The Economics of Everyday Things Mobile Home Parks (Replay)
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Jul 28, 2025 The transformation of mobile home parks into lucrative investment opportunities is unfolding, shedding light on a post-WWII shift from luxury to affordable living. Personal stories reveal the resilience of residents, facing rising rents and struggling to maintain a sense of community. The contrast between park owners' financial claims and residents' harsh realities raises significant concerns. Collective ownership models emerge as a potential solution for stability and empowerment, amid the industry's profitability challenges and evolving landscape.
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First Eviction Experience
- Frank Rolfe shared an eviction story involving a veteran with severe mental problems.
- He had to evict her due to months of unpaid rent despite her situation.
Mobile Home Parks Evolution
- Mobile home parks transitioned from luxury trailers to affordable housing last resorts.
- These parks now house 6% of US housing, mostly operated by mom-and-pop owners.
Frank Rolfe's Entry Story
- Frank Rolfe used billboard zoning knowledge to find undervalued mobile home parks.
- He bought his first park for $400,000 with $10,000 down despite criticism.