In 15 Years It'll Be Worth NOTHING!

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[CaseyMorris-duqv]

Even in my friend's modular the floors in the laundry and bath degraded. They built fast but not to last. I don't know why people defend it it so strongly? My friends modular is less than 25 years old and it need those repairs also it was not put together properly.

[Debbie]

Would NEVER busy anything like that for $80K . pass !!
Start being conservative, pay less . No wonder people are in debt up to their eyeballs !!!

[ghfan]

If you’re living in it during those 15 years that’s less than $500/month. Renting a similar house to that mobile home/trailer would be easily over $2000/month. Buying a house is better, but you’re always telling people to find the cheapest place they can rent, and mobile home mortgage is often cheaper than renting.

[Kat-onnm]

Is Dave talking about a travel trailer? if so he is very right.

[iiidegreeshairstyling]

What are you doing with that trailer? Living out of that that’s not bad for 15 years and $80, 000 for a place to stay. For using it for work, we can write off the depreciation of the value so I wouldn’t say it’s not worth anything it’s not like a brand new ring in your leg. I love it

[robindiddle]

Im debt free, house, cars all of it.
My home is for sale at 590, 000. My plan is to purchase a tiny home.
I already know Tiny Homes go down in value, but I think it's wise for me. What's you're thoughts?

[latestscore]

But then he has somewhere to live rent free
15 years of not paying rent is a good investment

[mrchefhayden]

Oh yea so how did my trailer nearly double in value over the last 6 years?

[mombythesea]

That’s about $450/month if you trash the trailer after 15 years. And depending on the part of the country you’re in, trailers last a lot longer.

[marsharamirez]

That's what a lot of people can afford w/taxes and insurance being outrageous.

[starner]

Caller: “Hi, Dave. I’m 43 years old. I have no debt, my 401k and IRA are both maxed out. I own 17 rental properties, 8 of which are commercial real estate. My net worth is 800 million, and I have around 300 million in liquid cash spread out across hundreds of different banks in multiple countries, so all my cash is insured. I currently bring in 1.5 million on a monthly basis. After expenses I net around $980, 000. My question for you is, my 2 kids want to go indoor go-karting. It’s $200 for the day for me, my wife, and our 2 kids. Do you think that’s okay?”

Dave: “Well, seeing as that’s not an appreciating asset, you’re better off putting that $200 into the S&P500 and building more wealth. You aren’t quite where you need to be yet. You need but you’re close! Kids are a money sink, and time is money. They’ll understand one day. You’re young. Keep investing, and then start having fun after you turn 80 years of age. It’ll be the best 6 years of your life.”

[Archiebald]

True in 15 years it’s not worth $80, 000 but the revenue acquired if your business is fruitful should surpass the cost of the trailer.