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DIY - Forum Do It Yourself for Non-Fishing Items |
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05-07-2022, 07:27 AM
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#1
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Registered User
Join Date: May 2009
Location: Somerset Ma
Posts: 1,731
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In North Attleboro they are selling mobile homes (1400 sq. ft.) in a 55 and older park for $410,000!!!
They are ordering 12 at a time and can't keep them.
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05-07-2022, 08:22 AM
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#2
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Registered User
Join Date: Feb 2003
Location: Kingston, Ma
Posts: 2,274
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Quote:
Originally Posted by Hookedagain
In North Attleboro they are selling mobile homes (1400 sq. ft.) in a 55 and older park for $410,000!!!
They are ordering 12 at a time and can't keep them.
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And I believe most trailer parks the people don't own the land at the end of the day so it equates to a pretty darn expensive camper and campsite
Posted from my iPhone/Mobile device
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05-07-2022, 11:57 AM
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#3
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Ledge Runner Baits
Join Date: Oct 2000
Location: I live in a house, but my soul is at sea.
Posts: 8,400
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Our neighbor had a shoddy home built maybe eight years ago, leaked like no tomorrow and they would find one source and another would develop, the builder eventually said see you go sue me. Instead she sold it two weeks ago in three days for $680,000 cash. It’s a three bedroom I wouldn’t give you $400,000 for. I’ve hinted to Peg we should consider cashing out but I don’t see her considering it in the near future.
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05-07-2022, 03:04 PM
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#4
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Registered User
Join Date: Sep 2003
Location: Libtardia
Posts: 21,562
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Quote:
Originally Posted by Got Stripers
Our neighbor had a shoddy home built maybe eight years ago, leaked like no tomorrow and they would find one source and another would develop, the builder eventually said see you go sue me. Instead she sold it two weeks ago in three days for $680,000 cash. It’s a three bedroom I wouldn’t give you $400,000 for. I’ve hinted to Peg we should consider cashing out but I don’t see her considering it in the near future.
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20 years from now that will be a million dollar house. People were saying this back in 2002 when there was a big boom in prices. Back then that house would have been around 300k.
Posted from my iPhone/Mobile device
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05-08-2022, 05:14 AM
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#5
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Registered User
Join Date: Jan 2006
Posts: 1,698
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So obviously my house is worth alot more than my original investment plus improvements...but replacement costs....needing another place to live..... would negate any gain. Also is the decent sized workshop I built on the property that is something I could never go without.
The market has gone up and down with housing booms and slowdowns....high and low interest rates and now rapidly rising prices.
One thing that has never changed is my ability to find an abundance of work throughout the years........never been laid off....although sometimes i could have used a break.
Anyway...I will never sell my house....no better place out there for us. We've been here since just before the blizzard of '78... lost power for ten days......but as young newlyweds we hardly noticed.
Hoping to pass the property on to my kids when I leave...
Picture is after a snowstorm a couple of years back
Last edited by Rmarsh; 08-26-2023 at 05:54 AM..
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05-10-2022, 04:37 AM
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#6
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Registered User
Join Date: Jan 2006
Posts: 1,698
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Quote:
Originally Posted by Nebe
20 years from now that will be a million dollar house. People were saying this back in 2002 when there was a big boom in prices. Back then that house would have been around 300k.
Posted from my iPhone/Mobile device
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I dont think the cost of building a new home will level out anytime soon....Its been rising rapidly...especially in the last two years.
Same house we were selling then...went from the high $300 thousand range to now low $600,000 dollars. Our other developments with larger lots and houses are already close to or over a million.
Most likely material prices will continue to increase dramatically over the next few years......and it appears to be closely related to energy costs and policies.
At this point it doesnt seem possible that either one of my two sons, who both work hard at decent jobs will ever be able to afford even a modest new home.
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05-11-2022, 01:45 AM
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#7
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Very Grumpy bay man
Join Date: Nov 2003
Location: Rhode Island
Posts: 10,564
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Quote:
Originally Posted by Nebe
20 years from now that will be a million dollar house. People were saying this back in 2002 when there was a big boom in prices. Back then that house would have been around 300k.
Posted from my iPhone/Mobile device
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We bought our land for $7,500 and build our house for $33k. All back in 73, 74. We were recently offered $1.3M. INSANE!!!
The problem is where the hell do you go if you sell? Very limited inventory and prices, as everyone has pointed out, are sky high.
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No boat, back in the suds.
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05-11-2022, 07:17 AM
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#8
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Registered User
Join Date: Sep 2003
Location: Libtardia
Posts: 21,562
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Quote:
Originally Posted by piemma
We bought our land for $7,500 and build our house for $33k. All back in 73, 74. We were recently offered $1.3M. INSANE!!!
The problem is where the hell do you go if you sell? Very limited inventory and prices, as everyone has pointed out, are sky high.
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You don’t go anywhere. You stay put and enjoy your kingdom
Posted from my iPhone/Mobile device
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05-11-2022, 11:50 AM
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#9
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Very Grumpy bay man
Join Date: Nov 2003
Location: Rhode Island
Posts: 10,564
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Quote:
Originally Posted by Nebe
You don’t go anywhere. You stay put and enjoy your kingdom
Posted from my iPhone/Mobile device
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Yup! That's what Jeanne says.
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No boat, back in the suds.
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05-08-2022, 06:12 AM
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#10
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Registered User
Join Date: May 2009
Location: Somerset Ma
Posts: 1,731
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Quote:
Originally Posted by redlite
And I believe most trailer parks the people don't own the land at the end of the day so it equates to a pretty darn expensive camper and campsite
Posted from my iPhone/Mobile device
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You are correct, $410K for the unit itself and that park is $595.00 a month for the land lease. They do cut your grass, mulch your beds, trim bushes/trees, remove snow from driveway and walk ways and provide trash removal .hey do not have a basement being a trailer and there are so many restrictions but I suppose they are fine for the people that buy them....not for me. I build a lot of these parks and we currently have a waiting list of over 12 months to get a new unit.
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