I imagine it will be something you've already heard but who knows?

And can you imagine the headaches if they tried to deal with thousands of individual buyers trying to buy individual properties, one at a time?

Pour a little down each sink and look underneath.  

It's a very high end community so I'd imagine the requirements are pretty strict.

Anyway, people never cease to amaze me, and imagine the condition of your property after it's been lived in for 3-months by someone with no utilities.

Since a building built modularly has the same permitting process and certificate of occupancy requirements as a site built project I do not imagine the appraisal value will be different.

I can only imagine what that number would be if they zoomed in just on real estate investors & all the zillion extra guidelines that REI face. 

I hope you are shocked.Now, calmly, on the other hand, if you are just speculating, that is, you are just happy with the general rise in the market, as long as all the old owners remain optimistic enough to keep on sitting tight so that there are few sellers, as long as enough high-tech jobs continue to pour into Portland (doesn't have to be many), as long as there is money in China looking for a way to not just disappear into thin air as in China it might (because at least here in Seattle that source seems responsible for most of the price-raising buying activity), then sure, maybe you are happy to pay 5.5% for the privilege of gaining that speculative increase in equity. 

In my case specifically however, I did not want to exceed a purchase price of $150k (imagine seeing the same homes that were on the market 2 years ago for 90k at 170k!) 

Imagine a destination without a map, likewise imagine a map without a destination.