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Message: [QUOTE="oldude, post: 5294505, member: 7511"] The absolute worst abuse of the private equity model involves the purchase of 1,000+ mobile home parks from sole proprietors. These parks are typically home to senior citizens who are on fixed incomes. They own their mobile homes, but not the land underneath. They typically pay a modest monthly fee to the mobile park owner for maintenance and fees. Once private equity firms take over, they start jacking up rental rates to the point where the residents are forced out. That’s no picnic as the cost to move a mobile home runs anywhere from $30-$50 K depending on the size of the mobile home and the distance moved. Once the private equity firms have chased all the seniors away, they sell the former mobile home parks to commercial developers for a tidy profit. Private Equity = sharks & snakes…… [/QUOTE]