What Is the Value of a Mobile Home?

Brad asks Dave to elaborate one why he tells people to not buy a mobile home.

QUESTION: Brad on Facebook asks Dave to elaborate one why he tells people to not buy a mobile home.

ANSWER: Because they go down in value. That’s all the elaboration we need. They go down in value. You want to live in things that you own that go up in value. Mobile homes are a large car that you sleep in. They go down in value like a car. And that’s not talking down to somebody who lives in a mobile home. That’s not the point. I’ve lived around stuff like that my whole life. I don’t think anything about it. There’s nothing wrong with it. It’s just that you spent $50,000 for something that turns into $10,000 instead of spending $50,000 for something that turns into $100,000 later. Mobile homes go down in value, so don’t put your money in things that go down in value and then live in them and call that a good deal. You’re better off to rent. If you rent, at least it’s not going down in value. Your monthly money’s just gone, but the other way, your monthly money is gone and you’re losing value—both. You’re paying for something that’s going the wrong way. Pretty simple. And anybody that tells you that mobile homes don’t go down in value is wrong.