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Another solution for someone with a lot of land in a rural area would be a modular home. It's similar in concept to a mobile home -- the house is towed in as one or more sections, but is permanently attached to a foundation when installed. The wheels and towing tongue are removed upon...

While a house or condo will usually appreciate in value, this is generally not the case with a mobile home -- they will lose value over time. Add in the lot rental fees, and this is usually a poor investment (but still better than renting an apartment). I also think that interest rates are...