Rents spike as big-pocketed investors buy mobile home parks

Rents spike as big-pocketed investors buy mobile home parks

By MICHAEL CASEY and CAROLYN THOMPSON July 25, 2022 GMT https://apnews.com/article/mobile-home-parks-rent-investors-8dbadf3f9a33faddb06abc980b046176 LOCKPORT, N.Y. (AP) — For as long as anyone can remember, rent increases rarely happened at Ridgeview Homes, a family-owned mobile home park in upstate New York. That changed in 2018 when corporate owners took over the 65-year-old park located amid farmland and down …

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