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Maine Law Lets Mobile Home Owners Buy Their Parks

5 1
15.11.2024

Even in a barrelful of rotten apples, you might think there’d still be a few good ones.

But don’t get your hopes up looking into barrels labeled “private equity investors.” These esoteric, multibillion-dollar Wall Street schemes rig the marketplace so “high-net-worth individuals” can grab fat profits and special tax breaks to buy up doctors’ offices, hometown newspapers, child care centers, etc.

Consider America’s humble but beneficial mobile home parks. Homeownership has become so pricey that these affordable manufactured units now make up 10% of all single-family home sales. But while the buyers own the houses, they must rent lots from mobile park owners. This has generally been a square deal, when park owners live among the renters, providing decent services at reasonable rates. One such is Linnhaven Mobile Home Center, with some 300 mobile home residents in Brunswick,........

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