I know a family, father, uncle and son, that makes it's living demolishing mobile homes, pre 1985, because there is absolutely nothing you can do with them in my county. Can't move them, can't sell them, can't give them away. You have to get a $50 permit to demolish them and get them off the tax roll. I asked the kid how many he has demolished, he said 350, but dad and uncle had done way more than that. That's over 1000 mobile homes trashed in my county alone. All thanks to area planning that didn't want to see trailers popping up in dad's back yard.
Same with double wides, no bank will loan money on them. My barber has one that only 10 years old. He had it sold, person was pre approved for the amount at the bank. Bank comes out, never got out of the car, said no way we won't loan you the money. He can't sell it for what he owes on it. His choice is live in it or file bankruptcy. Area planning also requires new double wides to be put on a permanent foundation, pass board of health inspection, building inspection, electrical and plumbing inspection
Another case in my county. Person has a nice house, barn, a few acres. Wants to sell it. Bank approved the money, everything was a go as long as the mobile home behind the barn was removed prior to the sale. Yep, Mobile home was demolished.
My late brother managed a retirement trailer park in Florida where my mom bought a new double wide, $75K. 10 years later she was lucky to sell it for $25K before the 2008 crash. So in ten years she lost $50K on her investment, and paid $60k in lot rent.
Same problem in Florida as where I live in Indiana. They cost a lot and become worthless very fast.
I've educated my kids about trailers and double wides. They both own stick built homes. Yes they cost more, but they are an investment and will pay a return. I know a family, father, uncle and son, that makes it's living demolishing mobile homes, pre 1985, because there is absolutely nothing you can do with them in my county. Can't move them, can't sell them, can't give them away. You have to get a $50 permit to demolish them and get them off the tax roll. I asked the kid how many he has demolished, he said 350, but dad and uncle had done way more than that. That's over 1000 mobile homes trashed.
Same with double wides, no bank will loan money. My barber has one that only 10 years old. He had it sold, person was pre approved for the amount at the bank. Bank comes out, never got out of the car, said no way we won't lent you the money. He can't sell it for what he owes on it. His choice is live in it or file bankruptcy.
Another case in my county. Person has a nice house, barn, a few acres. Wants to sell it. Bank approved the money, everything was a go as long as the mobile home behind the barn was removed prior to the sale. Yep, Mobile home was demolished.
My late brother managed a retirement trailer park in Florida where my mom bought a new double wide, $75K. 10 years later she was lucky to sell it for $25K before the 2008 crash. So in ten years she lost $50K on her investment, and paid $60k in lot rent.
Same problem in Florida as where I live in Indiana. They cost a lot and become worthless very fast.
I've educated my kids about trailers and double wides. They both own stick built homes. Yes, a house cost more, but they are an investment and will pay a return. Can't say that about anything that was made in a factory and pulled down the road on wheels.
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Today's Featured Article - A Belt Pulley? Really Doing Something? - by Chris Pratt. Belt Pulleys! Most of us conjure up a picture of a massive thresher with a wide belt lazily arching to a tractor 35 feet away throwing a cloud of dust, straw and grain, and while nostalgic, not too practical a method of using our tractors. While this may have been the bread and butter of the belt work in the past (since this is what made the money on many farms), the smaller tasks may have been and still can be its real claim to fame. The thresher would bring in the harvest (and income) once a y
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