When Nicole Platz first moved into Modern Manor 15 years ago, a manufactured home park on the edge of Iowa City, she paid $375 in lot rent.
She couldn’t afford to pay rent for an apartment. However, manufactured homeowners pay lot rent on the ground beneath their units, which they own.
“It was like living the dream,” Platz said. “Nice park, trailer park kept nice. And then, all of a sudden, boom — out of nowhere, it was purchased.”…