Nevada seniors own their homes, but rising land rent is pricing them out

Nevada seniors own their homes, but rising land rent is pricing them out

For many older adults in Henderson, Nevada, buying a modular home was supposed to provide a more stable, lower-cost housing option. But residents at one senior community say rising land rent is now jeopardizing their stability. What's happening? At Mountain View, a 55-plus modular home community in Henderson, homeownership does not mean land ownership for most residents.  They told KTNV that because they pay rent on the lots beneath their homes,…