The Carlyle Group’s Latest Investment …Trailer Parks

Trailerpark cc

The economic tide keeps going out. Prices relentlessly march upward. The dollar buys less and less. More find mobile homes the only alternative. As the Fed continues to print away, to undermine the core of the economy, the middle class slips a little more each year toward serfdom. Those who have access to the easy money from the Federal Reserve find profits to be had in the increasingly marginalized.

(From Zerohedge.com)

Because the cost of relocating a home is expensive, residents are less likely to move away. “Our customers have no alternative shot at homeownership, nor do they [normally] even have the credit scores and quality to seek anything better,” Mr. Rolfe said. “They never leave the park they are in, and the revenues are unbelievably stable as a result.”

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5 comments
James Chambers
James Chambers

'Trailer Park Boys', Where's Ricky, Julian and Bubbles?

JonPOgden
JonPOgden

I lived in a "town house" outside of Boston for much the same reasons that people move into trailer parks, but somehow sharing two walls (or one if you get the end unit) means the resident is classier. . . and tornadoes don't seek you out.