I’m very close to purchasing this home below and I’m very nervous. My mother says no because the space rent goes up every year. But regular houses just don’t come with what I want. Such as the big tub, sauna, kitchen island and skyline windows plus much more. So what are the pros and cons with purchasing a mobile home. FYI, I’m not to worried about the price. i live in silicon valley, so everything is expensive. I really don’t want to miss out on the government credit for 1st time home buyers.

http://sfbay.craigslist.org/sby/reb/1269 419148.html

Ok, if you were my daughter I would make sure you knew this will be hard to sell later. However homes in this area are REALLY expensive, so this might be a pretty good buy (before I finish tonight I will figure that out for sure).

Then make SURE you knew that space 50, 863 and 796 have sexual preditors living in them. I would show you their pictures too.

You do qualify for the tax credit, and the space rent will only go up 4% a year, Santa Clara county has rent control on all MH parks.

That location is nice, easy access to freeways and Baylands park.

I have a feeling that this is over priced. I got some sort of Apache error when I tried to access the tax records for this place, remind me of the address tomorrow and I will look it up.

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edit.

That MLS number is not real. I have no idea what it is, but none of the MLS systems used in the Bay Area.

The house assesses at only 96,527, as of last year, it will be lower this year. I could not comp it, there are no sales data.

Property tax will run you 900 a year, that and the value were all I could find fo you.

Offer then 95k

Landlord | Jul 15, 2009

The house looks nice, looks expensive too… just make sure you have enough saved up in case something happens and you cant pay for a couple months…
Silverwolve | Jul 15, 2009

1. Mobile homes do not qualify for tax credit.
2. Space rents go up every year.
3. Mobile home values go down every year. They depreciate in value very rapidly and are hard to maintain. After all, it’s nothing but a cheap metal shell.
4. You’re looking at bells and whistles — sheer frippery — instead of real investment and financial realities. You’re acting like a silly 13 y.o. who wants the hottest new phone while having 23 months left on a 24 month contract for the one she just got.

This is such an appallingly bad investment idea that your mother should have taken you "behind the woodshed" instead of just saying no. Forget this entire ridiculous notion or you will kick yourself for at least the next decade. Yes, that’s how bad it is.
ibu guru | Jul 15, 2009