Ok all you Californians.....

[exskibum]

Califernians,I read on Yahoo they sold a HOUSE TRAILER in San Francisco for $1.2 MILLION! DID NOT INCLUDE THE LOT !!! That possible?

Possible for the land, but I'd call bullshit on the details of that report.

 

[GunMD]

Possible for the land, but I'd call bullshit on the details of that report.

Then again, had I not just seen the listing that TWN posted I would have called BS on a half-mil double wide, too.

 

[exskibum]

Possible for the land, but I'd call bullshit on the details of that report.

Then again, had I not just seen the listing that TWN posted I would have called BS on a half-mil double wide, too.

No doubt the prices are whacked (and probably about to get a reality check correction toward equilibrium). But without the land, what are you buying? A manufactured home whose price for the carriage, framing, thinner HUD sheetrock and window glass isn't really dependent on where it's located, and can be replaced by a number of manufacturers? At best, maybe you also get a leasehold on the land it sits on?

 

[kaitsdad]

From July, 2005 - 1.3 Million $ trailer - Santa Monica

 

[Groo]

From July, 2005 - 1.3 Million $ trailer - Santa Monica

That is F'ed up...

 

[exskibum]

From July, 2005 - 1.3 Million $ trailer - Santa Monica

:wackosmiley: :wackosmiley:

Well, I guess that answers my question (for some people with too much cash anyway):

Since the buyers don't own the land, most of the mobile homes are paid for in cash or with a personal property loan that usually amounts to $100,000 or less, says Clay Dickens, mortgage loan agent at Community West Bank.
Why would anyone pay seven figures for a trailer? It gets you more than the typical mobile home. The $1.4 million trailer is in a gated, guarded community with a shared tennis court and panoramic views of the Pacific Ocean. It also is on a larger-than-usual "triple-wide" lot.

Buyers are willing to pay such prices just to get into Malibu, where the average list price is $4.4 million, says Coldwell Banker broker Rick Wallace.

But, it's still a trailer with a modest kitchen and faux wood floors. Many still have trailer hitches attached.

Yikes!!!

 

[kaitsdad]

I don't know if anyone actually read the article - here's the second paragraph:

"Two others sold in the area recently for $1.3 million and $1.1 million. Another, at $1.8 million, is in escrow. Nearby, another lists for $2.7 million."

Gee - I wonder what they'll think when that Tsunami hits .......... :blink:

 

[Groo]

I don't know if anyone actually read the article - here's the second paragraph:
"Two others sold in the area recently for $1.3 million and $1.1 million. Another, at $1.8 million, is in escrow. Nearby, another lists for $2.7 million."

Gee - I wonder what they'll think when that Tsunami hits .......... :blink:

You guys ever get Tornados?

 

[kaitsdad]

You guys ever get Tornados?

Nope. Just 'Shake and Bake'.

 

[exskibum]

I can only imagine writing insurance on a trailer home (with the hitch still attached) that the proud new owner wants to insure for $1.3 million. :lol:

Let's see, you pay $1.3 million in cash for the trailer, because you don't own the land. Your insurer refuses to write a policy for more than $100,000 replacement value on that trailer (assuming you have a really nice one, since it surely isn't new), you have a lease on the space that doesn't guarantee you a stay there until you decide to sell, AND you live in a trailer park!!! I bet it's real easy to get a loan secured by that $1.3 million in equity you claim to have in your home, too.

NICE!!!

 

[twowheelnut]

Yup, ex, for 1.3 million, you get to rent the land. Ain't it grand?

 

[gulag]

where do all the illegal immigrants live in Calif ? Must be cheap stuff someplace.

 

[Rogue]

where do all the illegal immigrants live in Calif ? Must be cheap stuff someplace.

East LA, 50-60 in a house! :blink: :blink: :blink:

 

[madmike2]

Take copious amounts of notes on the above discussion. Tell all your friends, family and acquaintances, "DO NOT move to California!"

 

[gulag]

around my neck of the woods,looks like the Califernians are moving out.

 

[twowheelnut]

around my neck of the woods,looks like the Califernians are moving out.

... to the tune of 200,000/year. Only problem is that the illegals are coming in at a faster rate.

Er, that's political... let's amend that:

... to the tune of 200,000/year. Only problem is that the illegals are coming in at a faster rate, cuz they must be on FJR's.

:grin:

 

[Groo]

... to the tune of 200,000/year. Only problem is that the illegals are coming in at a faster rate, cuz they must be on FJR's.

You laugh, but on my ride to Big Bend this February, 2 friends riding BMWs and I got stopped by a Marshall and a Border Patrol guy out in far west Texas... first thing they told us was they needed to confirm our citizenship... :lol: Wonder how many sport touring "border jumpers" they get down there..? Turns out they were just doing a "visible presence" exercise, because they had heard a large sport touring rally was going to be in the area that weekend and wanted to keep the speeding down. They told us we were doing 75 in a 70 zone (another good laugh... I was leading and the V1 pegged them 2 miles away... we were doing the speed limit when they finally lit us up). Once they found out 2 of us were ex-military, it was all good, and we got off with a "warning"...

 

[gulag]

groo, I crossed Texas in April on I-10. They had a huge pavilion built along the interstate & pulled ALL traffic off the highway & thru the open pavilion looking for illagals,I guess.Never heard of it before. Felt weird,sorta like I was in a foriegn country. Didn't like it much. But if it helps,so be it.

 

[madmike2]

around my neck of the woods,looks like the Califernians are moving out.

Butt, er them reel Califernians, er R them the kinds thet call themsevs Califernians butt theys reely frum Texas er Oklyhomy er Alabamy er Tennessee er summers enyplace butt reely bein' frum (er bornded in) Califerny.

 

[SoCalMike]

With all the crap that's wrong with California there is at least one thing we get to brag about - lane sharing!

(Of course bragging about driving through cars stopped in traffic on the freeway seems to be some kind of oxymoron :blink: )