Developers snap up trailer parks

Developers are buying up trailer parks in the New York region, hoping to transform them into lucrative housing developments or shopping malls. Trailer park owners in areas of Long Island and New jersey are receiving hefty buyout offers as property values in the New York region have soared. People who live in trailer parks typically own their trailers but rent the plots of land they sit on, and many low-income residents are finding themselves displaced as owners sell the parks. more [NYT]