Unless you can afford to bleed for 10 years at $235 per month in hopes of selling or refinancing based on appreciation, then you should not buy anything resembling this.

If it still resembles a mobile home, then you would unlikely get that appreciation from the market.I am not certain about the disclosure aspect of the property, that probably varies state to state.

I think the increases in those areas will resemble a kind of reverse bell curve, in which cultural values lie at the heart of the urban center on one end of the spectrum, and in the 2 to 50 acre properties which are an hour drive away on the other end. 

The changes in underwriting criteria has made it much more difficult to buy a house and the people who buy a house to live in are lower in number, but can actually afford the homes that they buy.While it might be true that we are near a top and might have a correction on the horizon, it's unrealistic to say the correction will resemble anything close to a collapse.  

Not any time soon.Cycles don't always resemble one another. 

...People who's profile picture is of their cat or dog...like @Joel A. ....... or when their profile picture gives them some sort of resemblance of a saintly angel descending from the heavens...

However, the general erosion of property rights over the years has led to the perception - widely shared by academics, government officials and large portions of the public - that a leasehold grants greater rights to the tenant - rights that start to resemble outright ownership.  

If they don't know what they are doing and don't have 203k experience, your 203k process will usually resemble the Cleveland Browns on a Sunday afternoon.

The house was supposed to be partially renovated but the people put peel and stick flooring down that resembled hardwood floors.

The advertised listing rarely resembles the tax filing, and I find this discrepancy is greatest in tertiary markets.