Modular homes are not what they used to be, are they?

[Damir Kamber]

I ran across modular homes discussion at the most recent episode of the Real Estate Guys Radio Show and thought I share a few thoughts, hoping to attract like minded perpectives. In my opinion, this is definitely an exciting market disruption. Two sides of the coin here. Companies are starting to invest in these in order to provide its employees with affordable housing in areas like the Silicon Valley. The other side of the coin provides an opportunity to solve our nation's current affordable housing challenge. Modular homes are traditionally smaller, which makes them much more affordable to build. They are also built in a factory off site versus at the actual land location. Many interesting advantages to building them. Also, they are no longer the trailer park style homes. Some of these are AMAZING! If they can be built much cheaper and people who would like to own but can't due to various reasons, biggest one being priced out of the market, this creates a real opportunity here to solve arising housing challenges. As Real Estate investors, that's what we are here to do anyways. Cheers, Damir