![]() ![]() “These industries, including mobile home park manufacturing industry, keep touting these parks, these mobile homes, as affordable housing. Owners are forced to either accept unaffordable rent increases, spend thousands of dollars to move their home, or abandon it and lose tens of thousands of dollars they invested. The purchases are putting residents in a bind, since most mobile homes - despite the name - cannot be moved easily or cheaply. Critics contend mortgage giants Fannie Mae and Freddie Mac are fueling the problem by backing a growing number of investor loans. The plight of residents at Ridgeview is playing out nationwide as institutional investors, led by private equity firms and real estate investment trusts and sometimes funded by pension funds, swoop in to buy mobile home parks. These Fresno tenants have a different idea READ MORE: Investors are buying up mobile home parks. “You guys aren’t doing your job and I get a violation?” He was recently fined $10 for using a leaf blower. “All they care about is raising the rent because they only care about the money,” said Jeremy Ward, 49, who gets by on just over $1,000 a month in disability payments after his legs suffered nerve damage in a car accident. ![]() About half the residents launched a rent strike in May, prompting Cook Properties to send out about 30 eviction notices. When that didn’t happen and a new lease with a 6 percent increase was imposed this year, they formed an association. They hoped the latest owner, Cook Properties, would address the bourbon-colored drinking water, sewage bubbling into their bathtubs and the pothole-filled roads. Residents, about half of whom are seniors or disabled people on fixed incomes, put up with the first two increases. That changed in 2018 when corporate owners took over the 65-year-old park located amid farmland and down the road from a fast food joint and grocery store about 30 miles northeast of Buffalo. (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.
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