This is becoming more common now with the popular teaser mortgage
rates (usually as part of an ARM)
and lack of prequalifying by realtors who might be obliged to encourage
a bigger house for a bigger commission.
A person should always purchase the least expensive house (with
a good inspection by an unbiased (realtors are know to get a more
lax inspection agent to let house 'pass' to hurry sale) inspector
in as good a neighborhood as possible.
It is so hard to do just this as more and more homes now are
being built that are large, beautiful and expensive. Everyone
lusts after the big house then the reality of the big payments
sets in, plus all the other costs associated with a home.
For this couple, a trailer sounds good for now. I have read a
few financial writings on what a good buy this is and they do
not have a land rental if they park it on your property. (Our
family actually knows a plumber who lives in a tent on his
families property - in an area where this is allowed).
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