Pros & Cons Of Owning A Mobile Home
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- čas přidán 22. 07. 2024
- If your thinking of buying a mobile home, you might want to think twice. It's not what it's cracked up to be. If your planning to live there the rest of your life, it is the best way. But if you ever have to move, your going to loose allot. So watch this video, and I will tell you my story. Thanks for watching.
" I finally got my head together but my body fell apart " is sooooo true ! I hope everything works out for you ! 🙏
I hope it does as well, thank you!
"We ended up losing our patio table a week ago. We don't know what happened." Hint: Same reason you keep your grill chained to the concrete.
You can't trust no one.
1st park ive seen so nicely laid out & with a garage. Very very nice.
Thank you, I love my garage.
And clean surroundings
James Sween definitely a great, if not the best feature
I agree. It's not like most mobile home parks that I've seen where they were cluttered and close together with trashy streets. Your neighborhood has a very homey look the way an upper class neighborhood looks. That should help you sell it.
look up vintage acres Duluth MN u will be mind blown how nice it is
We purchased a manufactured home with an acre and a half in a rural community. Homes today are built so close to one another and we didnt want to live like that. On the plus slide, the land will appreciate!
Where is your mobile home.
Your very lucky.
Yea..thats what im doing next..i have a mh in a pretty nice park...rn...
I just retired, sold my house(3 floors and too much to take care of), bought an existing used mobile home(with a deck and 2 car pole barn on the property) on a few acres of land(well and septic) and paid cash. No close neighbors and I'm loving it, will stay here for the rest of my life. Cheap living! Would never live in a mh park.
chances are you need to built a septic tank and drill for a well...could be a pretty penny
You know at first I was about to skip over this video because I was like oh boy this old man is off his rocker, he can’t stay on topic and he is rambling. Then I actually watched the whole video and I’m thankful I did because you brought up a lot of great points. Thank you for your wisdom.
Thanks buddy, I know I talk to much. But I'm glad you hung in there, and it made sense to ya. Thanks for supporting me, I'm just a little man. I try my best to pass good info along. Allot has happened sense that video was made. And there are many cons. I hope to tell all my subscribers about it. The cons are adding up. I'm making allot of notes before I put this next one together. It will be a good one.
@@jamessween what are all the cons that are adding up ?
@@jamessween russ macomb i agree m9st will but what if we made our own association and cared for the land the mobile homes were on? Then we be in control. Then live affordably?
@@anastasia10017 i live in a mobile home park before and loved it when i first moved in because seniors are great neighbors, i jad kids but mine were not allowed to roam the neighborhood. But suddenly we got a large influx of kids that stayed out all night destroying the park. Finally someone bought the park and one by one, the ones woth unruly kids got tossed out. They owned the towing equipment too si if that was an excuse it wasnt long. I think they normally charged $1500. But would tow them out for nothing to get them to move so the good people would stay. He only had to do it a few times and tje neighborhood went up to a good place to live in a short time. Also moved homes that were too close together apart so people actually had a yard. Then we bought a house and moved. But i remember.. id like to be able to make an affordable place for persons to live..
i agree most will but what if we made our own association and cared for the land the mobile homes were on? Then we be in control. Then live affordably?
This got to be the best mobile home park I ever seen in my entire life.
I’ve seen mobile homes in MD for $150,000 plus and you still have to pay land rent. Might as well buy a house here for that price. It’s crazy.
Exactly my Bestie owns her's but the lot rent goes up all the time but she has been there for ova 20 years. She should've purchased a house
I would say your right on that. It is crazy. Thanks for watching.
I really like how the siding goes all the way down instead of having ugly skirting. It makes it look more like a real house.
He chained his grill down so Ricky and Bubbles couldn't steal it.
Love it, I watch them too. Great comment!
@Micheal Williamson: Not in that park! I agree it is probably a Ricky
Montano and "Bubbles" Jamison. (LOL)
Silly; that's what a shotgun is for!
@Micheal Williamson ...or Tywonda & LaDavid!
:-) lol!!!
I bought a mobile and lived in it 4 years. I loved it and could have lived there for the rest of my life. I had a heart attack.
SSI kept putting me on hold because I was still having attacks and they wanted to see if I was going to live or die. If I died they would not have to pay anything.
I spent all savings during the six or eight months I was in and out of the hospital. I got behind on space rent.
I listed the mobile and received 19 firm offers. The Park owner would not give any of the buyers a lease.
They did the required year of back rent due, and then I got a notice that I had to payup or move the trailer. I simply had to walk away.
If your buy one of these, buy lot and put it on your own property. Park owners are monsters who will steal everything they can get.
You sure are right on that. I always tell them that they will own my home someday. That is how they make their money.
So sorry this happened to you. Hope you are ok.
That park is beautiful and very well kept! Thank you for sharing!
I know. That is why I think it would be smart to hang on to it, instead of making things worse down the road. It would be a big mistake I think. Who cares about the Spanish people that live there, they don't bother me! She just hates Delavan is all. Delavan don't have nothing. We live all the way on the other side of town, and she hates that. And my sister as well. She lives up the road. It can be like the old days, Just never visit my sister, that would make her very happy. In the beginning after moving here, I was a drunk. I did not see my sister for 2 years after moving in this park, then one day it happened, we started seeing each other. Now I have to quit seeing her again, even if we move to Janesville. After all, that is what makes a marriage work. Just stop seeing your brothers and sister, RIGHT! You be the judge. Thanks for supporting me. I need allot of help. This home I bought with my parent's inheritance. It would be very bad to leave this sentimental place.
WOW, this mobile home park is spotless.
@@jamessween Looks like you have a nice home in a great park. Good luck.
These places should be designed for all retirees as a final journey place downsized and ready to rock
The park looks very nice and clean. I'm not sure if they have anything like that here in Georgia unless it's for seniors. I think it's best to own the land. Thank you for sharing this information!
In a park yes they depreciate, on private land they will become what is called real property.
Yup! you are so right.
I've heard the same thing. It's actually my current issue. I DO own my own land (quarter acre) and am torn between going with a manufactured home vs. a site-built. Everyone in my family/friends and coworkers have convinced me, at length, to stay away from manufactured homes. However, from what I've seen, the only real difference is where they're built and the lack of a monolithic/concrete slab (for manufactured). I've been in some manufactured homes on sales lots and, gotta admit, I wouldn't think I was in a manufactured home. Plus, as I've seen in other videos, the site-built is exposed to the elements...versus a manufactured made in climate-controlled conditions. BUT APR% and insurances are higher for manufactured and...blah blah blah...I'm like a pendulum trying to decide which way to go.
@@jester9159 on land they appreciate 2/3 the rate a house does. I am in my 2nd double wide on private land.
We had one on private land and every year our taxes went down. It def lost value every year.
Thanks for sharing so-o-o much information! You make a lot of good points. We are moving in that direction....particularly for the ONE grandchild.
I really want to thank you for your support, and I hope you find something very nice. God bless.
I’m so sick and tired of paying so much rent for a shoe box. I cannot afford to buy a house right now so I’ve been doing some research on mobile homes. I want to definitely rent first and then see if I want to purchase one day.
That would be very smart! Thanks for watching.
stunning area. Wish there were more variety of plants and trees, but the park is stunning. Thank you for sharing.
You are so welcome. Trees don't grow here very well.
Hi I’m 46 and I just purchased a beautiful three bedroom room two bathrooms and two big decks on my home. I love it. It’s only me and my young 19 year old. The park we live in is beautiful swimming pool and everything I have a nice lake where the ducks play and in the summer you can fish in. I love it. My lot rent is 690 a month and it’s awesome it’s quiet clean and beautiful.
Thanks for sharing I didn't have a clue. Your voice is so calming and thank you again. New subscriber
We bought our 2016 mobile home in a 55+ park (Llano Grande RV and MH Resort) in tropical deep south Texas. We are within 50 minute drive to the Gulf of Mexico. We pay $480/month lot rent that includes Wifi, cable, 24 hour gated security, 3 pools and hot tubs, tennis courts, pickle ball courts, dog parks, rec center, pool hall, craft room and more. It can be a great option for older adults. It depends on where in the country you live.
I wish had that here in northeast
@Theonlyonestanding why wouldn't we, there is room for anyone :)
I would have to agree with you. It's where you live.
Theonlyonestanding lol don't be a wuss there's no racist Boogeyman trying to eat you.
Listening to you talk reminded me of my father,. I mean that in a good way. R.I.P. dad and mom
Thanks for sharing.. hope you are successful in your desire to be closer to your family..I learned much... God bless.
Thank you for posting this wonderful video and for giving me your honest opinion about mobile homes.
You are so welcome. I'm glad to give you my opinion here in Wisconsin. This may not be true in other states. Thank you for watching.
Mobile homes are great, it’s the park that’s the issue. Park has home owners by the short hair. You can never be free of their mandates or space rent.
Mobile home park owners will screw you every time Alpine Oaks "Estates" is but one example
Having your own land or staying put.....like my auntie is doing , is basically the plan . I guess parks are only good for renting the homes out , don't know .
Great point
@@Serenityafterall depends on the park and your desire to maintain your yard. Some dont want to maintain their yard, or start collecting junk they never use. But restricting many things also a good owner might like to do also. Iike a pet or chickens. If homes are too close you cant.
Id make a place to work on your car and a place to walk around without disturbing others, or ebike riding and raised bed gardens.. then you have options and not just 4 walls and grass.
I would agree!
Hi James I live in California and I’m thinking about moving out of state and buying myself a mobile home in the next two years or so your video gave me a lot to think about I’m not in a rush but I’m looking I really love your mobile home it’s nice but good lord I didn’t realize all the stuff you have to do
Thank you for helping with all the info it’s really appreciated.
I'm glad I was help to you, And get out of California before you can't. It is the highest state on cost of living. And besides, I can't imagine you like the smell of smoke. I really think your state is turning red, and I don't mean fire.
Thank you for the video. Really appreciate it.
I never knew you had to have cash for a used mobile. Never knew you had to leave them in a storm! Glad I heard your video. I’m 63 and was wanting to get a used one but I don’t want to have to leave every time a big storm comes…. Thanks for the video you saved me with the information!!! Will look for an older wood built home. Least I don’t have to leave when the big storms come!
Thanks for the information. I learned a lot. I always wondered about mobile homes and how the system worked. You did a great job. Liked listening to you.
It tears me up! Thank you so much. Some say I talk to much, but I am surprised. Most of the comments are wonderful. I tried hard to warn people on the age group on buying a mobile home. Some want me to make a part two. I just might do a part two. There is allot more to talk about, and I would take you along on the inside and what to look for before you buy. Thank you so much for watching.
I really liked your candor. Blessings to you & your grandchildren.
You did a really nice job on this video. I learned a lot and will take much of your advice to heart.
Thank you, I'm glad I could help. And thank you for watching.
A very sobering look at mobile homes. Thanks for the video! We were thinking of selling our home for a mobile, now second thoughts after seeing this. By the way, you made me feel very nostalgic, I'm in San Diego now, but I grew up in Fond du Lac. Regards...
Wow! We were practically Neighbors. I'm really glad I was a great help. There are goods and bad's. But it works for me. Thanks for your comment.
Thank You, My Husband And I Were Planning For Mobil Home Living, We Are In Our 60's We May Rethink This... Too Old To Mess Up Now....
It is a hard decision to make, I know. And it is different in other states as well. It works for me here in Wisconsin. I hope never to move. But I might if my ex to be wife has her way.
@@jamessween - So you're moving because of the ex to be? I learned my lessons about mobile homes and parks when my grandparents owned one back in 1970. Arkansas. It was a nice mobile home, but there is not enough space!! And when it's nice outside, you can't just open windows. Most mobile home owners need to run the a/c as they liken it to "living in a tin can." Most people around here who own a mobile home are young and do so because it is all they can afford. And it beats living in an apartment complex, sometimes. But definitely not for me as I saw all the headaches my grandparents went through even at that young age that I was. I listened to it through 1985 and was in my early 20's. I'll take some very small house any day!! Good luck in selling. I wish you all the best.
Love your home’s. You’ve inspired me to do home tours. Keep up the good work.
Thank you! Will do!
Nice place you have James. I hope everything works out for you and your wife. Good video! 👍
It will be hard. I tried this about a year ago, and thought it was over, but I guess she wants to be 10 minutes closer then we already are. And put up with all that traffic everyday and the stop lights in Janesville. Oh well! They know whats best for mom. Make sure she is very happy, thats the story I get. We will see how easy this will be at my age of 63, after just retiring not even a year yet. All I can say is KIDS! you need to borrow me more money to make this all work, and watch both of us go broke.
Awesome info! Thank you for all the help😀👍💟👏
Nice place 👍
Embrace the tree roots, they add character and give a natural look. Not so high that they will trip you and not ruining pipes or foundation. I think they look neat.
Thanks for sharing your experiences. We really appreciate it.
Your welcome, I just thought it would help people out, by not making a big mistake. Thanks for your support.
Thank you for all the info especially those who commented and you gave good answers
Why thank you so much. And I want to thank you for supporting my channel as well.
Thanks for the help I will purchase a home...I like the upgrades in the mobile home but I will leave the headache of owning one behind.. I pray you will move closer to your grandkids be blessed
That's not going to happen, my wife is getting divorced from me. She would rather be in debt. Now we both loose. I bought this mobile home from my inheritance from my parents along time ago, so now she wants half of it. So the fight begins.
You in an ideal park that is very well kept up. Sadly there are thieves everywhere, they see items that they can steal, and they would scrap it or sell it on Ebay or something else. Nowadays, companies are doing there best to make it difficult to sell stolen items from marketing invisible identification on there products. Anyways, modern technology is improving and trying there best to catch the thieves. I tip my hat to companies who are on your side. I thank you.
I am thinking about buying a mobile on over an acre of land.. thanks for the video. You have a well kept home.
Thank you, but right now it needs work. If you get the land with it, that would be very nice. You will never have to pay lot fee.
I live in California, near the Silicon Valley.... super expensive housing. Mobil homes are the only thing here that I could afford and they can appreciate because there is a shortage of housing. I find family parks are not kept up nicely, but senior parks are wonderful. Clean and well kept. Out of many parks only two of them have it arranged for the mobile home owners to own the land. So.... with a lot of looking, its possible to find a low enough space rent. There are bank loans that WILL finance if the age of the "manufactured home" is not from 1970 or before. So.... if it's a fairly new "manufactured" home... You can get financing if necessary. I'm willing to buy an older one with cash, if I plan to retire here.
Adrienne Sainten thanks for the info. I’m in Southern California.
What 2 parks provide that option to own the land ?
I'm in the same boat. Renting isn't an option at Bay Area prices.
@@ulisesguerrero4014 I will get the names & details out to you soon.
James Thank you for your video.. you answered all the question that already knew.. my parents used to own a mobile home in the 1960s and early 1970s while I was a small child.. back then it was just my sister and I and in 69 my older, younger brother came into the family though we lived in a 3 bedroom trailer, it was tight as our trailer what dad called it, was 10x70 not very big by today's standard. at one time I owned my own trailer in the 1990s but I had a bonus I owned my own lot but not in a mobile home park.. I lived in a small town that allowed my mobile home to go on a regular lot.. though it was small 50x150 deep lots it was perfect. but yes its expensive with utilities such as heat and Ac usage as my home ws all metal on the outside.. but it was awesome owning my own home. I lived in for nearly 2 years and moved due to job transfers. My philosophy if you can't buy the land under do not buy a mobile home, as you are paying basically twice mortgage and lot rent which can cost just as much as an Apartment $700 to $1000 depending what you have in your set up. which does not include utility in some cities.. but most will cover water, sewage and garbage and street maintenance. and yes you are right you buy a new within a year it will depreciate by 50% used by 20 to 25% unless you can prove you did some improvements.
Thanks for your insight it was very helpful. There's just so much to think about
There sure is. That is why I made this video, so you might not make the wrong choices. I hope you make the right one. God bless.
Appreciate your honesty,thank you.
I did the best i could. My wife left me that day. She said she had enough of the mobile home life.
Your house is great! I would love to live there. Your lot rent is also reasonable. The garage is a great bonus! I live in a brick house with no basement so not shelter for tornadoes. In the Texas we do not have basements due to we are not high enough from sea level. I agree this is a great choice for us in our older years.
I was 13 when we moved from a 3 bedroom brick each home in Virginia and into a 14x70 3 bedroom mobile home in Michigan . It was new. My Mom decided to move it but. Before she moved it to a nother area she paid for a little basement to be made for it. So you can have a basement with a mobile home but maybe not on a park It would depend on park rules.
Ya you are right, it depends on the park. Very few will allow basements. Thanks for watching.
Thank you. Very well spoken video. Thank you.
Most don't agree. But this is what to expect here, where I live. This is not true in other states.
Appreciate the video tour! You have many excellent improvements.. Be well.
Thanks, will do!
I watched the whole thing. Thank u for your wise tips, James. Greetings.
Thank you, I have been away for a wile on CZcams because views are way down. It don't pay for me to do videos with 50 views. My old videos are getting more attention than the new ones. But I'm glad you liked the video. I'm starting to rethink the CZcams platform, it stinks, it's unfair, No directions that are easy for normal people. So that is why I am stalling putting up useless videos. If you want to be a good CZcamsr, you need to take some classes. That is my take.
@@jamessween It's understandable, James. Anyways, thanks again for sharing your tips and your superb home with us. Greetings from Argentina (you reached 9000 km south!).
Hi I’m in my 60s living in northern England
And it looks like you have got everything
Together just fine
I guess that a lot of people would like to live
In a home like that ,
I shall probably be thinking of buying a
Mobile home 🏡 in a few years
Good video 👍🏼🇬🇧
Thank you, To me, I can't see it as a bad investment as long as it's your last home. The young, I think should stay away from it because it will depreciate over the years. Thanks for watching.
IM THINKING OF LEAVING MY HOUSE TO GO LIVE AT THAT TRAILER PARK
Check it out, and look me up, I can help.
Thank you so much. This was an awesome video.
There is more to come. I'm not to happy about this mobile home. You get what you pay for. Thanks for your nice comment. I want to shoot another video on this topic. I had allot of problems lately on this place. I will do one this fall.
I live in an older mobile home love it for me it's lot rent is cheaper then renting and as for the home it's easy to keep up for me. I am saving to buy land and get a newer home on my own land.
Thank you for sharing and good luck!
Thanks for the video and your take on a mobile home ownership. Having purchased a mobile home back in 1976 as our first home, at the time it was the best decision that could be made. Interest rates were in the double digits and everyone wanted a big down payment. I was glad to get my younger brother to take over the loan as I went back into the US Army. My younger brother was able to use the trailer house as a down payment for a real house. I do not suggest anyone get a trailer house as you are stuck with paying the owner of the land for parking it on a property. They can raise the rent on the property every year. With the interest rates as low as they are these days, buy a house! ;-)
Dave Mork mobile homes are great..I've lived in several, but only one on rented land..never again..I'll live in another mobile no problem but only on MY land..and no hoa's ever anywhere, house or mobile..👍
Your so right, But I am screwed right now, I plan to die here. I'm mortgage free how good can it get. Your always going to pay taxes anyways, and water bill and garbage bill. I mean to say we have it nice right here, why break something that works? You know what I'm trying to say? Thanks for watching my video, I hope people get the message. But it is not for everyone.
There's pros and cons everywhere no matter what it is... a house, a MH or a rental. And I've been in all three. But looking at your place it's a lot than some other MH's I've seen. Overall it looks pretty nice and quiet. For $27K people would k!ll to have that compared to what everything cost now as opposed to 4 years ago when this was uploaded.
I have a single wide on my own 5 1/2 acres of beautiful land. It sits alongside a small creek down in a valley. I can’t do parks lol.
I don't blame you. I would do the same if I could.
Really useful video thanks for sharing 💕
Thank you, Mobile homes are not for everyone. I just had to put this out there. Hope it helps. And thanks for your support.
James I love your info. I have been eyeing a used mobile but it's a co-owner setup so you actually own your land. It has age restrictions so that works for me being in my 60's. It's in British Columbia so not much worry about tornadoes, and a few blocks up the hill from the ocean, which I love! I hope it works out for me. Good like with your re-location!
Well thank you Ripple Waters, I appreciate the comment. But after the last eight months I have been going though a divorce and it was my wife that was trying to force me to sell, and that mobile home was bought from my inheritance money from my parents. It would be a shame to sell this great mobile home so she could get half the money. I don't think so!! Only my name is on that title. My lawyer says she can't get none of it. This was planed years ago. She is a gold digger. I just never could put my fingers on it. The whole United States has both men and women that are gold diggers. It is not just women. But I was a victim. Sorry to say. Thanks so much for watching, that video was very hard to make. I had to be carful but people need to know this stuff. And now you know. So take care, and I hope you get your mobile home as well.
@@jamessween Thank you for replying, I wish you all the best for your future. People care so much about money instead of being happy! I lost the love of my life in 1978 and our time together was so brief but he was the most honorable, principled man I have ever known. I did move on and got married but no one compares to my true love. We were both dirt poor but spent time at the ocean, playing frisbee and scrabble..... all cost free. No money can replace those happy times. My second born son has James for his second name! How do you like that? Have a great day and keep your chin up and love in your heart!
Great video. Thanks for posting this. Have a nice day.
I'm so glad to help, I told it the way it is. And I want to thank you for watching.
Thanks for all your advice...
Your welcome, i'm glad I could shed some lite on it.
Bought our 1984 mobile home in 2006 and on it own land. Paid 23,000, fixed it up for about 5,000. Has been paid for several years. Have a large shed and carport. It's nice and we can relax and enjoy our retirement.
I'm glad to heir that, I feel the same about my place. Thanks for watching. My videos have stopped because of COVID19 hope to be back soon.
Hope you're doing well and staying safe.
I live in Oregon. I've seen some adds for some older mobile from the 1980s in parks and there asking 25.000 to 70.000 dollar depending on size and year. Some are in the 1990s.
We pay a space fee of 420 a month In OR.. payed $ 8,000 thousand for 1978 single wide .. we live in a mobile home park in the country across from a lake.. open field in frount of us.. we have a side yard, front and back. Everyone owns here and it's quiet .. We are blessed to have our home and location..
Beautiful community.
that addition is awesome
I have lived in mobile homes for the past 30+ years and have always thought the state should REQUIRE the land owners to have a tornado shelter if they are considering themselves as a mobile home park!
Very nice! I think you've done really well for yourself!
I think so, but now I might loose it to my ex to be.
i have a nice mobile home with a garage and the land lady wants me to buy it and best part here is i will also own the land. just came here to hear what others had to say about buying one. thank you for the video.
I'm glad I could be a help.
My parents sold their home in Baltimore city and bought a manufactured home on a basement with ownership 2 acres of land in West Virginia. They are very happy. Privacy and independence.
I think the water piping your talking about is PEX systems. The special tools are expensive, Lowe’s has them. I hope everything works out for you.
Thanks for sharing your wisdom. I appreciated. Blessings!
Ya your right it is PEX. I had to have a person come in and do it. Thanks for watching.
Nice info. Thanks for sharing and take care.
I'm glad to put out this video, most people think their Mobile home holds its value. But it really don't, at least not here where I live. People want new ones.And a big payment.
That's a good point you make on the basement tip. I know when staging an area for combat that same thing is considered, and if possible you want to remove any heavy overhead structure (especially in elevated positions where shots fired from the ground are likely to hit the ceiling of the room you're in), or maybe just move to a more ideal building without a big reinforced load-bearing roof that will likely end up crashing down onto you or trapping you if it collapses.
Here's something I heard to remember about Tornados that Is very a "common sense" tip, but still good to remember: If you see a Tornado and are trying to gauge it's path, if it does not appear to be moving, but it does appear to be getting larger, it is coming directly towards you and vice versus (if it appears to be shrinking but not moving laterally, it's moving directly away).
It's silly though how people seem to consider the tornado issue regarding mobile homes. It's almost like people have this idea that somehow trailer parks magically attract tornadoes, as if by living in one you're more likely to be in ones path in the first place..
I'm not to worried about getting hit with a tornado, even though it could happen. If you get in the path of a tornado your done for no matter if you live in a stick built home or a mobile home anyways. I'm glad you enjoyed the video. I filmed that video right after my wife left me and filed for divorce, so I was a bit nervous and being careful on what I was saying. Believe me, if I had to make a new video, I would have said a great deal more. Thanks for watching. And God bless.
If you don't want to eat the depreciation, just buy a new-enough used mobile home that has already depreciated. Problem solved. You've just turned that downside into an upside. You bought a lot of house for cheap. It should still be in excellent condition. Buy your own land. Do not rent lot space in a mobile home village. If you want to sell at a later time, you haven't really lost anything, because it hasn't really cost much in the first place. Your property should still be worth money and the home may very well make the property worth more than just a vacant lot. You won't get site-built home resale value out of it, but you didn't pay site-built prices either. Pick your poison. Most people don't have any assets larger than their home, which they may not even own if they're stuck in a mortgage. Live within your means and always try to come ahead with your income outpacing your expenses. Live with your parents if you're on good terms and help them out around the house so they won't want to kick you out early. Wait a little longer and pay cash instead of borrowing money wherever possible. Here's some advice targeted for the guys, masturbation is cheaper than marriage. Settling down with a woman and starting a family with a newly-mortgaged home is an express lane to sinking your future financial success. The larger home, the larger meals, the after-school programs, additional vehicles, etc. combined with the interest and principle payments of your house will leave you living paycheck to paycheck all the way up to the divorce. And that's when the real financial carnage begins. Learn from others' mistakes, gentlemen. Once you're debt-free, you have now freed up your income to go to work for you. I recommend learning about sector rotation and investing in sector ETFs and mutual funds as this will spread your money out among many different companies. For example, in the event that Petco goes bankrupt, you'll also have stock in Petsmart who will swallow up the remaining market share left behind by Petco. Thus, even when one of your companies falls, your others buffer the loss. But events can also occur that affect an entire market segment. Do not only invest in large cap companies, for example. You want to have some of everything and mutual funds and ETFs are very good at giving you a small sliver of a little bit of everything. Don't try to time the market or bet on only one horse and you can eventually earn more money passively from your investments portfolio than you used to make from your day job. This is where cheap living comes into play. Not having a large mortgage hanging around your neck for 30 years will allow you to start this process sooner, allowing the TVM (Time Value of Money) to work its crazy magic. Spend a little less time watching cat videos and a little more time watching Monkeynomics 101. Thanks to the internet, you can teach yourself any skill you want to learn almost for free at the expense of your personal time. Best of luck to you all.
This is the best advice I've ever gotten in my 38 years of existence. Thank you for writing this.
That is great advice. I'm 65 and did everything he told me not to do. I only learned after about 50 years of age on how to hang on to money. But one of the things I will bring up is a great marriage is everything. Unfortunately I did not have that privilege, I was married two times, and both times, especially the second time I had no help with her trying to get a job, it was always part time and she always lost her job. After sitting around on her ass for years she had a heart attack. Never took care of her self. So she was board and said it's over. I said thats fine with me. I can now live cheaper by not supporting you. And that is most of my point on young people today. Be carful on who you marry.
Yeah, gotta pay cash and own the land, or its not worth it.
I agree! Big time. That is a con. Thanks for picking up on that. And even owning your own land don't help because the parks still charge you for other things as well. You never win. Stay away from mobile homes! It sucks. I'm all caught up into it, and when I sell it, the park takes 10 per cent of my money, because they will not let you sell it private. You can, but you can not put a sign in front of your home. Only they can. And that really sucks as well. So I will stay here till I die. Sorry, but don't buy one of these pieces of crap.
@@jamessween Lol I love your blunt honesty!
Sounds like the problem isn’t the home, but the lots and the park rents and rules. One reason why I would never rent in a mobile home park.
I pay $700 a month in lot rent for a mobile home I own outright. They raise the rent $25 a year. Never buy a mobile home unless you can BUY the lot. Renting land for a home you own is a BAD idea.
Just watched your video that you made two years ago and find myself wondering if you finally sold it and how your move went to be closer to your grandkids. Was it all that you planned on? Are you living close to them now? Blessings to you, and please send your prayers our toward our way here in CA 😊
I'm diggin the bar... Its a mobile, But its a pretty nice place. I also like the garage and the driveway skirting on the right so you dont have to drive on the grass.. Nice place James. I hope you find your new place soon.... Peace- out.
I don't plan to move unless my ex to be makes me sell it, so i'm on the street. Sometimes life just don't treat you fair. We will see. Pray for me.
@@jamessween Good luck my friend. When we reach our senior years we arent supposed to have to worry about housing. You are in my prayers.
What a really nice mobile home park never wanted to live in mobile home park that one might change my mind.
Those are top roots and they will keep moving up if you cover with dirt. Either cut them down, have the roots ground down or cut the tree down.
The park will not let me. I don't own the land. But you are right about it, they need to come down. Maybe the wind will nock them down for me. I hope, but not on my house. Thanks Big Al. Your channel is awesome, I don't comment much, but I give a like all the time. And you get a view. And I'm glad your doing great. Thank you so much for supporting me.
Nice setup. Personally, if I lived there, I'd probably stay put. Because if you move, you're just trading one set of problems for another set of problems.
Tell that to my ex wife to be. I know all about it. That is what caused this mess.
Watching from Norway here. Very nice video. Ofcourse, trailer parks and mobile homes wouldnt work here because of the bitter winters and climate overall, but it seem really nice.
I like it here, and the park treats me good. The rent keeps going up but what can you do. That's life. Thanks for watching.
P.S You covered all things thank you. You can install water filters on your showers and sinks for a reasonable price. All the best .
Thank you for watching.
Great video, thanks!
Thanks for your support.
Thank you. We were close to purchasing a mobil home in Montclair California. Mobil home price was 155k then dropped to 150k. Home was well taken care of. Loved it. Fire place huge master bedroom bathroom with jacuzzi tub. 2 living rooms 3 bedrooms 2 bath. Well taken care of. But the down payment 23k. Space rent and utilities $680 a month. So we were looking at a ballpark of 2k a month.. That's alota mula. . Or I can buy a house about an hour away and commute everyday and chance wild fires and weather and accidents and traffic going to Vegas on the weekends going home from work or to work. But the homes there go from anywhere from 190k to 300k. And the payment would be around 2000 or less. Hard decisions to make if we want to stay in the local area.
That is why I never moved to California. I almost lived there, but the cost of living will kill you. I fond out when I was there you had to have a trade of some sort. And I did, but after a few years my trade died. So I would have had to find somewhere else to live. You have to be rich to live out there now, and the wild fires? No thanks.
Detroit looks mighty cosy, ,this time of the year.
Thats a good one! LOL
When I retired we had the house and eight acres paid off ,my truck paid off ,was still paying on her car,we do pretty good you really have to watch things, thank you hope it works out.
I hope so to. I just as soon be able to stay right here. Why change? It don't make sense. But the wife knows best I guess. Well! we are now going through a divorce now. And it is because I don't want another debt no more. Is that asking to much? She nuts anyways!
@@jamessween James getting rid of the extra weight may help ,stay positive.
I like the addition you have on the back. Looks very nice 😊
Thank you, it took allot of work.
I installed my own furnace in my home for $750 about 4 years ago. Goodman 93% efficiency. I work part time for a heating/ AC company.
Wow! that was very reasonable. Where were you when I needed you? I think them dam furnaces are way overpriced anyway.
Thank you for posting this insight.
Glad you enjoyed it!
As a 67 year old who has a raised ranch with washer/dryer in the basement and half acre that is getting harder to take care of, I was seriously thinking about selling and getting a mobile home in one of the 55+ communities in this area. However, the used ones are 90-120,000 and lot rent is between 400-800 dollars. After hearing your experience, I will have to look at other options.
Ya! they like to take advantage of ya. At least here they do. But I'm stuck with it now. And my wife is divorcing me at the same time. This world is crazy!
@@jamessween it's hard having troubles any time but especially at holidays. I hope next year is a better year for you.
Here in fort myers you can easily pay $800 - $1200 monthly for land and amenities. this year they are all jacking it up big cuz of inflation. these days poor have no choice but live under bridge. corporate america won . congrat to american people
Nice we paid cash for ours we pay $135 lot rent comes with water & septic we pay electric & gas & trash total cost each month $315 -350 works mobile home older but in very good shape it works not looking for value just a nice home that’s what we have.
Many people rent their mobile homes. We’re in NM weather good maybe a snow dusting no bad storms blessed!
We lived in Appleton for 7 years and I was itching to get back to Florida so I took an early buyout and used that money to buy a modular. Paid 54k and 600 a month lot fees. We were there 11years. Maintenance was beyond outrageous. Then came eminent domain and the quest to move and upon inspection we learned we had extensive termite damage on the underside of the home so on top of paying over 10k to move it-yes that number is correct we would have to put another 8k in reinforcing and replacing the base of the home. We got someone to take it off our hands for less than 20% of our purchase price. Would I do it again? Absolutely not. Wish this video was out in 2005!
Sorry to hear that, it had to be a bad experience. I'm going to stay and die here, it's about the only thing I can do. I need to improve on a few things. Like new rugs, paint, replace a few windows, replace the screen door. And paint the porch. I hope I don't have to reroof the place, that would cost plenty. And I have to worry about the rent going up all the time. But I'm 63 and all by myself, soon maybe someone will come along and be my new soulmate. Someone I can trust. Well thank you so much for your comment.
James Sween I pray you find new happiness, I read some of your replies and my ‘adopted mom’ had a saying, when God shuts a door he opens a window’. Wisconsin has a very reasonable cost of living and aside from the brutal winters is a nice place to live and the people in general are nice.
@Chris Landree i hear you and im looking at some farm land to share with other to live in a decent home to stay. The farmhouse has several bedrooms and in good shape.There is also tiny homes i hope to let people have a spot with raised bed gsrden and a feeling of comfort.
I’m planning on doing that but with my own land. I’m just curious is it like a HOA?
Very nice mobile home park!!!
What city and state is the trailer in ??? I like the house and great little garage and maybe a work shop for a great get-a-way place !! A good video !! Thank you !!
Wisconsin. Right now I can't sell because of a divorce.
I loved our actual manufactured home, but would not prefer another park situation. We had to submit a WRITTEN plan to be approved for ANY yardwork/planting. If our grass got more than 3 inches tall we got a written warning to mow. It was HELL.
Wow, that sounds like an HOA.
@@TheOriginalC.H. All parks that I know of have HOA, like the guy in this Video, he pays HOA. He didn't call it that, he called it Park fees, but it's a HOA. HOA are Hell! Don't like them.
This is an interesting video. I was never interested in mobile homes. After watching his video, I see that I wasn’t far off. This is a nice-looking home though, and I enjoyed watching this video.
Well thank you so much.
@@jamessween You’re welcome. It looked cozy.
Hi I really enjoyed your video Thanks And God Bless You.
You are so welcome
Great video, thank you.
You are welcome!
Just a thought.....maybe you should change the locks on your house and lock all outside items in the garage for the time being? Best of luck on the sale of your home. Always, best wishes to you!
No! She took the table when she brought back my camera, and kitchen table and my recliner and vacuum cleaner, and flash light that was on the bed. It never was stolen. She needed it for her to smoke at, where she now lives. She now has a place to sit down and smoke her life away.
Drag Racing 👍 brings back memories of Don Garlits and The Snake Perdome ! And Shirley Cha Cha Muldowney !