The producers of "Real Money with Ali Velshi" reached out to Park Street Partners's Jefferson Lilly to see if he would be willing to share his experience and insights on mobile home park investing. This interview came on the heels of a Bloomberg story on Mobile Home Park investing, which also featured Jefferson.
Why the sudden media interest in mobile home parks? We believe it speaks to the growing economic pressure being put on America's middle and lower socioeconomic classes. Wages are stagnate and baby boomers are reaching retirement age at an estimated rate of 10,000 people per day, a trend that should continue (unabated) for the next 19 years according to PEW Research Center.
The vast majority of these individuals have not saved enough to maintain their current lifestyle through retirement. The good news is we're all living longer, the bad news is...most Americans can't afford to live longer.
Jefferson was interviewed at a property we currently have under contract just outside of Kansas City, KS. Click on the video above or the link below to view an excerpt of the video, which aired May 28th, 2014.
"Real Money with Ali Velshi" Interview with Jefferson Lilly
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