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Houston's Trailer Parks Offer Cheap Housing, But Leave Residents Vulnerable

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Duval Mobile Home Park in southeast Houston has 182 lots." />EXPAND The Duval Mobile Home Park in southeast Houston has 182 lots. Stephen Paulsen Elizabeth Perez loves her trailer park . But if she's ever forced to move, at least she has a back-up plan. A chatty 45-year-old with a wide smile, Perez has lived at and managed the Trinity Duval Mobile Home Park in southeast Houston since 2008. Used mobile homes here typically sell for $12,000 to $38,000, depending on their size and condition, she says. She remembers one woman buying a home for just $2,000, using her IRS refund. The Duval Mobile Home Park first opened in the 1950s. It was purchased last year by Trinity Community Group , a trailer park management company — and Perez worried about the future of the park. “I kept thinking, ‘Shoot, they're going to want to tear it down,’” Perez said. “I was kind of scared.” The company promised it would keep the park operational , according to Perez. Still, Perez accepts...

Zillow Group bolsters New York real estate business, buys Naked Apartments | 2016-02-03

Zillow Group , the parent company for online real estate portals Zillow and Trulia , is growing its operations in New York City with the acquisition of Naked Apartments , which bills itself as “New York City's largest rentals-only platform.” According to Zillow, the acquisition of Naked Apartments will bring its total number of consumer brands to five, with Naked Apartments joining StreetEasy as the second NYC brand for Zillow. Zillow purchased StreetEasy , a NYC- focused property portal , in 2013 for $50 million. The purchase price for Naked Apartments will be $13 million, funded with cash on hand, Zillow said in a release. “This acquisition reinforces Zillow Group 's commitment to providing buyers, sellers, renters and real estate professionals with New York City-centric tools and information that make their lives easier,” Zillow said in a release. Naked Apartments is “dedicated to simplifying the rental process” for renters, brokers and landlords in New York City, w...