With the subprime mortgage crisis and the associated fall in housing values, it is more important than ever for affordable housing advocates to understand and educate the public about available low-cost housing options. Adam Rust argues that manufactured housing may be an avenue to wealth building even in this climate, but only if the truths are separated from the more familiar half-truths surrounding this housing choice. Data from the Home Mortgage Disclosure Act provides a snapshot of manufactured housing’s potential and pitfalls in different regions of the country under various financing scenarios.