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urbanredneck
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Posted: 7/25/2009 11:27:54 PM
What's a good source to check a book value on one of these critters? I assume they depreciate over time like a car? Or do they hold value as long as they are maintained?
hourglassing
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Posted: 7/25/2009 11:29:06 PM
Just in for the jokes.
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SGocka
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Posted: 7/25/2009 11:41:03 PM
It depends......does it come with a Camaro?
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Johnny_Reno
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Posted: 7/25/2009 11:45:31 PM


Values drop like a rock.
and now for something completely different - The Larch...The Larch.
Giltweasel
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Posted: 7/25/2009 11:49:19 PM
Unless it's in "like new" condition and under 5 years old, forget it.

Anything else you'd be better off having it hauled out, or buldozed, and put up a frame house of the same size.


I bought land that came with a "Vintage" mobile home. We're living in it now, sort of, and I can't wait to break ground for the replacement.
m1awolf
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Posted: 7/26/2009 12:04:37 AM
They depreciate 3 times faster than cars. unless it comes with land steer clear.
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MustardTiger
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Posted: 7/26/2009 12:11:18 AM
Double Wide Trailer Value thread by UrbanRedneck. What are the fucking odds, on a Saturday night no less?!?

...also in for the jokes...
urbanredneck
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Posted: 7/26/2009 10:02:24 AM



If you only knew....
patio87
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Posted: 7/26/2009 10:03:56 AM
Originally Posted By SGocka:
It depends......does it come with a Camaro?


-$100.00 if its a Beretta.

markl32
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Posted: 7/26/2009 10:12:08 AM

My wife's Grandma's double wide actually appreciated in value... Dealing with the Park owner and his realtor buddy was quite a trip though. My wife, a realtor, handled the entire thing much to their disappointment. The level of bull shit from those two was astounding.

Star_Scream
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Posted: 7/26/2009 10:16:32 AM
Which currency are we using?

Dollars or meth?
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sel366
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Posted: 7/26/2009 10:18:07 AM
You can always do upgrades to improve the value- BF Goodrich tires, new plugs, brakes, ...........
Baffle them with Bullshit is what I always say.
joker581
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Posted: 7/26/2009 10:18:43 AM
Originally Posted By markl32:

My wife's Grandma's double wide actually appreciated in value... Dealing with the Park owner and his realtor buddy was quite a trip though. My wife, a realtor, handled the entire thing much to their disappointment. The level of bull shit from those two was astounding.



The actualy trailer appreciated in value? How? Was there improvement done on it?

I've seen situations where the land that a trailer was sitting on appreciated in value enough to generate a profit on the trailer/land package, but I can't see how the situation you are describing occured.

Would you mind telling more of the story?
Tyranny, like hell, is not easily conquered; yet we have this consolation with us, that the harder the conflict, the more glorious the triumph. What we obtain too cheap, we esteem too lightly: it is dearness only that gives every thing its value.
gs1150
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Posted: 7/26/2009 1:10:38 PM
Location,location,location.
Resort town like Myrtle beach and the price will go UP.
Although you are really buying the lease for the ground it sits on.
When in doubt, shoot it.If your not sure,shoot it AGAIN !!

FUCK OBAMA
walttx
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Posted: 7/26/2009 1:19:30 PM
Originally Posted By m1awolf:
They depreciate 3 times faster than cars. unless it comes with land steer clear.


This
NIGHTSTALKER_O6
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Posted: 7/26/2009 1:53:02 PM
Remember Jim Rockfords trailer at Malibu?Bet it appreciated.
jrinfoley
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Posted: 7/26/2009 2:18:08 PM
We have had a double wide with three acres for sale for six months. Its real nice property surrounded by farm land. The good part is that we finally have a contract on it and hopefully will close this week! The home is sixteen years old and it sold (With the land.) for $70,000.
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molotov357
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Posted: 7/26/2009 2:27:11 PM
Don't buy new. They depreciate faster than anything else.

Buy a repo that doesn't smell. Get new carpet etc. They can be made nice as a house for a mere fraction of the cost.
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Posted: 7/26/2009 2:33:05 PM
Originally Posted By SGocka:
It depends......does it come with a Camaro?


Yep...but it's broke down and up on blocks.
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urbanredneck
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Posted: 7/26/2009 2:44:43 PM
Originally Posted By Star_Scream:
Which currency are we using?

Dollars or meth?



That deserves a:


PaperStreet
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Posted: 7/26/2009 2:49:17 PM
Originally Posted By jrinfoley:
We have had a double wide with three acres for sale for six months. Its real nice property surrounded by farm land. The good part is that we finally have a contract on it and hopefully will close this week! The home is sixteen years old and it sold (With the land.) for $70,000.



When I was shopping for my house...right before I lost thousands of dollars, there was a double wide in the listings. Right next to the road w/ 5 acres listed for 170K. Raw land at the time in the area was going for 8-15K/acre.


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armoredsaint
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Posted: 7/26/2009 2:50:21 PM

Originally Posted By SGocka:
It depends......does it come with a Camaro?

and a free mullet?
كافر
Lightning_P38
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Posted: 7/26/2009 2:52:30 PM
Trailers are a high depreciation item. They make the depreciation on a Hyundai Excel look reasonable.

If the trailer is more than ten years old it not only isn't likely to have much value, but may be a detriment to the land value of the parcel it sits on. If you really want to buy a double wide, buy a repo, a very new repo can be had dirt cheap. In 2003, when I was looking for a place to buy cash (found what I was looking for dirt cheap by the way), I looked into buying a repo double wide and moving it onto some land I have out in the sticks. I was looking at a very nice two year old double wide, delivered, set up, and everything for $15,000.

As for trailers over 10 years old being valueless, what I am saying is that typically the value of the trailer is less than what it would cost to move it and set it up elsewhere. If buying land that has an older trailer on it be careful, the trailer could well be a detriment. Older trailers with little or no value can be hard to get rid of, often the only way to do it is to hire somebody to tear them down and haul everything away.

I have nothing against trailers, but these are the facts of life with mobile homes. I know lots of people who get suckered into insane ripoffs for trailers, they will get talked into buying a 70K double wide, with all the bells and whistles, and then another 20K for a half acre of land that isn't worth 5K. The really sad thing is that in this area they could have bought an existing stick built home for way less, and in ten years it likely would have appreciated.

Of course there are exceptions to the rule, but that doesn't mean you can count on being the exception. My mom's neighborhood is on Strom Thurmond lake, outside of Augusta. Back in the fifties the Corp of engineers sold one acre lots for $500 lake front, $300 on the other side of the road. My grandfather bought two acres lake front, built a house for about 3k, the house has been well cared for since, my grandparents died in the eighties and my parents live there now, the property is assessed for taxes at $350K, although in reality, even with this shitty economy their land would sell almost immediately at the bargain price of $750K, a lot similar to theres, but not as nice sold for 800K last month, after only about two weeks on the market. The doctors and lawyers might be having a tough time, but they aren't completely broke, and land in that neighborhood is in high demand. Way back when the area was sold of by the Corps, one of the lots was bought by a man who just wanted a spot for a fishing cabin, and that is what he built, sometime in the late seventies he put a small single wide trailer on the land. A couple of years ago he sold the acre and trailer for nearly a million dollars, but that really doesn't mean that the buyer thought the trailer was worth that much.
Floppy_833
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Posted: 7/26/2009 3:00:08 PM
I'm in one right now that I inherited. It beats an apartment for sure (assuming it's on a leased lot and the park it's in is decent).

This one was purchased new right around (year) 1999-2000 for $52K.
I'm looking to sell it and typical value at this point is around $30K.

When you buy a real house, the land gains value and the house loses it, but you never see that. With owning a trailer on a leased lot, it becomes obvious.

I don't know of any book you can check; easiest is probably just to look around at comparable for-sale ads in your region.

––––––

I don't know about how a trailer on its own land works out financially, because around where I live the town governments have basically made that impossible. Pretty much the only way you can put a trailer on property in my county is if the land you have is unincorporated (not in any city boundary). I have not seen a NEW trailer on any city property in at least a couple or three decades––all the ones I know of are easily 40+ years old, which is pretty old for a trailer.
~
hanau
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Posted: 7/26/2009 3:00:45 PM

Originally Posted By molotov357:
Don't buy new. They depreciate faster than anything else.

Buy a repo that doesn't smell. Get new carpet etc. They can be made nice as a house for a mere fraction of the cost.

Bought mine at foreclosure for 21k for the house 1/2 acre and a 20x28 workshop.
spent another 25k and when i consolidate all the remodel into a loan it appraised out at 80k



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"We are undergoing a pussification of our entire society."