A two-bedroom, two-bathroom mobile home perched on a lot in Malibu is selling for $1.4 million. This isn’t a greedy seller asking a ridiculous amount no one will pay. Two others sold in the area recently for $1.3 million and $1.1 million. Another, at $1.8 million, is in escrow. Nearby, another lists for $2.7 million.
This is JUST for the trailer itself — you still have to pay RENT on the land that you do not own (nearly $3k a month on top of the million). I do like California weather, but I think I’ll take a little bit of snow for sanity in housing prices.