SeattleRain@lemmy.worldM to Housing Bubble 2: Return of the Ugly @lemmy.worldEnglish · 6 months agoMom Takes Her Adult Son Apartment Hunting & Realizes There is No Way He Can Afford To Live On His Own — ‘Millennials Are Not Lazy’www.yourtango.comexternal-linkmessage-square29fedilinkarrow-up1330arrow-down17
arrow-up1323arrow-down1external-linkMom Takes Her Adult Son Apartment Hunting & Realizes There is No Way He Can Afford To Live On His Own — ‘Millennials Are Not Lazy’www.yourtango.comSeattleRain@lemmy.worldM to Housing Bubble 2: Return of the Ugly @lemmy.worldEnglish · 6 months agomessage-square29fedilink
minus-squarejordanlund@lemmy.worldlinkfedilinkEnglisharrow-up20·6 months agoI could see that in some states, pretty much not anywhere on the West coast, at least not a house you could live in. $25,000 - 1966 mobile home. But you can’t get traditional financing on a mobile home that old because they aren’t worth anything. https://www.realtor.com/realestateandhomes-detail/16745-SE-Division-St-Unit-131_Portland_OR_97236_M22120-62557?from=srp-list-card $60,000 - 1997 mobile home, same deal. https://www.realtor.com/realestateandhomes-detail/12420-SE-Bush-St-Unit-5_Portland_OR_97236_M11761-60151?from=srp-list-card https://www.justanswer.com/landlord-tenant/jgpyy-depreciation-schedule-mobile-home.html#:~:text=For tax purposes%2C the U.S.,useful life of 27.5 years. 27.5 year limit. So anything older than January, 1997.
minus-squaretomalley8342@lemmy.worldlinkfedilinkEnglisharrow-up11·6 months agoIn both those cases you still have to pay one thousand dollars in rent every month to the actual property owner, so I don’t know if I would call that home ownership except only in the most generous sense.
I could see that in some states, pretty much not anywhere on the West coast, at least not a house you could live in.
$25,000 - 1966 mobile home. But you can’t get traditional financing on a mobile home that old because they aren’t worth anything.
https://www.realtor.com/realestateandhomes-detail/16745-SE-Division-St-Unit-131_Portland_OR_97236_M22120-62557?from=srp-list-card
$60,000 - 1997 mobile home, same deal.
https://www.realtor.com/realestateandhomes-detail/12420-SE-Bush-St-Unit-5_Portland_OR_97236_M11761-60151?from=srp-list-card
https://www.justanswer.com/landlord-tenant/jgpyy-depreciation-schedule-mobile-home.html#:~:text=For tax purposes%2C the U.S.,useful life of 27.5 years.
27.5 year limit. So anything older than January, 1997.
In both those cases you still have to pay one thousand dollars in rent every month to the actual property owner, so I don’t know if I would call that home ownership except only in the most generous sense.