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When private equity firms buy mobile home parks, rent increases leave residents with few affordable options in rural areas

Roughly 20 million Americans live in manufactured houses, which are homes made in factories.

Although they’re often called mobile homes or trailers, that’s really a misnomer because their owners can’t easily relocate them. Typically, the people who own them rent the land underneath the houses from the owners of manufactured home parks. Sometimes, an owner will rent their home to someone else while paying to rent the land as well.