We tried to raise some of these issues before on Tropicanaforum.com, but judging from the total lack of comments, maybe you all should re-read them including the NY Times piece (below this) from today 3/27/22.
Across the country, corporate landlords are expanding manufactured housing portfolios and driving up rents, pushing longtime residents out.
CLICK ON PHOTO TO READ–
If you can’t open the NY Times article on your phone, try to do it on a computer or pad.
Below is an article which we posted in December 2021. It is about risks to renters in this park.
And this about affordable housing:
And here is our post about the Murex/Carlyle group.
So when you are done reading all this, here are our comments today March 27, 2022. By Paul Goldfinger, Editor Tropicanaforum.com
a. The Times article stresses “mobile homes” and doesn’t specifically mention homes like ours which can’t be moved. But there are similarities regarding the concerns about parks being sold to big corporations.
b. The number of parks like ours are declining across the country. Many get sold and then occupants have to leave to make way for apartments, condos etc. Murex has promised that we will remain an affordable manufactured home community, but what if they sell in two years?
c. Overall the prognosis for keeping our homes affordable usually is best when the residents own the land.
d. The cost of “mobile homes” is rising dramatically.
e. It costs about $5,000.00 to put a foundation under a mobile home.
f. If a big corporation buys a park, usually the rents go up, sometimes by a lot. Those of us who lived here when the buy occurred do have a limit for rent increases. But what if Carlyle sells to grab a profit?
g. 22 million people live in “manufactured homes” in the US, but some are in danger of losing their security and affordability.
So all of you must keep an eye on this subject.
TEDDY THOMPSON :