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

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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.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the median household salary of mobile homeowners compared to those who own homes built on site?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What actions are being taken by some mobile home park residents to gain more control over their living situations?

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