The_Kat Posted December 4, 2008 Report Share Posted December 4, 2008 (edited) So I am in the housing market currently (although I'm in no hurry ) and I have been looking at some super sharp manufactored homes. Prices range from 55-79 grand on the ones we've looked at. Now heres my delima.....LAND! My grandpa doesn't wanna let me move the house I live in now to place a new home on the property, so staying where we are now is a no go unfortunately. BUT, I do own land back where I grew up where I could put a home. The problem is, we absolutely love it here on Lake Texoma, and theres nothing for us back home. My job allows me to live pretty much anywhere, and jenn would easily have a teaching job at our old school, but theres nothing near that area. It's a 45 minute drive to anything similar to what we have here in Durant. So I have been checkin lot and land prices here and they are all around 15 grand for a one acre lot. So my question to you all is what would you do? Move to the land you already have ( I can't sell it either ), and save the 15 grand, or take the plunge and buy the lot so you can stay where you are? If your confused I'm sorry lol:D Oh here is what we are looking at buying....http://www.sehomes.com/customer/details.php?model=MC3641 Edited December 4, 2008 by The_Kat Quote Link to comment Share on other sites More sharing options...
VermontHunter Posted December 4, 2008 Report Share Posted December 4, 2008 Just one question .... Are you interested in making your other property a rental property for extra income ... ??? ... Just another option .. Money these days seems to dictate choices, but it seems you have options on your side .. Good Luck with what ever you choose .. Quote Link to comment Share on other sites More sharing options...
csualumni21000 Posted December 4, 2008 Report Share Posted December 4, 2008 rent Quote Link to comment Share on other sites More sharing options...
The_Kat Posted December 4, 2008 Author Report Share Posted December 4, 2008 Well heres the deal on the place I have now. It's mine as long as I want it, but when I decide to leave, it will go back to my grandpa. That was the agreement when I bought it from him. So selling and renting is not an option sadly, or it'd be a no brainer for me. I'd sell it and move the new home right here on this land. Quote Link to comment Share on other sites More sharing options...
VermontHunter Posted December 4, 2008 Report Share Posted December 4, 2008 I hate to say it .. but $15,000 grand is a hard thing to part with needless to say the development fee's that go along with it which can far exceed the initial $15,000 ... :o Isn't this growing up thing for the birds .. Hard choice Kyle ,,, good luck Quote Link to comment Share on other sites More sharing options...
Randy Posted December 4, 2008 Report Share Posted December 4, 2008 I think if you're happy where you are at, bite the bullet and buy a lot. Quote Link to comment Share on other sites More sharing options...
stevebeilgard Posted December 4, 2008 Report Share Posted December 4, 2008 i wouldn't even consider a mobile home today. with the housing market where it is, i'd buy a house. lots of builders and banks are in trouble and you can now get a new or repo stick built home real cheap. and, if you wait a month or 2, you'll enjoy 4 1/2% interest. but i just don't get exactly what you "bought" from your grandpa? do you own the land and home or not? if you bought it, it's yours. when you move, he gets it back? i hope he's buying it back or you got cheated. bottom line is get a stick built home in the current market. in 20 years, you'll be real glad you did. if you doubt that, go price a 20 year old stick built home and a 20 year old mobile home. simple as that. Quote Link to comment Share on other sites More sharing options...
OJR Posted December 4, 2008 Report Share Posted December 4, 2008 I agree with SteveB! Forget any kind of a manufactured home! Go with a stick build or forget it for the time being. You are young and build up a nest egg, so you could buy something real nice that is going to appreciate! Quote Link to comment Share on other sites More sharing options...
crazylegz70 Posted December 4, 2008 Report Share Posted December 4, 2008 I can honestly say that I would NEVER buy a manufactured home. I know they tell you that they are well built and blah blah, my sister overpaid for a manufactured home and now she HATES it. Build one either way.... Quote Link to comment Share on other sites More sharing options...
Bob LeBlanc Posted December 4, 2008 Report Share Posted December 4, 2008 Renovate... Bob Quote Link to comment Share on other sites More sharing options...
Tominator Posted December 4, 2008 Report Share Posted December 4, 2008 i wouldn't even consider a mobile home today. with the housing market where it is, i'd buy a house. lots of builders and banks are in trouble and you can now get a new or repo stick built home real cheap. and, if you wait a month or 2, you'll enjoy 4 1/2% interest. but i just don't get exactly what you "bought" from your grandpa? do you own the land and home or not? if you bought it, it's yours. when you move, he gets it back? i hope he's buying it back or you got cheated. bottom line is get a stick built home in the current market. in 20 years, you'll be real glad you did. if you doubt that, go price a 20 year old stick built home and a 20 year old mobile home. simple as that. I agree with Steve too. Buy the land and build, or find something that's currently on the market. The way the industry is now, you can get a lot of house for the money. I don't think the real estate market has bottomed out yet, but it will soon. Quote Link to comment Share on other sites More sharing options...
randyoitker1 Posted December 4, 2008 Report Share Posted December 4, 2008 Get anything but a mobile home. Dave Ramsey says that a mobile home is the only home you can buy for $50,000. plus and will lose value every year. You will still be making payments on a home that isn't worth as much as you paid for. Quote Link to comment Share on other sites More sharing options...
wtnhunt Posted December 4, 2008 Report Share Posted December 4, 2008 Also agree that you should buy or build Kyle. Hoping to eventually build a new house on our property. Quote Link to comment Share on other sites More sharing options...
NiteRunner Posted December 4, 2008 Report Share Posted December 4, 2008 Check your local Auctions, houses and land go dirt cheap at these most of the time. Quote Link to comment Share on other sites More sharing options...
hutchies Posted December 4, 2008 Report Share Posted December 4, 2008 Kyle if you can buy a house you would be much happier. Melissa and I live in a trailer...........I hate it buuuuuuuttttttttt you've seen the place and when I decide to move I am going to put another trailer on the east side lot and then I'll have 2 rent houses right there............I would bet you can buy a house for pretty dadgum cheap right now. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.