Steve,
I sent this listing to my sister-in-law and we had a chat about it. Her reflex reaction was negative and she didn't change her mind. She just really didn't like the idea. I chose her to be the trustee of my Trust. I'm very grateful she agreed.
We've sorted a few decisions. The car is sorted (17k price point used Hyundai Accent, approx. 40k miles, almost showroom condition), a substantial investment account in my name-- that in addition can be used to pay expenses of the car and home both in my name, not the Trust's on the advice of my attorney, and we've agreed I will buy a home in a cash sale. We pretty much agree on everything.
We're mindful these monies are to last for my lifetime. She told me to remember I chose her because she's practical. Well, that's part of it. She's very accomplished and responsible.
So, she all but ruled it out, didn't like the idea, and didn't like the price. We're going to revisit it after the storm and after I read wtg's links and research Florida's current laws.
She likes the idea of the mobile home I want to buy. I like it too. It was my idea.
Nothing's perfect. Land lease parks are transitioning from family to corporate ownership all over the country. They hike the rents substantially and have separated out certain things that used to be included in lot rent (water, waste removal) and added them as fees.
I think I could weather the storm. There are many who can't. There are many people already who are elderly and managing to keep their homes but can't afford everything they need and have to choose what to do without.
I'm leary of condos in Florida. Believe me. I live here and I hear about it. I haven't ruled them out. Living in an apartment is much nicer than living in a mobile home.
In a perfect world, I'd my an old stock concrete block house but they're risen to astronomical prices.
The bottom line is it's a blessing to be have options.