The Housing Loophole That Lets Wealthy Investors Raise Rents on Poor Tenants

[Johnny2X2X]

2. They even took over the trailer parks

Last edited Thu Feb 13, 2025, 01:47 PM - Edit history (1)

Trailer parks have even less rules about rent and other revenue streams.

So these investment groups started buying trailer parks en masse in the last decade or so. They doubled and tripled lot rent, increased fees, and in many cases instituted fines for everything under the sun to generate even more money. So you've got people who have a mortgage for their trailer and are now paying $500+ a month for lot rent when it was just half that a few years ago. And they've added trash, water, and sewer fees. And the same groups also own companies that move trailers, so they jacked up those costs too so people are stuck where they are, without an end in sight to the increasing prices.

It's sickening, you've got people in trailer parks now who are paying more between their trailer payment, lot fees, and other fees than they would if they owned a home on their own property.

And the fines, my god, you have to read about them to believe them. $25 for leaving your trash container out too long on the day of pickup, $50 for too long of grass, $35 for not picking your dog's mess up on your own lot. Fines for too many cars if you have visitors. On and on.