Are Mobile Homes a Frugal Alternative?
By way of introduction, I am a Texas transplant from the east coast, seeking to live a debt free life. Although not the impetus for my family's frugal journey, Dave Ramsey has been an encouragement to our continued progress. However, I do violate one of his more emphatic points: I live in a double wide mobile home. Dave sees mobile homes as a poor investment often losing value, however, I want to suggest in certain areas of the country, there are legitimate reasons for buying one.
Due to some economic downturns and a lowered real estate market, the money cleared from our east coast property was not what we originally hoped for. Seeking to find debt free housing in our new location was a challenge. A safe neighborhood and room for hospitality were important goals. Purchasing a double wide mobile home became our answer. Yes, our house may not appreciate as well as a stick built home, but we figure we have already saved about $20,000 in rent which may have been our only other option. We have room to garden on our almost 1 acre property and our home provides plenty of space for our many guests.
Some things to look for when purchasing a manufactured home:
Tape and textured walls
Manufacturer with a good reputation
Ownership of land
Some incredible deals can be found right now due to foreclosures. I just want to suggest that quality of life can also be an important part of debt free living and life in a mobile home has been a great alternative to my family. Has anyone else found life in a manufactured home to be conducive to frugal living?