‘It’s my Taj Mahal’ said multi-millionaire Shark Tank star Barbara Corcoran, as she shows off her $1 million “MOBILE HOME” in an LA (Los Angeles, CA) area “trailer park.” Corcoran admits she ‘likes it more than her $15 million New York City penthouse.’ While her terminology and that of those reporting on this story is routinely wrong – any such house built since June 15, 1976 is a manufactured home, not a mobile home and not a trailer house, nevertheless, what she said is interesting because Cocoran recently mused that overal conventional housing costs were ‘going through the roof.’
According to Bing AI on 12.21.2023, Corcoran’s net worth is about $100 million dollars. So, this is a modest sum compared to what she might buy in the L.A. area. One of the remarks posted on the over 1500 comments posted on the YouTube video posted above says: “Can’t believe she [i.e.: Barbara Corcoran] remodeled a double wide and actually stays there. She can easily buy a beachfront property. She’s a real one.” Two more posted remarks: “I really love how Barbara is always so genuine and honest. She’s awesome!” “She [i.e.: Corcoran] did not grow up with much. She is entirely self made. Every time she got knocked down she used the rubble to build herself up even taller than before. I will never feel jealous of her success, when I see someone like her purchase and create a home like this it is absolutely lovely to see someone treat themselves as they deserve to.”
An article on Yahoo! Finance by Diana Kelly Levey said “Living in a mobile home or trailer probably doesn’t always have a positive connotation among the wealthiest class. But, that perception apparently didn’t stop “Shark Tank” businesswoman and real estate entrepreneur Barbara Corcoran from buying a double-wide trailer in Los Angeles.”
The Pacific Palisades trailer cost Corcoran $800,000 and she said she put another $150,000 into it.
For comparison, the average price of a new double-wide trailer in the U.S. costs between $120,000 to $160,000, which includes delivery, per HomeGuide. So, yes: Corcoran’s renos cost more than many mobile homes.”
Corcoran isn’t the only multi-millionaire who has chosen a mobile or manufactured home as her residence. There are even billionaires who own manufactured homes, including single section manufactured homes. If it is good enough for millionaires and billionaires, then mobile or manufactured homes ought to be good enough for me and you, right?
In our family, we certainly think so.
We own a multi-sectional manufactured home that doesn’t have Corcoran’s spectacular view of the beach and Pacific Ocean. But Corcoran is leasing her home site, we own our property. Her multi-section manufactured home appears to be quite a bit smaller than ours. Not only do we own our property, we have more of it. We may not have an ocean view, but we are in the popular and growing Polk County, Florida area. People are moving into the central Florida area by the hundreds daily, per several sources.
Per Bing AI/Bing CoPilot, the following.
> “New topic. How many people are moving into Central Florida daily?”
> “Do you have figures for people moving into Polk County, FL?”
According to the U.S. Census Bureau, Polk County is the fastest-growing county in Florida and the seventh fastest-growing in the nation. Between July 1, 2020 and July 1, 2021, 24,287 people moved to Polk County, which is roughly 65 people a day1.
We’ve said for years, you can live better when your home costs less. Barbara Cochran seems to think so, and so do millions of others, including people like yours truly. ##
PS: Mobile Home Living News, Manufactured Home Living News, (MHLivingNews.com) provides third-party research and other resource collections and reports not found on other sites. It is the widely acknowledged best source for authentic news on mobile and manufactured home living, as well as the policies that impact this segment of housing that provides 22 million Americans with good, surprisingly appealing living.
That’s a wrap on this installment of “News through the lens of manufactured homes and factory-built housing” © where “We Provide, You Decide.” © ### (Affordable housing, manufactured homes, reports, fact-checks, analysis, and commentary. Third-party images or content are provided under fair use guidelines for media.) (See Related Reports, further below. Text/image boxes often are hot-linked to other reports that can be access by clicking on them.)
By L.A. “Tony” Kovach – for MHLivingNews.com.
Tony earned a journalism scholarship and earned numerous awards in history and in manufactured housing. For example, he earned the prestigious Lottinville Award in history from the University of Oklahoma, where he studied history and business management. He’s a managing member and co-founder of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com. This article reflects the LLC’s and/or the writer’s position, and may or may not reflect the views of sponsors or supporters.
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