The New Trend In Mobile Home Ownership
Traditionally, living in a mobile home has meant renting space for it. In exclusive beachfront parks such as Paradise Cove in Malibu, used mobile homes sell for as much as $650,000. But those price tags cover only the coach and the right to lease the space. An owner still has to pay rent, which can be as much as $2,000 a month. In recent years, mobile home dwellers have begun forming cooperatives to buy their communities (Oak Forest residents own their plots outright). About 200 of the state's 4,800 mobile home parks are resident-owned, according to Sheila Dey, executive director of the Western Manufactured Housing Assn. in Sacramento.
Thanks to Chris Steins