When I tell people that I have been unusually busy lately because I bought a mobile home, the most common response is, “Don’t you know that mobile homes depreciate?” Well, yes. Everybody knows that. That is exactly why I started looking that direction for financial opportunities. What? You are thinking. Why on earth would I decide to spend my time, energy, and money on what everyone knows are depreciating assets?
In general, when everybody says that something is a bad idea or a bad investment, I think extra hard about doing it, or investing in it. Because if everyone collectively writes something off as a bad idea, even without researching it, there is probably an opportunity to be had there, and the competition will likely be thin.
One of those opportunities is mobile homes. [Read more…] about Why I Think Investing in Depreciating Assets is a Great Idea