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Resource ID: #18759
Subject: Housing
Source: Oregonian (Portland, Ore.)
Affiliation: 
Date: 2024-04-14

Description

An Oregonian investigative series and follow-up stories report on how the rising cost of manufactured homes has forced residents into bankruptcy and moving out. As mobile home parks compete with the site-built housing business, their have become a hardly affordable place to live anymore, the Oregonian reports. Loans for manufactured houses usually carry 3 to 5 points higher interest rates than those for stick-built houses. The stories reveal that the industry targets young families and first-time home buyers, that developers impose additional "park packages" of up to 20,000 to 30,000 per home and that manufactured-home dealers are regulated less than car dealers.

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