Manufactured Home: 1st Home Purchase (Southern California)

[Amos Lee]

As a South Bay Cali native, home prices are through the roof with no signs of coming down. That is how manufactured homes caught my eye: much lower purchase price, many are renovated and look very nice while still being affordable, no shared walls. I know the biggest con is that you do not own the land and will pay sometimes a hefty land lease, but with the purchase price being so low, the monthly payments are still way more affordable compared to me buying a $500K+ SFR. But still, everyone online say that they are a bad investment unless you own the entire park. I am engaged and a child on the way so I am growing a little desperate on finding a home for my family. Should I make the plunge to get a newly renovated affordable manufactured home, or should I wait for something somewhat affordable (condo, apartment, etc)? I would greatly appreciate any input!

I'd like to add that while I would like to turn our first home into an investment property in the future, it is not a major concern. However, if anyone has any experience with manufactured home investing, I would greatly appreciate any information on that as well.