Ripi, a recession is when an economy has a decrease int Global Domestic Product (GDP) for at least two quarters. This basically means an economy struggles instead of grows.
A depression is far worse. A depression is a long lasting (can be years) slump in an economy that comes with high unemployment rates, very limited credit, very little opportunity, it's the "Worst Case Scenario."
I live in a mobile home. It was more affordable than a traditional house. Which is a good point to consider these days. Mobile are good as long as you don't live in Tornado Alley. Getting a loan for a MH is different from a loan for a traditional home. And Mama Kaz is right, MH are appraised just like traditional. I pay my fair share of property taxes. I feel very safe and sound in my MH.
A depression is far worse. A depression is a long lasting (can be years) slump in an economy that comes with high unemployment rates, very limited credit, very little opportunity, it's the "Worst Case Scenario."