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Private Equity Firms Are Snapping up Mobile Home Parks, and Driving Out the Residents Who Can Least Afford to Lose Them
Private equity firms now own over 1,800 U.S. mobile home parks, causing lot rents to rise 45% over the decade and evictions to surge by 40%, displacing low-income homeowners.
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2 Articles
Private equity firms are snapping up mobile home parks − and driving out the residents who can least afford to lose them
In mobile home parks, like this one in Fairfax, Va., residents often own the home itself but rent the lot where the home sits. Michael Williamson/The Washington Post via Getty ImagesOne of America’s most affordable paths to homeownership is slipping away. At manufactured home parks – sometimes called trailer parks or mobile home parks – rents are rapidly rising due to large-scale buyouts by private equity firms. Although private equity’s foray i…
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Leaning Left0Leaning Right0Center2Last UpdatedBias Distribution100% Center
Bias Distribution
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100% Center
C 100%
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