smlcap

Property Values Set to Fall 43% from Current Depressed Levels

Housing prices set to fall 43% from current depressed levels?
My gut tells me..........No.

A Prefabricated Future?

For the sake of the consumer, I hope that prefab is not the future of single family housing. Manufactured homes are junk. Anyone who thinks differently is fooling themselves. Compared to a site built home, they are junk. They even depreciate in value. Try to get a mortgage for a manufactured home (AKA "trailer"), or a re-fi. Good luck. Try to get insurance in hurricane or storm prone regions. Good luck. I know from personal experience. I owned a new Palm Harbor home/trailer. Garbage. I have a shed that is better constructed than my Palm Harbor home. Palm Harbor is considered top of the line, and it is junk. Imagine what the mid line and bottom line homes are like. Formaldehyde. They are loaded with odorless but toxic formaldehyde.
Everything inside the home turns black from formaldehyde gases leaching from the cheap construction materials used trailers like Palm Harbor Homes. That same black residue sticks nicely to the human lungs as well. The Chinese give us melamine to swallow, the manufactured home/trailer industry gives us formaldehyde to breathe.