Having purchased and studied the invaluable educational materials offered by MHPS.com as well as following this forum for the past year and a half, I am ready to buy my first park. While I am located in Atlanta, I agree with the general consensus that the Midwest and Great Plains offer the better opportunities. With that said, I am becoming increasingly interested in Michigan for the following reasons:
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Market rents for housing alternatives remaing relatively high ($600 plus).
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Unemployment rates continue to fall, faster than the national average in many markets.
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While population growth is negative or slow in many markets, this does not negate the need for affordable housing. The same can be said for income growth.
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This is an assumption which may or may not be accurate; I suspect, given the class and nature of many parks in Michigan, the collapse of the market is more closely linked to the collapse of chattel financing a decade ago.
I look forward to any and all thoughts and responses from the members of the forum with regard to this topic.
Thank You,
Gil Farnsworth