I know there are many MHP development skeptics out there, but with replacement cost being well below retail value of lots in most good markets, it seems sensible to pursue development.
For various reasons, my destination options are eastern PA, NJ, (So)FL, and CA. All things equal, which state seems best positioned for MHP development for the next 5, 10, 20, 30 yrs?
A bit about me. I’ve turned around 3 medium/large parks in PA the last 5 yrs. I am willing to do all age or age restricted. We have our own bank doing direct lending to consumers, which gives us a leg up too.
Any thoughts are appreciated.