Why is a mobile home so cheap?

@terrance 

There are a few reasons why mobile homes are typically cheaper than traditional stick-built homes:

1. Lower construction costs: Mobile homes are factory-built in a controlled environment, which can result in lower construction costs compared to building a home on-site. This savings can be passed on to the buyer in the form of a lower purchase price.
2. Less expensive materials: Mobile homes are often made with less expensive materials than traditional homes, which can help keep costs down.
3. Lower land costs: Mobile homes are often placed on rented or leased land, rather than purchased land, which can also contribute to a lower overall cost.
4. Depreciation: Mobile homes tend to depreciate in value over time, rather than appreciate like traditional homes. This can make them a more affordable option for buyers.

Overall, the lower cost of mobile homes can make them an attractive option for those looking for affordable housing.

@terrance 

Additionally, because mobile homes are classified as personal property rather than real estate, they are often subject to lower property taxes and may not require the same level of insurance coverage as traditional homes, further reducing costs for the homeowner. However, it is important to consider factors such as location, age, size, and condition when determining the price of a mobile home, as these can all impact its value.