Mobile Home Park News Briefing

Mobile Home Park Investing Audios | Mobile Home Park Investing Videos | Mobile Home Park Mastery Podcast



Petaluma Argus Courier: Editorial: Petaluma mobile home park owners must prove financial hardship

Preview:

It was a despondent sight last week as the residents of Youngstown Mobile Home Park gathered on the corner of North McDowell Boulevard, protest signs clutched in hand. A similar scene played out on Aug. 29 at Little Woods Mobile Villa on Lakeville Highway.

At both protests, there was an air of desperation — these aren’t people fighting for a principle, they are fighting for their homes.

The owner of the Youngstown Mobile Home Park called for its closure shortly after the city capped rent increases at mobile home parks to 4% of current rates, or by 70% of the Bay Area Consumer Price Index, whichever is less.

“Some people have ended up in...

Read More

Our thoughts on this story:

These articles just keep getting ever more ridiculous. Here’s a case of a private property owner shutting down a park as the result of rent control, and the residents wanting them to prove how not raising rents is a hardship before they can tear the park down – as though the owner has any legal requirement to get their approval.

“It was a despondent sight last week as the residents of Youngstown Mobile Home Park gathered on the corner of North McDowell Boulevard, protest signs clutched in hand. A similar scene played out on Aug. 29 at Little Woods Mobile Villa on Lakeville Highway.

At both protests, there was an air of desperation — these aren’t people fighting for a principle, they are fighting for their homes.

The owner of the Youngstown Mobile Home Park called for its closure shortly after the city capped rent increases at mobile home parks to 4% of current rates, or by 70% of the Bay Area Consumer Price Index, whichever is less.

“Some people have ended up in the hospital because of all the fear and anxiety,” Mary Ruppenthal, a park resident since 1987, told the Argus-Courier. “We tried to allay their fears and calm them down, but none of us know for sure what's going to come of it all.”

I know that 70% of Millennials have said they would vote for a socialist candidate (that study came out during the Bernie Sanders campaign) but here’s a painful fact: property owners have the right to do whatever they want with their property. Really want to stop parks from being torn down? Then embrace much higher rents as that’s the only shot you have. Otherwise, there are few parks out there that might not be more profitable as apartment complexes which rent for an average of $2,000 per month when parks average $300. Rent control is a death sentence for mobile home parks, which have rents so low that they’re not sustainable. Any sensible person understands this.

Spectrum News 1: Manufactured homes could be a viable solution to affordable housing shortage

Preview:

LEXINGTON, Ky. — The Kentucky League of Cities (KLC) conference is occurring in Lexington at The Central Bank Center. It brings cities across Kentucky together, connecting them with services and finding potential solutions to issues facing their respective municipality.

One of those issues is lack of housing, especially affordable housing. At the conference, city stakeholders from across the Commonwealth could view a manufactured model home. Those homes could be completed within a matter of days, rather than months.

Logan Hanes, with Kentucky Manufactured Homes Institute, said despite the quick construction time, these homes have the same...

Read More

Our thoughts on this story:

Clearly this writer has no idea how the real-world works:

“I think a lot of these improvements in that industry have gone unnoticed by local officials, planning administrators, those who write those ordinances and regulations. I think it may be time to take a fresh look at that”

No, it’s not the fresh look of mobile home parks that will open the floodgates to new construction. The reason virtually no city in the U.S. allows for the construction of new mobile home parks is simply because they cost the city a ton of money on school tuition and city services while bringing in only a fraction of their cost in property tax. Since almost all U.S. cities are having a cash-flow shortage it’s fully understandable why they view new mobile home parks as economic suicide.

Autoevolution: Step Inside the $239K Phillips House With Nearly 600 Square Feet of Pure Luxury

Preview:

If tiny homes require certain compromises in order to meet their primary goal of maximum freedom and mobility, park model homes come with the unquestionable advantage of spaciousness. One of the custom park model homes built by Movable Roots, the Phillips boasts no less than 580 square feet (53.8 square meters) of living space, including two lofts, resulting in a true mansion on wheels.

The fact that its owners had had previous experience with living in an RV full-time helped them envision the perfect mobile home. This is how the Phillips was born – a dreamy, ultra-comfortable family home with gorgeous interiors and ultra-modern...

Read More

Our thoughts on this story:

Come on – do you really think a 400 sq. ft. home for $220,000 is a great deal? That’s $500 per square foot – roughly ten times more than a mobile home costs. Sticking a piece of LED lighting on a wall doesn’t really change that fact. If you have a budget of $220,000 – and this is the best idea you can come up with – you need to move to the Midwest.

Post Independent: Organizing mobile-home owners as investors gobble up parks

Preview:

Like a lot of his neighbors, John Sullivan looks down his Apple Tree Park street and across the Colorado River toward the small Western Slope town of New Castle and wonders about the future.

The 290-space mobile home park where he has lived for 25 years has one of the more picturesque settings among the 50 or so such parks, large and small, that dot the region from Aspen to Parachute.

The streets and yards are lined with mature trees to provide ample shade in the summer, and there’s a good-sized community park where children can play and families gather for picnics. Many of the spaces even overlook the river — albeit with Interstate 70...

Read More

Our thoughts on this story:

Connect the dots from these passages:

It’s part of an ownership trend away from family-owned trailer parks (as they used to be called) — often built by farming and ranching families as a way to bring in additional income through rents and to help house workers for large public works projects in the mid- to late 20th century — and toward out-of-state real estate investment interests.

The move away from local ownership has brought new rules for many park tenants, such as limiting the number of sheds and other exterior structures they are allowed to have, ensuring fences are stained and in good repair, and getting rid of junk cars and recreational vehicles or finding another place to store them. The rules are meant to clean things up in terms of the parks’ appearance. But they can be onerous, not to mention expensive for people who are just scraping by

Having grown up and continuing to reside at the Cottonwood Springs Mobile Home Park, near Rifle, Muñoz said he’s used to rent increases, but usually no more than $10 or $15 a year. So, you go from paying maybe $410 to $425 in a year, where some of these corporate-owned parks are jumping from $400 to $500 or $600 in a single year,” he said. “And we don’t have any sort of legislation to prohibit that.”

So all this article is really about is that some tenants hate rent increases and rules enforcement. But how can you bring old parks back to life and make them nice without those two factors? The answer is: you can’t.

Those who want to live in filth and squalor because it’s cheap need to go to those type of properties. But the majority of tenants – 99% of them – want to live in a nice, updated property and pay higher rent for the right to do so. Don’t let this tiny minority of residents dictate and ruin the quality of life for the majority. It’s just plain stupid.

Standard: Lesley’s Mobile Home residents are gone, but their rundown units remain

Preview:

RIVERDALE — The former residents of Lesley’s Mobile Home Park in Riverdale are long gone, forced out so the land can be redeveloped

But many of the units they occupied, some extremely dilapidated, remain, apparently to the chagrin of some residents and city officials. The units, most too old to be reused, are to be razed and removed. It’s just not clear when that will happen, though Mayor Braden Mitchell indicates the arrival of the machinery needed to complete the cleanup work is looming.

“I just found out (Friday) that they plan on starting to bring in the heavy equipment in the next week or two,” he said in a message Saturday to the...

Read More

Our thoughts on this story:

You can’t even apparently redevelop a mobile home park without the neighboring residents complaining. The 5.5 acre tract is being converted from a mobile home park to a 155 unit apartment complex. The parcel is fenced off with “under construction” signs all around it. And yet the neighbors complain to the media of what an eyesore it still is. Is there anything more hated by the average American than a mobile home park? Doubtful.

Times of San Diego: Mobile-Home Park in El Cajon Attracts Multiple Offers Before Selling for $4.4M

Preview:

A mobile home park on 1.65 acres in East County has been sold for $4.4 million, according to a real estate brokerage.

Shady Lane Mobile Home & RV Park, with 41 spaces for manufactured homes, is located at 244 Shady Lane in El Cajon.

“Shady Lane Mobile Home & RV Park was a Watkins family generational asset,” said Dustin Wilmer, vice president of investments in Marcus & Millichap’s San Diego Del Mar office. “The property had not traded hands since 1981 and this was the first time it has ever been advertised for sale.”

Wilmer said the property attracted 10 offers within its first 72 hours on the market. He represented the seller, a limited...

Read More

Our thoughts on this story:

41 spaces on 1.65 acres might just set a new density world record for a mobile home park. And the seller got over $100,000 per lot for this property? Wow, I don’t get California investing at all.

News 4 Jax: ‘Something is not right’: Mobile park home tenants demand answers after unusually high water bills

Preview:

JACKSONVILLE, Fla. – Nearly a dozen tenants of a local mobile home park are sharing their concerns over unusually high water bills after the News4JAX I-TEAM reported the case of a disabled veteran who was being threatened with eviction if she didn’t pay a $2,200 water bill.

Several residents at the Three Seasons Mobile Home Park off Collins Road said they have also been forced to pay outrageous water bills in fear of being evicted.

One of the residents, who didn’t want to be identified for fear of retaliation from the property managers, said they have been receiving these high water bills for years. The residents pay their landlord at the...

Read More

Our thoughts on this story:

I know nothing about the tenant, the metering system, or the billing methodology. But can a tenant use $1,000 per month in water? Absolutely. If you have two bathrooms and both toilet flappers are broken you could accomplish this easily. Or if you fill up a commercial water tank on a trailer all night several times a week (a common tool if you are a landscaper, paver or mobile car wash) then you could easily exceed $1,000. There are two sides to every story and you are only hearing one so far.

Petaluma Argus Courier: Mobile home tenants protest threats of rent hikes, closure

Preview:

Residents of Petaluma’s Youngstown Mobile Home Park held a protest Tuesday afternoon in response to threats of rent hikes and closure, even as the city strengthens protections for renters.

About 100 protesters gathered outside the mobile home park on North McDowell Boulevard, holding signs denouncing the park owners’ actions over the past few months, which have included converting the park from seniors-only to all-ages residents, threatening park closure, and attempting to raise their rents by more than $900 a month, residents said.

“When I moved in here I thought, ‘I can relax, I can retire,’” said Youngstown resident Danny Morton. He...

Read More

Our thoughts on this story:

Look, I know the media would like to convince us otherwise, but America is still a free country and this property owner can certainly tear the park down and redevelop it if they want to. It’s called basic American property law. The residents can protest all they like, but at the end of the day a mobile home park is a business and if the land is worth more in a different use then it’s going to be redeveloped. The property owner is not bluffing and threatening – just telling the truth. The media, in this case, is giving false hope.

CBS Colorado: More than 10 families of Wikiup mobile home park face evictions

Preview:

More than 10 families living in the Wikiup mobile home park are being evicted. According to a spokesperson for the community, owned by RHP Properties, residents are not following the rules.

Tomasa Hernandez and her family are one of those families being asked to leave. She says this puts them in a bind since this is all they can afford.

The family adds they've always paid their rent on time, but now they're being asked to leave by mid-September.

"I spend my time crying because I am always thinking, where am I going to go with my kids and my sick husband?" cried Hernandez.

To make ends meet, Hernandez sells fruit and vegetables on weekends...

Read More

Our thoughts on this story:

There is no evil agenda going on here. The statement from the resident:

"When we realized we had a court date it was already too late, and they sent us an eviction notice, I think they want me to leave because I didn't remove the fence, they said my curtains are ugly and they told me to clean outside because it was messy," said Hernandez.

And now the statement from the park owner:

"Our priority at Wikiup is to provide a safe, well-maintained, and affordable community for our residents. We work with residents when there are violations to the rules and regulations of the community that present health and safety concerns for them and other residents.  If after repeated requests and notifications, residents fail to address those violations, for the sake of all residents, and as required under Colorado law, management, as a last resort, must take necessary legal steps to ensure compliance."

The bottom line is that the resident broke the rules, refused to fix the issues even after notification, and then the park owner gave up and evicted them for the good of the entire community at large.

It’s important to remember here that evicting any resident costs the park owner thousands of dollars: 1) legal cost 2) cessation of lot rent 3) demolition of the home. It is very rare for a park owner to evict for rules violations unless it’s a very serious case. There are two sides to every story and the writer of this article gave 99% of the benefit of the doubt to the resident and 1% to the park owner – and that’s clearly unfair.

Basically just more poor journalism that is simply geared to pander to their base at the exclusion of fairness.

VPM: Chesterfield mobile home park could be a ‘model’ for revitalization

Preview:

Nonprofit Project:HOMES purchased Bermuda Estates in 2020 and has worked with residents to address the park's needs.

This is part two of a two-part housing series from VPM News Focal Point.

On a hot summer evening, Alvaro and Rebecca Hernandez tend to their bountiful garden.

Tomatoes, peppers and cucumbers fill the plots around the Hernandez home at Bermuda Estates, a manufactured housing community in Chesterfield County. Like the Hernandez’s garden, the neighborhood is flourishing, too, thanks to long-awaited investment and new nonprofit ownership that has committed to working with residents on the park’s revival.

“I feel happy and...

Read More

Our thoughts on this story:

A non-profit buys a 50-space mobile home park for a total package price of around $6 million (original price plus improvements) and saves the residents from the evil park owner and they live forever in a land of unicorns and pixie dust. Sheer genius, right? Well, they could just have given each resident $120,000 cash to go buy a nicer stick-built dwelling with zero lot rent (the lot rent is $483 per month). I can’t believe that I’m apparently the only one that sees these type of virtue signaling events make no economic sense. Either the folks who fund these non-profits have poor math skills or have never looked at Realtor.com.

Wood TV: Nonprofit buys mobile home parks to help with affordable housing

Preview:

GRAND RAPIDS, Mich. (WOOD) — A new property acquisition is helping a West Michigan nonprofit continue its fight against homelessness in the community.

Putting an end to homelessness is the mission of Family Promise of West Michigan.

“There’s families you see all over town and you don’t realize the need that they have, in terms of their housing insecurity,” said Lisa Valk, Chief Operating Officer at Family Promise of West Michigan. “We want every family, every child in our community to go from insecurely housed to securely housed.”

One of the nonprofit’s programs, Partners in Housing, allows Family Promise to rehab manufactured homes. They...

Read More

Our thoughts on this story:

So the non-profit spent $7 million cash for two mobile home parks with the intention of using the cash flow to buy more parks. Knowing how the world works, I’m assuming the non-profit bought these for a 5% cap rate and the two properties have an EBITDA of maybe $350,000 per year. That’s if they collected the rent and knew how to run a park, which they don’t. So the EBITDA may be more like $175,000 per year. And that means they will be able to buy a new park about every 20 years or so. Not exactly the potent force in housing they are claiming. Seen it all before.

VPM: Louisa mobile home residents living in ‘precarious position’

Preview:

Residents are pushing back against the investment firm that bought land beneath their trailers.

This is part one of a two-part housing series from VPM News Focal Point.

The trailer that Gabino Felipe owns at Six-0-Five Village Mobile Home Park is one of the only places his family can afford to live in Louisa County.

But Felipe might soon be priced out of the place he has called home for the past six years, as a nationwide trend threatens one of Virginia’s most affordable remaining sources of housing. Pending lawsuits could stave off a steep rent hike that residents allege violated their lease terms and state law. But a ruling in their...

Read More

Our thoughts on this story:

Bestplaces.net tells me that Louisa County, Virginia has a median home price of $299,700 and a three-bedroom apartment rent of $1,440 per month. So here’s what’s maddening about this article:

“In December, Six-0-Five’s management tried to raise lot rents by more than 40%. The increase would have meant Felipe’s monthly rent payment increased from $445 to $625.”

So the rent is going up $180 per month to $625 and somehow that’s going to render these residents homeless? At $625 that’s less than half of apartment rents.

I would contend that anyone who cannot afford $625 per month needs to immediately move out of Louisa County and move to someplace less expensive. There are many counties in the Midwest where housing costs are half that amount. But the era of mobile home park owners subsidizing residents (which is what’s happening when the owner does not charge market rents) is ending. It reminds me of the current homeowner insurance issues in Florida. If you can’t afford insanely high insurance on your house, you need to move to a place you can afford – but the insurance companies are no longer going to subsidize you living on the beach.

The U.S. Sun: Inside $3.8million tiny home community where children can get larger housing but residents wish ‘stigma would go away’

Preview:

A TINY home community has brought peace of mind to residents in a small town, but efforts to continue to build out the housing solution have stalled in partisanship.

Lilac Homes - a tiny home community in Kennewick, Washington - opened 16 homes to people in need in 2022.

The Kennewick Housing Authority procured $3.8million to develop a tiny home community on an acre of land, according to the local CBS affiliate KEPRTV.

The housing authority aimed to provide shelter for historically marginalized communities in the neighborhood.

"We are going to be able to house individuals who we have targeted," Lona Hammer, a representative of the housing...

Read More

Our thoughts on this story:

Look at the photo and tell me that you would honestly not freak out if this went in next to your neighborhood? Of course you would. Why would bureaucrats and non-profits be shocked when neighborhoods push back against this type of development? This doesn’t even look good in the photo, which no doubt was staged by a PR firm to be at the most attractive angle.

New Castle News: New management takes over troubled Pulaski mobile home park

Preview:

Since taking over management at Heritage Hills Mobile Home Estates in mid-August, Chana Kolpien and her husband have chopped down window-high grass, dealt with broken water lines and gathered tons of garbage.

“We’re on our third 20-yard roll-off,” said Kolpien, who is also getting bids to remove vacant trailers.

She must first determine which mobile homes are occupied or unoccupied.

“There’s supposed to be 91 living (occupied) homes,” Kolpien said Wednesday. “In my opinion, 18 for sure need pulled out and there’s probably another 15 that need (taken out).”

During the early August Pulaski Township supervisors meeting, Heritage Hills...

Read More

Our thoughts on this story:

Wow, an article that is actually accurate! Finally!

Peak: City of Powell River staff want modular, mobile home distinction

Preview:

City of Powell River staff members are suggesting bylaw updates to distinguish between modular and mobile homes.

At the September 12 committee of the whole meeting, manager of planning services Daniella Fergusson outlined a report to council, which stated that factory-built or prefabricated houses include manufactured homes assembled on site. Her report stated that in recent years, staff have received more enquiries from the public about the possibility of building modular housing, however, city bylaws currently discourage that construction.

“The focus of this report is to consider bylaw updates to our official community plan, the zoning...

Read More

Our thoughts on this story:

I think you’re going to see more of this type of action in the years ahead as people figure out that a modular home – properly designed – looks no different than a stick-built. It makes no sense that a homebuilder can’t get portions of the home made in a factory (roof trusses, for example) where they can be made to higher tolerances and lower cost. Once that breaks loose then all of the mobile home manufacturing capacity will be changed over to modular components and the factories will go back to three shifts again. It’s just a matter of time.

KUT 90.5: Austin to change land rules to expand where people can live in RVs and tiny homes

Preview:

Home living in Austin just got a little smaller — well, for some.

In another move to create more attainable places to live, the Austin City Council on Thursday gave a thumbs up on changing land rules to allow people to live in an RV or tiny home in more places across the city.

The city already allows residents to store these properties on their land. The proposed rule would allow people to hook up utilities to a tiny home or RV so they could live in it without it being in a mobile home park, campground or other designated area.

Austin has become increasingly expensive for working-class families, pushing many to the city's outskirts. Over...

Read More

Our thoughts on this story:

Maybe they should change the signs to read “Welcome to Austin where the homeowners are terrified” – because they should be. If you can now place an RV or tiny home on basically any residential lot then everybody in Austin is going to see a huge decline in property values. Imagine the $1 million McMansion with an old $500 travel trailer next door (including two non-running cars and three hound dogs). Another Texas city (Houston) learned the hard way that this is just plain idiocy.

The Ithaca Voice: Trumansburg mobile home park receives $5.7 million grant

Preview:

ITHACA, N.Y.—Efforts to make improvements to a manufactured home community on the west side of the village of Trumansburg just got a $5.7 million boost.

The New York State Homes and Community Renewal (NYS HCR) issued the grant to support Ithaca Neighborhood Housing Services’ (INHS) endeavor to rehabilitate and enhance infrastructure and amenities at the Compass Manufactured Housing Community, also known as a mobile home park. The award was announced in a press release Tuesday morning.

Technically, the award was made to Better Housing for Tompkins County, which tends to focus on more rural projects within the INHS umbrella. Once a separate...

Read More

Our thoughts on this story:

Governor Kathy Hochul and a bunch of other New York bureaucrats spent $9 million to buy and renovate a mobile home park that currently serves around 100 families. That’s around $100,000 per household spent. I looked up Realtor.com and found that there are pretty nice houses for sale in Trumansburg, NY for about $150,000. Kathy could have given each household $100,000 in cash and then co-signed a $50,000 mortgage and these folks could have elevated their standard of living 1,000% at no greater cost to taxpayers. Once again, bad decision making with the only goal of virtue signalling.

WRAL News: More than 100 Cary families could be forced out of homes if land is sold

Preview:

A big plot of land in Cary is up for sale, and the purchase could displace dozens of businesses and more than 100 families who live behind a busy shopping center.

Chatham Estates is considered one of the few remaining affordable mobile home communities in Cary, but it's on the market along with the shopping center surrounding it.

Chatham Square includes about 50 businesses, with many catering to their neighbors.

The community is home to an estimated 700 people. It covers 40 acres on the corner of East Chatham Street and Maynard Road near downtown Cary. Additionally, about 50 small businesses are in the shopping center.

They’re part of a...

Read More

Our thoughts on this story:

Another park re-development story. The bottom line is that only higher lot rents save parks from the wrecking ball.

Kera News: Denton mobile home park’s ban on window AC units leaves some residents sweltering

Preview:

As Texas’ second-hottest summer on record comes to a close, high heat continues, and residents of a Denton mobile home park say the property’s ban on window air-conditioning units has led to sweltering indoor temperatures.

“It’s like I’m baking in an oven,” Mike, a resident who asked to be referred to by his nickname, told the Denton Record-Chronicle.

With excessive heat warnings nearly every day in Denton County, public health experts have warned against the dangers of high temperatures. But for some residents of Ashli Oaks who say they cannot afford to fix their central AC units, the park’s enforcement of a ban on window units has left...

Read More

Our thoughts on this story:

Oh come on, seriously? “Interior air-conditioning units are not as efficient as window units since they release warm air back into the room”. That’s not the case at all. Interior air-conditioning units work just fine – I’ve been in places that used them and they can cool you to meat-locker levels. The real problem is that they are more expensive than window units. The park owner is trying to keep the park good-looking and window units look lousy. The interior units are fine and so is simply getting the central AC unit back to working, and they look fine from the outside. The real battle here is that the residents don’t want to spend the money and don’t give a darn about aesthetics. You can also put a blue tarp over the hole in your roof, which is cheaper than getting your roof fixed. And you can tape a black trash bag over your broken car window. This writer is a real idiot.

Desert Sun: Dozens move into unsafe Oasis Mobile Home Park despite county's efforts to relocate residents

Preview:

In a sign of how dire the Coachella Valley’s affordable housing shortage is, new residents are continuing to stream into an east valley mobile home park with tainted drinking water and myriad other health and safety issues, and county officials have been unable to stop them from moving in. 

County officials have spent the past few years working to relocate residents from Oasis Mobile Home Park in Thermal, utilizing a $30 million grant of state funding secured in the state budget by Assemblymember Eduardo Garcia in 2021. But officials have struggled to quell the issue of new residents moving in, creating a cycle of new families moving into...

Read More

Our thoughts on this story:

I think this article pretty much sums up the new American concept that “people are too dumb to make their own decisions so the government must do it for them”. The park costs $600 per month in rent and the local 2-bedroom apartments are $2,000 per month. The average tenant makes $20,000 per year. So they obviously can’t afford anything but the mobile home park. And the danger in living there is arsenic in the water, which they clearly navigate around with bottled water. Meanwhile, the government wants them to relocate to $2,000 per month apartments (which is more than their gross income) but have safe drinking water. It’s kind of like the Covid-19 shot that, when Americans decided they were healthy and didn’t need it, were then forced to get it by a government mandate.

Another reminder of Ronald Reagan’s famous quote “the nine scariest words in the English language are “I’m from the government and I’m here to help”.

KUNC: A decade after floods, Lyons mobile home residents haven’t found their way home

Preview:

The rain fell hard on Lyons, Colorado. In September 2013, it poured for days, soaking the foothills and filling the creeks and streams.

Bonnie Newman wasn’t worried, even though her mobile home was next to the rushing water of St. Vrain Creek. A meteorologist friend told her things would be okay, and nobody had told her to evacuate. But after days of rain, sometime after 1 a.m., something changed.

“Suddenly there was water,” Newman said. “Lots of water. It was a current of water, and it was right through my yard.”

Fire trucks pulled into the aptly-named Riverbend mobile home park, sirens blaring. Over a loudspeaker, a voice told everyone...

Read More

Our thoughts on this story:

When FEMA gave this person $31,000 they should have immediately moved to a more affordable city and not kept beating their head against a wall of impossibly expensive housing (median home price of $800,000). I am forever bewildered by these cases of people who earn next to nothing trying to live in markets that are insanely expensive. “Move to the Midwest and have a good quality of life” is my opinion on this article.

The Daily Record: Lawsuit claims mobile home park managers conspired to fix and inflate lot rental prices

Preview:

CHICAGO (AP) — A lawsuit seeking class-action status accuses nine mobile home community management companies and a mobile home market data provider of conspiring to fix and inflate lot rental prices at more than 150 locations across the U.S.

The lawsuit filed last week in federal court in Chicago claims the management companies bought up mobile home parks and used “competitively sensitive market data” provided by Grand Rapids, Michigan-based Datacomp Appraisal Systems Inc. to exchange pricing information and conspire to raise rents.

“In the face of these significant manufactured home lot rent increases, some manufactured home residents...

Read More

Our thoughts on this story:

The more I read about this lawsuit, the more I’m confused. Apparently tha plaintiffs are claiming that the park ownersused “competitively sensitive market data” provided by Grand Rapids, Michigan-based Datacomp Appraisal Systems Inc. to exchange pricing information and conspire to raise rents”. Every industry group in the U.S. does continual market comp studies to see where they fit into the spectrum of rents and prices including every office, retail, lodging, self-storage and apartment group, right? “Price fixing” is defined as ”competitors that agree to set their prices at the same level”. Simply gathering market information does not seem to fit that profile. Not sure that any judge or jury would disagree.

Their other contention is that “Manufactured home lot rental prices were blatantly inflated at a staggering rate of 9.1% per year between 2019 and 2021.” If you simply go to Google and enter the words “apartment annual percentage of rent increases since 2019” the computer says the following:“Apartment rent growth averaged 11% per year during the rapid inflationary period of 2021 – 2022”. And that does not even count the same response if you enter in ”gasoline prices” which went up a cumulative 45% during that period and “single-family home prices” which went up a cumulative 32%. Once again, makes no sense.

As a result, I must be too stupid to understand this case. Does anyone?

Grist: Mobile homes could be a climate solution. So why don’t they get more respect?

Preview:

About 22 million Americans live in mobile homes or manufactured housing, according to the U.S. Census Bureau, and as the housing crisis continues to worsen in places like Arizona, California, and New York, that number could go up.

But for some, mobile homes conjure up an image of rusting metal units in weed-choked lots, an unfair stereotype that has real consequences — advocates argue that mobile homes are not only a housing fix but could also help with the climate crisis.

According to Andrew Rumbach, a senior fellow at the Urban Institute, mobile homes are a good solution with a bad reputation. 

It’s unfair, he said, because the...

Read More

Our thoughts on this story:

After the flooding disaster in Vermont recently the government admitted that FEMA has only mapped out roughly 30% of the U.S. for flood exposure and that most of the maps are 15 years out of date. So who can possibly make this claim: “Mobile home parks are disproportionately located in parts of landscapes that are vulnerable to climate risks. So they’re disproportionately located in floodplains. They’re disproportionately located in places that are exposed to extreme heat. …They’re also disproportionately located in places that are close to other environmental harms.” 

The answer is apparently only this woke writer who apparently knows more than FEMA does. I hope he shares his voluminous research with all of us.

Axios Miami: Miami votes to pilot a unique model for affordable housing

Preview:

The Miami-Dade County commission voted to establish a pilot community land trust (CLT) program last week with the goal of creating 50 units of affordable housing.

Why it matters: A CLT is a unique model of real estate that can help keep homes affordable for generations.

  • Miami is the least affordable metro in the U.S. The median list price for a home was $605,000 as of August, according to RealtyHop.
  • The county has a shortage of 135,000 affordable units for renter households earning half of the area's median income or less, Miami New Times reported.

How it works: In a typical CLT, a nonprofit acquires a piece of land through various...

Read More

Our thoughts on this story:

I’m not sure what to think about this new concept in which the non-profit owns the housing unit and the “homeowner” can’t sell it except at the price the non-profit demands to someone the non-profit chooses. Isn’t that really just a rental agreement disguised as a mortgage? If you take the ability to create wealth out of home ownership then you’re really ruining that person’s future well-being, right? One more case of groups that think they need to control lives because they believe that humans are naturally stupid.

Oxford Observer: Council sinks affordable housing plan to save park

Preview:

Oxford City Council voted down two ordinances that would have paved the way for an affordable housing development in Merry Day Park off College Corner Pike. 

By a vote of 2-5, council declined to change the designation of the 4.7-acre park from “preserves and greenspace” to “employment corridor” in Oxford’s comprehensive plan. 

Following this vote, council unanimously voted against amending the zoning map for that area. The Oxford Planning Commission recommended against both measures.

“Kids don’t have a place to go, there are no other parks,” said Angela Jones Wright, who lives in the nearby mobile home park. “If they don’t have an outlet...

Read More

Our thoughts on this story:

This is one of those strange cases where the word “park” has two meanings. The land in question is a city park that mostly serves the neighboring trailer park.