now. They paid $80,000 for the home and my father paid $40,000 for the land. Yes they paid interest on the loan but $120,000 buying is now worth $250,000 .

[@Camperhollow]

Dave, your view on mobile homes is a lot different than mine. I've been in home building and construction all my working life and I'm accomplished in 4 trades and know enough about the others to be effective. I know not everyone can remodel a mobile home, but if you do it is the best investment you can make. I bought an old mobile home once and remodeled it. I stripped the kitchen cabinets, rebuilt then, refinished them and put a new counter top and sink in them. New carpeting throughout the home, etc. etc. I didn't do anything with the exterior and it needed a paint job desperately. We were in a recession at the time, this is going back about 25 years ago. I put a high price tag on it and let it sit in the listings like that for awhile. I knew it wouldn't sell but I wanted to build value. I know people would drive by to look but kept on driving because of the exterior. When we came out of the recession I gave the outside a good paint job and colors that would attract the eye. Then I lowered the price of the home a couple thousand dollars. Once I did that I had people literally lined up to look at the home. And several wanted to buy it. It was a matter of who could get the financing first. I had the home almost paid off and withing a short time I sold the home for twice what I paid for it. I paid off the current loan I had on it and bought my next one for cash money and I had $5,000 left to put in the bank. When I fully retire, I plan on doing it again as long as my health holds out.

[@deemueller6470]

That is Amazing. I am glad this has worked out for you. May you be blessed with good health and many happy returns in your endeavors.

[@jerlstif]

I appreciate your perspective on mobile homes, and I’d like to think that most people realize are going to go down in value. I knew that is soon as I bought mine. It was my first home purchase. I live in an oil field town - a very small one - where rent for a one bedroom apartment, if you can get one, ranged from 1200 to 2400 a month. But for a three bedroom two bath very nice manufactured a.k.a. mobile home; the mortgage was 850 a month and the lot rent was 250 a month. so I save money and got more space than renting. so in my particular case it made sense to buy this home. I know it will sell for half of what I bought it for when I decide to move out; but what I get for it: I can use as a down payment for a house somewhere else

[@yolandalujan9726]

It depends on each one individual. Life here is temporary. . Yes, God wants the best for us but we are all in different stages in life. I have friends that live in mobile trailers right now and are happy. They are debt free and have fixed them really nice. I use to live in one too. They are made better nowadays. We must ask God for discernment and He will guide you. .

[@chameleonsandcaramel5979]

Amen!

[@ravenzyblack]

I mean, if we really want to follow the teachings of Jesus he didn’t live in a mansion. He walked everywhere. There is something to be said for the simple life.

[@redpilljoker6634]

Question why is everyone focused on the value of the home instead of the fact that someone has a home, if you plan on selling it I could see it not being a long term investment but if you plan on staying there what's the issue?

[@sunset6010]

Redpill Joker. Exactly !

[@ChrisMFlorida]

Because this is a financial show and he called in.

[@brandoncaldwell95]

Depends on factors. If your home stays say $15,000 and in 20 years you get $15,000 you technically lost money due to inflation. It makes your net worth less, and overall a loss. Like my land. I bought it at $155,000 with nothing on it. Simply cleaning it up and putting a tractor barn increased its value to $206,000 while only putting $14,000 into it.

[@gersonadr2]

Even as home-occupy you might decide to move out later because of XYZ.. (family growing, job opportunity elsewhere or what-not). I would sleep better knowing I could move out without losing the principal.

[@iaJENKA]

This is why I disagree with Dave.... he tries to offer a one type fits all solution when in truth it depends on each individual situation. For many people a mobile home is the perfect answer to their problem, it doesn't necessarily need to appreciate as fast as a house, but he is making it sound like mobile homes don't appreciate at all or that you can't remodel them and build a garage or a front porch onto it to make i look nicer. It would be better if he would teach people to live according to their means and not try to reach higher than they can afford. And further down the line if a mobile home owner wants to put in sheetrock, siding, a new kitchen or counters or even raise the roof on their mobile home, they can always do that... I've seen people do that... those people have paid off homes which they wouldn't have if they had gone the stick built route.

[@airamericaflightsimulation466]

A mobile home on land is like Gold! Very low taxes. Very low monthly payment. Great to retire in. Hard to find because of zoning. If you do. It's great! Keep it!

[@cattsmahal1005]

Dave says get rid of the car a and get a hooptie. I got rid of the rent instead and bought a van to convert “Van Life”. My goal is to be debt free in 3 years (including my NEW van). Please pray for me to stay focus. ☺️

[@kaohsiung99]

Hope all is going well. Can you give us an update? Best wishes!

[@Artist_Rafael]

You got this

[@georgewagner7787]

I wish I had those skills

[@gentilejoshsaved1646]

What about asking him how long it will take to pay off and have no payment? Plus the land will appreciate. Bad advise i think

[@davidfoulk3078]

I lived in a trailer park once and had a blast talk about living cheap and care free.I had so much time to do other things in life ....unlike today!

[@johnd4348]

Dave looks at everything as making a profit on everything. Some people just need a good place to live and not have a hugh house note . They may not have 20 thousand to put down as payment, but they may have 5000 to put down and can pay off their mobile home in 5 to 10 years vs 30 years and only pay say 50 k for it. If they live in it for 20 more years they have come out way ahead. Many people I know live in nice RV's and have no house note. They save 1500 dollars a month . Dave's world and the rest of America are miles apart. And yes DAVE my house is paid off ,which I paid CASH for and drive old used vehicles , which I paid cash for, and have several million dolllars in my retirement accounts.

[@playhooky]

Amen!!!

[@stevecaswell]

You are right on. Dave is rich, not everyone else is rich. Your best information will not come from a rich man. At least spiritually speaking that is.

[@InvincibleMegaBeast]

I listen to Dave about debt management and how to get out of debts, I don't listen to him when it comes to life or financial investment.

[@BeautyMommysUnite]

@@InvincibleMegaBeast same here. Hes not very smart in those departments.

[@nova31337]

The caller was specifically asking about selling it. Dave obliged to tell him that the type of home may not sell well. That was pretty much the end of the call, but he went ahead and pontificated on the ramifications of buying types of homes that may have trouble being sold if you're not planning to keep it long into the future. So long as you're fine with knowing that what you're buying into won't appreciate in value if/when it comes time to sell, then you do you. Use the cost savings in other ways to build up your income. You can always buy/build better down the line if you invest your savings well.

[@johnd4348]

Not all traditional homes go up in value. It depends on the location . 95 percent of the people who sell homes never make any money off them no matter how much the price of the house goes up. By the time you add in property taxes, insurance , and yearly maintenance you eat up all the increase in any increase in the house value.

[@judithneeley5229]

You are discounting the fact that you can lower your taxes by deducting your property taxes and interest in your annual 1040 tax return on your schedule B, so yours is not a fair statement.

[@njsongwriter]

@@judithneeley5229 You often don't lower your income taxes that much.

[@judithneeley5229]

@@njsongwriter When I bought my double wide, I was single with zero dependents and paid maximum taxes. Six years later, I had paid down the mortgage so much that you're right, the deductions didn't add up that much, so then it was time to upgrade to a sticks and bricks home. The tax advantages for me were the first 6 years in the mobile. I also sold the home for what I paid for it, so I then had that money to use for the down payment of a 'real' house. I originally bought my mobile for $32k, monthly space rent back then was about $250, I took the tax deductions, six years later sold for $32k which was not taxable income. That was my first step in home ownership. It worked for me. Essentially, I was really only out the monthly space rent which was cheaper than had I rented an apartment somewhere. A friend fronted me the $5k down payment for the mobile., and later gifted that to me. So for someone without much, I started with $5k and 6 years later was in a real home.

[@Thingsfun4me]

large expensive living areas are sooooo overrated. I’m ditching the endless, ENDLESS responsibility of home care/maintenance. Not so I can rent and pay off somebody else’s mortgage, but purchase a glorified dog house and travel the country.

[@kimik01889]

Good for you

[@frankcicero4444]

Speaking as a baby boomer living NYC living in a mobile home is not taboo and the build quality is better than most stick homes from a reputable manufacturer. I understand Dave s point but it does not apply to everyone because we all have different circumstances.

[@youtuber6185]

Dave’s Point is that they don’t appreciate generally but rather they depreciate. In reality though if you pay cash or pay off quickly it does fit his general advise to get out of debt.

[@bsa2506]

I love Dave put you are one million percent wrong. I bought a mobile home on 3 acres and was able to start my business breeding showhorses. Started with 2 and was able to pay it off to move up quickly. I now own 60 horses.

[@mannurse7421]

Lol funny I dont remember anything in that video about breeding show horses.

[@stevecaswell]

Excellent move. Mobile homes are definitely better.

[@nova31337]

The talk was about the person on the other end of the call wanting to sell their trailer. If you're happy with a trailer and plan on using the cost savings to put towards something else that can make you money, then more power to you. Dave is saying that trailer/modular homes don't go up in value and are also harder to sell because more people are interested in buying standard built homes, which is true from a statistics point of view.

[@Jimmy-ph8xn]

How much is appreciation of a traditional home really worth if you pay several more thousand dollars in interest on a mortgage to possess it?

[@Robertjsmithforhire]

Bingo!!! The 40% price difference makes up for any increase in value. Pay off a mobile home in 10 years. Did your stick built INCREASE in value by 40% over that same 10 years? Probably not.

[@sierrachoco5271]

Exactly!

[@lamperist]

Sometimes when people buy a trailer or tiny house they're just looking for a place to live not a f****** investment

[@theMightyWhytey]

That's fine, but people should slide into them knowing its a liability not an investment. He didn't even put those options down he just said they won't appreciate in value like a traditional home. (He even told the guy that it's no big deal)

[@sneh208]

I am thinking to buy as an investment and lease if on Rvtrader or outdoorsy. Any one has experience on that?

[@first9299]

Agreed and that's what they're meant for. Buying a pre owned mobile home if you have land to put it on gives a secure shelter and is better than renting an apartment

[@Officialcbr]

Precisely.

[@ravenzyblack]

@@theMightyWhytey- it’s like people seem to forget the housing crash of 2008, it can happen again. Hundreds if not thousands of people lost it all and ended up homeless.

[@GenerationalDysfunction]

We live in a mobile home park. Good thing too,I was diagnosed with an incurable disease and we ended up raising our grandson. We paid 15,000 cash for our mobile home that we only needed cosmetic changes on and we were able to buy our own business. The best thing about the park is that you must pass a criminal background check to live here.

[@davematt7]

We purchased a home, lived in for ten years, and when we sold it was then informed it was built off site. It had a full basement and was attached together in the attic. We had no idea and it was a great home. And when we sold it, it did show appreciation. Would definitely do it again.

[@themotorcycleguy5980]

Daves logic: Even though you have land paid for and have a nice 1 year old mobile home that you could probably pay off in less than 2 years and be debt free; sell it Now buy a 150k - 200k - 30 year old worn out house and since its a "real" house, you can then spend your next 20 or 30 years in debt trying to pay it off and then, but just in case you ever need to sell it you can get your 150k back instead of losing like 30k in a year to the trailer you paid off but not having to make a mortgage payment for 20 years.... *Note: if he was to buy a house for over 100k and have to pay on it half his life, hes not guaranteed the price of the house will go up. So on top of that you add in the interest that if you paid it off in 20 instead of 30 years, youll still have thrown away 50-60k in interest. VS losing 40k on the trailer you paid off 2 years after you had it and then was able to save probably $400 per month for say 120 months, thats $48,000 you wouldnt have to be putting to a mortgage, where a % would go to interest...... Good logic.....

[@jaredfrazier2216]

Jesus you would think someone who types an essay would know anything about what Dave's preaches. Made yourself look like a clown

[@stephencullum8255]

Housing is a living expense. Unless you get into a frothy bubble situation they go up about the rate of inflation long term. And often are not that liquid. My personal opinion is buildings go down in value while land often goes up in value. The land choice is more important. So I would buy adequate housing at the best price and put more money into other investments that grow faster than inflation. Just saying.

[@Missmurder8905]

Thank you. That's my point.

[@iomis2001]

Some people buy a home to spend the rest of their life in. If you plan on doing that, the up and down value does not matter.

[@--..__]

But then why are you listening to this guy lol

[@kimik01889]

Exactly!

[@jungojerry1658]

I bought my single-wide, 14 X 56 mobile home - in a senior park with the lowest space rent in the entire city - with water, garbage, sewer included - in 2004 for $8,000. Today, with neighboring apartment rents going up like crazy, I've been offered over $30,00 for my lil ol "trailer." That turned out to be a *great "investment".*

[@kimik01889]

"Trailer" really triggers you doesn't it?? Stop looking for outside validation. You like it, that's all that matters. Who cares if you were offered money for it. Do you like it? Good! Everyone in these comments are crying like children😂😂

[@ravenzyblack]

@@kimik01889- no one‘s crying like a child they’re just stating a fact that he’s wrong about mobile homes and trailers. The dude is worth millions of dollars. It’s been a very long time since he’s ever lived in a tiny house, as a matter fact he just sold his home in 2023 for $10 million.

[@atywood]

I live in a double wide- on ten acres- one simple reason * owned outright* with a small amount of money you can get a stick built home on a postage stamp lot, or get the same square footage with a manufactured/modular/mobile home and several acres... I choose privacy (and they aren’t making any more land!) But I have been systematically going through to make any changes that make it appear as a real site built house, I like the look and feel better.

[@ThinkBlueAZ]

Dave doesn’t know what he is talking about here and implies that the only reason to own a home is for it to appreciate in value. Yes, mobile homes do depreciate, but they are also far less expensive up front than a site built home in a subdivision and, therefore, take much less time to pay off. Not to mention, many markets see very little appreciation in site built homes...the truth of it is that a home purchased to be a residence is never an investment. It’s a liability...takes $$ out of your pocket rather than putting $$ in your pocket. From that perspective, mobile homes take less out of your pocket and a finance expert advising people in how to live within their means should consider this an advantage that mobile homes have. Dave just perpetuates a long standing and ignorant perspective with regard to mobile homes.

[@graceamazing5981]

We bought an almost new, used mobile home for a couple of thousand, years and years ago. Rented space near work, and saved for land. Bought a large 10 acre parcel of farm land and drilled the well and saved for a house. Eight years later, when the family outgrew the trailer, we were able to build our own 3 bedroom house designed to meet our hopes, needs & dreams, and rented the trailer for many, many years. It paid the mortgage, improving our life style. It was one heck of a great investment --- It provided a 'paid-for' home for us and contributed to our welfare in general.... we have no complaints ! May sell the house and move back in to the trailer as the children grow and move on. It's permanently situated & lovely! We're happy!

[@MrFindIT]

We paid cash for a HUD mobile home & have been fixing it over the last 3 years. 2,000 sf, on 1 acre of land (bought house and land) paid $35,000 three years ago, now worth $120,000.

[@kellypowell1483]

Leon Carlson where at? Congrats!

[@EDTHEWATERGUY]

It doesn't matter if the place that you live in increases or decreases in value if you are not planning on ever selling it and you are living there for almost nothing. It's better to keep 100% of what you earn than to depend on the ups and downs of the housing market.

[@amandabr9562]

Dave Ramsey you're way off dude. If this man is staying in his home and is never selling it, then he will never be homeless.

[@bellmeisterful]

I see what you mean but Dave pushes strict spending and great saving so his position is to not have the long term goal of paying off a home that does nothing but go down in value.

[@Vagus32000]

I guess Dave was asleep from 2006-2012.

[@davem4193]

I agree. If this guy plans on staying in this house forever then it makes sense to keep it, 46K is cheap money. Once he pays that off he's sitting pretty. Modular houses on 4 acres where I live don't depreciate a whole lot either.

[@PrairieNightMoon]

And it will be paid off so much sooner than a stix and brix house plus taxes will be much lower.

[@RAINMAN309]

You are exactly right that person would never be homeless ever again and that is a really good peace of mind

[@Blue_Newt_01]

Dave’s right... built a modular home decades ago and it was manufactured in NY state where the regulated standards were much stricter than in my home state. Have since divorced and retired and now live in a newer mobile home with renovations and additions on a few acres of land. It’s the most efficient home I’ve ever lived in... could be the little house he’s talking about. And I’m debt free!

[@Auburn-wl7eu]

I have lived in mobile homes and new stick built homes, the way they build new homes I think the mobile homes are built on the same level of quality has the stick homes are.

[@Missmurder8905]

Nowadays they actually are. And most manufacturers will package your deal with the house, land and all the utility lines etc. They use actually sheet rock, 2x4 or even 2x6. You can put all high end finishes in them too for a fraction of the cost.

[@zachhawkins5005]

If you're going to live in it forever, who cares.

[@nicholeknight1893]

That's what I was thinking

[@smcmillin82]

I'd rather live in a paid for double wide and pay park rent that pay $1500 a month rent for an apartment.

[@nellievanellie9935]

I own 5 beautiful acres with a double wide on a foundation, it is beautifully fixed; i also own my own stick house in the city. I am wanting to sell the large brick home and go live in my comfortable double wide on foundation home where its beautiful, quiet and peaceful and cost of living less. My husband does not want to move. So i plan to rent it and place two or three other single wides on the property to rent. All the houses on this 5 acres will not appreciate most likely but i can have cash flow. I can always sell the mobiles and keep the land or sell the land eventually. I am 60. I wish i did this 10 years ago but somehow the older i get the better the ideas; truly youth is wasted on the young:) i like Dave, he is just talking about appreciation value of a mobile home. But at 60, i can tell you with full confidence to go ahead and live comfortably in your mobile home and save money for other needs.

[@ToniSin1]

location, location, location, mobile home, or not

[@steveburden6938]

Bought a nice mobile home in Canada in 2016 for 82,500. Had a lovely deck and beautiful mountain and lake view. Sold it in 2022 for 170,00. We did not own the land and paid pad rent of 340. We moved to an apt to help with my wife's handicap needs. Sure miss that view.

[@austina4189]

I live in a mobile home on a major lake. I'd pay someone to take the trailer away, but the property is worth a quarter million on its own.

[@eileeneclark9011]

8/6/18.....I bought a lot for cash in 1986....I built a nice 1,800 sq ft 4-sided brick home for cash. I lived there from 1998 until 2013. When I sold the real estate bubble caused so many walk-aways/mtg foreclosures resulting in vandalism/squatters in empty homes. My house was worth $200,000. to $220,000. according to insurance policy + building costs----full REPLACEMENT VALUE. But appraisals used ALL recent sales---including all the reposessions---so I finally sold for $120,000.---but had real estate commission + closing costs/points for the buyers' new loan. MY HOUSE WAS SUPPOSED TO BE MY PIGGY BANK FOR RETIREMENT! So I moved to a nice retirement community in central FL & bought a used but remodeled doublewide mfg house with attached FL room + 1/3 acre of land with fenced back yard for my dog. Restricted deed/over 55 subdivision hidden off a main highway with only 53 homes. HOA rules & regulations + NO RENTALS + NO CHILDREN + ALL changes must be approved by the HOA board so the area remains nice. Looks like stick built subdivision from the 70s-80s....& resales are only when somebody dies & their estate is settled. ALL potential buyers are fully vetted & we've had a few bidding wars a few homes. Fixed low HOA dues + low property taxes for seniors in FL. My "real" stick built home lost over 45% in value when it was time to sell b/c of the real estate bubble. BUT I FIGURE THAT RENT @ $1,000.+ MONTHLY FOR THE 15 YRS I LIVED THERE, I SAVED PAYING $180,000. IN RENT + GOT MY EXACT COST OUT WHEN I SOLD! So yes, I bought a mfg home in a desirable community where we each OWN OUR 1/3 ACRE & have lots of restrictions to keep our area safe & nice to live here!

[@mmhervey3449]

I have lived in a double wide and there’s a huge difference in mobile homes. If you take care of your home then you will probably get at least what you paid for it. I sold mine almost 3 years ago and I sold it for a little more then I paid for it. I was happy with that. On the other hand if your living in a traditional home and don’t take care of it, it’s definitely not appreciating in value.

[@themechanicaladvantage]

For everyone shocked that so many disagree with this opinion it should serve as a lesson that you should get more than one persons opinion on ANY major financial decision you make. Nobody is impervious to mistakes. Don't idealize someone and follow their words blindly.

[@jamesssss621]

Nothing wrong with a mobile home at all.take pride in whatever you own.

[@kkknotcool]

You be shouldn't take pride in something that hurts you.

[@Alpinewild444]

James Stinnette thank you, i agree, i’m grateful every day for mine.

[@stevecaswell]

Exactly!

[@purelovexist]

Agree. Specially if it is free and clear. No mortgage is the point!

[@MichelLinschoten]

​​@@kkknotcoolyah having 0 mortgage and bank 80 percent of my paycheck. Really hurts me so badly 🥱

[@rollingacresfarmstead206]

Please go walk through a new modular and manufatured homes. I think you will be impressed

[@sierrachoco5271]

I would highly recommend the manufactured!

[@thatcrazywolf]

Property taxes are assessed on the value of a house. Thus, wouldn't you want it to decrease in value assuming you don't plan to move?

[@kristenbooth1411]

Four years ago I moved into my paid for mobile home (on sale for mid 20K- I won't buy a brand new car but after viewing mobile homes that needed repairs I decided it was worth it to me to buy a new mobile home). I am now in position (because I moved from renting an apartment to living in a paid for home) to look for a piece of land that will appreciate instead of renting in a community. I took Dave's advice in 2008 (yes, during real estate depression) to sell my house that kept me mortgage poor--best move ever! Then in 2012 I made a faith move to TX and love it!

[@DanielSmith-tn8un]

You dont buy a trailer to sell for profit, it's an easy way to live

[@stevecaswell]

I buy them to sell for profit. My first one I bought and renovated I doubled my money on it.

[@brandonknable7890]

@@stevecaswell what kind of trailers do you recommend? And what do you look for when buying a trailer to flip it for a profit?

[@brandonknable7890]

@@stevecaswell would love to know!

[@kaukolaurinolli]

Every home came in on a truck, board by board, brick by brick.

[@wandalanders8700]

yep

[@Missmurder8905]

Haha right?!

[@everettcalhoun8197]

He actually said "if it looks like it was put there by a truck" . I understood his point. He is very condescending and disingenuous to opposing views.

[@RandyFricke]

Sounds like mobile to me.

[@TheLydiaM]

Right but it’s highly unlikely that a mobile home or trailer actually gains equity...ever.

[@margaritaavila2778]

The smart way to own a mobile home is to buy a repossessed one for pennies on the dollar!!!

[@chieftp]

why would they sell it for pennies on the dollar just because they repossessed it? they're still going to sell if for as much as they can get.

[@margaritaavila2778]

chieftp When there is an excess of inventory the banks sell them for pennies on the dollar. Single wide $15K 3 years old.

[@chieftp]

what do you mean "pennies on the dollar?" if someone is willing to pay $15K, then it's worth $15K.

[@margaritaavila2778]

chieftp The regular price is 45K

[@Lee-dn3ou]

Margarita AVILA then put it on real property

[@t20594]

Land ownership is key. The more rural the less it matters. Urban it is just an apartment

[@valdamarielegault1907]

Mr. Ramsey, love watching your shows. Personally given a choice between a rental and a tiny home I would choose a tiny home in a heartbeat. Especially since my husband and I have designed and built our on homes throughout our marriage. Living within a person's means is the key here. Unfortunately where we live tiny homes are not yet allowed. But if I could I would absolutely build a tiny/small home on a foundation, no mortgage, no debt, etc. Living large in a small home equates living life to the full!

[@HayabusaOrlando]

I live on five acres and LOVE IT!!! got me a Yamaha Grizzly 4 wheeler Two motorcycles Pontoon boat Jet skis Trails Gun range Fire pits Outdoor shower Big Ole front deck for bbqing NO HOA And Noone telling me how to live out here. Truly the AMERICAN DREAM

[@thekaerichtexas]

I was thinking of buying one to cut home costs. I'm single no kids 32 and cannot afford a down payment on the average house unless I save for like 5 years. I'm ready to be out of the rent race. I think it can be a good option. I only need a roof over my head. I'm not buying a home to "build wealth" I just need. Aaffordable place to sleep and store my stuff. Why buy a 3br 2nd 2 car garage home for 1 person with 1 cat. That is a waste. I kinda do want a mobile home on my own land. I dont see the problem. Its a new way to own ur home wiithout the added cost

[@citylife2394]

If you will look on Craigs list & places like FB Matketplace, evrey once in while people will have them free . Some need redone & others are fine to live i n like they are.

[@iaJENKA]

you will save a boatload in taxes too.

[@Lee-dn3ou]

k. rich I think you are right. Just don't buy in a park ... get it on real property that's the key good option for affordable housing then invest the money you save if you can

[@650tonyd]

buy enough land and put 3 of these on it. rent out two and live FREE. In California mobile homes are renting for $3000+ per month in the bay area. In Sacramento around $1750. you can get land in Sacramento cheap and buy trailers cheap.

[@missscarlett7422]

At 53, I am job hunting and facing extreme debt. I am considering buying a larger van to turn into a small RV to live in. Though I have no idea what Dave would actually say about this, I am guessing he would say this is a bad investment. However, like you, I don't want to pay rent aka lighting $$ on fire. I need a place to sleep and live a small life as I pay down debt. I am currently putting every possible penny towards debt but am just so sick of stressing. Even though Vans depreciate like crazy, watching money going towards a no-return apartment rent seems worse. I would at least get a couple of thousand back at the end of a few years--- better than nothing...

[@tomgillotti]

Tiny house movement is done by people who are minimizing... The same people that are trying to conserve... The same people that would probably be a good target for what you preach... But you only see the numbers on a spreadsheet and insulted them for their lifestyle choice. Praise them for trying to think outside the box and show them how they can maximize their lifestyle based on your principles... Simple stuff "dude"

[@dolcedolente]

Dave: "Everybody wants to live in these tiny houses. It's a movement." Also Dave: "Tiny houses are a bad idea because nobody wants to buy them." Me: "Dafuq?"

[@cristiancortes4796]

anybody else used to live in a mobile home??

[@Ken-iu2zp]

You use to live in 1??? How much are they?

[@cristiancortes4796]

Antoine Mclean you can get them anywhere from $5000 to like $70,000 they vary a lot.

[@Ken-iu2zp]

Cristian Cortes Do they move??? Like can you drive it or are they immobile....I wish I can get 1 for 5,000... Where at?

[@iaJENKA]

I did when I was little, my parents bought an old double wide and slowly remodeled it. They only had one small income back then so we were poor. We lived in that mobile home for 5 or 6 years, that placed enabled my parents to pay down a lot of what they had borrowed on it, and after they sold it, it made a really good down payment on their next home which was a stick built house that they put a lot of their own work into and had a tiny mortgage on.... now my parents are millionaires and own lots of rental properties. It makes me mad that people like dave go around telling others they shouldn't buy a mobile home... people should buy what they can afford, be content with what they have and be frugal so that they can improve their lifestyle with time.

[@outdoorsnevada4138]

I grew up in one. Parents was $80,000 for 1800 sq feet 5 bedroom. Their home still looks as nice as it did back then. Take care of them and they will last. The quality of them also has gone up a lot. No more tin cheap stuff. Real wood, real sheetrock, etc. Most of my hometown has them because we are 100 miles from closest city so unless you build the house yourself Mobil home is way to go

[@opb7749]

In 12 years owning a real house I invested over 100k in repairs, not rebuults! Repairs. If I would bought a new manuf. Home for 70k, I could of sold my land and burn that thing down and saving on my labor rub time and material and plus I wouldnt made mortgage payments to all that! I be very lucky if I get my money today for my house that Ive bought 12 years ago. Will never get reimbursed for all the time that I spent on repairs and trips to home depo and gas....

[@kennethbates9689]

Dave, my wife and I bought our mobile home Southeastern Tennessee and put it on her own property. We are retired couple. We only spent $37,900 for a 1200 square foot house, built in 2009. It's in beautiful condition. We love it! We have continued to take the money that we have saved on a traditional house and put it into the stock market. Housing market in Nashville is off the charts. What's your comment? Greetings from Spencer Tennessee!

[@tabathia7633]

Don't ask him, you know what his comment would be, Good For You. But, I don't think he wuld mean that, for sure. Sometimes big leaders do get carried away with their fame, and they are always right. We the public can put them on a too-high of a pedestal. I don't believe there is no right or wrong, just opinions. That is, is Kenneth were you and your wife happy people in this MH. Obviously, you were, that is what counts. Beautiful story.

[@sunset6010]

I disagree with Dave here - How quickly can you pay off a home IS MORE IMPORTANT than RESALE value of a more expensive home !!

[@ChrisMFlorida]

Lisa Muryn but you pay it off fast then it's not worth anything. That makes it very hard to sell if you had to move or wanted to move up in house.

[@theeasternfront6436]

Uuuuhhh...no.

[@blackonblack...9244]

Chris Vandernaald What Lisa is saying is about the debt. Because you are stuck with a house dropping in value, it would be best to pay it off ASAP. You worry about the value later. That's if we're following Dave's motto.

[@costco_pizza]

That sounds like loser talk. I would be more interested in that resale value so that I could become wealthy by selling the house.

[@mikewazowski865]

ACR you sound like you still live with your parents, and if you buy a really expensive house it will take a long time for you to pay it off and the market could crash, and then your house is worth nothing. so you're better off buying a house that you can pay off fast and break even on if you have to.

[@sglacf]

Mobile homes are good for rentals: you have access to everything if something needs fixed or if in case accidents

[@myerax]

In europe we call "tiny houses", houses.

[@TheHoriginal]

😂 Oh my didn’t think of that

[@doddgarger6806]

Guess what! It beats the HECK out of renting ESPECIALLY if you "own tools, can work " lol We found 2.5 acres with a shop and a run down double wide $15k You bet ill renovate that sucker And what happens when house prices go up Dave? Neighboring properties go up too, even the mobile homes... You still own land, that will always go up

[@danhansell2799]

Dave should delineate between a manufactured home ( ie, "double wide") and a modular home which is a home that gets assembled onsite by putting the pieces or modulars together

[@dchiznit209]

She said she also had it on 4 Acres, depending on Location, couldn't that potentially be worth more if development happens?

[@ChrisMFlorida]

She? That was a man... but true.. the land will go up in value.. the mobile home not so much.

[@aidancash1]

Yes. If a developer wants it for retail your looking at maybe a developer giving you 1 million for that land.

[@aidancash1]

He could also build a actual house on that land.

[@go2douglasvamateurradioandmore]

Christine C that is what i was thinking. As soon as the debt from his current house us cleared, save up for a house that block.

[@pamperedgurl]

yeah, the fact that the person owns the land under the mobile home says alot. At least to me.

[@bigkendallas]

The main question is what is the intent ? If he plans on living in the home, then the "market value" is irrelevant. It then become a question of durability of the house.