“When people get it through their heads that houses depreciate over time unless their money is losing its value faster,”
Got into a big argument with a realtor lady once, she was ranting about how stupid it was to buy a mobile home because they don’t appreciate like a site built house. I told her there was no such thing as appreciation in a site built house, it depreciates too although maybe a little more slowly than a mobile home. She thought I was nuts until I laid out my case and then she agreed with me.
I agree. That’s not even to mention the interest costs if not paid for outright. Depending on size and quality of both housing units, it’s quite possible that the interest alone on a site built home may pay for several mobile home replacements over a 30 year mortgage. To each his own, I suppose, as long as one can actually afford it.