Private equity firms and institutional investors are aggressively acquiring mobile home parks across the U.S., sparking massive rent hikes and evictions. For low-income residents, these 60% rent increases are financially devastating, forcing many into crisis. Mobile home parks, once a last bastion of affordable housing, are becoming battlegrounds for survival as elderly and fixed-income residents face impossible choices.
This is almost unbelievable. 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… pic.twitter.com/O4etvIwE2W
— Wall Street Apes (@WallStreetApes) September 21, 2024
Sources:
www.cnbc.com/2022/07/25/rents-spike-as-big-pocketed-investors-buy-mobile-home-parks.html