Preview:
In March of 2024, when the Lakeway Estates manufactured home community in Bellingham was purchased by HavenPark Communities, a subsidiary of a private equity firm, a resident told The Bellingham Herald that nobody there planned to complain until there was “good reason.” Now, more than a year after the $41 million sale, the senior residents say many of them are being priced out of the park due to hefty increases in lot rent. “We live here. This is our home. They don’t care that we are people, that we live in this park. To them, we are an investment,” said one resident. The Herald spoke with five longtime residents of the park who requested...
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Maybe the idiot bureaucrats of Washington state should have thought this whole “rent control” thing through a little bit more before they blundered into it. Most mobile home park owners try to keep their annual rent increases to single-digit levels, even though market rents would allow for 50% in some cases. But when a state decides to “stick it” to landlords with rent control, the landlords have no choice but to return the favor to protect their investment. If Washington bureaucrats had simply not adopted what has proven to be the dumbest woke initiative since “defund the police” then the rents would have remained lower. But they chose this idiotic course and now they are guaranteed to have zero housing investment and massive numbers of parks redeveloped into other uses that do not have restricted rents.
In summary, Washington state politicians made a tremendous blunder and they will soon face the consequences. Just watch.

