I'm seriously considering buying a "manufactured house" in a resort community, a sweet little community on the river. I know about a dozen of the 65 or so people who live there full time and a couple dozen more who are there seasonally, and they are my kind of people. I would so enjoy living there!
That being said, I know it's not a "good investment" but then, neither is renting an apartment. My housing cost would actually be about $300/month less, for twice as much square footage, I'd have a yard for planting, and to share with my dogs, a carport for my new car (I've not had covered parking for 10 years), and no shared walls or floors/ceilings. A wonderful walking area along the river, a better quality of life, indoors and out, plus the community. Those are the pluses.
I guess the minuses are that I would have a landlease, not own the lot, and I realize that these homes depreciate quickly.
But for $46K, it seems to me that the pluses outweigh the minuses. I would spend 20% more to rent an apartment for the next 4 years and not have any of these pluses. But having said that, there is no one in my life, outside of the community, who thinks this is a good idea.
I'm not looking for anyone to talk me out of this, but are there things I haven't thought of?