Mobile Homes

He’s against them – because they loose their value like cars. His suggests renting instead of buying a mobile home.

This works only so long as rent payments for an apartment are lower than mortgage payments. In my own opinion, a better way to look at this is to estimate the time one lives in the mobile home and then compares the total amount of the mortgage payments versus the total amount of the rent payment for the same period. An added wrinkle is to determine if the mortgage interest and the real estate taxes throw you over the threshold of itemizing taxes. The taxes you save because of itemizing go in favor of mobile homes.

Conclusion: he believes mobile homes are a bad choice; I believe that it depends.