Mobile home trailers, remodel or replace?

[Brian37]

Renovating a trailer doesn't turn money -- you're doing that because you want to live there. It's kinda like a more important version of putting rims on your Pinto. No matter how much happier you are with it, you will never recoup the dough, so you should only throw it down if that's what you want for yourself.

You got it. Just like cars, and as much people make houses out as appreciating in value, that is bullshit, it is always a loss. The land is always what determines the bulk of the cost and demand. If the structure is in good shape long term, and you make improvements, that is a narrow window. I am being pragmatic in looking at remodel or replace as an ultimate loss long term. 

Investments should not be sugar coated as absolutes. Sure some are safer than others, but long term, it is still like Vegas. It still ultimately depends on market, and luck. You can have all the math and stats on your side and still lose. 

I think good investors always look at the risk as the loss coming first vs the long term risk gain. Any new business startup that ends up making it starts up with years of initial loss. 

So in terms of personal property I think it amounts on comfort and goals, not getting rich quick.


In fact, I saw a property less than miles away from me, which had a solid brick structure, and two other smaller units that looked to belong to the property, with the proper investor, could be turned into rental units. I was drawn to it, but it was 209k on top of looking old. It does nobody trying to buy or sell property to over charge in my estimation. But most people, like a used car will lie about the condition or omit the condition just to get rid of it.

And the lady who sold me the house I lived in did the same thing, because if I had known about the things she failed to tell me about I wouldn't have bought it.