Value is relative
There has been a lot of discussion about the value over time of a mobile home. One Sound Off said mobile homes depreciate over the years to just about nothing. But others refuted that, one saying a mobile home bought 19 years ago for $45,000 just sold for $125,000. The latter must be a mobile on the trailer owner’s land, not on a rented lot in a park. So the land is actually what has become more valuable. For a mobile in a lot, it’s almost impossible for a buyer to secure a mortgage for an older mobile home. So if an owner of mobile from the ‘70s or ‘80s can find a buyer with cash, then they’re lucky. Otherwise, the value could be considered nil if it can’t be sold.
About the Sound Off that a bank will give a new mobile home purchaser a lengthy mortgage, of course they will. A mortgage is essentially a loan with the mobile home as collateral. So the bank will have the mortgage repaid — along with a handsome profit from interest — just as the mobile home is hitting middle age. Mobile homes aren’t designed to be lived in for 40 or 50 years unless they are really well maintained and the owner is prepared to handle some major repair bills along the way. A 1960s mobile home really wasn’t built that well to begin with and may be nearing the end of its useful life.
The road to retirement in a mobile
To add to the discussion on mobile homes — my two cents is that some of my friends and family have bought singles or double-wides at various times in their life because it met their budget. And my wife and I are seriously thinking about selling our house when I retire in a couple of years and moving into a mobile in a nice park here so we have less work to do. I’m just going to make sure it’s a newer model. We don’t want to move into an apartment with all those shared walls as we still want our own individual home and we also like to socialize a lot. So the park idea sounds great!
Regarding the article “SoundingAlarmOverTimeCrunch,” which ran in the Nov. 2 issue of the Brandon Sun. Its purpose and its value has always been a source of discussion. The province of Saskatchewan survives quite nicely without this biannual time change. I read about a wise elder of the First Nations explaining it this way: “Only a white man would believe that you could cut a foot off the top of a blanket and sew it to the bottom of the same blanket and have a longer blanket!”
Isn’t disturbing the peace a crime?
I read in the paper that 40 years ago the city made squealing tires illegal! It would be so nice if city council had the guts to outlaw the rocket mufflers that I have been told are illegal, and have the police take action against these twits who disturb the peace at all hours — and speed to boot! Our police are not out solving crimes all the time!
Republished from the Brandon Sun print edition November 5, 2013