Samuel Johnson (1709–84), author
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Now this story on Yahoo from the Tribune Wire Service about mobile homes in Malibu going for a million dollars. This has to signify that the housing bubble is near.
A former attorney paid $1.05 million for a mobile home that has virtually no land. The space for a trailer is a pad of cement that the home sits on. There is generally a small front and backyard as well as a carport. This former attorney, and current owner of a 1971 mobile home, does not own the land, she merely pays rent for the space. According to the article spaces rent from $800 to $2,500 a month.
I became familiar with mobile homes because my grandfather managed a couple of mobile home parks and owned one. Rather than rent an apartment, I suggested to Daughter’s mother that we buy a mobile home. She thought I was mad (now, I think she is, but that’s another story). We paid $16,000 for a 12 x 56 foot trailer. I think the rent space was less than $100 a month. The first time the washing machine went into the spin cycle, I honestly thought we were having an earthquake the place was shaking. We eventually got used to it.
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A few years later, we sold the place for $26,000. We got married and moved up to a doublewide trailer 24 x 60 foot. We purchased it from a mobile home dealer. We had the washer, dryer and refrigerator included. I had a wood burning fireplace custom built into the place. We paid $42,000, sold it three years later for $62,000, and purchased a house. This was all back in the early late ‘70s early ‘80s. The space rents were starting to go up and it did not make sense to live in a mobile home, if you could afford to live elsewhere unless you wanted to retire and be part of a small community.
Now, since a house in Malibu sells for several million, I guess it makes sense to buy a trailer, but only if you want to live near the beach and be on the real estate bubble.
Note: I suspect the bottom picture is of a mobile homes after a tornado.
3 comments:
Mobile homes by me are actually going for $200,000. I am SO not kidding.
BTW, your link in your comment did the same thing again today. Perhaps sometimes it just defaults to the wrong thing?
Mine has changed as well
http://www.theartofgettingby.com/
Considering the presence of palm trees in that lower photo, I suspect it was a hurricane, not a tornado. Tornados are rare in palm tree territory, though they do happen.
I saw the palm trees and realized the error of my ways, but was too lazy to change it.
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