Depreciation or is it?

[Daniel J.]

I'm sure this is a frequent question, but I cannot find an adequate answer. How do I factor in that manufactured homes depreciate vs the appreciation of a stick built, or is that an inaccurate concept? I am looking at several manufactured homes to buy and hold in a mobile home subdivision. They have all been well taken care of and were built around 2000.

Thanks!

[John Arendsen]

Not totally sure how to approach this rather open ended question. But I'll start by saying that everything is relative. In the San Diego Coastal area MH's in rent/lease parks that were built in the '60's and '70's are selling for 6 figures. In Malibu a circa '70's doublewide sold in the 7 figure range and the buyer has the privilege of paying thousands of dollars a month for the privilege of leasing the space. Go figure. Once again it's all about LOCATION!