Friday, June 20, 2008

Mobile Home, RV parks Are Good Investments

Inside Tucson Business - Tucson,AZ,USA
As evidence of the increased interest among investors in these communities, in 2002 there were no real estate investment trusts (REITs) investing in mobile home and RV properties, but now there are 100 large institutional buyers. Even Warren Buffet recently bought Clayton Homes, a manufacturer of double-wides.

There are also foreign buyers. Newman said foreigners have in the past liked warehouse properties because of the low maintenance costs but more recently they’ve discovered mobile home and RV parks are much like warehouse properties for low demands.

Making these properties even more attractive to foreign investment now is the sinking value of the U.S. dollar. Because CB Richard Ellis is international, Newman said the company has been able to increase its share of foreign investors, especially from Canada and Australia.
Full Story...
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