Asked by J, Sacramento, CA • Fri Jun 13, 2008
We are a couple that recently married and have a mobile home in "the hood" of Sacramento, Ca. We want to get out of the hood and mobile home quickly.
Should we sell the mobile home and rent for a year then purchase? Or sell then immediately buy?
The tricky part about mobile homes is, we have to pay $620 a month rent for the lot.
We cannot rent the mobile home but can lease to own.
The mobile home was purchased for $26,000 in 2002.
The mobile home market is flooded, like the housing market, we are willing to take a loss.
Our budget will allow us to pay ~$1400 a month in rent or mortgage. We can afford to pay the mobile rent and another rent for a limited time.
Should we bite the bullet and stay until we sell the mobile? rent a new place and sell the mobile empty? buy and then sell the mobile?
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