Bad bargain? Manufactured homeowners feel the financial strain | PBS NewsHour
STEPHEN FEE: She bought this three-bedroom manufactured home for $113,000 dollars in a town where the median home value is $500,000.
CARLA BURR: “I chose to move here because it was a beautiful house. And I thought, man I could retire here.”
STEPHEN FEE: Now 61 years old, Burr – and her home – may need to move. While she owns the home — she made the purchase in cash — she doesn’t own the land underneath.
Every month, Burr pays rent to a property manager. Over the past ten years, that lot rent has gone up 30 percent, from $740 a month to $1,022 a month.
CARLA BURR: “I had no clue that the rent was going to go up the way it did. I mean, it’s to the point now where it’s more than half my Social Security. I would love to stay. And I would love to keep it right where it is. Because everything I have is here. All my church is here, my family’s here, everybody’s here.”