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Posts Tagged ‘Anti-Trust’

Doug Schoen, Clinton Adviser, warns – “Democrats must advance an agenda…to create a society of opportunity for all – not guaranteed outcomes achieved through wealth redistribution.”

June 5th, 2018 Comments off

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Eight states – Alabama, California, Iowa, Mississippi, Montana, New Jersey, New Mexico and South Dakota – will hold primaries Tuesday to pick candidates to run in the midterm general elections Nov. 6. But before turning our attention to those races, it’s useful to look back at primary results in May and see how they reveal a Democratic party in a deep state of division,” wrote Douglas E. Schoen, a 30 year pollster and political consultant.

 

With the Trump agenda delivering for businesses and investors on many levels, the midterms are one of those clouds hanging over the markets. In manufactured housing, without Donald Trump in the Oval Office, S 2155 would not have passed.  Or would tax cuts and regulatory rollbacks passed under a President Hillary Clinton?  Given her campaign pledges, and her comments since the election, it seems unlikely.

Voters in Democratic primaries are split between staunchly progressive and more moderate factions,” said Schoen, who has advised the Clintons and other Democrats. “In the struggle for leadership of the party, supporters of each faction are potentially fatally weakening the Democrats for November contests, and potentially for the 2020 elections as well. That could pave the way for President Trump to be re-elected.”

There has been a dramatic change in the generic polling for Congress. Republicans now lead Democrats by 1 point, according to Reuters. Moreover, there has been a dramatic improvement in President Trump’s approval rating, with the Real Clear Average now up to 44 percent,” he wrote.  What Schoen didn’t say in this column was that half-a-year ago, there was a widely touted “blue wave” coming, and the “generic Democrats” were supposedly polling double digits ahead of Republicans.

The looming blue wave – per recent trends, and as a talking head quipped – has crashed.  The Rasmussen poll has often had the President Trump at 50 percent approval or higher.

The reason why this is happening is because Democrats lack an agenda,” Schoen said. “The party, deeply split between its progressive and moderate wings, is divided on both message and tactics. This puts the party at risk not only at the ballot box, but in Republican-controlled state legislatures and governor’s offices throughout the country, with redistricting occurring after the 2020 census.

DouglasSchoenDemocraticPoliticalAnalystPolslerManufacturedHousingIndustryDailyBusinessNewsMHProNews

To be sure, the Democrats’ losses in 2010 doomed their chances this past decade. Republican majorities throughout the country continue to benefit President Trump as he prepares for 2020, when he has said he will run for re-election,” he wrote in a column on Fox.  Democrats have reportedly lost over 1000 seats in the U.S. since 2010, at the local, state, and federal levels.

The lack of consensus between the two factions of the Democratic Party is clear, unambiguous and startling,” said the moderate Democratic strategist.

The progressive agenda focuses primarily on resisting President Trump at every step, labeling his every action a scandal, and calling for his impeachment without any vetted or verifiable evidence of wrongdoing,” said Schoen, cautioning, “Progressives also advocate a redistribution of wealth without any long-term plan to fund policies such as Medicare-for-All or guaranteed employment.”

The moderates offer a distinctly different worldview. They offer a plan for inclusive economic growth and an alternative set of policies to resolve the issues surrounding immigration and health care. At the same time, they reject party-line loyalty to House Minority Leader Nancy Pelosi, D-Calif., and calls for President Trump’s impeachment,” per the Democratic party veteran.

While elections this far out are always a jump ball, subject to a variety of possible events, Team Trump seems to have some advantages.

That said, the GOP is far from united.  Many are still quietly, or at times, openly, defying their party leader, President Donald J. Trump.

DougSchoenDemocaticPollsterConsultantDailyBusinessNewsMHProNEws

 

Anti-Trust and Democrats

What seems to be getting less attention recently among Democratic candidates is any focus on their “Better Deal” plank that aims to revive anti-trust law.

Left-leaning Slate, said “Democrats unveiled their “Better Deal” midterm election blueprint…there was one particularly exciting and overlooked item: one piece of the party’s new antitrust policy. The platform contains the most interesting idea in antitrust policy in decades, a plan that—if it is designed well—could finally bring real life to merger law, the most important but probably most failed component of American competition policy.”

The plan proposes to create a “consumer competition advocate,” which they would style as the 21st-Century Trustbuster,” according to Slate.

While thin on overall detail, the Better Deal’s antitrust proposals contain this extremely promising idea: Under its plank for “Cracking Down on Corporate Monopolies and the Abuse of Economic and Political Power,” the platform proposes a plan for “tough post-merger review.” After mergers are approved and consummated, the Democrats would require “frequent, independent reviews” of the merged firms’ performance, ensure resources are available for such reviews, and demand “corrective measures” if regulators “find abusive monopolistic conditions where previously approved measures fail to make good on their intended outcomes,”” stated Slate.

As MHProNews has previously reported, while there are voices on both the left and right that have raised concerns about the growing problems caused by monopolies in the U.S., Europe and elsewhere, this is an issue that Democrats have tended to focus on more.  That too could proven an issue worth watching as the mid-terms draw near.

President Trump, of course, has also raised concerns about the issue of monopoly.  Will the Trump Administration push the anti-trust issue more, as his poll numbers hold steady, or are rising? “We Provide, You Decide.” © ##  (News, analysis, and commentary.)

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Related Reports:

Progressive “Nation” Reports on Monopolies Cites Buffett, Clayton, Others – MH Industry Impact?

President Trump Spotlights Factory Home Builder in Speech, Proven Promotion, Support of Industry Advancement

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Sunday Morning Weekly Recap – Manufactured Housing Industry Headline News 4.15.2018 to 4.22.2018

April 22nd, 2018 Comments off

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It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, it was the epoch of belief, it was the epoch of incredulity, it was the season of Light, it was the season of Darkness, it was the spring of hope, it was the winter of despair, we had everything before us, we had nothing before us, we were all going direct to Heaven, we were all going direct the other way…”

– Charles Dickens, in a Tale of Two Cities.

 

Who controls the past controls the future. Who controls the present controls the past.”

― George Orwell, in 1984.

TheFirstStepInSolvingAProblemIsToRecognizethatItDoesExistZigZiglarDailyBusinessNewsMHProNews

 

Why is there so much struggle to “control the narrative” in media, politics, business, etc.?  It could be summed up in the two quotes above.

If ever there was a need for objective thinking, careful reasoning, and then precise action based upon facts not myths – this is certainly one of those time.  Let’s dive into this week’s headlines in review.

 

What’s New on MHLivingNews

 

Affordable Housing Focus Group – Comparing Housing Options – Conventional Houses, Condo, Rentals, and Manufactured Homes – Up for Growth, National Association of Realtor, Studies

 

The Ultimate Manufactured Home Industry Fact$, Data, and Insights – Bullets plus at-a-Glance Infographic

 

What’s New on the Daily Business News

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Saturday 4.21.2018


“Dissent, Brought by Monopolists,” Bezos, Warren Buffett, Big Tech, the Moat and Clayton Homes

Friday 4.20.2018

Legal Maneuvers Continuing in Skyline Corp, Champion Homebuilders Merger Case

DNC Files Suit Against Trump Campaign, Russia, and WikiLeaks, Plus MH Market Updates

 

Are They Among the Best Advocates for Manufactured Housing and Manufactured Home Living?

Are They Among the Best Advocates for Manufactured Housing and Manufactured Home Living?

Housing Price Surge, Low Inventories, Housing Shoppers Stressed – Where’s Manufactured Housing?

 

 

Thursday 4.19.2018

 

U.S. Housing Trends and Manufactured Housing, Investor Data

U.S. Housing Trends and Manufactured Housing, Investor Data

Economic Confidence, But Concerns About Housing Signals, Plus MH Market Updates

 

Recent Polling Favors President Trump, Generic Ballot Sliding toward GOP, Manufactured Home Industry Implications?

HUD and Census Bureau Report Residential Construction Activity in March 2018

HUD and Census Bureau Report Residential Construction Activity in March 2018

 

Wednesday 4.18.2018

Troubled MH Communities Harming Manufactured Home Owners, Industry

Consumer Confidence, Manufactured Home Sales, Plus MH Market Updates

 

“No Nails, No Glue,” Architect Creates ‘IMBY’ Flat Pack PreFab

“No Nails, No Glue,” Architect Creates ‘IMBY’ Flat Pack PreFab

Who Will Google and YouTube Silence Next?

 

 

Tuesday 4.17.2018

NY Stern University’s Scott Galloway on Facebook Founder Mark Zuckerberg’s Capitol Hill Hearings

On Tax Day, Debate – Is Taxation Moral or a Form of Theft? – Plus MH Market Updates

Manufactured Housing – Regulatory, Other Roadblocks and Potential Solutions, Up for Growth Research, plus Urban Institute Report Revisited

Manufactured Housing – Regulatory, Other Roadblocks and Potential Solutions, Up for Growth Research, plus Urban Institute Report Revisited

Hawaii’s First “Trailer Park” on Oahu – Civil Beat’s Report Draws Heat

Hawaii’s First “Trailer Park” on Oahu – Civil Beat’s Report Draws Heat

 

Monday 4.16.2018

Within an Ongoing Wave of Routinely Problematic Media Reports, What Do Actual Manufactured Home Owners Say?

Stocks Rally on Economic, Earnings, and Geo-Political News – Plus MH Market Updates

“Silver Bullet,” Manufactured Housing’s Monday Morning Sales Meeting

“Silver Bullet,” Manufactured Housing’s Monday Morning Sales Meeting

Emerging Trends, Opportunities, Reflected in Interview with America’s First Black Billionaire, Robert Johnson

Sunday 4.15.2018

Sunday Morning Weekly Recap – Manufactured Housing Industry Headline News 4.8.2018 to 4.15.2018

Sunday Morning Weekly Recap – Manufactured Housing Industry Headline News 4.8.2018 to 4.15.2018

And that’s all she wrote during the week that was… ## (News, analysis, and commentary.)

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Progressive “Nation” Reports on Monopolies Cites Buffett, Clayton, Others – MH Industry Impact?

March 1st, 2018 Comments off

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It’s a threat to this industry, and the majority of Americans, unlike any the U.S. has experienced before.

 

Who says?

 

The Nation,’ a self-described progressive publication in a series of reports on monopolies that specifically mentions manufactured housing, and Warren Buffett’s brands.

But as other reports linked reflect, this isn’t a left-right issue.  It entirely non-partisan.  What makes the Nation’s take on this particularly interesting is precisely because Buffett touts progressive views.

MediaBiasChartSharylAttkissonLeftRightPostedDailyBusinessNewsMHProNews

Full Measure’s Sharyl Attiksson’s media bias chart is useful in sorting out the agendas behind various headlines and news sources.  The Nation graphic is just below the Atlantic, near the left center of the image above.

 

Buffett makes no secret of his fondness for monopoly. He repeatedly highlights the key to his personal fortune: finding businesses surrounded by a monopoly moat, keeping competitors at bay. “[W]e think in terms of that moat and the ability to keep its width and its impossibility of being crossed,” Buffett told the annual Berkshire Hathaway meeting in 2000. “We tell our managers we want the moat widened every year.””

 

Warren Buffett, “the Moat,” Manufactured Housing, Berkshire Hathaway, Clayton Homes, 21st Mortgage, Vanderbilt, Wells Fargo, NAI…

 

That’s a very similar point raised by MHProNews on our ongoing series of reports on the Berkshire Hathaway, Buffett’s “the Moat,” and the video interview with Kevin Clayton, where Clayton Homes CEO speaks about the moat and allegedly anti-competitive practices freely several times during the 57 minute video.

 

JournalistDavidDayenNationInterceptDailyBusinessNewsMHProNews

America isn’t supposed to allow moats, much less reward them,” writes David Dayen in The Nation special report.

Our economic system, we claim, is founded on free and fair competition. We have laws over a century old designed to break up concentrated industries, encouraging innovation and risk-taking. In other words, Buffett’s investment strategy should not legally be available, to him or anyone else.”

The Nation is making a point that the problem of monopolistic practices goes beyond Buffett and Berkshire, but it clearly says includes him and his brands, Clayton Homes among them, as will be noted further below.

A different report linked below includes a video with experts that raise that same concern as The Nation’s special report.

So the Nation’s concerns are clearly not a one off. It’s a growing chorus, from sources as far right as Breitbart, to as far left as the Nation, and others in between.

FreeMarketsAreForChumpsWarrenBuffettInsistsOnMonopolyMoatsTheNationDailyBusinessNewsMHProNews

That’s blunt talk from the Nation.

Rephrasing, manufactured housing professionals, legal authorities, and regulators can’t ignore these growing number of concerns.

 

 

Over the past 40 years, however, the United States has not only failed to build bridges across monopoly moats; it has stocked those moats with alligators. Two-thirds of all US industries were more concentrated in 2012 than in 1997, The Economist has documented. Since the Reagan era, the federal government has abandoned antitrust enforcement, with markets for products like eyeglasses, toothpaste, beef, and beer whittled down to a few suppliers. This consolidation has vastly inflated corporate profits, damaged workers and consumers, stunted economic growth, and supercharged economic inequality.”

That could roughly sum up MHProNews concerns about the impact of monopolistic practices on manufactured housing, consumers, and small to mid-sized businesses that aren’t Buffett dominated Manufactured Housing Institute (MHI) ‘insiders.’

But Buffett’s example has helped intensify US monopolization, as other investors mimic his approach of finding companies surrounded by moats. The ownership class has subsequently built up unwarrantedly large holdings, concentrating its investment in companies that further increase market power. In other words, Buffett isn’t following America on the road to oligarchy; he’s leading it.”

Isn’t that pattern occurring in manufactured home production, retail, and lending?  But also with manufactured home land-lease communities, and suppliers too?

GusRodriguezTejasHomesConroeTXIndustryVoicesDailyBusinessNewsMHProNews

The following quote from the Nation also mirrors and dovetails the Daily Business News analysis of the same event, some weeks ago. Which is again to say that facts and reason are non-partisan.

Americans falsely look to these oligarchs to solve our problems, allowing them to amass more power. For example, the recent joint effort by Buffett’s Berkshire Hathaway, Amazon, and JPMorgan Chase to transform the US health-care system is vague and rather mundane—most large companies try to drive down health-care costs by leveraging their size. But when three of the age’s biggest monopolists follow the trend, it’s uncritically treated as front-page news, sending health-care stocks plummeting. A stray press release from Buffett can move billions of dollars in his favor.”

Buffett, Bezos – Time Announcement to Drop Market Ahead of SOTU? Plus MH Market Update$

Warren Buffett should not be celebrated as an avatar of American capitalism;” says Dayen, “he should be decried as a prime example of its failure, a false prophet leading the nation toward more monopoly and inequality.”

In a different article, The Nation cites Senator Elizabeth Warren (D-MA) taking a shot at both Presidents Obama and Bush over their lack of response to the rising threat to the economy, small businesses, and jobs from monopolies.

In Dayen’s analysis, he isn’t just calling Buffett a monopolist, he’s arguably calling him a hypocrite, as the graphic below from the same article demonstrates.

BuffettSaysHeSupportsFairerTaxesButOwns22BillionofTaxEvaderAppleTheNationDailyBusinessNewsMHProNews

David Dayen might as well have said, ‘can you spell hypocrisy?’

 

The Nation’s Series on Monopolies Lays Out How Its Done…

“…Insurance premiums don’t get immediately paid out in claims; while the cash sits, Buffett can invest it. This is known as “float,” and Berkshire Hathaway’s float has ballooned from $39 million in 1970 to approximately $113 billion as of last September. It’s a huge advantage over rival investors—effectively the world’s largest interest-free loan, helping to finance Buffett’s pursuit of monopoly,” said Dayden.

The Nation cites examples in aviation, Internet, and banking among its examples of how Buffett’s alleged monopolies operate.

As of last September, Buffett’s financial-industry holdings approximate an astonishing $66.9 billion—more than 37 percent of his portfolio. He is Wells Fargo’s largest shareholder, and he recently became the largest shareholder in Bank of America as well, the result of a post-financial-crisis deal allowing Buffett to convert an injection of capital into common stock. That conversion earned him $12 billion overnight. A similar crisis-era investment in Goldman Sachs spawned a $3 billion payday.”

Note too that Clayton Homes is classified under financial services on Berkshire’s annual report.

 

Warren Buffett’s Annual Report to Berkshire Hathaway Shareholders, Clayton Homes and Manufactured Housing

 

Another monopolistic play of Buffett’s cited by the Nation are news outlets. That too was part of MHProNews’ recent reflections on the Berkshire annual letter, linked above.

Those media holdings of Buffett’s matter to manufactured housing, because of the following simple question.

Why doesn’t Berkshire Hathaway leverage their media assets to reply to every negative news story that comes out that could be debunked about manufactured housing?

 

MHProNews analysis of the question yields a simple answer.  Bad press is arguably one more method of widening “the Moat,” because Buffett’s brands can better withstand such media pressures, while smaller players in manufactured housing are more likely to suffer.

Among his first investments were newspapers, including the 1977 purchase of the Buffalo Evening News. Buffett immediately targeted the News’s rival, the Courier-Express, by launching a Sunday edition. By 1982, the Courier-Express was out of business, and Buffett’s local monopoly became his largest single investment. Even today, despite the Internet, Buffett owns 31 daily newspapers, most of them local monopolies,” wrote Dayen.

 

Clayton Specific

Then comes the Nation’s comments on Clayton, and the Preserving Access to Manufactured Housing Act.

A more brutal example involves Berkshire Hathaway subsidiaries Clayton Homes, the nation’s largest mobile-home builder, and Vanderbilt Mortgage, its companion lender. A series of journalistic investigations in 2015 found that the companies targeted minorities with high-pressure sales tactics, issuing loans swollen with hidden fees. African-American, Native American, and Latino borrowers received higher interest rates, even if their fellow white borrowers earned less. When the loans failed, Clayton repossessed and resold the homes, earning more fees each time. The Consumer Financial Protection Bureau’s complaint databases are littered with hundreds of comments about Clayton and Vanderbilt. “This type of behavior by any lender is despicable and absolutely intolerable,” wrote one complainant.”

The Nation focuses on Buffet’s defense, but it is worth noting that Berkshire’s Vice Chair, Charlie Munger admitted in a video interview with CNN posted below that he presumes some mistakes have indeed happened.

I have no doubt that somebody somewhere has cheated some poor person,” Munger said near the end of this 3 minute clip.  “There are going to be episodes of trouble,” Munger said of Wells Fargo and other banks they hold a large stake in. As MHProNews has spotlighted, Wells does manufactured home lending too, and lends on manufactured home communities.

 

Berkshire Vice-Chair Munger is right in defending manufactured housing’s service to the low income buyers, which does provide laudable opportunities for home ownership. But Munger exaggerated his claim that everyone in the industry was making bad loans to people with bad credit. Companies like Triad Financial never did, and weathered the storm well as a result.

Another exaggeration by Munger is the 97 percent success rate claim on loans to those with poor credit.  That’s a 3 percent default rate per year.  As an award-winning industry lender told MHProNews, that statistical implies that during the first 7 years of the loan, that’s a total of a 21 percent default rate.

One can argue that’s still good for the other 79 percent who are successful. So, why did Munger phrase it as he did?

While making some interesting admissions, part of Munger’s statements gloss over troubling realities.  The challenge raised by industry professionals that called in today voiced to MHProNews is this.  One must have a level of industry knowledge to truly understand all that is occurring.

Furthermore, small businesses are busy running their businesses.  They don’t always have time to dig into in-depth reports, no matter how important.

That too is part of Buffett’s ‘plan,’ as the quotes in the report linked and the Clayton video interview also linked from this page reflect.

“Perverse”–Warren Buffett-Dodd-Frank, CFPB, Manufactured Housing, Loans, Independent Businesses Fact Check$

Kevin Clayton Interview-Warren Buffett’s Berkshire Hathaway, Clayton Homes CEO

 

Back to the Nation’s narrative…

Buffett has publicly defended the businesses, which earned $744 million in 2016. He even tried to attack the credibility of a critical reporter, because the reporter’s sister worked at a law firm that sued Clayton. In 2017, Buffett vowed that Clayton Homes would grow, despite admitting that it foreclosed on one out of every 40 properties the previous year—over three times the national average,” said the Nation.

Last December, the House of Representatives passed a bill to further deregulate the manufactured-home industry, eliminating consumer protections and disclosure requirements under statutes like the Truth in Lending Act. If the bill becomes law, Clayton Homes salespeople could legally steer borrowers to high-cost loans, which traditional mortgage brokers are barred from doing. As Maxine Waters, ranking Democrat on the House Financial Services Committee, said on the House floor, “This bill makes it easier for financial titans like billionaire Warren Buffett to earn even more profits, at the expense of some of the most vulnerable consumers in this country,” said Dayden.

 

Progressive “The Nation” Blisters Buffett’s ‘Monopolistic’ Practices as Harmful to Americans & Business

Perhaps easily overlooked is an important revelation in the very beginning of Dayden’s column, the relationship between Buffett, Moody’s and the housing/mortgage collapse.

After the worst financial collapse since the Great Depression, three officials from the Financial Crisis Inquiry Commission visited Warren Buffett at his office in Omaha, Nebraska. They wanted to ask America’s most successful investor about his 24 million shares in the credit-rating agency Moody’s. The commission would later identify Moody’s and other rating agencies as “key enablers of the financial meltdown,” for granting super-safe triple-A ratings to securities that were backed by junk mortgages. Trillions of dollars’ worth of rotten financial instruments—the fuel of the crisis—“could not have been marketed and sold without [the rating agencies’] seal of approval,” the commission concluded.”

Recall that MHProNews made a similar point, in saying that what Kevin Clayton called the professorial Buffett may well have seen what was coming, and he prepared his manufactured housing interests to take advantage of it.

 

During that May 26, 2010, meeting [with officials], Buffett deflected responsibility for Moody’s actions. “I knew nothing about the management of Moody’s,” he told the federal investigators, explaining candidly why he owned so much stock: Moody’s faced practically no market competition,” stated the Nation.

More will follow as MHProNews will continue to examine other aspects of the Nation’s series, including bi-partisan calls for a breakup of the monopolistic companies, such as Berkshire Hathaway, and Clayton Homes, for how their activities are apparently harming the American economy, millions of citizens, small businesses, and taxpayers.

Until then, the links shown reflect facts that the Nation may not have known, but news tips to MHProNews has uncovered.

MHProNews reached out once more earlier today to Clayton, MHI and others – who declined comment. A download of the full column by Dayen, is linked here. The link to his thoughtful article on The Nation, is below.

https://www.thenation.com/article/special-investigation-the-dirty-secret-behind-warren-buffetts-billions/

We Provide, You Decide.” ©  ## (News, analysis, and commentary.)

Why is MH Not Roaring?

Urban Institute Ask for Correction in Analysis of their Manufactured Housing Research, “Follow the Facts,” “Follow the Money”

“Starting” Dip in Home Sales, New Crisis Says Housing Experts

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Kevin Clayton Interview-Warren Buffett’s Berkshire Hathaway, Clayton Homes CEO

January 15th, 2018 Comments off

CharlieMungerWarrenBuffettKevinClaytonCEOClaytonHomesBerkshireHathawayCompanyVideoInterviewMHProNews525

Let’s be plain spoken.

This video could be an eye opener for any long-term player considering all the reasons why manufactured housing is poised to boom. Clayton and Buffett apparently believe that to be true.

So there are ‘good news,’ and big opportunities aspects to this video interview, for the savvy, disciplined and motivated professional.

But there are arguably also darker elements to this same video interview.  The video is near the end of this post, and what follows are related infomation that will clarify why this video interview with Kevin Clayton is so eye-opening.

 

Clayton Homes, and sister operations such as 21st Mortgage and Vanderbilt Mortgage, have been accused of chocking off lending that killed off manufactured home competitors.

To rephrase, Clayton’s been accused of shrewd, monopolistic and other problematic practices that will yield them untold billions in the long run.  Is that fair or true?

This video will help some understand, and thus answer those questions and allegations, the opportunities and the implications.

  1. You can skip to the video, near the end of this post, or
  2. you can read the commentary, which provides viewing tips, and related links, documents, and information.  “We Provide, You Decide.”   ©
  3. Prediction? For those who grasp what this video interview with Kevin Clayton and the related research, such as the links posted below, means — it’s a bombshell in the manufactured home, and broader housing industry.

Bombshell Video Viewing Tips

One of the several ways of viewing this nearly hour long video interview of Kevin Clayton, CEO of Clayton Homes is through the lens of those opportunities, and those accusations.

Why?

Because Kevin Clayton and apparently pro-Buffett, pro-Berkshire Hathaway author Bob Miles are freely discussing the ways that Buffett,

  • using Clayton,
  • long-term thinking,
  • the power of capital and financing,
  • and his “Moat” strategies to dominate the industry.

Others with deep pockets could view this, and decide how the problematic parts are avoided of their plans, but how billions of dollars in opportunities are tapped.

Independents need to consider what this means to them, too.  Because the case can be made that those independents are the targets of Clayton and the ‘big boys.’

Warren Buffett, “the Moat,” Manufactured Housing, Berkshire Hathaway, Clayton Homes, 21st Mortgage, Vanderbilt, Wells Fargo, NAI…

Interviewer Miles asks, and Kevin answers very plainly, about the two types of competition Warren Buffett hates.

Those 2 answers are revealing.

They are important to literally everyone in the industry.

Clayton touts how brilliant Buffett is.  Kevin says that through Buffett’s contacts and “professorial” research, and how intimately “Warren” understands the industries he is interested in.

The Open Plan to Dominate, and How to Drive Out Competitors?

So, if you wanted to dominate an industry – which they make plain in this video is part of their goal – why not dominate in part through

  • a combination of heavy regulations, often from the federal government,
  • and control of the Manufactured Housing Institute (MHI)?

There are already launched, Congressional, legal, non-profit, and other industry sources investigating Clayton and their sister units in Berkshire Hathaway.

By extension, the Manufactured Housing Institute (MHI) which they dominate is also being scrutinized.

How does Buffett/Berkshire/Clayton dominate MHI? Through dues, their executive committee structure, and via their moat influences.

Manufactured Housing Institute (MHI) Gives Written Responses – “Part of a Rigged, Corrupt System”

We plan to return to this video several times.  One of the reasons will be in light of new documents that we have obtained from MHI. Watch for that upcoming Daily Business News report, which names names, and will literally let you follow the money trail.

The Kevin Clayton video interview itself is rather relaxed.  In doing our requirements as the industry’s trade media under fair use legal guidelines, we’ve provided notes and references within the video itself.

There’s nothing else quite like this in manufactured housing that we know of at this time.

For those who’ve been harmed by choking off credit, this video and the Smoking Gun documents/reports are must read/must viewing.

EricBelksyManufacturedHousingIndustryManufacuredHomeManufacturedHousingInstituteResearchDataAffordbleHousingMHProNewsDailyBuisnessNews575

The case is made by Clayton himself, in his own words, how vital credit is.  Clayton said himself, how choking off credit pushed them into bankruptcy, some years ago.  They vowed never to let that happen again.

But what other lessons did that teach? How are those lessons being applied?

Choking credit off has also been a killer for hundreds of firms and thousands of locations that would either close, or be forced to ‘consolidate’ – sell off – to larger firms.

Killing Off 100s of Independent Manufactured Home Retailers, Production Companies – Tim Williams/21st Mortgage “Smoking Gun” Document 2

As noted, any thoughtful investor ought to look at this.

Why?  Because it’s a road map for the kind of long-term strategy that has allowed Berkshire Hathaway to dominate the industry.

$100sBillionsComingUS2018ManufacturedModularPrefabHousingIndustryDailyBusinessNewsMHProNews

http://www.mhpronews.com/blogs/daily-business-news/100s-of-billions-will-pour-into-u-s-in-2018-how-much-of-that-capital-will-deploy-in-manufactured-prefab-housing/

If you are – or know – an independent that has been forced out of the industry due to financing (or a lack of it), then this video is must viewing.  Please consider sharing it.

GSE’s Duty to Serve MH Rigged, Benefits 21st, VMF, Clayton, Buffett’s Berkshire, Harming Consumers & Independents, per MH CEO, Calls for Congressional Investigation

Unless you are an MHI insider company, isn’t this a wake up call for you?

Why would you pay MHI membership dues, once you understand that they are an extension of the Clayton/Berkshire/Buffett moat plan?

Why would you trust anything that MHI has to say – without a load of salt – once you understand this video and these reports?

‘We Want Your Money’ – 2018 MHI Membership, Infographic Fact Check

Broad Brush Topics Covered by the Kevin Clayton Video Interview, Below

Kevin speaks about some of the things one might expect in an in-depth, nearly one hour, video discussion.  

These include, but aren’t limited to:

> Faith, family, and leading a balanced life.

> Leadership, and management styles.

> Company history, including quite a bit about his father and the company’s entrepreneurial founder, Jim Clayton.

http://www.mhpronews.com/featured-articles/january-2018/a-cup-of-coffee-with-jim-clayton-part-ii

That said, this video further below with Kevin should be of keen interest to:

  • manufactured housing industry pros,
  • Clayton employees,
  • competitors,
  • independent Clayton retailers and communities,
  • investors, and fund managers,
  • elected officials,
  • regulators,
  • attorneys,
  • associations,
  • other news media,
  • and to the public at large. 

What specifically should be underscored are the following ‘hot topic’ elements of Kevin’s interview.  They include, but aren’t limited to:

  1. Working with Warren Buffett,
  2. what Kevin says near the end about the ‘ugly’ legal battle Chairmen Buffett led Berkshire Hathaway engaged in to get Clayton Homes away from rival buyers,
  3. the importance and value of having no capital worries,
  4. how much of the profit from Clayton’s five interlaced ‘vertically connected’ units is actually derived from financing,
  5. why Berkshire classification of their firm is under financial services, rather than some other category – such as ‘housing,’
  6. the value that ‘professorial’ and studious Buffett’s long-term planning gives Clayton, relative to competition,
  7. significant insights on industry quality, durability, an a planned image campaign vs. the stigma, and much more.

What couldn’t be missed is how often Kevin uses “the Moat” term. Clearly, its a central tenant of their operation, as he himself said.

Field Reports – Clayton to Continue Push for Industry Dominance

Kevin stresses “the Moat” numerous times, in and in several different ways.

Clayton strated that competition and “the moat,” are among the few key messages Buffett drives home with Clayton, and other Berkshire CEOs. 

Once someone understands that background to the moat, how can they construe the words to be anything but monopolistic?   

Doesn’t this explain why Clayton/Berkshire dominated MHI is loath to debate and discuss key issues?

Manufactured Housing Institute (MHI) SVP Rick Robinson Ducks Serious Industry Questions in Deadwood

Democratic and GOP forces will find this of interest, for their own reasons.

Maxine Waters Statement, Preserving Access Manufactured Housing Act 2017, Warren Buffett, Clayton Homes

President Raises the M-Word, “Monopoly,” Plus Manufactured Housing Industry Market Update$

There are several points where Kevin confirms in his own words various reports made by MHProNews, and/or by the Manufactured Housing Association for Regulatory Reform (MHARR).

While most of Kevin and/or Miles’ dialogue and statements hang together, there are few forward looking or other statements that don’t seem to have proven accurate. 

Among those is a statement by Kevin – watch the video for his precise wording – that independent retailers would always be a lion’s share of their sales. 

In fact, since the original version of this video was posted, the projections made by IBISWorld and The Atlantic magazine are apparently bearing out, not Kevin’s claim. 

It’s no secret. 

The big boys plan to dominate, recall the recent report, shown below.  Editorially, we don’t think it has to be this way, but there are clearly those who want it this way.

Clayton’s ‘vertically integrated’ operations – combined with regulatory over-reach, and a credit crunch – could drive the independently owned businesses out. Isn’t that what happened?

With the understanding of the leverage they gained by choking off lending, via their two ‘smoking gun’ documents from 21st Mortgage linked above, is it any wonder that so many businesses failed or sold out since 2010?  Are you or is someone you know among them?

Kevin and the interviewer chuckle over the two types of competition Warren dislikes, foreign and domestic

Ken Corbin “the 10,000 Drop,” points to Industry Woe, Causes of Manufactured Housing’s 10 & 20 Year Collapse?

In fact, the reports published by MHProNews are brought to life by Kevin himself, in his own words.

“Perverse”–Warren Buffett-Dodd-Frank, CFPB, Manufactured Housing, Loans, Independent Businesses Fact Check$

The links above and below are just some of the reasons why this video will likely be reviewed and referenced for years to come. It will be viewed by friends of Clayton/Buffett/Berkshire/MHI, and those who oppose them. 

Will be viewed by those who may want to seek legal compensation for being wronged? 

Lawsuits for Triple Damages – Anti-Trust, Anti-Monopoly Law, Manufactured Housing, and You

The Genius of Buffett, Explained by Kevin Clayton

For example, Kevin stresses how deep the genius, information, connections and insights Buffett has. 

Won’t that makes one think about their widely acknowledged dominance – via dues and the executive committee structure – of the Manufactured Housing Institute?  If they are such genius, then why has it taken so long to get Preserving Access passed, unless passage fast, slow or never was part of their genius plan? 

Manufactured Housing Institute VP Revealed Important Truths on MHI’s Lobbying, Agenda

As another example, what about the Duty to Serve Manufactured Housing by the Government Sponsored Enterprises (GSEs)?  When Kevin stresses their high profits from finance, why would Clayton dominated MHI allow DTS to advance into chattel a rapid, or meaningful way? Doesn’t that help explain why Tim Williams and his counterpart and Vanderbilt weren’t transparent with their data with the GSEs?

Duty To Serve, “Complete Waste of Time” per Tim Williams, CEO/21st Mortgage; POTUS Trump, Warren Buffett Insight$

In keeping with fair use guidelines – as noted – several spotlights and text commentary has been added. But no edits or changes have been made to the words spoken by either man in this interview.

Rather, several key or interesting points Kevin and/or Bob Miles, the author of the Warren Buffett CEO makes, are enhanced without changing their words.

Theoe will help other researchers, including media, and those engaged in legal or regulatory oversight, to better grasp just what Kevin’s or Miles’ words mean.

ELS’ Sam Zell – Compliance Costs Destroys Smaller Businesses = Consolidation

 

The video interview, combined with the linked reports, are strong example of the truth hiding in plain sight. 

There was no rush for Clayton, 21st, or VMF to get Preserving Access done. Who says?  Isn’t that part of what’s implied in their long term strategy comments? Isn’t that the value of not having to make a profit for years, as Kevin says during the interview?

“Accurate, but Misleading” MHI Preserving Access to Manufactured Housing Act Alert – ‘Weaponized New$,’ Fact Check$

Using his own words, since this video was produced, Clayton homes share of manufactured housing has roughly doubled.

There was ‘no bones’ made during the interview about using every competitive advantage – hear in his own words as to how that is said – so they could to grow and beat their rivals.  But are there methods legitimate, and legal?  Has MHI become a protection racket?

MHARR’s recently published concerns over the new class of manufactured housing recently announced ought to be carefully considered in the light of Kevin touting just how good the product already was then. Why the need for a new class of manufactured home? Is it as another cudgel to wield against competition? 

Regulations are barely mentioned.

Doesn’t that lack of concern speak volumes? Again, isn’t that fitting with the allegations, documents and reports previously reported?

MHARR vs. MHI on DOE Energy Rule, Pushback Pay$ Off?

The ‘Smoking Gun 2’ and it’s related previous and another document-included 21st Mortgage Report need to be carefully studied. Why? Because if Buffett had all that cash to do whatever Kevin wanted. Can’t the case be made that the purpose for curtailing financing for others was just as alleged?

To drive hundreds of companies out of business, or forced to sell out for less than their potential value. These are companies that may have otherwise been sustained. 

When the Buffett connections allows the regulatory foot comes off the brakes, do they expect to have clear sailing to dominate, not just manufactured housing, but all housing?

Time Travelers, and the Future of American Homes

Kevin hammers on the affordable home crisis. How manufactured homes are the future, much as Alan Amy said in the video interview with MHLivingNews. 

NAR’s Yun – No Quick Fixes Spell$ Manufactured Housing Opportunitie$

What drew no complaints or comments was Dodd-Frank, the CFPB, or any regulatory issue that are heard in association meetings. Why not?  Could it be just as MHProNews, MHARR or others have long stressed?

It’s a big interview.

It’s historic insights. 

It could lead to serious changes, and potential investigations, and cases.

When couple led with an upcoming report about what Richard “Dick” Jennison and new MHI documented materials that is soon to be published, those that have been on the fence over MHI’s lack of success in advancing the industry’s cause ought to have all they need…

…when Kevin Clayton says several of the same allegations and concerns, in said in his own words, that MHProNews, MHLivingNews, industry members, and MHARR have pointed out. 

The truth has been hiding in plain sight as to why the industry hasn’t already taken off.  

For example, why did MHI start moving away from land-home promotion?  When the brochure below was published – pre-Berkshire Hathaway ownership of Clayton, longer term loans were promoted.  Today, why are chattel loans are 80 percent of all financing on manufactured homes?  Is it because so much of Clayton’s/Berkshire’s revenue flows from it?

Appealing Manufactured Housing Institute (MHI) Marketing, Finance Booklet Reviewed

Kevin Clayton and Bob Miles talk, joke, brag, glow and occasionally laugh about the power that Buffett’s Berkshire provides Clayton Homes, and their brands.  

 

FollowTheMoneyPayMoreAttentionToWhatPeopleDoThanWhatTheySayMartyLavin6MillionYachtManufacturedHousingIndustryDailyBusinessNews600

Lavin is an MHI award winner, and a success story in communities, retail and finance.

It’s your money. MHI wants it. 

‘We Want Your Money’ – 2018 MHI Membership, Infographic Fact Check

Won’t MHI use it to support the Clayton/21st/VMF/Berkshire Hathaway “moat” over your interests?   

Here’s the video.

 

We Provide, You Decide.” © ## (News, analysis, commentary.) 

(Note, all third party images are shown under fair use guidelines.)

Ready to fight back?  Services Link Click here.

ThereAreOnly2WaysToLearnOwnOthersExperiencesLATonyKovachManufacturedHousingIndustryMHProNews-575x235By L.A. “Tony” Kovach.

Lawsuits for Triple Damages – Anti-Trust, Anti-Monopoly Law, Manufactured Housing, and You

January 4th, 2018 Comments off

AntiTrustLegalGavelAntiMonopolyManufacturedHousingMHProNews

The Clayton Act also authorizes private parties to sue for triple damages when they have been harmed by conduct that violates either the Sherman or Clayton Act and to obtain a court order prohibiting the anticompetitive practice in the future,” says the Federal Trade Commission website page, further linked below.

Section 7 of the Clayton Act prohibits mergers and acquisitions where the effect “may be substantially to lessen competition, or to tend to create a monopoly,” per the same federal facts page.

 

The Sherman Act outlaws “every contract, combination, or conspiracy in restraint of trade,” and any “monopolization, attempted monopolization, or conspiracy or combination to monopolize.””

Long ago, the Supreme Court decided that the Sherman Act does not prohibit every restraint of trade, only those that are unreasonable. For instance, in some sense, an agreement between two individuals to form a partnership restrains trade, but may not do so unreasonably, and thus may be lawful under the antitrust laws.”

On the other hand, certain acts are considered so harmful to competition that they are almost always illegal.”

These include plain arrangements among competing individuals or businesses to fix prices, divide markets, or rig bids. These acts are “per se” violations of the Sherman Act; in other words, no defense or justification is allowed,” their overview page states.

The quotes above are highlights from the FTC text below, which is shared verbatim as follows for their complete context.

Note that after this section, there will be additional comments and links to information for those impacted or researching this high-profile topic.

The Antitrust Laws, Per the FTC

FederalTradeCommisionWikipediaDailyBusinessNewsMHProNews“Congress passed the first antitrust law, the Sherman Act, in 1890 as a “comprehensive charter of economic liberty aimed at preserving free and unfettered competition as the rule of trade.” In 1914, Congress passed two additional antitrust laws: the Federal Trade Commission Act, which created the FTC, and the Clayton Act. With some revisions, these are the three core federal antitrust laws still in effect today.

The antitrust laws proscribe unlawful mergers and business practices in general terms, leaving courts to decide which ones are illegal based on the facts of each case. Courts have applied the antitrust laws to changing markets, from a time of horse and buggies to the present digital age. Yet for over 100 years, the antitrust laws have had the same basic objective: to protect the process of competition for the benefit of consumers, making sure there are strong incentives for businesses to operate efficiently, keep prices down, and keep quality up.

Here is an overview of the three core federal antitrust laws.

The Sherman Act outlaws “every contract, combination, or conspiracy in restraint of trade,” and any “monopolization, attempted monopolization, or conspiracy or combination to monopolize.” Long ago, the Supreme Court decided that the Sherman Act does not prohibit every restraint of trade, only those that are unreasonable. For instance, in some sense, an agreement between two individuals to form a partnership restrains trade, but may not do so unreasonably, and thus may be lawful under the antitrust laws. On the other hand, certain acts are considered so harmful to competition that they are almost always illegal. These include plain arrangements among competing individuals or businesses to fix prices, divide markets, or rig bids. These acts are “per se” violations of the Sherman Act; in other words, no defense or justification is allowed.

The penalties for violating the Sherman Act can be severe. Although most enforcement actions are civil, the Sherman Act is also a criminal law, and individuals and businesses that violate it may be prosecuted by the Department of Justice. Criminal prosecutions are typically limited to intentional and clear violations such as when competitors fix prices or rig bids. The Sherman Act imposes criminal penalties of up to $100 million for a corporation and $1 million for an individual, along with up to 10 years in prison. Under federal law, the maximum fine may be increased to twice the amount the conspirators gained from the illegal acts or twice the money lost by the victims of the crime, if either of those amounts is over $100 million.

The Federal Trade Commission Act bans “unfair methods of competition” and “unfair or deceptive acts or practices.” The Supreme Court has said that all violations of the Sherman Act also violate the FTC Act. Thus, although the FTC does not technically enforce the Sherman Act, it can bring cases under the FTC Act against the same kinds of activities that violate the Sherman Act. The FTC Act also reaches other practices that harm competition, but that may not fit neatly into categories of conduct formally prohibited by the Sherman Act. Only the FTC brings cases under the FTC Act.

The Clayton Act addresses specific practices that the Sherman Act does not clearly prohibit, such as mergers and interlocking directorates (that is, the same person making business decisions for competing companies). Section 7 of the Clayton Act prohibits mergers and acquisitions where the effect “may be substantially to lessen competition, or to tend to create a monopoly.” As amended by the Robinson-Patman Act of 1936, the Clayton Act also bans certain discriminatory prices, services, and allowances in dealings between merchants. The Clayton Act was amended again in 1976 by the Hart-Scott-Rodino Antitrust Improvements Act to require companies planning large mergers or acquisitions to notify the government of their plans in advance. The Clayton Act also authorizes private parties to sue for triple damages when they have been harmed by conduct that violates either the Sherman or Clayton Act and to obtain a court order prohibiting the anticompetitive practice in the future.

In addition to these federal statutes, most states have antitrust laws that are enforced by state attorneys general or private plaintiffs. Many of these statutes are based on the federal antitrust laws.”

The above is quoted verbatim from the page, linked below.

https://www.ftc.gov/tips-advice/competition-guidance/guide-antitrust-laws/antitrust-laws

 FederalTradeCommissionWashingtonDCBuildingDailyBusinessNewsMHProNews

 

Anti-Trust (Anti-Monopoly) Laws, Manufactured Housing, and You

During an affordable housing crisis, how is it possible that manufactured housing is doing so poorly?

MultipleReasonsExpectManufacturedHousingDoBetterThanSiteBuiltHousingEricBelskyEecDirJointCenterHousingStudiesHarvardUnivDailyBusinessNewsMHProNews

At the time Belsky made this prediction, manufactured homes were selling over 250,000 new units per year. This year, MH won’t reach 40,000 of that total. What happened?

NAR’s Yun – No Quick Fixes Spell$ Manufactured Housing Opportunitie$

Was it a series of mishaps?  Or what is part of a plan, to allow the regulatory state to be used to crush many, so that those who built “the moat” could benefit?

ELS’ Sam Zell – Compliance Costs Destroys Smaller Businesses = Consolidation

Antitrust, or anti-monopoly laws exist, as the FTC said, because it harms businesses and consumers alike.

Warren Buffett, “the Moat,” Manufactured Housing, Berkshire Hathaway, Clayton Homes, 21st Mortgage, Vanderbilt, Wells Fargo, NAI…

Are there reasons to think to think this may apply to manufactured housing?

That’s for a court to decide, and for attorneys who contemplate such a case to consider, and argue. That said, consider this.

Manufactured Housing Institute VP Revealed Important Truths on MHI’s Lobbying, Agenda

As the Daily Business News has previously reported, there have been thousands of companies that have closed or were acquired in the manufactured housing industry by larger operations. Was this the result of a plan, part of the moat strategy, of Warren Buffett led Berkshire Hathaway, as it applies to the manufactured housing industry?

Killing Off 100s of Independent Manufactured Home Retailers, Production Companies – Tim Williams/21st Mortgage “Smoking Gun” Document 2

There are certainly Democratic lawmakers who have raised this issue, and others, who have specifically called Clayton Homes and their Berkshire Hathaway sister companies of 21st Mortgage and Vanderbilt Mortgage, a ‘near monopoly.’

Maxine Waters Statement, Preserving Access Manufactured Housing Act 2017, Warren Buffett, Clayton Homes

As MHProNews began reporting for almost a year, there are also those within the ranks of the industry, who have called out MHI – widely seen within and outside of the industry as dominated by Berkshire Hathaway – as a tool of Warren Buffett led brands.

CampaignForAccountabilityNearMonopolyRacismSteeringPredatoryLendingClaytonHomesVanderbilt21stBerkshireHathawayWarrenBuffettLogosManufacturedHousingMHProNews

Not because these reports are among the most read articles,
but because there are voices within and outside of MH that say that this matters,
and because readers thank MHProNews for “having the guts” to cover it on behalf of the independents and consumers – who allegedly have been, are being, or will be harmed – we’ve taken this issue on.

Duty To Serve, “Complete Waste of Time” per Tim Williams, CEO/21st Mortgage; POTUS Trump, Warren Buffett Insight$

Allegations like those noted in or linked from this article have been carefully examined, per sources to MHProNews, from within Berkshire Hathaway owned brands and from MHI.

Given that MHProNews has invited replies we would publish, why have they not done so?

Given the fact that MHProNews’ publisher has invited a public debate MHI performance and related issues, why hasn’t Gooch, their attorney Rick Robinson (who as an attorney, is essentially trained in debating), or Richard “Dick” Jennison taken up the invitation?  Such a debate could be done via a recorded video, so that the entire industry could see it.

Why has MHI ducked out on that? Why didn’t MHI’s communication professional, Patti Boerger, join the panel discussion on “engaging the media” she was invited to at Tunica in 2017?

Manufactured Housing Institute (MHI) SVP Rick Robinson Ducks Serious Industry Questions in Deadwood

Such reporting is only possible because some have provided their keen insights, documents, insider information, or who have otherwise made these concerns and controversies publication possible.

“Perverse”–Warren Buffett-Dodd-Frank, CFPB, Manufactured Housing, Loans, Independent Businesses Fact Check$

When Doug Ryan at CFED (rebranded as Prosperity Now) leveled the charge of monopoly, MHI’s Lesli Gooch was quick to publicly reply.  Frankly, Ryan’s framing of the issue wasn’t the strongest, and Gooch’s reply was thus made easy.

DougRyanAmericanBankerManufacturedHousingMonopoly-postedDailyBusinessNewsManufacturedHousingIndustryProNews-575x237

While MHI’s SVP Lesli Gooch has denied the charge, Doug Ryan at CFED, and long time MHI member, George Allen, are among those who’ve raised the issue of monopolistic practices by MHI. Soheyla Kovach approaches this from a fresh and unique perspective, as her report and analysis linked below proves.

But after months of invitations to MHI – including Ms. Gooch – other staff, and their executive committee members, MHI stopped replying to these concerns roughly a year ago.  They have also expressed refused to take questions in public.

In what might be seen as a type of ‘replies,’

  • an MHI contracted outside attorney,
  • surrogates of theirs,
  • an apparently anonymous package that delivered a threat via U.S. mail (which can be a federal crime = FYI, we called that ‘bluff’ and nothing happened),
  • have all threatened the publisher ofMHProNews. We called their bluffs.

Extortion? RICO? Allegedly Illegal, and Dirty Side of Manufactured Housing, Exposed

  • They’ve arguably played games to harm us, but no legal action.

Note, these threats don’t deny what we’ve published. They are nibbles at the edges, not a denial. Last but not least, MHI sent an anonymous, unsigned letter, removing MHProNews as a member, under the pretense that they had no category for a news source in their association.

That’s demonstrably a ruse, but for reasons that will become clear in the days ahead, they would not give any of the documents requested that preceded that membership cancellation letter.

MHProNews is not alone as being singled out for a win-lose type of proposition. But all of this begs the question, what are they hiding?  Why are they hiding it?

“Accurate, but Misleading” MHI Preserving Access to Manufactured Housing Act Alert – ‘Weaponized New$,’ Fact Check$

We hear from Congressional sources that investigations are underway.

We know from other sources that media and third parties are tracking these developments, and taking an interest.

Is there an anti-trust (anti-monopoly), case to be made?

MHARR vs. MHI on DOE Energy Rule, Pushback Pay$ Off?

Are there hundreds, perhaps thousands of manufactured home business that have been harmed by “the moat” and MHI’s arguably poor performance?

Has MHI begun ‘promotion’ (note, that favors a Berkshire Hathaway brand, a company that relies on Berkshire Hathaway product, and a company that is led by a former Clayton division executive) to duck the growing pressure to ‘do something’ demanded by this publication and numerous industry leaders, including MHI members?

Terry Decio, Skyline Homes, “The Secret” – The Rest of the Story

If MHI et al are serious about facts and defending the industry, why haven’t they corrected the documented cases of factual errors MHProNews has spotlighted, which have been disputes that arose from MHI’s own members?

TimWilliamsCreditLinkedIn21stMortCorpCEOManufacturedHousingIndustryMHIChairmanWarrenBuffettBerkshireHathawayChairman

Warren Buffett, right, credit Wikipedia. Tim Williams, right, credit, LinkedIn. Collage credit, MHProNews. Click above.

If MHI et al are serious about facts and defending the industry, why don’t they respond to each and every flawed media report, as was once floated as part of their reason for hiring Boerger in the first place?

Do you or someone you know have a case or claim against MHI, Berkshire Hathaway?

Triple damages may await those willing to jump into that fray.

We Provide, You Decide.” ## (News, review, commentary, analysis).

TwitterFacebookLinkedInNew Year’s Resolution: On this 11th day of Christmas, a request.

This writer already has one of the largest LinkedIn followings in the manufactured home industry. But we’ve frankly not asked for Twitter, or Facebook followers. That changes, starting today. If you want to keep up with posts relevant to the industry, you can connect via the links below.

https://www.linkedin.com/in/latonykovach/

https://twitter.com/LATonyKovach @LATonyKovach
https://www.facebook.com/tony.kovach.71

 

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ThereAreOnly2WaysToLearnOwnOthersExperiencesLATonyKovachManufacturedHousingIndustryMHProNews

We agree with Warren Buffett on the value of the lessons of history, reading and research. Without those deep insights, the wool can be pulled over other people’s eyes.

By L. A. “Tony” Kovach.

Kovach is the award-winning managing-member of LifeStyle Factory Homes, LLC,
parent to MHProNews, and MHLivingNews.com.
Both are #1 in their categories.

Kovach is one of the most endorsed and recommended MH industry professionals in all of manufactured housing.