Does the myth that mobile homes depreciate in value keep you from investing in them? Well, they do lose value in a park, on a rented lot. Mobile homes with real estate, however, are an entirely different investment.
My mobile home doubled in value in the twelve years I lived in it. The home deteriorated a little (don't all houses?), but the value of the land continued to rise. Also, by renting rooms, I took in far more money from my home than it originally cost, and I was living in it!
this is not a myth mobile homes depreciate no matter where they are .. they are stamped with a VIN like cars . sure land will appreciate . but it woudl appreciate more if it had a Single family detached dwelling on it ..
I am fairly new to investing and I have heard the same thing about mobile homes not being a good investment. Since they are basically driving off a lot just like a car they depreciate as soon as they hit the street. No matter what type of land they are on they are not a money maker.