California’s Newest Beachfront Properties: Mobile Homes Selling For $1million+

Perhaps another sign that the real estate market is more than frothy. It’s boiling over.

Chicago Tribune reports: “So wonderfully Californian, Marsha Weidman’s home has it all–along the beach, far from noisy traffic, with a Jacuzzi used to watch sunsets over the Pacific.”

For this, she and her husband recently paid $1.05 million.

For that, they got a trailer, built in 1971, without any land.

Plus, the family must pay “space rent,” which at two Malibu parks dotted with seven-figure trailers ranges from $800 to $2,500 monthly.

The nation’s frenzied housing boom has come to this: Even trailer parks, long the butt of jokes about tornado targets and redneck living, are enjoying fat greenback prices.”

Say no more.

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