Real estate mogul and financial expert Barbara Corcoran surprised many people when she revealed in a TikTok video posted by Caleb Simpson that she lived in a mobile home. “It’s called a double-wide,” Corcoran said about the two-and-a-half-bedroom, two-bathroom trailer that has a view of the Pacific. “Here’s my Taj Mahal.
” In addition to the $800,000 she paid for it, she also invested $150,000 more for renovations. The “Shark Tank” star said she likes the “compact space,” as opposed to having a $20 million estate in the same area. “It’s living small.
I always feel like it’s almost living large,” Corcoran told the New York Post. “I mean, I feel like I use every inch of the space. Well, everything I need is right there.
” Corcoran is not alone in her inclination to live in a mobile home. As In The Know reported, many young TikTokers are normalizing living in them, showcasing their upgrades in video posts. So, what are the benefits to living in a mobile home? Earning passive income doesn't need to be difficult.
Inflation, soaring rates and high prices have left many American homebuyers on the sidelines. For instance, the median average price of a home in the U.S.
stands at $410,000, according to Realtor.com. In comparison, the median price for a double-wide mobile home is $120,000 to $160,000; and $200,000 to $300,000, for a triple-wide home, according to Home Guide.
Plus, if you want to live somewhere expensive, this might be the way to go, as note.