Big investors are buying mobile home parks — and upending the lives of residents

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Big investors are buying mobile home parks — and upending the lives of residents
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Investors are buying mobile home parks across the country, including Massachusetts, clearing the land for new development or boosting rents. But some residents are working together to stay in their homes.

John Piazza remembers when he first moved to Lee’s Trailer Park in Revere in 2000, after his rent skyrocketed in Boston.

"The whole place is gone," Piazza said, sitting in his mobile home, one of the few still left at the park."You see it? I'm all alone."All across the country, investors are buying mobile home parks like the one in Revere, upending the lives of residents who have lived there, often for decades. In some parks, the new owners have cleared mobile homes to make way for new development. In others, they have jacked up rents.

"We've had a lot of predatory owners coming in, seeing value in the land. ... All they see is money."Lee's new owner, Parkway Homes, wouldn't agree to an interview. But in a statement, a spokesperson said the company has helped residents find new housing and is replacing"dilapidated" and aging mobile homes with modern, transit-oriented housing.

Over the past two decades he has collected thousands of tools, toys and pictures, placed along every square inch of his home. But he won't have room for most of them at the assisted-living facility he's moving to in his native North End. Holding an axe-like implement, he explained it was used for building ships 150 years ago, recovered from the home of a famous shipwright in East Boston.

Some other residents said they had nowhere else to go — even those who live in recreational vehicles, which in theory could be easily driven to another location. Settipane, 78, sold the park to the new owners for $5.6 million last year, triple what he paid for it 12 years earlier. "It looks like the remains of a war," said Mascoop, who sits on the Manufactured Homes Commission, a state body that helps mediate disputes between park owners and residents. He pointed out open dumpsters, debris from demolished homes and people's belongings strewn around the park."It's very, very sad."

But some residents are fighting back. That's what happened at the Royal Crest mobile home park in Wareham, on the southern coast of Massachusetts.Royal Crest is a neatly-kept community, and residents say they cherish living there because it's like a small village. There are no fences and people know their neighbors. It's also a cheap place to retire.

But the homeowners would still be on the hook for $10 million — money they would have to borrow and ultimately pay back in the form of higher rents. Earlier this fall they packed their community center to celebrate. A hundred people congratulated each other, hugging and helping themselves to platters of chicken, scallops and baked goodies.

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