More Investors Are Buying Mobile Home Parks, Leaving Residents Behind

More Investors Are Buying Mobile Home Parks, Leaving Residents Behind

Assessment

Interactive Video

Business

University

Hard

Created by

Quizizz Content

FREE Resource

The video discusses the rising rents in mobile home parks, driven by investors buying these properties. Many mobile home residents face financial challenges due to increased rents, as they cannot afford to move their homes. Government agencies like Fannie Mae and Freddie Mac, intended to support affordable housing, are ironically aiding investors. Some communities are attempting to purchase their parks to gain control, but face financial hurdles. Legislative efforts in some states aim to give residents a chance to buy their parks before investors.

Read more

5 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one of the main reasons mobile home park rents are increasing?

Natural disasters

Decreased demand

Investor purchases

Government subsidies

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How much could mobile home residents face in rent increases according to policy experts?

70%

50%

90%

30%

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is ironic about the role of government-backed loans in mobile home park investments?

They are not used by investors

They make affordable housing less accessible

They decrease investor interest

They are only available to residents

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one challenge residents face when trying to purchase their mobile home parks?

Lack of interest

High interest rates on loans

Too many government loans

Excessive community support

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which states have implemented legislation requiring park owners to notify residents of sales?

California and Texas

Florida and Georgia

Massachusetts and New Hampshire

New York and Illinois