4.7 • 9.2K Ratings
🗓️ 31 August 2022
⏱️ 10 minutes
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0:00.0 | NPR. |
0:12.0 | We talk about home ownership as this kind of binary thing, like you're either a renter |
0:17.4 | or you're a homeowner. |
0:19.7 | But there is another form of home ownership that is often a lot cheaper. |
0:23.4 | So this is where you own your own house and everything in it, but you do not own the land |
0:27.4 | underneath it. |
0:28.6 | And that is the deal for millions of Americans who live in mobile home parks around the country. |
0:34.1 | Most are on low or fixed incomes. |
0:36.0 | The median income is around $35,000 a year for the household. |
0:40.4 | And mobile home parks are this vast reservoir of affordable housing at a time when it's |
0:46.2 | in such short supply. |
0:48.2 | This is the indicator from planet money. |
0:49.6 | I'm Darian Woods. |
0:50.6 | And today on the show, we have Chris Arnold, who is NPR's housing correspondent. |
0:54.6 | Welcome back Chris. |
0:55.6 | Hey Darian. |
0:56.6 | Thanks. |
0:57.6 | I'm going to talk about this trend in mobile homes and that is big companies have been buying |
1:02.2 | up these mobile home parks around the country. |
1:04.9 | And they see them as a solid and profitable real estate investment. |
1:09.2 | But housing advocates say some of these companies are basically being bad landlords. |
1:14.7 | There have been lawsuits around the country alleging that they neglect to fix all kinds of |
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