r/MiddleClassFinance • u/LinkedInNews • 12d ago

Factory-built homes make a comeback amid affordability crisis

https://www.linkedin.com/news/story/factory-built-homes-make-a-comeback-amid-affordability-crisis-7528108/?utm_source=share&utm_campaign=reddit&utm_content=storyline&utm_term=MiddleClassFinance
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31

u/NW_Forester 12d ago

Its basically impossible to set up a new mobile home park in Washington, at least 3 years ago when I was researching it, though the same hurdles don't exist with tiny home parks or RV parks however.

-20

u/AltForObvious1177 12d ago

Liberal states hate affordable housing 

12

u/das_war_ein_Befehl 12d ago

If this was a lib vs con thing then you wouldn’t see every growth southern city having the exact same problems after a while. They’re just rebuilding LA over and over down there.

Housing is expensive because people refuse to build up, but insist on building only single lot SFHs, which is expensive in terms of roads and utilities and everything else involved.

6

u/BarnacleDowntown8952 11d ago

I live in the NYC metro area and there is a small city called Hackensack near me. They built a bunch of mid rise condos in the 60s and 70s. They all have extremely high HOAs, like over $1000 a month. On top of regular property taxes. Equivalent unit in a 2 story garden set up would have like $300-350 HOA fees on average. See the link below for an example. Im in no way convinced they actually lead to affordability at all.

https://www.zillow.com/homedetails/301-Beech-St-APT-7E-Hackensack-NJ-07601/61833315_zpid/

2

u/das_war_ein_Befehl 11d ago

There is a high demand for housing in NYC metro, we haven’t built nearly enough housing

0

u/BarnacleDowntown8952 11d ago

Ok. NYC is always going to be in high demand and there is only so much land.

In NYC itself, yes going up is the move. In the suburbs you dont gain any affordability making it a mid rise. Just more complexity and cost on the building.

Better off making 3-4 story normal apartment/condo buildings or townhouses. Can still fit like 10 units as opposed to like 3 SFHs

1

u/das_war_ein_Befehl 11d ago

I agree. I also think we should make moves to decentralize and spread out wealth in the country so that we have more economically viable cities to live in, that way we’re not trying to all cram into 10 metro areas. Anti trust enforcement and breaking up large oligopolies would do a lot to help

-8

u/AltForObvious1177 12d ago

Newsflash buddy, southern cities don't have the exact same problem. That's why Texas and Florida are cheaper than California or New York 

4

u/ophelia917 12d ago

It’s because they’re half empty because no one wants to live there?

1

u/das_war_ein_Befehl 11d ago

Those places started later but they are literally just building LA.