Rising multifamily rents have fueled an affordability crisis in Southern California and many are calling for more affordable housing options. Where there is demand, there is almost certainly investment opportunity, according to Hunter Thompson, a principal at Cash Flow Connections. Investors are increasing exposure to more affordable niches—like workforce and low-income housing—and competition is heating up in the mobile home park market as well. Once considered a high-risk investment, investors are seeing more and more stability and NOI growth in mobile homes.
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