The manufacture of prefabricated houses built in the past developed a negative stereotype because of their lower cost and the trend its value to depreciate more quickly than houses built on the site.
The tendency of these houses to the rapid depreciation in the resale value is used as collateral for loans far riskier than traditional mortgage loans. The term loans are generally limited to less than the typical 30-year overall home loan market and interest rates were considerably higher.
In other words, these loans for manufactured homes resembled motor vehicle loans far more than traditional mortgages. Have been consistently linked to low-income families, which has led to prejudice and zoning restrictions, including limitations on the number and density of homes allowed on a given site, minimum size requirements, limitations of exterior colors and finishes, etc..
Many jurisdictions do not allow the placement of additional mobile homes, while others are very limited or prohibited to all individual-level models, which tend to depreciate in value more rapidly than modern double-wide models.
The modern prefab homes, especially modular homes, belie this image and may be identical in appearance to the houses built on the site (traditional). Homes new, in particular, but broad, tend to be built with much higher standards than their predecessors. This has led to a reduction in the rate of depreciation of the value of many units used.
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