Chris and I have had many conversations regarding what could be done to help people that simply can not afford to buy a home or pay rent that is outrageous because many homeowners are upside down on their mortgages. We have seen, on our street alone, three homes go up for sale only to land on the foreclosure list.
Why not have a community of mobile homes? No, I am not talking about a retirement community. Florida has plenty of those. I am talking about communities tailored made for families. Families that need a stable environment.
It would start with investors who are wanting to help by providing such a community. This could be the next step in affordable housing. Have you seen the improved homes? They are definitely not like the one I lived in for six years back when I lived in Mentor, Ohio. I wouldn't mind owning one myself or at least renting one in a family oriented neighborhood.
The economy is not bouncing back like the government had hoped and I can only see it getting worse still before it even starts to improve. With the housing market still falling and the construction industry almost halting. This might be the best time for an investor or group of investors to make a difference. The trickle down effect... More neighborhoods go into the works and the more people are back to work and then more people able to afford a minimal payment for a decent, well made home. At least I think it is a great idea.