![]() ![]() Use actual mortgage data from our partners, so the mortgage payments, amortization and any other related feesĪre all based on real mortgages that you could use to buy a property of the stated value.įinally, we calculate how much money you would have left over after selling your property. Maintenance expenses and, if relevant, mortgage insurance and HOA fees. We then look at the annual costs, which include your mortgage payment, real estate taxes, homeowners insurance, Local taxes, title insurance, mortgage fees and other expenses down to the appraiser's fee for assessing the Depending on where you want to move and the mortgage type, weĮstimate all of the relevant expenses required to close on a home purchase. We compare the two in order to show you how long you need to stay in a property for buying to make moreįirst we start with the upfront expenses. Once the models have calculated all of the costs of owning and renting Taxes at the federal, state and local level) and consider how home value appreciation and mortgage payments Next we figure out the tax consequences of buying a home (we calculate rent tool builds one model calculating all of the relevant costs of owning and a different model In some instances, we may have received more accurate data from other resources.Our buy vs. Our data is obtained from the California Department of Housing and Community Development (HCD), Codes and Standards Automated System (CASAS), and reflects total numbers for parks and spaces. Note: The number of spaces for each city or county does not take into account those spaces that have been “leased up” and are no longer protected by an SRSO. The general industry rule of thumb is that for every $10 per month space rent increase, you lose $1,000 in mobile home equity. Typically, under the predatory owner business model, as space rents increase above Fair Market Rates (FMRs), your mobile/manufactured home will depreciate in value (loss in equity) while the land value appreciates (gain in equity). For a homeowner, this is not the best situation to be in, especially in a park that is owned by a predatory company. Many mobile/manufactured home owners rent the land that the home occupies. renters of mobile/manufactured home spaces and are usually not interchangeable. The laws are distinctly different between renters of homes and apartments vs. ![]() When you see or hear the term “Rent Stabilization Ordinance” being used by residents of mobile/manufactured home parks in California, they do not include home or apartment renters. We currently have ordinances documented for 85 Cities and 9 Counties (211 Unincorporated Communities) in the State of California that are protected by some form of Mobile Home Park Space Rent Stabilization Ordinance (SRSO).Ĭounties in California: 58, Cities in California: 482, Unincorporated Communities in California: 2,228Ĭalifornia RSOs aka SRSOs (Space Rent Stabilization Ordinances) are NOT to be confused with Rent Control for home and apartment renters. Resident Owned Communities (179) are excluded from the counts. The number of Parks and Spaces have changed based on 2021 data available. We have removed those ordinances that have been repealed. Note: Thu, – The MHPHOA are currently in the process of verifying ALL California MHP Rent Stabilization Ordinances. ![]()
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