BG, agree on what you said about MH. I WANT(ED) to believe more gloom and doom was going to happen in MH and certain other pockets, but it just hasn’t happened and the more I look in those neighborhoods, I just don’t see it happening to truly GREAT homes. There will always be that crappy house in MH that sells way below what it did in 05, but I don’t want to live there anyhow.
I do know lots of folks who are underwater, and if they lost their jobs, they would be screwed, but none of them are in MH. I also know A LOT of couples who have dual incomes, both making 150k+ and only live on one income, banking the rest. Some of them own business or work for themselves and have pretty downturn resistant jobs. A lot of people in MH have tons of equity in their homes either having lived there for 30 years, or a lot of late 30s, 40s bought early and as they moved up, put all the accrued equity into their 1M+ homes. Its not anectdotal, you can look up their loan amounts.
