While the reputation of trailer parks hasn’t improved recently there is a new use for manufactured home communities as temporary housing.
We already talked about the Company towns you can find near Amazon warehouses in Modern Nomads. However, hurricane Katrina created a use on a whole new scale.
FEMA, the Federal Emergency Management Agency has begun employing whole villages of Manufactured homes after fires, floods, tornados and hurricanes. You might find it ironic to bring in more trailers after a tornado if you read Part 2 of this series.
As a result of HOPA (Housing Older Persons Act) quite a number of 55 and over manufactured home villages have popped up. These are nicer, and newer facilities that offer additional resources for the unique needs of senior citizens.
However, placing a government endorsement on something generally doesn’t make it more desirable. Just think of other government housing projects. It could be argued, due to the large swell of population reaching senior status, that the government is still using manufactured home communities as temporary housing and in a macabre way. As in, why build too many retirement villages when we won’t need them in another few years.
You Already Own a Manufactured Home, er, Investment
Another recent issue, one government and Wall Street have collaborated to create, is massive corporate investment. As of 2019, over 100,000 mobile home sites were owned by corporate investors like Carlyle Group, Apollo Global Management and TPG Capital. Why blame the government? Well Fannie Mae facilitated this to the tune of $1.3 Billion.
Just as there is a place for all different levels of other products depending on the priority of the buyer, there is a space that Manufactured Home fit in the financial ladder of individual and family dwellings. And if there is a need for these homes there is a need for them to have a habitat.
Be it ever so humble mobile home parks aren’t going away anytime soon. So if you live in one, hold your head high and make the best of it. If you live near one, try to give folks a break. We’re all just doing our best.
As for True on the Road Living See our next and final installment in this series of Mobile Living.