The trend is for more elderly to fall into poverty levels, so they would buy a trailer in a Yuma trailer park, not a $800K home in FL.
If solving poverty is a high priority issue, I’d love to help solve it! I would help them find something as described above for 150-200k.. that’s a pretty simple solution.
Plus, maybe others can correct me if I’m wrong.. but aren’t dry climates better for the elderly? Aren’t there less allergenics and germs? This is just a guess, maybe it’s the opposite.. Even if true I guess one could argue that heat is bad for elderly.. but I feel that overall desert living is pretty underrated.
My landlord is savvy with these things. After Hurricane Katrina, be hought rental property in Baton Rouge. He is cash flow positive, and the rental demand has pushed up rents and home prices. This move had not occured to me.
PS, FEMA bought a bunch of manufactured homes from CAV and others just after Katrina.. I thought that was interesting and sort of related to what you’re talking about.
The FEMA contracts accounted for 419 shipments during the quarter, or about $13 million in revenue, he said.
During 2005, Cavalier contracted to build a total of 2,638 homes for FEMA with a value, including shipping, of approximately $81 million. Cavalier said FEMA’s unique specifications translated into higher selling prices. Throughout 2005, Cavalier delivered 2,219 FEMA homes for revenue of $68 million.
“Aside from FEMA business, revenue for the first quarter still advanced from the year-earlier quarter even as non-FEMA home shipments declines slightly,” Roberson said. “We are pleased that Cavalier remained in the black for the first quarter of 2006, which is traditionally a seasonally slow period for our company and the industry, and one that in recent years has produced a net loss for the company.” http://birmingham.bizjournals.com/birmingham/stories/2006/05/01/daily17.html
