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Arrested! Attorney General Files Charges on Manufactured and Modular Home Retailer, Police Arrest Suspect

February 20th, 2019 No comments

 

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In a press release to the Daily Business News on MHProNews, is the following from the New York State Attorney General’s (NY AG) office.

 

The release contains the details of the suspect arrested and charged with swindling over a $1 million dollars from would-be buyers of factory-built homes.  The NY AG’s release will be followed by additional, related news, an ABC affiliate’s video, plus some commentary and links to related issues.

 

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Attorney General James And NYS Police Announce Arrest Of Upstate Resident For Scheme To Defraud Over 40 Homebuyers

Sherrie A. Burton, Owner of Valued Homes, Charged With Stealing Over $1 Million from Buyers of Modular and Manufactured Homes throughout Upstate New York  

UPSTATE NEW YORK – Attorney General Letitia James and State Police Acting Superintendent Keith Corlett announced today the arrest of Sherrie A. Burton for defrauding homebuyers throughout Upstate New York of over $1 million. The defendant was arraigned today on a 9-count felony complaint including charges of Grand Larceny in the Second and Third Degrees and Scheme to Defraud in the First Degree. A joint investigation by the Attorney General’s Criminal Enforcement and Financial Crimes Bureau and the New York State Police revealed that Burton allegedly used her businesses, Valued Manufactured Housing, Inc. (“VMH”) and Valued Homes (“VH”) to fraudulently solicit deposits, down payments, and even full cash payments from unsuspecting customers of modular and manufactured homes. She then allegedly used the money for personal expenses and to further her ongoing scheme.   

“We will never tolerate any fraudulent behavior that takes advantage of hardworking New Yorkers,” said Attorney General Letitia James. “Instead of fulfilling the dream of homeownership, Ms. Burton allegedly defrauded homebuyers and used their savings for her personal expenses and gains. My office will continue to aggressively investigate and prosecute anyone who engages in activities that harm our residents.” 

“I applaud the work performed on this case by the New York State Attorney General’s office and our State Police Investigators,” said Acting New York State Police Superintendent Keith M. Corlett. “This individual perpetuated a devious scheme to defraud hardworking New Yorkers out of thousands of dollars for her own gain. Because of the strong collaboration among law enforcement, we were able to expose this fraud. The State Police will continue to work with our law enforcement partners to end these types of fraudulent practices and hold accountable those who prey on innocent people.” 

According to the felony complaint and statements by the prosecution in court, between at least March 2015 and July 2018, the defendant operated VMH and VH in South Glens Falls, Saratoga County, which offered to sell homebuyers newly built manufactured and modular homes. Manufactured homes are factory-built houses engineered and constructed to the specifications of the U.S. Department of Housing and Urban Development’s federal building code, while modular homes are factory-built homes that are built to state building standards. Both manufactured and modular homes are transported on a carrier and permanently set on a foundation.   

Prosecutors allege that Burton falsely represented to customers that they needed to put a substantial deposit in order for the manufacturer to begin construction of their new home, while in reality the manufacturers did not require such a deposit.  Burton then allegedly diverted the deposits for her own use, instead of using them towards the purchase of the victims’ homes.  In other multiple instances, Burton allegedly used the deposits to pay her own personal expenses, including purchases at Zynga Games, Amazon.com and the Home Shopping Network, expenditures at Turning Stone Resort and Casino, payments for hotels, groceries, gas and alcohol, credit card payments, and cash withdrawals. In other instances, Burton allegedly used deposits from new victims to further her ongoing scheme by paying manufacturers for homes she had promised to prior customers months before. 

Also according to prosecutors, Burton obtained financing to purchase floor plan or display models, yet sold them as new models to many customers, leaving the victims without legal title to the home and the lenders believing the homes were still on display at her showroom.   

In one instance, a victim received a home from Burton but could not obtain title allowing her to insure or borrow against the home for over a year. In another instance, a victim provided a deposit of $8,000 to Burton, who never remitted the money to the manufacturer, and the victim therefore had to obtain a mortgage for the full price of the home — essentially paying the deposit twice. Many customers who paid Burton never received a home, and never got a refund of their money. 

Burton was charged in the Attorney General’s felony complaint, filed today in Saratoga County,  with three counts of Grand Larceny in the Second Degree, a class C felony, five counts of Grand Larceny in the Third Degree, a class D felony, and one count of Scheme to Defraud in the First Degree, a class E felony. 

The Attorney General’s investigation is ongoing. According to the prosecution, the investigation has thus far uncovered over 40 victims of Burton’s scheme in and around Upstate New York, who were allegedly defrauded out of over $1 million.   

Burton, 64, was arraigned today in Town of Moreau Justice Court before the Honorable Jeffrey B. McCabe. Bail was set in the amount of $75,000 cash or $150,000 bond. 

If convicted of all counts, Burton faces up to 10 to 20 years in state prison. The charges against the defendant are allegations and the defendant is presumed innocent unless and until proven guilty.    

The criminal investigation commenced after multiple victims filed complaints with the Attorney General’s Consumer Protection Bureau. To protect yourself from becoming a victim of a home or property sale scam, Attorney General James offered the following tips: 

  • Before contracting for a large purchase, DO YOUR HOMEWORK:
  • Ask for references and call them.
  • Research online for complaints:
  • Check the better Business Bureau website and review the basis for their rating, including the complaint summaries, which are usually available online.  If you see anything that gives you pause, take your business elsewhere.
  • Be wary of providing a large deposit upfront.  Remember, if the business fails, you will likely not get your deposit back.
  • If you give a deposit that is supposed to be used for a specific purpose, demand proof that it has been applied to that purpose.
  • Review any contract carefully before signing it and keep a copy for your records. You will be bound by the contract terms — any oral representations made are unenforceable.
  • If you believe you have been scammed as part of a home or property sale, submit a complaint to the New York State Attorney General’s Office: https://ag.ny.gov/consumer-frauds/Filing-a-Consumer-Complaint

 

Attorney General James thanks the New York State Police Bureau of Criminal Investigations and Financial Crimes Unit for their valuable assistance on this investigation.  

Consumer complaints were handled by Assistant Attorneys General Amy Schallop and Emily Auletta of the Attorney General’s Consumer Frauds and Protection Bureau, under the supervision of Deputy Bureau Chief Laura J. Levine and Bureau Chief Jane Azia. 

The criminal case is being prosecuted by Assistant Attorney General Philip V. Apruzzese and Special Counsel Benjamin S. Clark of the Attorney General’s Criminal Enforcement and Financial Crimes Bureau, with the assistance of Legal Support Analysts Kira M. Russom, Rebecca Jacobson, and Supervising Analyst Paul Strocko. The Bureau is led by Bureau Chief Stephanie Swenton and Deputy Bureau Chief Joseph D’Arrigo. The Criminal Division is led by Chief Deputy Attorney General José Maldonado. 

The OAG investigation was conducted by Investigator Samuel Scotellaro, III, under the supervision of Supervising Investigator Mark Spencer and Deputy Bureau Chief Antoine Karam. The Investigations Bureau is led by Chief John Reidy.  

— end of NY AG’s Press Release —

 

 

Local Media

With but one factual error, that the news source themselves then clarified/corrected, the Daily Gazette made some useful additional points to the above.

Also, prosecutors allege, Burton would obtain financing to buy floor plan or display homes and sell them as new. This left victims without legal title to the home and left lenders believing the homes were still on display at her business.” Those display models, if they were purchased new, are new in the eyes of the law.  But the practice described is known in the industry as ‘Sold out of Trust’ or sometimes as SoT for short.

The following is also from the Daily Gazette, and lays out some insightful background.

The Better Business Bureau revoked its accreditation of Valued Manufactured Housing on Nov. 15, 2018, for not making a good-faith effort to resolve the disputes. 

The BBB website shows 10 of these complaints, some with responses. 

On Jan. 17, 2017, “Bruce and Sherrie” gave a lengthy explanation for the situation that led to a complaint and a promise to resolve the matter. 

On Aug. 30, 2018, in the same response to multiple complaints, the unidentified writer states that she is distraught at her own incompetence; that the family business is shut down after 26 years; that her son Jeremy and her husband were integral to the business and had both died; and that she’d made arrangements with a builder so that customers would get their homes and not lose their money.

An obituary published in his native Utica indicates Bruce Burton died Feb. 12, 2017, and that he was predeceased by his son Jeremy.”

 

There are several takeaways from this incident.  In no particular order of importance:

  • The New York State AG’s tips to home seekers are relevant, but it clearly should apply to all housing being sold or leased, not just factory-built homes. For example, scams on Craigslist or elsewhere involving conventional housing are legion.
  • The NY AG has previously brought to heel manufactured home community operators who were doing ‘contract for title’ or ‘rent to own’ a.k.a. ‘lease to own’ purchases, which are arguably errantly are still promoted and taught by George F. (F?) Allen, Spencer Roane, and their SECO colleagues. An MHI affiliated member attorney has told MHProNews that given the current state of federal law, he believes that the days of so-called Lonnie Deals are over, and that all such ‘rent or lease to own’ plans are illegal, because they are ‘disguised credit transactions.’ So industry professionals should approach with skepticism those who advocate such methods.
  • Once a given state begins to target an industry, it is not uncommon for other states to follow suit. Manufactured housing post-production associations are in some cases apparently failing to advise their members of the risks involving some practices. Indeed, the Midwest Manufactured Housing Federation (MMHF), and others have to some degree promoted Allen, Roane, and SECO, when they are advocating and engaging in practices that are risky to industry professionals, and purportedly are harmful to any number of consumers, like those reported here.

While it may not seem related at first blush, the second half of the article linked below very much relates to some of the issues bulleted above.  You can access the following, or other articles below the byline and disclosures, by clicking on the linked text/image box.

 

Do Looming Shareholders Suits Against Cavco Industries Foreshadow Problems for More Manufactured Home Industry Publicly Traded Firms?

 

Hungry! But Don’t Go The Wrong Way

The vast majority of the manufactured home industry’s independents and other professionals are looking to earn money honestly.  They are often hungry for knowledge. They want authentic education.  But in many cases, they clearly do not know which way to turn.  When an association or trade group gives tacit or active support to those who teach problematic behaviors, is the association opening themselves up to possible liability?  We have legal sources that say, yes.

Furthermore, a good trade group ought to condemn any bad behavior, while offering examples of the opposite.

In practical terms, this incident and the others like it are another wake up call to the industry’s ethical independents to organize on educational, lobbying, and communications. There is an affordable housing crisis.  There are many options for selling more homes in an authentic, sustainable and legitimate ways that could lead to record sales.

That can be done by individual businesses, or by some teaming up and working in concert. To learn more, click here and scroll through the options.

 

The Legal Process Grinds Slowly

There are reasons to believe that several large industry firms are under various federal investigations.  So when an individual retailer gets arrested and charged, one should not forget that this is a reminder that larger operations could face similar legal woes in the days ahead.  See more in the related reports, below the byline and disclosures.

 

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While the Manufactured Housing Institute (MHI) holds their winter fund-raiser – err, the MHI Winter Meeting – in Austin, TX, welcome to the ongoing drama that is buffeting MHVille in 2019. “We Provide, You Decide.” © ## (News, analysis, and commentary.)

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Do Looming Shareholders Suits Against Cavco Industries Foreshadow Problems for More Manufactured Home Industry Publicly Traded Firms?

February 20th, 2019 No comments

 

DoLoomingShareholdersSuitsAgainstCavcoIndustriesForeshadowWoesForMoreManufacturedHOmeIndustryPublicFirms

The headline question, according to a manufactured home industry attorney familiar with the issues, says what attorneys often do. “It depends.”

 

Under the headline, “RM LAW Announces Class Action Lawsuit Against Cavco Industries, Inc.” one reads the following.

RM LAW, P.C. is a national shareholder litigation firm.  RM LAW, P.C. is devoted to protecting the interests of individual and institutional investors in shareholder actions in state and federal courts nationwide,” said part of a February 6, 2019 press release to the Daily Business News on MHProNews.

There is a growing number of such shareholders law firms circling Cavco Industries (NASDAQ:CVCO).

But does the risk to industry operations stop there?

To tee up this nuanced topic, let’s first note as a disclosure that we are not attorneys. The Daily Business News on MHProNews aren’t giving legal advice to current or potential members of the Manufactured Housing Institute (MHI).

But we do get input from attorneys and legal sources, before we tackle tricky topics, such as this one, that can spell perhaps unanticipated risk to Cavco Industries (CVCO) and others.

We editorially believe there is value to warning the industry’s professionals about possibly looming threats. It is worth noting that it’s connections to Arlington, VA based MHI that arguably spells the risk.  Why MHI?  That will become clear, below. So, with those disclaimers noted, let’s dive in.

Next, let’s look at what Angela Gonzales of the Phoenix Business Journal said in a recent report on legal fees and increasing insurance by Cavco to cover the growing risks of litigation.  Gonzales’ narrative are found between the —- lines below

—–

SEC investigation spurs Phoenix homebuilder to pay $15.3M for directors, officers insurance

Ongoing investigation cost company more than $1M in legal expenses during recent quarter

·         Homebuilder experiences softening in home order rates beyond typical seasonal slowdown usually expected during winter months.

 

In the midst of a U.S. Securities and Exchange Commission investigation, Phoenix-based Cavco Industries Inc. has paid $15.3 million for extra directors and officers liability insurance coverage.

·         While company officials of the manufactured homes producer won’t say exactly how much that policy will cover, they did say the extra coverage will be needed in light of the ongoing independent investigation, which cost the company $1.3 million in legal and other expenses during the third fiscal quarter ended Dec. 29, 2018.

·         Since receiving an SEC subpoena in November, company officials said they have cooperated with the SEC’s investigation into the trading of stock of another public company. At the time, Joseph Stegmayer stepped down as chairman, president and CEO after an internal investigation found he violated company policy related to securities trading activity.

·         Daniel Urness, who served as Cavco’s executive vice president and chief financial officer since 2015, stepped up to serve as president and acting CEO.

·         In a Feb. 5 earnings call with analysts, Urness said the company received an additional document subpoena request from the SEC related to the original securities trading activities.

·         “We are fully cooperating with the SEC and work to resolve this matter,” Urness told analysts.

·         After reviewing directors and officers liability coverage, Urness said it was determined that additional coverage was prudent.

·         “We recognize it’s costly,” he told analysts. “Clearly, this is because it does cover certain risks associated with the SEC issue.”

·         For the three months ended Dec. 29, Cavco reported $13.4 million in net income on $233.7 million in net revenue, down from $21.4 million in net income on $$221.4 million in net revenue during the same period in 2017, according to filings with the SEC.

·         However, net income was up to $48.7 million on $721.6 million for the nine months ended Dec. 29, from $39.4 million on $628.7 million in net revenue during the first nine months of 2017.

—–

Now, circle back to a prior report on Cavco, and see part of their latest public disclosure.  Here’s what the Motley Fool said was the official transcript from their most recent results call, starting with Cavco’s Mark Fusler’s comments.

“Mark Fusler — Director of Financial Reporting

Thank you. And before we begin, please be advised that comments made during this conference call by management will contain forward-looking statements under the provisions of the Private Securities Litigation Reform Act of 1995, including statements of expectations or assumptions about Cavco’s financial and operational performance, revenues, earnings per share, cash flow or use, cost savings and operational efficiencies. 

Some factors that may affect the company’s results include, but are not limited to the risk of litigation or regulatory action arising from the subpoenas we received from the SEC, the risk of potential litigation or regulatory action arising from the SEC related internal investigation and its findings, potential reputational damage that Cavco may suffer as a result of matters under investigation, adverse industry condition, our involvement in vertically integrated lines of business, including manufactured housing, consumer finance, commercial finance and insurance, market forces and housing demand fluctuations, our business and operations being concentrated in certain geographical region, the loss of any of our executive officers, federal government shutdown, and extensive regulation affecting manufactured housing…”

Those disclosures by Cavco are meant in part to comply with transparency requirements, but also to reduce their risk of potential litigation.

 

The Risk of Litigation, and MHI Member Companies

Facts are what they are.  It only requires some surfing of this site to recognize this next fact.

Well in advance of the numerous pending Cavco suits, MHProNews was alone among industry publishers signaling risks associated with MHI connected firms.

With Cavco’s aim of reducing the risk of litigation in mind, let’s go to some specific pull quotes from their statements, above. You’ll begin to see why the facts about MHVille that outsiders are routinely unaware of could spell even more risk for that Phoenix, AZ based firm or others, as we work through Cavco’s (CVCO) own list.

  • potential litigation or regulatory action arising from the SEC related internal investigation and its findings,” – a contact at the SEC would not continue or deny to MHProNews that they were researching possible market collusion or antitrust related issues with respect to Cavco and Stegmayer.
  • potential reputational damage that Cavco may suffer as a result of matters under investigation…” – Where is there a disclaimer about risks that may come as a result of association with the Manufactured Housing Institute (MHI)? Or that Joe Stegmayer is still the Chairman of MHI, and is reportedly saying things that would normally be the kind of statements made by a president, not the lesser role he is officially holding? More on that later purported risk is further below.
  • adverse industry condition,” – Given that Joe Stegmayer is MHI’s Chair, and MHI claims to ‘represent all segments of factory-built housing,’ how much risk is tied to those details? Is MHI truly doing their jobs well? If not, why not? There are legal sources that note that while not commonplace, perhaps, there is nevertheless examples of trade groups getting sucked into antitrust and other legal imbroglios.
  • our involvement in vertically integrated lines of business…” – if vertical integration is a risk, why isn’t it also risk to be working with potentially vulnerable independents? Which are more vulnerable, independents or vertically owned businesses units? Where is that disclaimer?
  • market forces and housing demand fluctuations…” – while technically accurate, this begs the question that the Urban Institute and others asked but arguably failed to properly answer. Why are so few manufactured homes being sold during an affordable housing crisis? Given that Cavco’s Stegmayer remains MHI’s Chairman, does that increase their exposure? How can he and his firm – or others in MHI – escape the notion that the industry is underperforming, and that they are in some measure to blame? See the comments from the MHI rival Manufactured Housing Association for Regulatory Reform (MHARR), linked further below.
  • the loss of any of our executive officers, federal government shutdown, and extensive regulation affecting manufactured housing…” – this last one is precisely an eyebrow raising case of chasing a gnat that had near zero risk in the first place, yet was inexplicably raised by MHI EVP Lesli Gooch. Why would Stegmayer presumably okay a statement by Gooch, that had been on no ones radar before, and with good reasons not to make something out of nothing? To better understand that, please see the linked report via the text/image box below.

 

Wall Street, Lesli Gooch – Manufactured Housing Institute EVP – Penetrating Scotsman Guide Interview Analysis

 

Could Other MHI Member Companies Could be Facing Risks?

Cavco, in a recently updated IR document, corrected an estimated figure that MHI has not yet corrected. Relevant data and facts are part of how investors make decisions. Perhaps sparked by periodic MHProNews reports on that topic of inaccuracies voiced by MHI, Cavco apparently reacted. If Cavco corrected an inaccurate data-point, why not MHI? When investors or prospective investors are told that the data comes from MHI – which is credibly accused of botching or misleading facts, figures, and more – does that create liabilities?

 

Absent sufficient disclosures, it might, say legal minds.

 

A Secret Society…?

MHI members who sit on a division board have voiced concerns with MHProNews that it is run like a “secret society,” with a select few ‘in the Know,’ and all others kept at arms length.

The pushback by Jeff Bezos vs. the National Enquirer opens a door that MHIndustry pros should ponder.  If Bezos says that their purported threat amounted to illegal extortion – how much more does that fear-based threat that stories like the one below inspires in MHVille?  These are wrinkles that industry outsiders are unlikely to grasp without sufficient research.

 

“Mobile Home Militia,” Retail/Production Sources, Sound Alarm Against Clayton Homes, CMH, New “Anti-Competitive Practices” Allegation

 

Note that these and other concerns are connected with MHI insiders.

 

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Outsiders looking in may not fully grasp the bold and nuanced issues that impact the industry, and thus publicly traded firms too. Few if any MHI members are arguably giving the proper disclosures to their current or potential shareholders.

 

So, there are several reasons to be concerned that MHI staff – presumably under the board of directors tacit or active approval – has behaved in ways contrary to the interests of the majority of the industry.

If so, and member firms that are publicly traded aren’t disclosing those concerns, isn’t that far greater risk than running out of HUD labels caused by a partial federal shutdown that is now  nowhere on the horizon?

There is arguably no way that the shareholders plaintiffs attorneys circling Cavco could fully grasp the full story without expert insights. The fact that some of those lawfirms circling Cavco have been in touch with our publisher, and/or have signed up for our emailed news updates, reflects the growing reality that the truth about MHVille is coming out in stages. That’s both risk and opportunity in disguise, for those willing to connect the dots

MHProNews plans a related report and will monitor this developing case at the Akron Mobile Home Park in Akron, NY. While the Manufactured Housing Institute holds their winter fund-raiser -err, winter meeting – in Austin, TX, welcome to the ongoing drama that is buffeting MHVille in 2019. “We Provide, You Decide.” © ## (News, analysis, and commentary.)

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“…Results have been Catastrophic.” Official Text-POTUS Trump on Socialism Speech + FLOTUS Melania Video, Plus Manufactured Housing Stock Updates

February 19th, 2019 No comments

CNNmone2.19.2019ManufacturedHomeStocksMarketsReportsMHProNewsThe Daily Business News on MHProNews recently referenced the Sam Zell quote, “If Everyone is Going Left, Look Right.” Paul Harvey, on his famous radio show, might have said this about “the rest of the story.”  A prior version of that quote by Zell had left and right reversed. Sometimes, we utter or do something, think about it, and come up with a better way of expressing it. That’s a nice pairing with what follows from President Trump, who is continuing and building on a theme from his State of the Union address, when he pledged that America would never be a socialist country.  That Miami speech and companion videos will be our focus for this evening’s market report.

 

If you’re new, already hooked on our new spotlight feature – or are ready to get the MH professional fever – our headline report is found further belowafter the newsmaker bullets and major indexes closing tickers.

 

The evolving Daily Business News market report sets the manufactured home industry’s stocks in the broader context of the overall markets.  Headlines – at home and abroad – often move the markets.  So, this is an example of “News through the lens of manufactured homes, and factory-built housing.” ©

Part of this unique evening feature provides headlines – from both sides of the left-right media divide – which saves busy readers time, while underscoring topics that may be moving investors, which in turn move the markets.

Readers say this is also a useful quick-review tool that saves researchers time in getting a handle of the manufactured housing industry, through the lens of publicly-traded stocks connected with the manufactured home industry.

This is an exclusive evening or nightly example of MH “Industry News, Tips and Views, Pros Can Use.” © It is fascinating to see just how similar, and different, these two lists of headlines can be.

Want to know more about the left-right media divide from third party research?  ICYMI – for those not familiar with the “Full Measure,” ‘left-center-right’ media chart, please click here.

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Full Measure’s Sharyl Attiksson’s media bias chart is useful in sorting out the agendas behind various headlines and news sources. 

 

Select bullets from CNN Money…

 

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  • Virgin Galactic to make second key test flight to space
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  • Honda is closing its only British factory, wiping out 3,500 jobs
  • 60% of UK trade is still exposed to a Brexit shock
  • Brexit could create costly border delays
  • Why Brexit scares Airbus and BMW: Lines of trucks at the EU border
  • Siemens CEO on Brexit: Nobody invests into uncertainty

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  • Stocks edge up as US-China trade talks resume
  • Venezuela’s Maduro threatened by Cuba: Mary Anastasia O’Grady
  • Tesla’s Elon Musk: Full self-driving technology nearly complete
  • Manny Machado’s $300M Padres contract is 2nd largest in MLB history
  • Trump on Venezuela: Days of socialism are numbered (What’s at stake)
  • When you embrace a socialist system, you are giving up your own rights as an individual.
  • Middle-class incomes are rising at a massive rate in these 10 cities
  • Kennedy: Things are about to get ugly in Texas over the wall
  • American states with cheapest, priciest utility bills
  • Oscars: Best picture nominees and what they made
  • The biggest sports contracts in historyNewark makes HQ2 pitch to Amazon after collapse of NYC deal
  • Venezuelan opposition leader Juan Guaidó joins FBN’s Trish Regan: EXCLUSIVE
  • As Bernie Sanders launches 2020 campaign, here’s a look at his economic policies
  • Nature’s Path Foods recalling 400,000 boxes of gluten-free cereal
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  • Ford to end some truck production in South America
  • How to protect yourself from skimming at the gas pump
  • Cybersecurity stocks: An in-depth look with FBN’s Charles Payne

Today’s markets and stocks, at the closing bell…

9MarketIndicatorsYahooFinance2.19.2019DailyBusinessNeawsManufacturedHousingIndustryStocksMarketsReportsDataMHProNews

 

Today’s Big Movers

For all the scores and highlights on tracked manufactured home connected stocks today, see thBloomberg graphic, posted below.

Today’s MH Market Spotlight Report –

 

ResulsHaveBeenCatastrophicPOTUSTrumpNeverSocialismSpeechMiamiaVenezulaAmericanMiamiFLDailyBusinessNewsMHproNews

Before diving into the full, official text from the White House press room on President of the United States (POTUS) Donald J. Trump’s speech to the Venezuelan American community in Miami, the 108 second – under 2 minutes – video clip from CBS News captures some of the key points. Said CBS, “President Trump vowed support for Venezuela’s opposition leader and slammed the socialist regime of Nicolas Maduro for leading the country into ruin.”

 


Then, consider what First Lady of the United States (FLOTUS) Melania Trump said to the attentive crowd.

 

 

Finally, there is the full official text of the speech to the Venezuelan Americans Monday in Miami, courtesy of the White House.

 

WhiteHouseMediaNewsReleaseDailyBusinessNewsMHProNews

Remarks by President Trump to the Venezuelan American Community

 

Florida International University Ocean Bank Convocation Center

Miami, Florida

4:47 P.M. EST

MRS. TRUMP:  Thank you.  (Applause.)  It is wonderful to be here today in the beautiful city of Miami.  (Applause.)  The President and I are honored to stand with all of you as we together support the people — great people — of Venezuela.  (Applause.)

I’m proud to be here with you in the United States of America as your First Lady.  (Applause.)  Many of you in the room know what it feels like to be blessed with freedom after living under the oppression of socialism and communism.  (Applause.)  In Venezuela, the people are on the brink of reclaiming their own liberty.

Today, we must let the Venezuelan people hear us all with one united voice.  There is hope, we are free, and we pray together loudly and proudly that soon the people of Venezuela will be free as well.  (Applause.)

My husband is here today because he cares deeply about the current suffering in Venezuela.  This afternoon, he has an important message to share.

Ladies and gentlemen, it is now my pleasure to introduce my husband and the President of the United States, Donald J. Trump.  (Applause.)

 

THE PRESIDENT:  Thank you very much, Melania.  America is truly blessed to have such a — an extraordinary — right? Extraordinary First Lady.  (Applause.)  She’s extraordinary.  She really is.  She cares about people.

Hello, Miami.  I am thrilled to be back in the state I love with so many proud, freedom-loving patriots.  We’re here to proclaim a new day is coming in Latin America.  (Applause.)  It’s coming.

In Venezuela and across the Western Hemisphere, socialism is dying, and liberty, prosperity, and democracy are being reborn.  (Applause.)

Today, our hearts are filled with hope because of the determination of millions of everyday Venezuelans, the patriotism of the Venezuelan National Assembly, and the incredible courage of Interim President Juan Guaidó.  (Applause.)

The people of Venezuela are standing for freedom and democracy, and the United States of America is standing right by their side.  (Applause.)

Let me begin by thanking the great leaders here today who have been such incredible champions for the cause of liberty.  And these people love you, and they love Venezuela, and they love Cuba.  And they love all of the places that we’re fighting for.  (Applause.)

Newly elected and already doing an incredible job, Governor Ron DeSantis.  (Applause.)

A man who I call, especially when we’re talking about Cuba, Venezuela, Nicaragua — he knows a lot, and he’s a friend of mine: Senator Marco Rubio.  (Applause.)

A great governor; he gave Ron a little bit of a head start.  He did a fantastic job in Florida.  Former governor, and now senator, Rick Scott.  (Applause.)

Somebody that I’ve gotten to know very well, especially as to the fact that my heart is in Venezuela — (applause) — Representative Mario Diaz-Balart.  (Applause.)

Ambassador Carlos Trujillo. (Applause.)  Lieutenant Governor Jeanette Núñez.  (Applause.)  Your new and great Attorney General, Ashley Moody.  (Applause.)  And to so many other dedicated public officials that are in this room right now, we thank you very much for being with us.  Thank you.  (Applause.)

Thank you also to Secretary of Commerce.  Wilbur Ross is with us, and Ambassador Lighthizer.  Ambassador Lighthizer, I have to say, just got back from a place called China.  And, boy, oh, boy — we’re making a lot of progress.  Nobody expected this was going to be happening.  (Applause.)  We’re making a lot of progress.  (Applause.)

In the meantime, billions and billions of dollars are coming into our Treasury.  It’s very simple.  All works.  That never happened before.  We don’t know the feeling in this country, but now we know the feeling.  (Applause.)

We also want to extend our deep appreciation to the President of Florida International University, Dr. Mark Rosenberg — (applause) — for hosting this important event.

Finally, I want to thank each and every person in this wonderful audience who has made your own stand for human dignity.  And that’s probably just about all of you.  (Applause.)

And I want to especially thank the Venezuelan exile community that has done so much to support President Guaidó to organize aid for their compatriots and to do just a lot back home.  Thank you very much for being here.  Thank you.  We’re with you.  (Applause.)

We are profoundly grateful to every dissident, every exile, every political prisoner, and everyone who bears witness to the horrors of socialism and communism, and who has bravely spoken out against them.  Thank you very much.  (Applause.)

The fact is, you’ve seen the crimes and you’ve seen the corruption.  You have seen the hunger and the suffering.  You have heard the anguished pleas for help.  You have protested, and protested with respect, but loudly.  And you have prayed for the day we can now see, which is just ahead — the day when all the people of this region will at last be free.  (Applause.)

AUDIENCE:  USA!  USA!  USA!

THE PRESIDENT:  As we meet today, the people of Venezuela stand at the threshold of history, ready to reclaim their country and to reclaim their future.

Not long ago, Venezuela was the wealthiest nation, by far, in South America.  But years of socialist rule have brought this once-thriving nation to the brink of ruin.  That’s where it is today.

The tyrannical socialist government nationalized private industries and took over private businesses.  They engaged in massive wealth confiscation, shut down free markets, suppressed free speech, and set up a relentless propaganda machine, rigged elections, used the government to persecute their political opponents, and destroyed the impartial rule of law.

In other words, the socialists have done in Venezuela all of the same things that socialists, communists, totalitarians have done everywhere that they’ve had a chance to rule.  The results have been catastrophic.

Almost 90 percent of Venezuelans now live in poverty.
In 2018, hyperinflation in Venezuela exceeded 1 million percent.  Crippling shortages of food and medicine plague the country.  Socialism has so completely ravaged this great country that even the world’s largest reserves of oil are no longer enough to keep the lights on.  This will never happen to us.  (Applause.)

AUDIENCE:  USA!  USA!  USA!

THE PRESIDENT:  Thank you.

Already, more than 3 million Venezuelans have fled Maduro’s brutal opposition — and brutal it is.

Today, we are honored to be joined by Amintha Perez, the mother of Oscar Perez — a courageous Venezuelan police officer.  (Applause.)  You know the story.

In June of 2017, Oscar piloted a helicopter over the city of Baruta with the banner, “350 Liberty,” a reference to Article 350 of the Venezuelan constitution, which states: “The people of Venezuela…shall disown any regime, legislation or authority that violates democratic values…or encroaches upon human rights.”

Oscar said he wanted to give the people hope.  He loved the people.  He fought for the people.  And they loved Oscar.  But Oscar was gunned down and killed by Venezuela’s — you know this very well; you all know the story — by the Venezuelan security forces, viciously.

Amintha, our hearts break for your loss.  Oscar gave his life for the freedom of his people.  We all have hope today because of great, great people and patriots like Oscar.  (Applause.)  Please, Amintha.  (Applause.)

I said, “How about saying something in Spanish?”  She likes Spanish.  She’s a little bit better in Spanish.  Please.  Please.

AUDIENCE:  (Inaudible.)

  1. PEREZ:  (Speaks Spanish.)  (No translation provided.)

(Applause.)

THE PRESIDENT:  I don’t know what she said, but I think I know what she said.  And she is an incredible woman.  And Oscar was an incredible man who will not have died in vain.  (Applause.)

A few weeks ago, on January 23rd, Venezuela’s National Assembly invoked the Venezuelan constitution to declare the President of the National Assembly, Juan Guaidó, as the country’s legitimate leader.  In one of his first acts, President Guaidó invoked the same constitutional article that Oscar carried through the skies to notify the world that Maduro was illegitimate.

Within 30 minutes, the United States was proud to be the first nation in the world to recognize President Guaidó.  (Applause.)

AUDIENCE:  USA!  USA!  USA!

THE PRESIDENT:  And, by the way, John Bolton is here.  Where is John?  (Applause.)  Working hard.

Today, more than 50 countries around the world now recognize the rightful government of Venezuela.  And the Venezuelan people have spoken, and the world has heard their beautiful voice.  They are turning the page on socialism, turning the page on dictatorship, and there will be no going back.  (Applause.)

Peace-loving nations are ready to help Venezuela reclaim its democracy, its dignity, and its destiny.  All the nations in our hemisphere have the shared interest in preventing the spread of socialist tyranny.  Socialism, by its very nature, does not respect borders.  It does not respect boundaries or the sovereign rights of its citizens or its neighbors.  It’s always seeking to expand, to encroach, and to subjugate others to its will.

The twilight hour of socialism has arrived in our hemisphere — (applause) — and, frankly, in many, many places around the world.  The days of socialism and communism are numbered not only in Venezuela, but in Nicaragua and in Cuba as well.  (Applause.)

Do we love Cuba?  (Applause.)  Do we love Nicaragua?  (Applause.)  Great countries.  Such great potential.  Remember that word.  Such unbelievable potential.

In the meantime, we must all work together to end a humanitarian disaster.  As we speak, there are truckloads filled with hundreds of tons of desperately needed humanitarian supplies stopped at the borders of Venezuela and waiting to help the millions and millions in need.

Two days ago, the first U.S. Air Force C-17 — that’s a big, beautiful plane — landed in Colombia loaded with crucial assistance, including thousands of nutrition kits for little Venezuelan children.  (Applause.)  Unfortunately, Dictator Maduro has blocked this lifesaving aid from entering the country.  He would rather see his people starve than give them aid, than help them.

Millions of Venezuelans are starving and suffering while a small handful at the top of the Maduro regime plunder the nation into poverty and into death.  We know who they are, and we know where they keep the billions of dollars that they have stolen.

Incredibly, there are members of the Venezuelan military still barely supporting this failed dictatorship.  They are risking their future, they are risking their lives and Venezuela’s future, for a man controlled by the Cuban military and protected by a private army of Cuban soldiers.  (Applause.)  Maduro is not a Venezuelan patriot; he is a Cuban puppet.  That’s what he is.  (Applause.)

And remember that hundreds of millions of dollars used to be paid to Cuba — but no longer, because they no longer have that kind of wealth to be able to do it.  So things are changing, and they’re changing fast.  (Applause.)

And today I have a message for every official who is helping to keep Maduro in place:

The eyes of the entire world are upon you today, every day,
and every day in the future.  You cannot hide from the choice that now confronts you.  You can choose to accept President Guaidó’s generous offer of amnesty, to live your life in peace with your families and your countrymen.  President Guaidó does not seek retribution against you, and neither do we.  But you must not follow Maduro’s orders to block humanitarian aid, and you must not threaten any form of violence against peaceful protestors — (applause) — opposition leaders, members of the National Assembly, or President Guaidó and his family.

We seek a peaceful transition of power, but all options are open.  (Applause.)  We want to restore Venezuelan democracy, and we believe that the Venezuelan military and its leadership have a vital role to play in this process.  If you choose this path, you have the opportunity to help forge a safe and prosperous future for all the people of Venezuela.

Or you can choose the second path: continuing to support Maduro.

AUDIENCE:  Booo —

THE PRESIDENT:  If you choose this path, you will find no safe harbor, no easy exit, and no way out.  You will lose everything.  (Applause.)

So today, I ask every member of the Maduro regime: End this nightmare of poverty, hunger, and death for your people.  Let your people go.  Set your country free.  Now is the time for all Venezuelan patriots to act together as one united people.  (Applause.)  Nothing could be better for the future of Venezuela.  And nothing could be better for the future of another captive nation — Cuba — than the rebirth of freedom and democracy in Venezuela.  (Applause.)

AUDIENCE:  USA!  USA!  USA!

THE PRESIDENT:  For decades, the socialist dictatorships of Cuba and Venezuela have propped each other up in a very corrupt bargain.  Venezuela gave Cuba oil.  In return, Cuba gave Venezuela a police state run directly from Havana.  (Applause.)

But this is a much different day, and those days are over.  (Applause.)  The ugly alliance between the two dictatorships is coming to a rapid end.  A new future is beginning.  All of us in this arena, and thousands and thousands and thousands of people outside — you have to see it — are united because we know the truth about socialism in Venezuela, in Cuba, in Nicaragua, and all around the world.  (Applause.)

Socialism promises prosperity, but it delivers poverty.
Socialism promises unity, but it delivers hatred and it delivers division.  Socialism promises a better future, but it always returns to the darkest chapters of the past.  That never fails.  It always happens.

Socialism is a sad and discredited ideology rooted in the total ignorance of history and human nature, which is why socialism, eventually, must always give rise to tyranny, which it does.  (Applause.)  Socialists profess a love of diversity, but they always insist on absolute conformity.

We know that socialism is not about justice, it’s not about equality, it’s not about lifting up the poor.  Socialism is about one thing only: power for the ruling class.  (Applause.) And the more power they get, the more they crave.  They want to run healthcare, run transportation and finance, run energy, education — run everything.

They want the power to decide who wins and who loses, who’s up and who’s down, what’s true and what’s false, and even who lives and who dies.  (Applause.)

In short, all of us here today know that there is nothing less democratic than socialism.  Everywhere and anywhere it appears, socialism advances under the banner of progress, but in the end, it delivers only corruption, exploitation, and decay.

With us today is David Smolansky.  (Applause.)  David was one of the youngest mayors in Venezuelan history when the Maduro regime removed him from office and issued a warrant for his arrest.  David fled into Venezuela’s treacherous southern jungle.  Eventually, David reached Brazil, where he was welcomed with open arms.

Today, David lives in exile in the United States, where he continues to speak up for the Venezuelan people.  Sadly, David is the third generation of his family to flee the agony of socialism and communism.  David’s grandparents fled the Soviet Union in 1927, and his father fled communist Cuba in 1970.

As David said, “The difference I want to have from my father and grandfather is to go back to my country.”  (Applause.)  “My grandparents never went back to Kiev…my father has not been back to Havana.  I hope I can [soon] return to Venezuela.”  (Applause.)  I think that will happen, David.

Thank you very much, David.  I think it’ll soon happen.  Your courage, David, is an inspiration.  And not only David; many of the people in this room.  You’ve been through much, but you see it coming to the end.  You see it really coming to an end for the first time.  For the first time, you’re seeing it — because the United States, a true great nation, is behind you.  (Applause.)

AUDIENCE:  USA!  USA!  USA!

THE PRESIDENT:  And so as the United States stands up for democracy in Venezuela, we reaffirm the solidarity with the long-suffering people of Cuba and Nicaragua and people everywhere living under socialist and communist regimes.

And to those who would try to impose socialism on the United States, we again deliver a very simple message: America will never be a socialist country.  (Applause.)

We are born free and we will stay free, now and forever.
(Applause.)  We know what freedom can do in Venezuela because we have seen that future right here in Doral.

We know what freedom can do in Cuba because we have seen that future right here in Miami.  (Applause.)

We know what freedom can do in Nicaragua because we have seen that future in Sweetwater.  (Applause.)

And one day soon, with God’s help, we are going to see what the people will do in Caracas and Managua and Havana.  (Applause.)

And when Venezuela is free, and Cuba is free, and Nicaragua is free, this will become the first free hemisphere in all of human history.  (Applause.)

It was my great honor to be with you today, and the First Lady’s great honor to be with you today.  We are winning.  We are winning on every front.

Thank you.  God bless you.  God bless the people of Venezuela.  God bless the people of Cuba.  God bless the people of Nicaragua.  And God bless the United States of America.  (Applause.)  Thank you very much.

END

5:19 P.M. EST

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Manufactured Housing Institute February 2019 Monthly Economic Report, with 2018 Revelations

February 19th, 2019 No comments

 

ManufacturedHousingInstituteLogoMonthlyEconomicReportFeb20192018YearEndDataDailyBusinessNewsMHProNewsBlank

The data that follows is according to a February 11, 2019 report from the Manufactured Housing Institute (MHI) delivered by email to their members.

 

The Arlington, VA based trade group issued it with their normal copyright notice, but as their attorneys know, there are specific circumstances when copyrighted materials can lawfully be republished for analysis, commentary, fact-checks and/or other valid reasons and circumstances that apply for news media.  That’s why savvy readers know that CNN often shows news clips and logos from Fox News, or Fox News may show clips from MSNBC or CNN, etc.  There are reasons why there are no lawsuits pending between news outlets for that, and it is explored in more depth in the report linked in the text/image box below.

 

Lanham Act, Monopolistic Housing Institute, err, Manufactured Housing Institute, Legal Bullies, and You

 

The meat of the MHI release to their members is as shown below.

 

ManufacturedHousingInstituteLogoMonthlyEconomicReportDailyBusinessNewsMHProNews

5,984 New HUD Code Homes Shipped in December

———————————————————–

In December 2018, new manufactured home shipments decreased 17.7% to 5,984 homes as compared to the 7,269 homes shipped in December 2017. Total shipments for December 2018 were 1,706 homes less than November. Compared with December 2017, the trend is mixed with shipments of single-section homes down by 35.8% and multi-section homes up by 5.8%. Total shipments for the full year of 2018 are 96,540 which is a 3.9% increase over 2017. Total floors shipped in December 2018 decreased 10.5% to 9,398 compared to December 2017.

Of the 5,984 homes shipped in December, there were 56 homes designated as FEMA units shipped to Alabama. For calendar 2018, there were a total of 1,329 FEMA units shipped.

The seasonally adjusted annual rate (SAAR) of shipments was 84,530 in December 2018, down 7.7% from the adjusted rate of 91,626 in November 2018. The SAAR corrects for normal seasonal variations and projects annual shipments based on the current monthly total.

In December, 133 plants representing 35 corporations reported production data which is one more plant than in November 2018.

— End of quoted portion of MHI release. —

 

Fact-Checks and Analysis

There are valid explanations why the Manufactured Housing Institute (MHI) and the Manufactured Housing Association for Regulatory Reform (MHARR) have slight variations in their official new home shipment totals, both of which presumably come from Institute for Building Technology and Safety (IBTS) acting on behalf of the U.S. Department of Housing and Urban Development (HUD).  That difference could be summarized under how each handle “destination pending” designated homes in their respective reports.  It’s normally a negligible tally, but worthy of note solely for the clarity that it isn’t necessarily a factual misstatement.

As a point of reference, MHARR reported the following for 2017 and 2018 new home production totals.

  • 2017 – 92,902 homes
  • 2018 – 96,555 homes

 

So MHI shows 15 less units out of 96,555 total built in 2018, a tiny fraction of a percent. In fairness to MHI, with the proper disclosures, it’s a non-issue, save to those in MHVille who practice puffery on their blog.

Using MHARR’s data, there was only 3,653 difference between the total production of 2017 and 2018. Given that the National Association of Realtors  said in 2018 that some 8.3 million more housing units are needed in the U.S., the news of any drop or failure to meet even modest expectations ought to furrow brows of discerning manufactured housing professionals and investors.

The Daily Business News on MHProNews will break the above down, as follows.

  • For calendar 2018, there were a total of 1,329 FEMA units shipped.”
  • Total shipments for the full year of 2018 are 96,540 which is a 3.9% increase over 2017.”
  • Total floors shipped in December 2018 decreased 10.5% to 9,398 compared to December 2017.”

A) Absent from the above is the fact that earlier in the year, MHI and/or member firms were projecting 107,000 new manufactured homes produced for the year. The totals are thus more than 10,000 new manufactured home units short of that already meager MHI target.

B) Off that 3,653 units difference, 1329 were FEMA MHUs, which means that retail or residential use growth was actually only 2,324.

C) What is utterly lacking in this or other recent MHI communications is why – during an affordable housing crisis – there are declining new home shipment trends?

 

ThroughNov2018FREDHousingStartsfordecadesDailyBusinessNewsMHProNews

 

D) What is equally lacking are explanations for what has contributed to this trend, that MHI has either ignored and/or arguably has facilitated. That has purportedly occurred with either the expressed or implied support of Knoxville, TN metro-based Clayton Homes and their related lending units.

 

DeceptiveTradePracticesManufacturedHousingInstituteDailyBusinessNewsMHproNews

E) Finally, as MHI was beating-the-bushes for year-end renewals of their members, they spent significant sums on a video from which the stills below were compiled. They clearly stated – and thus wanted industry professionals to believe – that there was ‘momentum’ – when in fact they of all sources in MHVille knew what the trends were about to reveal. Is that a deceptive trade practice?  A lack of truth-in-advertising by MHI?  The decline of shipments year-over-year at the close of 2018 is an issue that can’t be ignored, save by those who believe that they benefit from ignoring the troubling facts.

 

ManufacturedHousingInstituteMHINewClassofHomesDailyBusinessNewsMHProNews

Momentum?  Really?  Still from MHI Video, logos added by MHProNews.

ManufacturedHousingInstitutelogoMHILogoMHIVideoStillsMillionsofViewsDailyBusinessNewsMHProNews

This is arguably part of the “Illusion of Motion” that was described at this link here.

 

See the related reports for more details.  That follows the byline, consulting and business development offers, and notices. That’s this morning’s manufactured Home “Industry News Tips and Views Pros Can Use,” © where We Provide, You Decide.” © ## (News, analysis, and commentary.)

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MHI CEO Dick Jennison’s Pledge – 500,000 New Manufactured Home Shipments

 

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Manufactured Home Community Residents on ‘Rent Strike,’ Republican Lawmaker Calls Foul

February 19th, 2019 No comments

 

WBIRNews4InvestigatesManufacturedHomeCommuhnityResidentsonRentStrikeRpublicanLawmakerCallsFoulDailyBusinessNewsMHProNews

In New York State, numerous incidents connected to manufactured home communities and manufactured homes has been making news. But not in a positive way.

 

Recently, there were several dozen cases of rent-to-own or ‘contract-for-title’ transactions by community operators that caught the ire of the N.Y. State Attorney General’s office. ICYMI: see that in the article linked here or further below. But in this incident report, it’s not a Democratic run AG’s office, but a Republican state legislator who has taken up the cause of residents “fighting back” against a Florida based investment group.

The local news video by WIVB-TV posted provides a reasonably balanced report about what the community owner says, as well as what the residents’ complaints are. The community is named the Akron Mobile Home Park, in Akron, NY. That land-lease community purchased by Sunrise Capital Investors in 2017 is compared and contrasted with a nearby manufactured home community where the management and owner are local.  That local owner is also interviewed for the Channel 4 video below.

 

 

There is no mention of MHAction or NMHOA in the WIVB-TV video. But it sounds as if a group like theirs could have been background advisors. Or perhaps their literature or website(s) inspired residents and/or influenced local media reporting.

That said, while the video is reasonably balanced and reflects the tensions and pressures on all sides, there is what appears to be a factual error in the WIVB-TV narrative. In their written report – linked here – Channel 4 cited Warren Buffett as an owner of manufactured home communities. But Clayton Homes sold their land-lease communities not long after Chairman Buffett-led Berkshire Hathaway purchased the Knoxville, TN metro company. Per reports, Buffett did not want to be viewed as ‘raising the rents on grandma.’

The Channel 4 video also improperly uses word trailer,” but also uses the term “manufactured homes.” So, while they did better than many in reporting with correct terminology, perhaps local media may be under the common misimpression that a ‘mobile home’ is a ‘trailer house,’ which savvy industry professionals know is not the case.

 

TerminologyMattersBecausetheTerminologyDescribestheConstructionStandardsHomeBuiltToSteveDukeLMHAaMHLivingNewsMHProNewsBiggerPocketsSunshineHomesRedBayAL

The terminology matters because
the terminology determines the
construction standards a home was
built to,” Steve Duke, LMHA.

TrailerHouseMobileHomeManufacturedHomeFactoryBuiltHousingEvolution101MHProNews-MHLivingNews

You must meet people where they are. Terminology must be taught and caught. Make a habit of using the correct terminology. Trailers could be pulled with a car or pickup truck, but by the mobile home era, those dwellings required more specialized and heavy duty equipment to move the unit.  As one group noted, they are “immobile homes” in the HUD Code manufactured home era. 

 

As the manufactured home industry’s professionals considers why there is a lack of serious growth in manufactured housing, reports like this one must be considered as a factor. This story in Akron, NY reflects several dynamics, one of which is arguably the need for a solid post-production trade group that represents the interests of independents. While the reporting appears balanced, a properly run post-production trade group could be heading off some problematic practices. Or as in the case of the report above, bring in one or more operations that don’t use allegedly aggressive practices that threaten – as a resident of Akron Mobile Home Park says – those resisting stiff rent hikes with ‘economic eviction’ and ‘fear tactics.’

But an element missing from this report is this. It must not be imagined by the public that privately owned or publicly traded communities are the only ones who have issues, as the story from the hot-linked text-image box below reminds us.

 

Thorns and Roses In Manufactured Home Community Controversy

 

Furthermore, arguably the bulk of manufactured home community owners and operators don’t make this kind of problematic kind of news.

 

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MHProNews plans a related report and will monitor this developing case at the Akron Mobile Home Park in Akron, NY. While the Manufactured Housing Institute holds their winter fund-raiser -err, winter meeting – in Austin, TX, welcome to the ongoing drama that is buffeting MHVille in 2019. “We Provide, You Decide.” © ## (News, analysis, and commentary.)

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The 2020 Census, Supreme Court, Manufactured Housing, and You

February 19th, 2019 No comments

2020USCensusSupremecourtManufacturedHousingYouDailyBusinessNewsMHproNews

There are potential issues that ought to have been raised in the 2020 Census that experts have told the Daily Business News on MHProNews should have been included.  That will be a topic of a planned upcoming report.

 

But today’s U.S. Census topic impacts every affordable housing or manufactured home professional.  Indeed, it influences every U.S. citizen.

Supreme Court has agreed to hear a case that will decide whether 2020 Census can ask people if they’re a U.S. citizen.  Why does it matter?

That decision that will impact allocating House seats, Electoral College votes, and billion of federal dollars, says the Daily Mail.  Factually, that’s correct.

Per the Daily Mail:

  • The U.S. Census, conducted every 10 years, hasn’t asked a citizenship question since 1950.
  • Trump Administration wants to include it again, claiming the Justice Department wants the data in order to help enforce the Voting Rights Act.
  • A federal judge said no in January, but now the Supreme Court says it will take the case on an expedited basis so the Census can proceed on time.

 

 

Why it Matters?

  • Non-citizens included in the Census distort the legal count of Americans who are supposed to determine the relative population of the 50 states.
  • Those ratios determine how many seats each state gets in the House of Representatives and Electoral College votes in presidential contests. Rephrased, even if someone in the U.S. who isn’t a citizen isn’t voting illegally, counting them distorts data that – for example – makes California the state with the most congressional districts.
  • The Census data also informs spending equations used to distribute federal tax dollars to the states for everything from education to road repairs. That is hundreds of billions of dollars that could be shifted, depending on how the Supreme Court rules. The case is expected to be heard in April.

Rephrased, do you want your vote and citizenship status to be enhanced or diluted?  The count of non-citizens matters.  If the Supremes rule correctly, by Constitutional intent standards, this should be a no-brainer. For Census purposes, non-citizens should be counted as exactly that, non-citizens.

 

 

Wonder why ongoing illegal immigration matters? Why is this topic not heard more in the U.S. media?  Why is it British media that is reporting on this topic, that ought to be a lead story on thousands of mainstream media sites in the U.S.?

Writing as someone who came to the U.S. legally, illegal immigration matters.  That’s “News through the lens of manufactured homes, and factory-built housing” © where “We Provide, You Decide.” © ## (News, analysis, and commentary.)

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Presidents Day Facts and Video Quiz

February 18th, 2019 No comments

 

PresidentDayQuizWhichPoliticalPartyWasThisPresidentDailyBusinessNewsMHProNews

In the business world, the rear-view mirror is always clearer than the windshield.

– Warren Buffett, per Industry Week.

 

That’s Buffett quote is one that our publisher agrees on 100 percent. MHProNews’ publisher was a multiple award-winning history major, in high school and college.  So, there are days like today that he likes to have fun shaking it up and testing a reader’s knowledge.

The video below describes some policy positions.  Then it asks, which party was the president who held those policy views?  Spoiler alert, the answers may surprise you.

 

Praeger University videos routinely takes up hot button questions, puts an expert or well-known person on camera familiar with the topic, and uses nettlesome facts – often politically incorrect ones – and then layers on still more fascinating and thought-provoking facts.

As political independents, we stress the following.

  • We respect the right of people to be in whatever political party they wish, or no political party.
  • The reason we are not affiliated with any political party is because each, in our view, has held policy positions that are problematic for America, and out of keeping with the best interests of the vast majority of Americans.
  • On affordable housing, we believe that is a non-partisan issue. Thus, we relish the opportunity to spotlight occasions when Democrats and Republicans come together on the issue of manufactured homes as an important solution that is hiding in plain sight.  An new example of that can be accessed by the linked text-image below.

 

Democrats, Republicans Agree – “Manufactured Homes Can Play a Vital Role in Easing” the Affordable Housing Shortage

All45PresidentOfUnitedStatesDailyBusinessNewsMHProNews

45USPresidentByTermofOfficeDatesDailyBusienssNewsMHProNews
PartyInControlofWhiteHouseOvalOfficeSenateHouseofRepresentativesWikiDailyBusinessNewsMHProNews

 

Political Posturing

Politicians and political parties say and do things that are often a mix of accurate and inaccurate information. Thus, we believe and strive to practice the time-tested notion of separating “Wheat from Chaff.”

When a person, party, or other organization is spinning reality, that’s a warning sign.  If someone knowingly distorts reality on subject A, why are they to be trusted on another topic?

Distortions of history or facts are usually done with an agenda in mind.  Put simply, the agenda is often designed to benefit one group vs. another.

President John F. Kennedy’s economic platform worked, as did former Democrat, Ronald Reagan’s.  Set aside the lightening-rod hype on both sides about President Donald J. Trump – another former Democrat – and one sees some similarities between the economic policies of all three of those presidents.

Clearly, there were differences between those three leaders too.

Fake news has become such a common mantra that awareness of just how agenda-driven various news outlets are is thankfully becoming more commonplace.  The graphic below is one way to check the possible political views that influence their reports.

 

MediaBiasChartSharylAttkissonLeftRightPostedDailyBusinessNewsMHProNews

Full Measure’s Sharyl Attiksson’s media bias chart is useful in sorting out the agendas behind various headlines and news sources. 

 

Presidents are obviously people, and no president has been perfect.  But America has had some amazing leaders, that cross the left-right divide.

There is much to learn from these leaders.

Do what you can, with what you have, where you are.”

–        Theodore Roosevelt

 

Good public policy matters.

There is  no market report today, on Presidents Day. That’s tonight’s manufactured home “Industry News, Tips, and Views Pros Can Use,” © where We Provide, You Decide.” © ## (News, analysis, and commentary.)

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Clayton Retail GM Earns Big Bucks, Insider Insights for Manufactured Housing

February 18th, 2019 No comments

 

ClaytonHomesRetailGMEarnsBigBucksInsiderInsightsManufacturedHousingDailyBusinessNewsMHProNews

In states such as Colorado or Texas, one can find Clayton Homes owned manufactured home retail stores which achieve significant sales volume and/or higher earnings for their general managers (GM).

 

One such Clayton retail GM – per sources with the Knoxville, TN metro based firm – earns over a million dollars a year.

But that impressive achievement doesn’t mean that such earnings are common. They are not. 

It is akin, per sources, to the high stated earning potential of Clayton’s retail sales people. On paper, they can earn significant 6 figure incomes. An efficient retail sales professional working for Clayton can in theory push $200,000 per year.  More specifically, sums around $175,000 (+/-) are mentioned by recruiters and motivators for Clayton.  But in practice, that level of earning doesn’t occur on a routine basis.

Why?  The drop off rate of customers who sign an agreement to buy or apply, but later cancel, is significant according to insiders. That can in turn lead to frustration among Clayton’s retail sales staff. That can mean more turnover.

 

Looking Back, Looking Ahead

As the Daily Business News on MHProNews has previously reported, there are informed and connected sources that have stated their belief that if Clayton achieves a still higher level of manufactured housing market dominance than they already enjoy, that the firm will restructure the pay plan for their GMs. 

More recently, a Clayton retailer reminded MHProNews that after Chairman Warren Buffett led Berkshire Hathaway acquired Clayton Homes in 2003, they cut back on GM compensation. They were eventually forced to return to a higher pay plan, having lost too many seasoned veterans, according to inside sources.

The billionaires and brands which are using Buffett-style Moat tactics to dominate various industries have often paid some staffers relatively low pay. Amazon and Jeff Bezos have come under fire for that, but the world’s richest man is not alone.

Clayton absolutely has its share of loyalists. They have team members who will say or do what the company wants.

But based upon the kind of feedback and insights from several sources in recent weeks, there are reasons for the Knoxville-metro based operation to consider why their slowly squeezing strategic Moat may be backfiring. 

As Clayton is testing multiple million dollar automation systems in factories and in retail marketing and sales too, a Clayton team member who enjoys the manufactured housing industry must ask themselves. What is the trend line with Clayton? What are the past historical precedents?

To answer that question, see the related reports, which follow the byline, consulting and business development offers, and notices.  That’s this morning’s manufactured Home “Industry News,  Tips, and Views Pros Can Use” © where We Provide, You Decide.” © ## (News, analysis, and commentary.)

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Democratic and Republican Policy Dilemmas, Affordable Housing, Economic Growth, and Manufactured Homes

February 18th, 2019 No comments

 

DemocraticRepublicanPolilcyDilemmasAffordableHousingManufacturedHomesDailyBusinessNewsMHProNews

Let’s be clear. The publishers of MHProNews are political independents. We believe that affordable housing is a non-partisan issue.

 

A new report stresses the notion that Democratic and Republican lawmakers can and are working across the partisan political divide to promote manufactured homes as an important part of the solution for the affordable housing crisis.  That’s an encouraging example that Washington, D.C. could successfully embrace.  See that report by clicking on the linked text/image box below.

 

 

Democrats, Republicans Agree – “Manufactured Homes Can Play a Vital Role in Easing” the Affordable Housing Shortage

 

Ideally, bipartisan efforts to advance affordable housing could spell job plus household wealth creation.  The right policy supports and/or changes will either make common sense cures easier, or harder.  See the report below to learn more.

 

 

While MHProNews’ questions the practicality and constitutionality of many parts of the so-called Green New Deal, there are some stated positions taken by Democrats that we editorially believe makes sense. For example, Senator Elizabeth Warren has previously laid out a good case for antitrust action based upon existing law. We applaud her on that score, but more important, would encourage and celebrate its ASAP adoption.

 

Who Will Act? Will Senator Elizabeth Warren, and/or the Trump Administration Act to Restore Open Markets, Thereby Supporting Affordable Manufactured Homes?

 

House Financial Services Committee Chair Maxine Waters and some of her colleagues raised a warning a few years ago about Clayton Homes and their lending/businesses practices. That should be pressed by Waters and all on the House Financial Services Committee (FSC).

 

 

President Trump and some Republican lawmakers are similarly raising concerns about monopolistic practices that can unjustly twist the political process.  That goes beyond manufactured homes, and focuses on the tech giants known by the acronym #FAANG. While we believe in free enterprise, we oppose warped forms of rigged capitalism.  Free enterprise has rejected the trusts – monopolies – for decades.  That’s a position that Democrats and Republicans could agree upon. Beyond FAANG, Berkshire Hathaway and Microsoft (#BM) arguably should arguably be broken up under antitrust laws.  Doing so would achieve what Professor Scott Galloways said in the quotation below about the big four, but could be applied beyond those 4 to #DeFaangBM.

Put differently, there is a broad consensus that could be forged to advance not unconstitutional wealth redistribution, but rather enforcement of laws that may fine or punish some who have broken various laws.  That could also give more opportunities for new businesses and existing ones to emerge.

 

 

There is no logic or need to jettison what made America the wealthiest nation on earth. Rather, what is necessary is to apply the “American Way” principles of equal justice under the law that Democrats, Republicans, and Independents have effectively achieved at various points in times past.

 

Draft EO for Trump Administration AntiTrust Order Obtained by MHProNews

 

Breaking up monopolies is good public policy. Advancing affordable housing – including, but not limited to – the liberal use of manufactured housing just makes good sense too.

 

HomeOwnershipRatesUSCensusBureauDailyBusinessNewsMHProNews

It’s a disgrace that America is not in the top 20, 30, or even 40 nations on earth in the rate of home ownership.

 

Top49NationsInWorldInHomeOwnershipRatesGlobalHomeOwnershipRatesMHProNews602

Home ownership, as HUD Secretary Ben Carson often said during his first year in office makes a significant difference in growing the personal wealth of Americans.  Renting households, said Carson, have an average household net worth of $5,000.  The average home owner, by contrast, has a net worth of some $200,000.  The most proven form of affordable housing has been manufactured homes.

MostMenAppearnNeverConsideredWhatHouseIsNeedlesslyPoorAllTheirLivesHenryDavidThoreauManufacturedHomeLivingNews

For newcomers to the website not familiar with modern manufactured homes, learn more by clicking the image above or the link here.

InfographicMobileManufacturedHomeManufacturedHousingIndustryFactsDataResearchMobileManufacturedHomeLivingNews

Citizens can’t easily stop political posturing or game playing.  But what voters can do is encourage their elected representatives to promote the proven solutions now that routinely don’t even require new legislation.   What is needed is enforcement of existing laws.

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Democrats and Republicans each have billionaire supporters.  Money won’t be taken out of politics anytime soon.  The FAANG and BM have armies of lobbyists.  They will want more regulation, not an antitrust breakup.  But only an antitrust breakup will achieve what is needed for the American people.

 

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Implementing an agenda that is non-partisan and can give each side ‘political victories’ by using existing laws is a simple notion whose time has come. Polls reveal that the public wants bipartisanship, and they are also catching onto the serious levels of ‘fake news’ that exists.

 

Trust in News, Washington Post vs Investors Business Daily Poll Results, MHVille Impacts

 

Those who ignore those trends could pay the price in 2020.

 

Affirmatively Furthering Fair Housing, a Novel Yet Proven Solution to the Affordable Housing Crisis That Will Create Opportunities, Based Upon Existing Laws

 

President Donald J. Trump, the 45th president’s administration, the GOP, and Democrats can create trillions of dollars in new economic opportunities by implementing existing laws.  See the related reports above and below to learn more.” That’s “News through the lens of manufactured homes, and factory-built housing” © where We Provide, You Decide.” © ## (News, analysis, and commentary.)

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Patrick Caddell, pollster to Former President Jimmy Carter, Dies at 68

February 18th, 2019 No comments

 

PatrickCaddellPollsterFormerPresidentJimmyCarterDies68DailyBusinessNewsMHproNews

The left-of-center New York Times dubbed Patrick Caddell as the self-taught pollster who helped propel an obscure Georgia peanut farmer – Jimmy Carter – onto the White House.

 

Right-of-center Townhall said, “Carter Pollster Turned MAGA Supporter” Pat Caddell “Has Passed Away.”  As MHProNews examines the emerging politics of the 2020 campaign, Caddell is an example of a man who adapted based upon circumstances.  He wasn’t a pure ideologue, as those who followed his colorful career know.

 

 

The AP gave a balanced perspective of the late Caddell, who died in Charleston, SC as a result of a stroke.  Consider the following pointers and pull quotes, which are timely for the topic of bipartisanship here on the Daily Business News in several ways.

As Daily Business News on MHProNews readers may recall, President Carter and his brother Billy played interesting roles with respect to the evolution of manufactured homes from the mobile homes of the past.

Quoting Caddell on his support for the upset win of Governor Jimmy Carter (GA-D), “In order to win, he had to articulate a sense of what had happened to the country through Vietnam and Watergate. If you go back and look at those speeches that he gave early in the campaign, he would talk about the damage to the country, its psychology,” Caddell stated as part of an oral history. “Essentially, what he [Carter] was running on in the campaign was that the country had been psychologically devastated by the previous decade of events. He was offering himself as a healer…”

 

PatrickCaddellConsultantPollsterWikiDailyBusinessNewsMHProNews

 

To explain his split over the years from Democrats, Caddell said they party were no longer “a party of the people.”  He said they had been hijacked by elites, the well-educated, Wall Street and special interest groups.

Caddell said, per the AP, in a 2016 speech to students at Michigan’s Hillsdale College that he was offended when the Democratic national convention would not allow Pennsylvania Gov. Bob Casey Sr. to speak.  Casey Sr. was against abortion, and he was not allowed to deliver a convention speech. Carter’s former pollster considered the Democrats of being guilty of “the stifling of dissent.”

He explained his support for candidate Donald J. Trump for reaching out to those Democrats and others the party he once served were not effective in reaching.  Caddell said he admired now President Trump’s  willingness to take on “the political class.”

Stewart said Caddell died early Saturday at the hospital and had not been ill, so it was a surprise to those who knew him.

According to Professor Kendra Stewart, Caddell was a guest lecturer at the College of Charleston and the Citadel.

After escaping Washington, he sought refuge in L.A., where he was a writer and producer on ‘West Wing’ with Aaron Sorkin and consulted on other films such as ‘Outbreak,’ ‘Air Force One’ and ‘In the Line of Fire,’” Stewart told the AP.

These past years he has been consulting, conducting research and writing on the state of voter unrest and dissatisfaction with the political system. I worked with him through his company, Caddell Associates, on many of these projects,” Stewart stated. “He was a passionate man who wanted nothing more than to leave his grandchildren a better country.”

 

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May Pat Caddell rest in peace.  The MHProNews team extends its sincere condolences to all who are touched by his loss.  ## (Passages, obituary, news.)

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