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simple fact that there is a great deal 1 of evidence that mobile homes are not good retainers of value.”
There’s no doubt that mobile homes are the cheapest home stock 1 available, he said, “but as an invest- ! ment, or as a permanent structure that will live on indefinitely, (I have) serious doubt as to their viability and compatibility to traditional homes. They deteriorate at a rate and in a fashion far greater than that of site-built homes. ” ;
“Site-built structures,” Mr. McCarthy explained, “havS 20 years to appreciate in value.” Qri the other hand, “a 20-year-old mobile home is just that.”
The principal challenge to ordinances restricting mobile homes, he added, is that such ordinances exclude some segment of the population from home ownership. Usually, the argument is advanced that it is a racial and/or socio-economic exclusion.
On the contrary, Mr. McCarthy said, “there is nothing in the literature which indicates that mobile homes have a preponderance of minority occupants. By the industry’s own comments and figures,” he said, reaching for a copy of “The Old Dominion Outlook,” a trade publication of the VAMHA, “they are in the median.”
Flipping through the Spring 1987 issue of “Outlook,” Mr. McCarthy pointed to a statement by Ron Dunlop, executive director of VAMHA. He called the popular beliefs about mobile home occupants “misconcep
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