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Is buying a "park model" in a park model/RV park where owners actually own their own lots a good ide

Should we buy a park model for $60 - $70 K or use the cash for a down payment on a home if we can find one for about $100,000?
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July 16 2012 - Venice
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Answers (3)

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I would buy the house if you can find one instead of a park model. They are easier to resell, easier to find a tenant for and they appreciate better than park models.

One more advantage is that although a house has yearly property taxes that may fluctuate, it does not have slot rent that can increase over time without a way to appeal.
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July 16 2012
That really does depend on your long term goals and plans. I have a client that owns their own home but also have a park model in Texas for the winter. Since they are retired that works for them. If they could only chose one to live at they say they would stay at the house. It's a better investment in the long run. When it comes time to sell, park models can be more of a challenge to sell than a house.
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July 16 2012
I would say that it really depends on your long-term financial goals.
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July 16 2012
 
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