“Anything you can get in a (multi-million-dollar) Toll Brothers or KB Home, you can get with a manufactured home,” built as well, faster and for less. – Todd Su, President Advantage Homes (See LifeStyles of the Rich and Frugal) When it comes to “California Dreaming,” most thoughts instantly go to sunshine, the beach, Hollywood, and pricey mansions. Even so, it …
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Sabino “Pio” Renteria has lived in District 3 all his life, says Austin’s MyStatesman. Renteria’s visit to a local manufactured home community has turned into a proposed ordinance that could seriously affect communities, their owners and residents throughout the city. According to KUT, Renteria was shocked by what he saw. “When I went down there I said, ‘my goodness, there’s no …
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“I suspect that manufactured housing will finally become more cost-effective and will be prevalent in urban and suburban communities.” – Richard Gerwitz, Citi Community Capital “I’m struck by some of the inventiveness in the single-family home environment–like tiny houses and new forms of modular housing,” – Jana Cohen Barbe, Dentons “Manufactured homes, as America’s most affordable housing, can, should and …
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New Federal regulations, enacted in the wake of the subprime mortgage crisis, are playing a key role in establishing a class of lifetime renters — all in the name of consumer protection. By Jan Hollingsworth for MHLivingNews.com The old man walked into the dealership in rural Kentucky with solid credit and the air of someone who knew exactly what he …
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Here’s a riddle for you. Why would a federal agency and a nonprofit think tank, both dedicated to consumer protection, choose to pursue a course that is diametrically opposed to their mutual mission? The Center for Enterprise Development (CFED) and the Consumer Financial Protection Bureau (CFPB) have staunchly supported manufactured housing as an important component of affordable housing for low- …
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We’ve asked the question before. Who knows today’s manufactured housing the best? The answer should be obvious. Those who own, build and inspect contemporary factory-crafted homes. In this video, we bring you the following personalities. Von Washington, who’s work was warmly praised by President Obama, talking about modern manufactured homes. Sam Landy, President and CEO of UMH Properties, one of …
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Financing is often at the heart of any deal involving a major purchase. Manufactured home sales follows that patten, with some two out of three new homes being sold involving lending. In an exclusive video interview for Inside MH, Sam Landy spoke with us about the upcoming Senate Banking Committee hearing, Dodd-Frank and the Preserving Access to Manufactured Housing Act …
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At the recent Louisville Manufactured Housing Show, we had the opportunity to sit down with a number of professionals from the manufactured home industry from across the country. We talked to giants in the MHIndustry, like Jim Clayton. We chatted with successful independent builders, like Wally Comer and Rich Rice from Adventure Homes, or Terry Decio from historic Skyline Homes. …
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36 miles south of Pittsburgh and 55 miles east of Wheeling, OH on I70 is picturesque Belle Vernon, PA. This rural area in Western Pennsylvania may seem like an unusual place to open a new, regional manufactured home retail center. But as executives at rising star UMH Properties know, this is one of the places in the U.S. where the …
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Millions of conventional site built houses are still underwater, according to recent reports by RealtyTrac, Bloomberg and the S&P/Case-Shiller index. As the recovery of depressed prices from the housing/mortgage bubble have slowed recently, leaving millions of Americans in homes that are “underwater” on their loans. An “underwater” mortgage is defined as a real estate home with a loan that is …
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“Pencil head, its not a trailer park.” So said Equity Lifestyle Properties (ELS) Chairman and real estate legend Sam Zell to a packed auditorium of manufactured housing professionals, as Zell described previous comments he’s made to potential investors. But “its not a trailer park” isn’t the impression you’d get about proper manufactured home terminology from reading “The Cold Hard Lessons …
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If a picture is worth a thousand words, so too can a poster speak volumes with the right photo and a few select words. The first poster includes a quote from Warren Buffett, who has invested billions in manufactured housing. When Buffett speaks, investors, public officials and millions listen. The next poster includes a quote from Sam Zell, founder of …
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