Mobile Home Owner Evictions RAMPING UP!

[@MichaelBordenaro]

CRAZY Expenses For Condo Owners (Becoming UNAFFORDABLE) kzbin.info/www/bejne/Z17Mk6lqq9GjiJI

[@jonahhex9620]

Some people live on boats in the marina Crockett style

[@jonahhex9620]

My favorite Marina is at Key Biscayne but walking Collins avenue

[@chrisfarkas5225]

People who buy into condo life shouldn't be surprised by ever increasing higher cost. It's inevitable when so much is managed by services affected by inflation and increasing product cost. Fuel for grounds and maintenance alone has been a game changer across the board. Contractors are in higher demand and now charge more as well as tools and labor cost going up. If you want the standards that your HOA provides without the hassle of owning a home it's going to be an expensive luxury.

[@thomasallen6980]

@@chrisfarkas5225 Condo boards were filled with "flippers" unwilling to make repairs because they were just in the building for a quick flip. The last thing a short term investor wants to hear is "assessments". I dont think you can come up with enough other BS to blame it on something else. You are dealing with a bunch of 80 year olds that cant afford the assessments. Nature of running a retirement community. At some point you gotta let granny move into the retirement community and let a young worker have the condo.

[@dianetigert1310]

Immanent domain....look it up remedy and recourse for the poor.

[@kenfarley957]

I was in a park and what you reported is exactly why I bought a nice big mobile home on my own land. I feel free.

[@kenfarley957]

BTW The landlord said he would evict me and I would be out in 3 days. I laughed @ him and said good luck with that. As you know, eviction takes much longer than that, especially if you are willing to go to court. I bet that eviction docket is piled up.

[@FloridaGirl-]

That’s the only way to have one! 👍 Own the land. Good deal!

[@ericmcabee5823]

Nice work, Computer Guy!

[@kenfarley957]

@@ericmcabee5823 Thanks buddy. My place in the woods is awesome.

[@laurijohnson7754]

We have a triple wide on 10 acres. It’s paid off and we retired 2 years ago. It was always affordable and I could be a SAHM and invest money for the future. The best decision we ever made

[@melissapacheco739]

This is for real. My dad lives in a 55 mobile home community in South Jersey and he has been paying around 550 for the lot. Now the new owners of the park are starting to charge for the new tenants 800. Means, that as soon as my dads contract ends ,chances are he will be paying the same. I feel so sad for all the old people that live in a fixed income 😪

[@lovethemflowers]

I regularly drive past three fairly nice, well kept senior mobile home parks. After seeing a couple of Michael’s videos about lot rents with huge increases, I wonder if the residents of those parks are dealing with this.

[@happycook6737]

Before buying a mobile home you MUST own the land you put it on or suffer terribly.

[@randymillhouse791]

I will retire in South America. The USA is dead to me.

[@randymillhouse791]

@@happycook6737 Perfect comment. The education system in the USA sucks. This is what needs to be taught in grade school on up: Money saving, investment strategies, where and when to buy a home, interest rates, credit cards and how to use them. F GEOMETRY! F ALGEBRA!

[@longgowhereto]

@@randymillhouse791 Its the west, same thought same action and I am from EUlandia.

[@loishadley4641]

What is really sad is that these corporations are targeting 55&over parks. It is going on in Oregon.

[@AnnBarnes-mp8uk]

We are at war. Most just dont' know it yet.

[@donnamaco1]

The weakest most vulnerable among us. So sad that we have become this.

[@theoracle6881]

The federal gov't needs to do something, this is when gov't should protect the most vulnerable, I bet those congressman and women (most are about 55) are living it up on the taxpayers dime, they need to get off they arses and do something !!!

[@AnnBarnes-mp8uk]

@@theoracle6881 Tyrant khazaran satanist feds are what causes this in the first place. PPL need to do something about the tyrant FED.

[@bevalindaj.443]

Corps in florida are buying everything they can purchase. People are are being put out in the street. We have begged our governor to put cap on rents. He refuses. In the meantime his homeless rate increases weekly. No one cares.

[@truthfilterforyoutube8218]

Here in Canada....regardless of " Change of owner", the rent on a pad, house , or apartment can only be increased by 2.5%...year over year ! America needs to adopt these laws to prevent this outrageous practice !

[@williamdavies1192]

When the govt has created inflation of 8% and you are only allowed a 2% increase in rent then anyone who provides affordable house is going to stop renting and sell…and then you have no affordable housing. You guys aren’t very good at simple math.

[@michaelakraus7161]

If America adopted sensible policies that benefit and protect its people , it would not be America anymore.

[@mckesler7189]

Canada cares about its normal working people, I go to Alberta quite often and marvel how well they manage fairness. Its not about handouts its about if you work an contribute you get rewarded with living essentials. Of course if you want more there are ways to do it, but its the basics that are the most important. In the US its all about the rich people. Just look around and see, I dont like putting my country down but it failing.

[@raymeus]

I believe its 4% now , its not covid times now , and if tenant leaves you can charge what you want for new tenants.

[@polskigirl8547]

But once the tenant moves out you can raise the rent higher…

[@TropicTrdr]

The best defense against exploitation is for the tenants to organize and purchase the park as a Co-Op. There are lawyers who can organize those transactions.

[@hvaball150]

they had 45 years to do so.

[@TropicTrdr]

@hvaball150 not necessarily; the owner may have had other plans. Giving the residents the first right of refusal on the purchase of these properties is what's needed. Of course, they must meet or exceed the best legitimate offer. Legislation allowing resident buyouts is gathering momentum.

[@randymillhouse791]

@@hvaball150 Yeah, these tenants are not very Entreprenurial.

[@comeon_man]

But the pArk at a premium price though

[@TropicTrdr]

@@comeon_manMaybe or maybe not. It may be a close offer but it's obvious that the monthly fees to service the coop mortgage will be less than paying someone else's profit and will be stable to boot. I lived in a CoOp once in San Diego.

[@vagrante13]

This happened to the Costa Mesa, CA neighborhood I lived in 20 years ago. The neighborhood was decent and the rents were affordable and then corporate developers came in and bought many of the fourplexes in the neighborhood. Rents went up from $1,400 a month on the average to over $2,000 a month after these developers moved in and jacked up the rents. Many neighbors that lived there for decades were priced out overnight.

[@lawyer1165]

What is happening to tenants in mobile home parks today is scandalous. Unfortunately, the politicians of both parties don’t care about working people anymore. On the other hand, I can’t feel too much sympathy for people struggling with a $1,000 per month car payment. Yes, the past two years have been very difficult for car buyers, but buyers were financing their purchase over 84 months even before Covid. If you need more than 36 months to pay for a car, you can’t afford the car. Buy a car you can afford, and don’t worry about trying to impress me or the guy who lives down the street. You won’t impress anyone if you’re living in a tent.

[@brianmatthews4149]

Yep don't live a champaign lifestyle on a budweiser budget.

[@eugenecrawford14]

But tents are trendy, everyone is doing it

[@stevenalvarado-doc7334]

At a trashy mobile home park that I drive by everyday. There are quite a few $70,000 trucks sitting in the driveways.

[@eugenecrawford14]

@@stevenalvarado-doc7334 wow they live in a trailer park and Drive entry level priced trucks If they keep working hard maybe they can get a Nice truck someday

[@spaceindian3769]

That's because there's only one party 🎉 with the illusion of 2!

[@s99614]

That New Mexico mobile home park story is yet still another example of why foreigners should not be allowed to own property in the US

[@HA-nx5qn]

Good luck with that …. The US has been will always be for sale to the highest like a call girl.

[@hec07]

Specially Chinese !!

[@junserafin5241]

Not only foreign buyers, but now they make it difficult to build. People need a place to live. Something needs to be done.

[@brianmatthews4149]

To late now.we have sold our bridges our commercial bldg food processing plants pharmaceutical companies we haven't sold grandma yet.were waiting for her value to go up.

[@pedros1]

@@hec07 how many Chinese you do see in the USA??? Most of immigrants come from Latin America, there are no Chinese at all. Do not believe in this BS about Chinese investors. The real investors are Americans who exploit Chinese and Indian people for pennies instead of paying a real salary to local workers. Look how many American IT companies have offshores in India and Eastern Europe (Ukraine and Poland). They must be obligated to hire people within the USA but US government allows the to send American dollars abroad and make a lot profit on foreign labor market.

[@brega6286]

Just so sad watching housing becoming a luxury.

[@noreenn6976]

It is sad.

[@randymillhouse791]

It has always been a luxury. This is the USA. Nothing is promised and one must work hard to get ahead. My God! Who is going to give you a house? I suggest you scrap like the rest of homeowners did. Sacrifice.

[@tomstickney5500]

@@randymillhouse791 🤨

[@janityy]

@Randy I'm crippled now I've tried so hard . I take care of people with Disibilities who are blind and have downs syndrome and MH/MR. I'll never be able to own I drive by I see people going up to their houses I just look in awe and cry . I've worked hard I work hard but I cannot afford to own I just know I could never have enough for a 10,000 dollar roof if need be or other repairs . yes it is possible if I lived with like 10 family members and we all pulled together . you just don't realize how many of us are good people out here trying we see people with homes and we know with tears in out eyes w e could never will never live that dream . u could be a little kinder toward us

[@Capodimonte99]

​@Randy Millhouse it has not always been a luxury.

[@moebanshee]

This is something that I know a little bit about "a little". My husband and I had always lived in an apartment on the third floor. Teddy was 21 years older than me. He came down with early onset Alzheimer's in 1998. In 2014 he had cancer too. 2016( my least favorite year) I was in an accident and broke my hip. Sooo we needed user friendly housing. However.. 16 years of medical bills.. no money for traditional house. Option: manufactured house. My lot payment goes up 20% each year. The house payment 550 a month. Lot 753 a month. Husband died 2019. My income much less than when we bought/rented here. Developers are always approaching the owners. They want to buy the developments, get rid of the manufactured homes and either go commercial ( shopping/businesses) or build regular houses.

[@PeaceLoveLiberty333]

My lot rent went from 250 to 550! We have eviction court Monday. It's almost impossible to contact a manager or owner...it took me over four months to get someone to speak to me. My daughter was going to take over my home and fix it up since she just started a nice good paying job. They REFUSED to give her a rental application...!!! Lots of false promises and no management to speak to. I had to resort to Google and the State websites to see who even owns it!

[@alfonsosalinas3026]

Just passed my college midterms, and now chilling with a new Michael Bordenaro video! Life is good.

[@MichaelBordenaro]

That’s so awesome Alfonso thanks for being here😎

[@jet4415]

@TJF Denver Booooo

[@joeym1635]

The greed is out of control in these corporate places, thnx for explaining.

[@genarolegorreta3418]

These nationwide rent increases are going to unleash a wave of rent-control laws. The elderly, poor and young will vote for them. For every action, there is a reaction.

[@raymeus]

Which will force us landlords to drop all of our properties , then what? Its happening right now , i have corporations banging on my door , they want to buy my property and when they make the right offer , i and many others will sell ,and corporations are ruthless. I give breaks to my tenants , some are on fixed income , corporations will not be so kind.

[@randymillhouse791]

@@raymeus Absolutely!

[@jnagarya519]

@@raymeus We know how corporations operate -- try to get health care that is actually health care. (An "administrative assistant" I spoke with Friday said he is "only following orders.")

[@charlesburke2379]

The group confronted with rent increase's might even be the lucky ones. Because plenty of rental situations they simply want the tenants OUT!

[@jam-lm1sz]

@@raymeus if you want to keep Making living, either compromise or bankruptcy for your types will be tough, laws that'll entail.

[@orlandogarza2965]

Mobile home parks all over the US have been increasing the lot rents.If you put a mobile home in a park,you will wind up paying thousands of dollars for a little strip of land that you will never own.Your best bet is to find a one acre tract out in a rural area,at least this way it will be yours and you never have to worry about lot rent increases anymore.

[@Turbotef]

This what I'm doing, buying a piece of land and throwing three double wides on it, one for me, one for my mom, and one just because. Why mobile homes? Because their quality nowadays is actually pretty nice and easier to maintain IMO. Plus I don;t care about keeping up appearances for housing or vehicles.

[@davisholman8149]

@@Turbotef Anyone able to purchase some beautiful land with trees, a stream, & 40 minutes or less to a grocery store - you are GOLDEN. Mobile homes can be very nice today - it is definitely a very livable option.

[@gregpapagno5683]

Just moved my mobile to my own land. Pissed my landlord off good

[@alfonsosalinas3026]

How much did you pay for the land?

[@MichaelBordenaro]

Good for you!!

[@randymillhouse791]

Should have gifted him / her some diapers as a farewell gift.

[@dcg590]

Nah. They’ll have someone else there in a week

[@slicksnewonenow]

I'll bet that move cost beaucoup bux... Here in central Ohio, it costs about $5,000 to move a mobile home just 20 miles on the average.👀

[@waynewallace2061]

Same thing is happening here in AZ. Investor groups buying up these parks and saying adios to folks that have no other options. This is the downside to free enterprise.

[@quackula9190]

Many parks are retirement homes.

[@raymeus]

But it is free enterprise.

[@scottsjmc7063]

Why should landlords have restrictions because people have "no other options." How is that the landlord's fault or responsibility? This whole system that someone else is obligated due to another person's life choices or circumstances is ridiculous. I'd love to go through life thinking my plan "A" is someone else will foot the bill, pick up the check, and pay for my existence no matter what I choose (or choose not to do) to support myself. Apparently, most of KZbin commenters feel the same. Good grief.

[@EYES2seeEARS2hear78]

Black rock and Vanguard

[@wchdb4476]

Out of country investors can no longer purchase homes in the Canadian residential real estate market. They are also taxing un-occupied homes owned by out of country residential property owners. This is now forcing out of country investors to park their money in the US housing market.

[@chiragmehta8212]

Good job Canada.

[@winstonsmith6204]

Yeah, our leadership is pretty greedy! Hence the reason the Stock Act got swept under the rug.

[@cruisinthru3916]

Yes. I think Michael has mentioned that we need something like a freeze on out of country purchases. Definitely would help. And get rid of Blackrock and companies like them.

[@1969bones69]

Parking money in a declining market isn't what smart people do.

[@paulconner4614]

We need to do something similar although I personally think we should go much farther. 1) Just like Canada. Residential real estate can only be purchased by either U.S. Citizens or people who are living here legally. 2) I don't think Large corporations should be allowed to own residential real estate at all. There will be allowance for Home builders and foreclosures but those should have strict time limits on how quickly they have to be turned around. 3) AirBnb listings should be limited to a certain percentage in the town. (renting a room in your owner occupied house is fine, renting a full house would be limited).

[@emzywillrich7243]

If not monthly rental cost increasing, Michael, it is property taxes increasing when your property is suddenly deemed "valuable real estate."

[@happycook6737]

True

[@gregfawcett5152]

Exactly...increases in property taxes, insurance, and inflation, maintenace of the property... increasing costs for materials and labor... makes owning very expensive.

[@emzywillrich7243]

People paying 30% to 70% of their income for housing is insanity!!

[@hvaball150]

the median family doesn't pay this. they don't own that big of a home. these are fictitious ratios for comparison only.

[@nmg5100]

Welcome to America

[@dano3952]

Communism is lurking the more the powers that be let people's basic housing become threaten by greedy crooks messing with their very survival.

[@AmericanConstellation]

There was a really nice mobile home park in Clearwater, FL. Everyone got evicted, the mobile homes were torn down and now it's a huge, very expensive apartment complex. Land in Pinellas county is pretty much all gone, so what mobile home parks left in this county are all doomed.

[@randymillhouse791]

As it should be. Everyone knows that mobile home parks attract tornados.

[@michaelrenner3214]

@Randy Millhouse as should be NO don't think so 🤔 randy. Perhaps you should be put out of your home 🏡 umm what do you 🤔 think. As should be

[@BManStan1991]

Failure to pay the rent was the goal. So many landlords are doing it

[@nightowl6811]

Exactly that's why they keep increasing rents everywhere all planned out! For the transfer of wealth to complete

[@j4513]

@@nightowl6811 💯💯💯

[@llew-AZ]

My parents bought in Orangevale, CA in 79 with interest rate of 11.25% but the home was close to 30K. At that price almost anyone could afford a house. House was built in 63

[@MichaelBordenaro]

Exactly!!

[@movingonward]

I'm from there!

[@llew-AZ]

@@movingonward Awesome place to grow up. Not as good now.

[@hvaball150]

greater Sacramento population was 1M in 1980. go to most 1M metros today and you will find a similar opportunity as your parents did in 1979. Tulsa for $210k would get you almost the same your parents had.

[@llew-AZ]

@@hvaball150 if you extrapolated that cost with inflation is that about the number you would hit?

[@robertwilliam9558]

Michael, the same thing happened in San Jose, CA. Pulte homes bought the land and evicted all the senior citizens that lived there forever. Landmark Agreement Reached Between Winchester Mobile Home Residents and Pulte Homes

[@MichaelBordenaro]

Yep it's probably gonna start happening everywhere. The opportunity presents itself

[@randymillhouse791]

I live in a new build Pulte home in Texas. Money is like blood in shark infested waters.

[@tattoodestroyer1663]

This is 💯 happening. Even to regular apartment complexes. Owners that bought in high 70’s low 80’s are selling off. Their kids want nothing to Do with it.

[@Gypsygirl9]

Isn't that interesting how decades ago kids were happy to inherit the "family compoubd" and like you said, kids of today do not want to inherit $anything but ,$.

[@tattoodestroyer1663]

@@Gypsygirl9 100% correct. That is why generational wealth is impossible these days.

[@eliotness107]

Theres just too much paperwork, red tape and taxes and bla bla bla. I aswell refused inheritance because the cost of repair necessary was twice the actual worth of the building. So if i fix that up we are looking at an increase in rent regardless to pay that off and if noone can afford that increases then whats the point? Id rather just live in a tent at this point.

[@caseymurphy244]

The new landlord has a name that sounds familiar to some people in my hometown. These people are notorious for buying up laundromat's. Gas stations. Motels. Then they raise the price on the service/ goods immediately. Suddenly a gallon of gas at their gas station is worth 10 cents more then any where else. A room at their hotel is $25 more then any other place in town. The washing machine's goes from 75 cents to $3.50 to use. I think you get the picture.

[@jeanah685]

A 100 unit subsidized senior apartment community in Zionsville Indiana has given the senior citizens until Feb 2024 to get out. The Zionsville area is a high dollar location and that building sits on a lot of prime real estate. They're going to tear the building down. There's nothing worse then seeing an 85 year old woman crying and facing homelessness when she loved her apartment and thought that's where she'd be spending the rest of her life.

[@joybarton3460]

Wow so glad i saw this. I am in the process of buying a mobile home for 50k. Thought the price was great. However land fees are 750 a month plus hydro and gas. I thought i would be saving with a mobile rather than renting my apartment but i will be in same position, and as you say here, my fear is the land fees increasing yearly. Going to opt out of this decision. Great info

[@honeybeedavis7939]

In less than 2 years my lot rent went from $480 to $655 with new owners, I was also served an eviction notice to be out in 3 days because I made a mistake and paid $9 less than my monthly statement: never any prior problems with anyone. I never have water bills over 20 dollars because I bring in water to drink, cook and bath in, when they got here $50 water bill, that was the only one I guess they saw that $20 was the norm for me.

[@catswildlife4969]

I looked at my old mobile home park. When I rented a lot in 98 it was around $180 a month. Now its $425. A new single wide is over $80k. I paid $33k brand new.

[@aaeshaquiin5231]

What state is that. The mobile home in California are 1000 a month in the gettho and about 1800 m+ in a nicer area.

[@hvaball150]

and gas was $1. blah blah blah

[@ediartiva]

@HVABALL Inflation adjusted amounts, 1998 vs 2023: 180/330 33k/60.57k Inflation adjusted differences are 120 and ~20k, respectively. Not as dramatic but not as dismissive as "gas was $1," especially considering that $1/1998 adjusted is $1.84/2023, which currently does not exist anywhere in the U.S.

[@hvaball150]

@edi artiva don't fall into the trap of calculating inflation using a basket of goods. if you base inflation off housing we are 100% spot on in housing prices... so there. most goods have got cheaper over the decades. houses are getting cheaper too. it was tough for the average family to own a 2/1 1000 sq ft in 1960. current generation won't even go near that for their first house. it is beneath them. do wage comparisons

[@ediartiva]

@@hvaball150 Fair. Housing prices as a percentage of median income, then.

[@boondoggle4820]

As soon as you started telling this story I knew that it was going to be a legal disaster for the new owner who was trying to evict the tenants, and thankfully so. Landlord and tenant law can be very tricky and you can’t just kick people out willy nilly because they don’t meet your demands. It immediately sounded like a bad case of self help eviction from someone who didn’t know any better.

[@soniadowney7427]

Like blackmail

[@dcg590]

Landlord who owns the land has every right to kick them out. Just because they live there a long time doesn’t mean they get to stay. They don’t own it, gotta go. It’s not the landlords problem, it’s their problem. It’s your own fault you never bought anything. You’re at the mercy of the owner, period. You have zero leverage. You should’ve planned better. You’ve had decades, did you think the cost would never go up? Poor financial decisions are. It your landlords problem.

[@GREEKGODDESSFLA]

Some of the lot rents in my area are over $1100/month.....in one place they doubled the lot rents.... absolutely disgusting

[@dcg590]

Why? If you don’t like it, don’t live there. What do you do for work? What if I said what they pay you is absolutely disgusting and you don’t deserve to earn that much money? You’d lose your mind. Why is it not ok for property owners to make $? After all, it is a BUSINESS! Like any other. Not a charity. Your landlord doesn’t owe you housing. The cdc screwed landlords out of 2-3 years of income. How would like it if you went to work all that time and never got paid? Would you go? You wouldn’t even go for 1 for 1 day let alone a couple years. Also, the whole time you were responsible for 3 whole families housing costs, mortgage, insurance, taxes and maintenance. They get it free, but not you. Would you like it? Sit down with your superiority because you’d never do what landlords have been forced into doing.

[@comeon_man]

@@dcg590 unjust scales are not ok. First with God. Pick on someone your own size. Sign your name tough guy

[@Jeannified]

Great subject! This is why I would not want to have to rent or own a mobile home on a lot that you rent. These mobile home park owners are getting as greedy as these big companies that are buying the condo buildings on the beach in Miami, and forcing owners out. They all just want as much money as they can get! Love it that you are using Nick’s info in your videos. Showing love! I have family in Peoria. Much more affordable there, for sure!

[@jimkelly4214]

Peoria Illinois?

[@dcg590]

Why shouldn’t they make money on their investment? Why is that such a crime for landlords? They’re operating a business like any other if you’re dumb enough to rent land and think the cost won’t rise that’s your fault. It’s not greed to make as much money as possible. How would like it if everyone said- you suck, you don’t deserve a raise and should only make what I deem fair? That’s what you expect property owners to do. All while their costs sky rocket! Have you looked at insurance and tax costs? Probably not because you dont own anything. Complete lunacy. If you dont like it, buy your own spot.

[@Jeannified]

@@dcg590 Landlords can charge what they want. I just wouldn't want to rent and pay huge jumps in price, especially if the cost for rent, whether it be an apartment, or the spot a mobile home is on, has increased so greatly and so quickly. I am not a renter. Not sure if you are a landlord, but I would never buy a mobile home without buying the land too, because you are still basically renting and at the mercy of the landlord. It's times like this when skyrocketing land rental prices are extremely high too, and if you are renting and barely getting by, you can end up with no place to live.

[@msmissy143]

This is a very good and important message. THANK YOU!🙏

[@seancsnm]

When it comes to the affordability issue, to buy a decent house in a decent neighborhood - something like what a childhood friend's dad would have bought on an engineering salary, it would cost me about 50% of my monthly salary and I am in a better paying job than he had. In 2019 I thought landing my job would have me set for life. If I get married I want to be able to support a family and now I wonder if that will ever be possible for anyone but the upper middle class - higher status surgeons, lawyers, lead engineers at big tech firms, etc.

[@petertosh4748]

Never ever get married. Marriage is an insurance policy for a depreciating asset. Trust me

[@MichaelBordenaro]

Thats why this market is in for a huge correction because of what you just said

[@dolores6513]

You can do it. Single mom here -bought lovely Tampa home 11 years ago. Timing is important and patience to walk through a lot of mediocre homes with your well chosen realtor. I got a 1 year old home --look at slightly used homes maybe? Good luck

[@petertosh4748]

@Victoria Lockheart and you can still hit the register for cash and prizes. Times are different now. I hope your male children understand this. There is nothing in marriage for a man anymore. Again. Marriage is an insurance policy for a depreciating asset...

[@petertosh4748]

@Dolores how much of your child's support went to the mortgage that was supposed to be spent on the child???

[@lenmueller9702]

Michael, we are from the same state (I’ll) and I have watched so many of your videos that I think I know you (but don’t). My point is that you have become so damn smart that I would bet that you have blown the minds of your friends back in Illinois. Good for you!

[@MichaelBordenaro]

Thank you very much Len. That's the nicest thing I've heard all day. Really appreciate that😀

[@mikesnyder4801]

I did hurricane relief in Florida and learned people can’t get insurance for them. Mortgage companies won’t touch them.

[@onemishelle]

Thanks for the updates regarding all real estate, Michael. I look forward to your videos ❤

[@jadeheart911]

I've been watching over in Pinellas County and it seems like the areas I have been looking in has gone from 600 to 750 a month lot fee to 1000 or some even more......Thats almost rent on a regular apartment. Prices are going down on these mobile homes for quick sales. The rental prices are screaming high !!!

[@randymillhouse791]

Leave Florida. I did this one year ago and am so much better off.

[@joe1940]

In my area no one is buying the huge McMansions, but you can still find modest starter homes. If you own a regular house at least you can get a fixed rate from a bank and you won't have to worry about a landlord raising your rent every few months.

[@liamthompson9090]

Fun fact, Michael: because I--correctly--estimated that I was unlikely to encounter a rattlesnake near where I live, I acted as if it couldn't happen. Guess what statistically-improbable event occurred one day?

[@MichaelBordenaro]

Ha ha funny😄 believe me I’ll always be on the lookout just in case😉

[@emzywillrich7243]

Some of us saw the coming storm and got rid of the debt. Timing is everything, the saying goes.

[@FinalEvangelist]

Here in Southern California, Moble Home space rents are going for $1900 a month now. It's ridiculous!

[@jtudor4524]

Yikes!

[@williamhang10]

Hey Michael, we enjoy your videos!We live in Vilano Beach (near st augustine) and have lived here for 20 years. Thinking about moving to the ormond beach area to go from a townhome to a home. We shall see about timing, your channel keeps us abreast on the changing real estate conditions. We have been looking for the last year but the cash buyers were killing us! Also the prop tax increase we would have to deal with us has us a bit worried. We shall see, as we are both retired and don’t HAVE to sell unless we get the right house at the best price, Thanks again for your efforts!

[@Gypsygirl9]

St. Augustine is nice. Why are you guys wanting to move to Ormand bch?

[@williamhang10]

@@Gypsygirl9 The house prices in vilano are super high. Might be good to sell here and get more for our money in Ormond Beach by the ocean there. We want to go from a townhome to a single family home beachside. ST AUGUSTINE is nice for sure.

[@DougSmileyVirgo]

Mobile home parks that were sectioned off in the 80s are now on prime real estate expansion for commercial and high-end residential use. Unfortunately, the working class and retirees living on fixed income are being asked to accept inconvenience for economic growth. I'm in Indiana and have seen the "game over"in the local news media for mobile home parks over the past year or so.

[@randymillhouse791]

As it should be. Nothing lasts forever.

[@slicksnewonenow]

@@randymillhouse791 nice attitude! Hopefully you'll be okay when The Powers That Be say that the fake money is WORTHLESS and we're all ordered to get in line for Government Assistance. Don't think it ain't coming.

[@william-fla-321]

Everything you said in this video is true. I’m glad I own my home free and clear for 13 years. I don’t know how people make it today.

[@Jill-rb1qc]

The rent runs around 1,020 now and you have to pass a background check and have good credit and show that your income is 3 times the amount of lot rent

[@MichaelBordenaro]

Its crazy!

[@freerangeboogie7293]

Mesa AZ is $800 a month for lot only - yes, background & credit check & income requirements. It isn’t easy or cheap getting in here.

[@junserafin5241]

So, in other words you must be well off to live in a mobile home park aka trailer park. SMH, doesn't make sense.

[@Jill-rb1qc]

@@junserafin5241 pretty much. Its ridiculous

[@freerangeboogie7293]

@@junserafin5241 Yeah, it is scary.

[@chargermopar]

The Fed really created a monster with artificially low interest rates since 2008. What a disaster we are going in. Funny you mentioned gators I just saw one in the canal by my parent's old house. No wonder there were no ducks there!

[@MichaelBordenaro]

They sure did! Ha ha I wish I got to see more gators. It's funny living in Florida and never seeing them but I'm surrounded by salt water.

[@chargermopar]

@@MichaelBordenaro A prank some kids used to do was to get a baby gator and stick it in a mailbox. Someone put a 4 foot gator in the car of the mean neighbor and she almost had a heart attack!

[@hvaball150]

if you think houses went up a lot with low interest rates....maybe you might research just how much they went up with high interest rates....

[@Godsforever1]

and some time ago I was looking at some land in Oregon just for curiosity , and guess what - on many of those lots you cannot even put a trailer or anything you could live in - what is going on - these rules are getting outrageous

[@Will4fun]

I enjoyed watching this! Thank you for creating and posting it!

[@forresta65]

this is so true. we lived in a 30 year old crappy duplex because it was affordable. We were told our rent would be raised to double over 2 years. luckily we were able to get out before things caught up to us. it is crazy, We just made it.

[@stephen5147]

This is an excellent channel. I really enjoy listening to your good logic. Thanks!

[@TheAngelaDuke]

Hello, Michael! A trailer home just sold in Montauk for $3.75 million on February 23, 2023!! Granted, it was on the water. 😏 Thank you for posting! Best, Angela

[@jetfan6129]

We vacationed there in the 60's to go deep sea fishing on Captain Spyder's fishing boat. He had an eye patch too. No peg leg or hook. Would go to the drive in movie theater at night. Nice summers.

[@jp8950]

When mortgage rates were 16%, so too was the savings rate, not to mention, back then, you could deduct credit card interest from your income tax.

[@sycamore-wi2zs]

I'm in the Midwest. In my "city near" suburban neighborhood, if a house comes up at $450,000 or less it is sold in one day, torn down and a 1.2-1.5 MM house replaces it.

[@jimgalle1371]

Very good information especially using re:venture data ... Thank you for the thorough explanation.

[@MichaelBordenaro]

My pleasure I’ll be using more of that data in the future👌

[@johnburns6394]

a fixed amount which I spent most of for cleaning products! When I moved in, my rent was $295.00 a month! When I was forced to move out. The rent had increased to $795.00 a month! The Park was bought by a corporation that owns many Mobile Homes Parks and also manufacturers modular homes! They changed the name of the Park to Serene Terrace Manufactured Homes Park! The rent has increased even higher since I was forced to move out four years ago!

[@stew6662]

Not wanting to be house poor we decided to qualify with only one of our income thinking this was a smart idea. The downside of this approach was that we got a smaller house that ended up needing a lot of upgrades so we are still house poor 😅

[@mckesler7189]

Dead on MB, witnessed this kind of activity in Tampa Bay area in late 90's. Park models parks taken over by developers then morphed into condos. Doubtful S. FLORIDA will ever see affordable housing as the rich investers, including foriegners will gobble land up.

[@s99614]

A mobile home in a land lease park is really just like an apartment that you pay for, but with lower rent and better parking.

[@hvaball150]

bingo

[@hvaball150]

of course my house is like that too...

[@bucktooth002]

& lots of cleaning after animals that shit on the lot that you rent.

[@jacksongunner7122]

Really this has been going on for decades, I remember back when I was growing up in the 70's some company bought out the local trailer park, jacked up rents and evicted a bunch of people to try to "raise the class" of the trailer park. What this does signal is the end of the real estate boom as they have run out of other things to flip.

[@FrequentFlyer_MIA]

The New Tennant Bill of Rights for Miami Dade residents will throw a wrench into the game-plan of many unsuspecting owners. I believe it requires a 60 day notice for an increase of 5 % or higher. It also allows tenants to deduct repair expenses from the rent if the landlord fails to make repairs

[@junserafin5241]

60 days is nothing. Should be 6 months min.

[@UserError7861]

You don’t need a 6 month notice to figure out if you’re going to move, or pay the higher rent. The typical 30 day period is enough time, 60 days is definitely enough time. It should only take a few minutes to determine if the increases fits your financial situation. Wanting a 6 month notification period just seems like you want a longer period to take advantage of a landlord.

[@dcg590]

@@UserError7861yes they think they deserve everything instead of working for it. The property owners have all the risk, work hard to obtain property and everyone thinks they owe tenants a ‘deal’ or like the cdc did- expects landlords to take the losses. Well, these ore the consequences

[@coffeecup3177]

The new owner of the Mobile Homer park made a great investment decision. It is a mobile home park most renters don't leave. The cost of moving a unit is not low if you have no savings. Even if you can afford to move it most parks do not allow anything older than 3 years to be placed in their park. More than likely the new owner planned to lose 35 to 40% of the tenants. His only problem is not following the state laws regarding evictions.

[@MichaelBordenaro]

That's awesome and it's exactly the right way to do it. Congrats!

[@annagreco7470]

In the northeast, homes are affordable for the wealthy only. I'm from NJ and that's the situation here.

[@randymillhouse791]

The question is: what have you done in the last year to make yourself competitive in order to become wealthy?

[@delpillar7630]

Keep getting those steps in my friend. Great walk and talk and thank you for all the research you do so we don't have too! 😊

[@kristinejackson5522]

These new owners are going to “evict” themselves right out of the business!!!

[@madisonstone3258]

Can't wait! Let greed be their karma

[@justinbieber12373]

I know someone in SOUTH CAROLINA, he tells me they keep building and selling like CRAZY.. People leaving NY & NJ because of crime. THIS IS CRAZY !!!!!!

[@remergeband]

I really learn a lot from your walks...🙂 We call you The Walking Man - anyway great info we listen to you every day great source of info

[@MichaelBordenaro]

Ha ha happy to be the walking man spitting knowledge😆

[@davidholmes9643]

Mobile home park residents if you read the small print in the contract they have little say in the site. The owners in most parks control everything from how often the homes have to be replaced to keep the Park up to date. As you say it is for the Land so it can be redeveloped.

[@underground9260]

I’ll just stay in downstate Illinois. We got our share of problems, and our property taxes are high. But I’ll know that I will always have a roof over my head, instead of some developer taking away my property, or worrying about skyrocketing rent increases and a less chance of becoming homeless. But luckily, the property taxes where I live, are below the state’s average.

[@paulettebarrow9791]

Yep, I live in a mobile home park in Fla, I bought it 21 years ago rent was $400, now its $1000, Im disabled 65 and have an 80 year old roommate but if something happens to him, I have no clue what I would do because I dont get enough to pay, they even charge $75 a month for pass on tax. I feel for these people.I pray God makes a way where there seems to be no way IN JESUS NAME AMEN

[@Chas1160]

Michael, it’s so sad these people are being forced out. In Marin County, California, some of our cities have very stringent rent control. In San Rafael, which is 30 minutes north of San Francisco, their was a court case that went to the U. S. Supreme Court, the property owner lost the case, it was a rent controlled mobile home park. In California, this rent control for mobile home parks is on firm case law. I bet eventually, Florida will pass rent control. What do these poor people do? In California we are building hundreds of rental units. In San Rafael ,there are at least 200+ units going up. We are flooding the markets with multi family units. I expect rents will start going down because they will be over building for the demand.

[@randymillhouse791]

Rents will never go down. And, F that Whats'App %$#@*&.

[@Chas1160]

@@randymillhouse791 well, you might be correct but in San Rafael, California they are building several hundred rental units. Once they get on line, they will be competing with each other and more competition usually brings down prices. Basic supply and demand theory states that when you have more supply than the demand, prices tend to come down. It’s a proven economic theory that has a proven track record. For the sake of the people that rent, I hope you are wrong. Everyone needs a comfortable place to call home.

[@bevalindaj.443]

Sadly not Florida. Governor D. Will fight rent Control. He already has. Those huge Property owners are his very close friends.

[@basha0810]

Michael, this was one of ypur BEST videos!!!

[@marilynnschroeder4436]

I hear what you’re saying about the new owner paying too much for the property but I don’t think it’s fair to blame the new owner entirely. The previous owner didn’t have this problem but that owner was selling out. Anyone else coming in was going to pay whatever the FMV of the property was. The old owner was going to sell to someone…🤷‍♀️

[@tamitorres3413]

That's right. You said it. All of it. Thank you.

[@Gypsygirl9]

Michael, I wonder this: 1. is it realistic for people in mobile home parks to expect to live there until death and not have rent increas4s? 2. Investors buying these places, how much do they think they can realistically jack rents up and that be even acceptable? It is a trailer park and people live there because like you said, they've always been affordable..but that seems to be past tense now. These buyers are over paying (like you said, poor investment decision). Seems that if there is a bunch of deferred maintenance in play, it makes no sense to buy. Same situation as you been talking about with the condos.

[@nowyouknowrealestate5703]

I’ve seen mobile home parks sell for amounts I thought were ridiculous. Yet after all the dust settles, they transform them into tiny home parks; newer, more modern mobile homes in the park, and even saw one that put in modular homes because zoning allowed for it. Also saw one after ridding everyone from the park get zoning changed to apartments and put in a large apartment building. (These were all in Virginia that I saw it.) Most buyers have an end goal in mind and it’s not just to tread water… it’s to make millions.

[@alanparsonsfan]

@Gypsy Girl To answer your first question, no it is not realistic to expect the rent to never increase. But it is intensely unrealistic to expect the rent to more than double overnight.

[@gerardogonzalez8076]

Same in Florida. There is a whole regulation on how they can act. Similar is with HOA putting liens and executing for not paying the dues….

[@gladysgriffin7347]

Hi Michael. Thanks for making a video about "Mobile Homes".

[@the1one132]

The Ocala, Tampa and Orlando market are seeing price drops of over $100k.

[@anthonykence9954]

Its a good low cost way to live if only owned the land under the mobile home. Parks should be owned by mobile home owners. Get rid of these landlords period that raise the lot rent

[@JShaw-fw5ct]

You are right it's all about money these days. Everybody selling something. When I rent my rental I charge if you want to rent my attached garage too. If no, then park in the driveway or on the street. 🤑

[@ROTALOT]

So share worthy a piece covering all price points and markets. Super!

[@MichaelBordenaro]

Thank you very much really appreciate anytime someone shares my video!

[@philmarsh7723]

I wish you'd do a KZbin on zoning and its effects, if you haven't already. Thanks for your hard work and the information!

[@markmansel9899]

The screenshare you did with the reventure app was very informative!

[@fudogwhisperer3590]

I was in negotiations to purchase a small mobile home park when covid hit. The deal fell through. The owners had neglected the property and there was a lot of delayed maintenance that needed to be done on the property. The reason for the delayed maintenance is that they couldn't afford the upkeep on the property at the current rental price. My plan was to increase the rent $100 per month each year over the next 5 years to get back to comps in the neighborhood, while at the same time making the necessary investment in the property to bring it to a higher standard. I don't think its a good practice to increase the rental fee by over 100% or all at once. This guy should've negotiated a better deal with the owner that would allow him to gradually increase the rent as opposed to one huge increase. People can't handle that kind of shock on their finances. I've got my eye on another park in my area that has really been let go. I'd like to make it into a tiny house village since most of the homes in this park are deteriorated and almost unlivable. If the market is going to crash like I think it is, It is my hope that I can pull it off!

[@MichaelBordenaro]

I agree these situations need to be handled with more grace and it’s inevitable rents do need to go up but shocking people by doubling or tripling it is not acceptable

[@330DKNY]

What a nice slum lord, $500 per month increase

[@jimcrawford3185]

I m investing in FEMA camps The country, along with free enterprise, is history

[@kentjgshelton]

Thanks!

[@gipsytree]

Who really owns their "land" anyways... property taxes should be illegal

[@hvaball150]

if property taxes were illegal, where would you live? no one "owns" any land. they are given that fake title for property rights. odds are the king owns your land.

[@13ChroniclesOfDagger]

It's theft plain and simple

[@N_Harkin]

Totally agree that interest rates per se have little to do with the current situation as compared to "long ago." I have looked for a house that I could afford for the last 3 years and have finally given up. Paid 9.25% in 2001. No problem.

[@hvaball150]

houses have gone up 2x forever, regardless of interest rates.

[@ninacook9162]

About 7 yrs ago, I was interested in a mobile home in the Laguna Beach California area after this video. I’m glad I did not pursue a purchase in a trailer park. I think I dodged a bullet.

[@analoglime]

Greed is disgusting

[@annjames1837]

Whoever loves money never has enough; whoever loves wealth is never satisfied with their income. This too is meaningless. Ecclesiastes 5:10 The Bible is very clear about Greed

[@randymillhouse791]

Unless you are the one that is greedy. Then it is BEAUTIFUL!

[@michaelrenner3214]

@Randy Millhouse NO randy it's not beautiful. Even if your the one that is greedy. IT'S NEVER A BEAUTIFUL TRAT TO HAVE. NO MATTER 👎 WHO YOU ARE Period.

[@randymillhouse791]

@@michaelrenner3214 Do you save money for retirement? Then you are greedy. Getting as much money as possible means security in this crap world. If a person is not greedy, they will lose. You seem to have no degrees of greedy in mind, do you?

[@Atochabsh]

Just left/sold my double wide mobile of 20 years. In Sacramento CA. Space rent was up to $1000 a month!!

[@eckankar7756]

A couple lived at the mobile home park for 45 years and just now starting to save up to buy a home??? They had every opportunity to buy an affordable home for DECADES that was easy to qualify for and did nothing. 45 years of savings up even a bit of money they should be well off by now. I'm a retired hairdresser and was able to buy my house and multiple rental properties doing perms and hair cuts. I'm amazed at people my age that never bothered to prepare for retirement when they were young and able bodied. My sister was born without legs, rather than go on disabilities she became a nail tech and owned the salon I worked in. she owns 9 rental properties. Even with a disability she made a fortune in real estate. The times are different now for the young people, but we older seniors had every opportunity to buy a house.

[@derpderp4377]

That's me in the bushes at o:05

[@waynewallace2061]

Since your walking by that marina it makes me wonder what's happening to slip prices.

[@MichaelBordenaro]

That might be a good topic for a future video, or at least a tidbit. Most people probably couldn't relate or care less what marina slips cost people can't even afford a place to live who cares what it cost to park the boat lol.

[@Gypsygirl9]

​@@MichaelBordenaro lol..yeh..that guy in the mobile park may need a boat slip.

[@nowyouknowrealestate5703]

@@MichaelBordenaro I have a close friend who lives on a sailboat year round (for 20 years now) and rents a slip in Fort Pierce. They always have their ear out finding the cheapest slip. Ps… I couldn’t live on a boat. You give up a lot of everyday comforts of a house.

[@robtheaveragewhiteamerican4403]

The boats in that place look abandoned. Look at the barnacles on the catamaran. The bank probably owns all that shit. Or it will soon.

[@TropicTrdr]

I used to live on a boat. Valid point.

[@dolores6513]

Yeah think the market peaked in the last 3 months N of Tampa. I am not seeing big increases in lot rents or mobile home prices in Zephyrhills. I am seeing vacant or for sale MH not moving not a lot of vacancies yet but more. There are thousand of new apartments and new homes too that should keep lid on prices. As interest rates go higher corporate owners or REITs will do poorly and get out of mobile home parks hopefully before there are mass evictions. Years ago in Clearwater and St Pete I had patients who along with every other resident had to vacate their parks so development could proceed. Havent seen this in East and mid Pasco yet.

[@fergman300]

That CAT…. Was nice at the marina. Have a great video. Thanks for sharing.

[@marjorieallard6665]

My mom went into a park, but owned the land mobile home was on. I was thinking about getting into mobile home park. Park lot fees are really high and what you are talking about could easily happen.

[@YoutubeFabLifeOfJan1]

...and this is why I have rethought purchasing in mobile home parks, condos and 55 and up communities. You have no control over the monthly fees.

[@khaitran3709]

All these greedy corporate own land it the problem, all they care is money not their loyalty tenants . our government should put in place rental protection.. That why we have so many homeless in this country

[@rogerpatterson7106]

Mike you and I both understand the smoke and mirrors that can be used to further the greed of!!!!!!!!