Forum Discussion
Geocritter
May 22, 2014Explorer
I have a good friend who owns a mobile home park in Texas. He's been hurting since they changed the lending requirements on mobile homes several years ago. He's been staying in business by filling his empty spaces with rentals. It's a shame because his park is beautiful.
Steve
PS I think one of the killers for lenders is the shoddy materials manufacturers use in mobile homes. The floors for instance are invariably made of either particle or wafer board. Great material until it gets wet and the glue dissolves. In Texas moisture from the ground will condense on the underside of the floor eventually causing the floor to fail. Of course the manufacturer won't warranty against water damage.
Steve
PS I think one of the killers for lenders is the shoddy materials manufacturers use in mobile homes. The floors for instance are invariably made of either particle or wafer board. Great material until it gets wet and the glue dissolves. In Texas moisture from the ground will condense on the underside of the floor eventually causing the floor to fail. Of course the manufacturer won't warranty against water damage.
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