He went with the Goodyear whitewall upgrade. Those all weather tires increase the price 3 fold!!!
He went with the Goodyear whitewall upgrade. Those all weather tires increase the price 3 fold!!!
Capt Caveman
Lifer
- Jan 30, 2005
- 34,543
- 651
- 126
SlickSnake
Diamond Member
- May 29, 2007
- 5,235
- 2
- 0
Properties in my area happen to be going up in value, for the time being. But so are most the properties in the Dallas/Fort Worth area. Most people where I am at are able to get about double what the tax values are on a property when sold, btw.
The worst deals on a mobile home are usually buying an overpriced new one, then taking a huge hit in depreciation when it's installed on a lot. Just like a new car takes a depreciation hit, a new mobile home might get hit with an immediate 25-30% loss of value, just for setting it up. Which is why I wouldn't recommend buying a new one. The best housing deals are on slightly used or foreclosed on mobile homes, already set up on land. Unless you can do better price wise setting one up like I did and buying both separately.
My empty corner property is worth over 4xs what I paid for it originally. My house is worth about 4xs more than I paid for it. Do the math. I said it was worth 3xs what I paid for it, and was most likely undervaluing my property. I was just trying to give an accurate estimate of its current value, which is around 60k.
SlickSnake
Diamond Member
- May 29, 2007
- 5,235
- 2
- 0
LikeAnus said:
No, they actually remove the tires and axles after it's moved. They are not needed. You must be confusing this with a rusty RV like the one you live in.
No, they actually remove the tires and axles after it's moved. They are not needed. You must be confusing this with a rusty RV like the one you live in.
Originally posted by: compman25
Your house now being worth $38 isn't something I'd be bragging about!
LOL!! Dude has a "mobile" home and he's talking trash like he owns Henry Ford mansion in Grosse Pointe.
Poor guy. This must be the book you used to fix the place up:
http://www.amazon.com/Redneck-...Makeover/dp/1401602258
ViviTheMage
Lifer
SlickSnake
Diamond Member
- May 29, 2007
- 5,235
- 2
- 0
Originally posted by: compman25
Your house now being worth $38 isn't something I'd be bragging about!
I don't see you bragging about what you pay a month to the bank to "pretend" you own your house for the next 30 years, either. The housing market is crashing because greedy speculators over valued their houses when they sold them to clueless buyers. Then when the present "owners" can't afford to sell for the amount they bought for, without taking a huge loss, they then instead just dump the over valued property back to the bank to be foreclosed on. Such as when the balloon payments come due, or they lose their jobs, or hyperinflation hits, or when the dollar crashes. Which, BTW, it IS.
A lot of arrogant ATOTers who are buying or renting over priced houses are going to be the ones in a "van by the river" while I have a property and a house with a roof over my head, that is paid for. If my house is worth $38 and it is paid off, that is more than 90% of you out there can claim, isn't it?
Ahh, the "I'm better than you because I have a house and you have a mobile home" routine. Sounds like the attitude a child would have on the playground.
SlickSnake
Diamond Member
- May 29, 2007
- 5,235
- 2
- 0
My guess is you flunked economics.
And good luck buying a property, a mobile home and getting it set up and connected to utilities for 10k. Maybe you need to start another thread about how you can do it so cheaply.
Capt Caveman
Lifer
- Jan 30, 2005
- 34,543
- 651
- 126
Originally posted by: SlickSnake
Originally posted by: compman25
Your house now being worth $38 isn't something I'd be bragging about!
I don't see you bragging about what you pay a month to the bank to "pretend" you own your house for the next 30 years, either. The housing market is crashing because greedy speculators over valued their houses when they sold them to clueless buyers. Then when the present "owners" can't afford to sell for the amount they bought for, without taking a huge loss, they then instead just dump the over valued property back to the bank to be foreclosed on. Such as when the balloon payments come due, or they lose their jobs, or hyperinflation hits, or when the dollar crashes. Which, BTW, it IS.
A lot of arrogant ATOTers who are buying or renting over priced houses are going to be the ones in a "van by the river" while I have a property and a house with a roof over my head, that is paid for. If my house is worth $38 and it is paid off, that is more than 90% of you out there can claim, isn't it?
You're assuming that everyone has bought over-priced homes. Sorry not true. You couldn't pay me to live in a mobile home.
Originally posted by: SlickSnake
Originally posted by: compman25
Your house now being worth $38 isn't something I'd be bragging about!
I don't see you bragging about what you pay a month to the bank to "pretend" you own your house for the next 30 years, either. The housing market is crashing because greedy speculators over valued their houses when they sold them to clueless buyers. Then when the present "owners" can't afford to sell for the amount they bought for, without taking a huge loss, they then instead just dump the over valued property back to the bank to be foreclosed on. Such as when the balloon payments come due, or they lose their jobs, or hyperinflation hits, or when the dollar crashes. Which, BTW, it IS.
A lot of arrogant ATOTers who are buying or renting over priced houses are going to be the ones in a "van by the river" while I have a property and a house with a roof over my head, that is paid for. If my house is worth $38 and it is paid off, that is more than 90% of you out there can claim, isn't it?
You're the same guy who lives in a mobile home and has to put a $1,600 TV on a Sears charge card because you cannot afford to pay cash for it.
You don't actually own your TV or your car. They are on CREDIT. Got it Kettle?
Go sit back down to your TV dinner with your PBR and STFU.
SlickSnake
Diamond Member
- May 29, 2007
- 5,235
- 2
- 0
Capt Caveman said:
Well, I can't begin to compete with the cave you live in, for sure. But I couldn't find any caves in my price range of $38 when I was looking.
Well, I can't begin to compete with the cave you live in, for sure. But I couldn't find any caves in my price range of $38 when I was looking.
bryanW1995
Lifer
- May 22, 2007
- 11,144
- 32
- 91
mobile homes are nice b/c of their price, but they don't hold their value and/or go up in value like traditional homes. also, they're a little bit scary during inclement weather
alkemyst
No Lifer
- Feb 13, 2001
- 83,769
- 19
- 81
Builders are starving but many are trying to unload the houses they have already built. If you can find a private builder then you may be good. There is a limit though how cheap they can go. Rising fuel costs are increasing building costs though...
Your best bet right now if you really want to buy is to find a big builder in your area and negotiate pre-built homes. They are paying closing costs, doing 2 for 1 upgrades, matching money put into the house, etc. Some are even selling the model homes for the same price as the basic house cost with all upgrades and furnishings included. Unless you have some definite need for a custom home, you'd be better off going with an existing inventory home.
You'd need to determine from whatever official is on the inspection team if your credentials are good enough for them to have you design your own home.
Your best bet right now if you really want to buy is to find a big builder in your area and negotiate pre-built homes. They are paying closing costs, doing 2 for 1 upgrades, matching money put into the house, etc. Some are even selling the model homes for the same price as the basic house cost with all upgrades and furnishings included. Unless you have some definite need for a custom home, you'd be better off going with an existing inventory home.
You'd need to determine from whatever official is on the inspection team if your credentials are good enough for them to have you design your own home.
Sorry to stray from the current mobile home speak but...
I live right outside New Orleans so I have heard about and seen a lot of manufactured homes. They are a far cry from mobile homes and a good number of them are actually better then traditional stick built homes. The construction is similar to a normal stick built home except that large pieces of the home are built in a factory and then assembled on site. The largest parts of the homes being built in a factory allow for much better quality control. The wind ratings some of them have achieved are astonishing for a home that is usually built for well below market price of traditional stick built construction.
Unfortunately, most banks and insurance companies still put manufactured homes in the same class as mobile homes.
I live right outside New Orleans so I have heard about and seen a lot of manufactured homes. They are a far cry from mobile homes and a good number of them are actually better then traditional stick built homes. The construction is similar to a normal stick built home except that large pieces of the home are built in a factory and then assembled on site. The largest parts of the homes being built in a factory allow for much better quality control. The wind ratings some of them have achieved are astonishing for a home that is usually built for well below market price of traditional stick built construction.
Unfortunately, most banks and insurance companies still put manufactured homes in the same class as mobile homes.
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