Are there any benefits for going with a manufactured home that has a lot rent?
I am just trying to create a pro and con list to manufactured homes right now, and since I can't afford purchasing land, it would have to be one with lot rent. Most of the lot rent is over $1000, and it is hard to see paying that on top of a mortgage payment. Though the mortgage might be cheaper since the manufactured homes are cheaper but even the idea of constantly paying rent higher than most hoa in area even after pay off the mortgage is a hard sale for me. Plus, the feeling of not owning the lands makes me feel like it defeats the point of not renting. Although it would be slightly the same case with condos and town homes. I also worry thay since I don't own the land, which means that the park/community can close or jack up prices, leaving me in limbo or homeless