Want to be wealthy? Buy a mobile home, put it on your own property away from trailer parks.

Compared to a standard home mortgage, mobile homes can result in significant savings. A mobile home with a mortgage can be had for $300-$500 per month depending on your location. The mobile home itself rarely depreciates. With the huge difference in monthly payment, all of the extra money can be used to buy a plot of land to put your mobile home on. This takes time of course, but over a few years you can save enough money to purchase the land outright. <br><br>After a set of years, you now live in a home that you own completely, mobile home and plot of land. No mortgage, no property taxes, no rent. All you have to pay are municipal services such as water/gas/electricity. I think this is the path to wealth if you don't have a lot of money to put into a home in the first place. The initial mortgage payment savings gives you the funds to save a lot over the years. <br><br>I just don't understand why people get a mortgage for a house when they can save so much money and be wealthy in a few years.