Real estate has always been a safe investment, 2009 economic crisis notwithstanding. But it has generally been the middle class, upper class, and commercial real estate that has appealed the most to private equity firms.
Today, things have changed. Affordable and low-end housing, especially the manufactured home park markets, have been increasingly targeted by institutional investors and private equity firms. They’re buying them like crazy at a time when the industry itself is expanding.
According to Wall Street Apes on X:
Absolutely insane. Wall Street private equity firms are now buying up American mobile home parks and skyrocketing rents up to 60% on people.
“These communities have become the target of a new kind of landlord, private equity. Private equity firms are increasingly getting involved. Some of the biggest investors in America have moved into this industry. People living at a local mobile home park outraged over the sharp increase in lot rents. Rents were raised by nearly 60%.”
Resident: “I worked for 45 years. There is no American dream anymore. All it is survival.”
“Homes of America has gone on a buying spree spending nearly $300 million to acquire 138 parks across 17 states. They’ve raised rents and aggressively evicted residents.” and that’s just ONE FIRM buying, there are many more
Resident says “I don’t know what I’m gonna do. Hope that I don’t wake up tomorrow. Death crossed my mind.” She can only afford one more month of rent
How much more will the American People continue to take?
It’s the captive-audience-nature that appeals the most. The investment may require a long time to turn a major profit, but time is on the side of the investors who want to continue making profits for years or even decades.
