Quote:
Originally Posted by fatfoo
I think it is true.
What about a mobile home or a trailer? It can move around. Would this still be considered real estate or is it a vehicle?
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Mobile homes are not real estate, because they are mobile. In some cases a mobile home can be reclassified as real estate if the axles are removed, the home is pinned down on a permanent foundation, & the town taxes the structure like a home.
Real estate is going to be a shitty investment for a long time. only when the foreclosures die out & the unemployed get jobs will real estate start going back up.
a good investment would be oil. The oil companies are starting to gouge again.