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.
This entry was posted on Friday, August 12th, 2005 at 10:25 am and is filed under California, Real Estate. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.