Rent a House or Buy a Mobile Home Someone is new to an area and they want to buy a home, but they do not know the area well enough to commit to a purchase. They decide that they will rent for a year, get to know the area, and then purchase a home when their lease is ending. For those buyers who have the money for a good downpayment, they could take an alternate route. They could purchase a mobile home. If a buyer was going to purchase a home for about $300,000 and put 20% down ($60,000), then they would have sufficient money available to buy a mobile home. The mobile home would have a monthly ground rent, but the ground rent could be only one third to one half of the monthly rent for renting a home. For instance, the ground rent may be $400 to $600 per month, while a rental may be $12...
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