Mobile home madness: Prices top $1 million
- Thread starter trader99
- Start date
On average, since last 30 years nationwide, if we reduce 3% for inflation, then real estate home investments have returned only .5% i.e. half percent annually.
While last 5-10 years have been truly hot in LA and NY area, but that is a part of sector rotation challenge. Each asset class heats up at some point and then goes into dormancy. If folks have made 100% in last 5 years in their real estate investments, then it might be the time to lighten up, no asset class can sustain those rates year after year.
While last 5-10 years have been truly hot in LA and NY area, but that is a part of sector rotation challenge. Each asset class heats up at some point and then goes into dormancy. If folks have made 100% in last 5 years in their real estate investments, then it might be the time to lighten up, no asset class can sustain those rates year after year.
This is utter insanity.
I can at least somewhat understand the factors behind skyrocketing prices for condominiums, houses and land, but it just blows me away that a reasonable person would drop $1.3 mill on a friggin' trailer that isn't a permanent structure (not to mention that it's on land that you have to bloody well rent for $2700 per month???).
Is the hot chick that you pick up at a bar going to like you any better when you assure her that your trailer is worth a cool mill or two?
Don't get me wrong, I don't look down on those that aren't as well off as others, but a trailer for me is the definition of low cost housing, something that you deliberately buy because you have a low income household. A $1.3 mill trailer in Malibu seems like an oxy moron to me...
I can at least somewhat understand the factors behind skyrocketing prices for condominiums, houses and land, but it just blows me away that a reasonable person would drop $1.3 mill on a friggin' trailer that isn't a permanent structure (not to mention that it's on land that you have to bloody well rent for $2700 per month???).
Is the hot chick that you pick up at a bar going to like you any better when you assure her that your trailer is worth a cool mill or two?
Don't get me wrong, I don't look down on those that aren't as well off as others, but a trailer for me is the definition of low cost housing, something that you deliberately buy because you have a low income household. A $1.3 mill trailer in Malibu seems like an oxy moron to me...
I think if you pay $1.4 million for a mobile home you should get a life time supply of wife beater t-shirts too.