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Kort & Scott Financial Group (FSFG) Faces Reports of Senior Wrath

July 11th, 2017 Comments off

KortScottFinancialGroupDiableEstatesAntiochManufacturedHousingIndustryDailyuBusinessNewsMHProNewsAbout three years ago, Sam Zell quipped in Chicago to hundreds of manufactured home community professionals that at Equity LifeStyle Properties (ELS) they discovered they had a partner without an investment they didn’t count on.

The government.

The owners of Diablo Estates have likewise learned from experience that organized residents can run to city hall, garner media attention, and often get their way.

A mobile home park [sic] designed for seniors isn’t well-suited to young families, argues Vivian Espinoza, 74,” says the East Bay Times (EBT).

The EBT – which understands that dramatic headlines are what draws clicks and readers, reports that “Seniors fear Antioch mobile home park [sic] will accept all ages.” Fear?

DefiningSICinJournalismDailyBusinessNewsMHProNews-com

“SIC “defined, credits are as shown. Given how often terminology is mangled, MHProNews will strive to clearly show when the errors are those of the speaker or third party. by the use of [sic] in the copy.

You’ve got children running around — there’s no place for them to play,” Espinoza reportedly said, per EBT.  She pointed out the community doesn’t have a playground.  “And there’s more vandalism. Teenagers get bored and they vandalize.”

Ironically,” said a community professional that had pointed the developing story out to MHProNews, “that’s the kinds of comments a NIMBYite who wants to stop a manufactured home community development or expansion might make.”

The protests look to be organized by the MHPHOA.

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Collage from the MHPHOA website,, shown under fair use guidelines.

From their website, “MHPHOA PLEDGE: The MHPHOA is a grass roots movement who are passionately dedicated to the preservation and protection of mobile home owner’s rights in Kort & Scott Financial Group (KSFG) dba Sierra Corporate Management (SCM) mobile home parks in the State of California.”

One local industry professional, speaking of the record, rhetorically asked “While many seniors certainly may prefer a 55 + community, do community owners with millions invested no longer have rights too?”

About KSFG

Based in Southern California, Kort & Scott Financial Group, LLC. is an owner and operator” of manufactured home communities, says their acquisition website. “Since 1989, the company has acquired over 9,500” sites, says the firm’s website.

KortScottFinancialGroupManufacturedHousingIndustryDailyuBusinessNewsMHProNews

Collage from the KSFG website, shown under fair use guidelines.

California’s Codes and Standards says there are some 5,239 manufactured home communities licensed to operate in that state.

Several dozen are in KSFG’s portfolio.

Because it appears that the vast majority of Vista Diablo Mobile Estates’ residents are seniors,” said the EBT report, “council members responded to their impassioned pleas by unanimously agreeing to consider adopting an urgency ordinance at their July 11 meeting.”

VistaDIableMobileEstatesAntiochCAGoogleMapsDailyBusinessNewsMHProNews

Credit, Google Maps.

The ordinance, if approved, would establish an immediate moratorium on any changes to the mobile home park’s residency requirements while city officials study the matter further and come up with a permanent set of rules,” concluded the local media report.

Not one word of the EBT report indicated any input or outreach to the property owners. Nor was there any attempt to represent their postion, beyond citing the following: “Although federal housing law prohibits discrimination on a wide variety of fronts, an amendment in the 1980s allowed landlords and developers to restrict housing to seniors as long as that demographic comprised at least 80 percent of the complex’s units.”

The Daily Business News plans to reach out, track and report back on this and similar developments. ## (News, Analysis.)

(Image credits are as shown above, and when provided by third parties, are shared under fair use guidelines.)

SoheylaKovachManufacturedHomeLivingNewsManufacturedHousingIndustryDailyBusinessNewsMHProNews-Submitted by Soheyla Kovach to the Daily Business News for MHProNews.com.

California Dreamin’ – Another Manufactured Home Community Under Siege

April 7th, 2017 Comments off
CaliforniaDreaminAnotherManufacturedHomeCommunityUnderSiegecredtiGoogle1-postedtothedailybusinessnewsmhpronewsmhlivingnews

Credit: Google.

In the Little Saigon area of Westminster, California, the Green Lantern Village & Mobile Home community has served as an affordable beacon, including veterans of the Vietnam War.

Now, its days may be numbered.

According to the LA Times, property owner Walsh Properties LLC informed residents last week about plans to apply for a new land use permit that would allow for development. About 100 residents filled the community’s clubhouse to learn more about the plans.

Then they got a surprise.

Residents say they were told that the property was already in escrow in preparation for its sale, and that they may be forced to move out by early 2018, once the owner complies with local and state regulations, including holding a public hearing and providing services to residents.

I feel frozen. I can’t think,” said resident Mai Luu. She moved into the community in 1989.

We were refugees. We will be adrift again.”

Eighty percent of the community’s residents are Vietnamese-American, and say they would be priced out of the Orange County housing market.

CaliforniaDreaminAnotherManufacturedHomeCommunityUnderSiegecredtihomes-postedtothedailybusinessnewsmhpronewsmhlivingnews

A home in the community. Credit: Homes.

Ross Bartlett, a member of the family that owns the community, was in attendance at the meeting, along with staff from Overland, Pacific & Cutler Inc., an Irvine-based relocation specialist. The company will interview each family to document their moving needs before submitting a report to the city.

Our family has been considering selling the property for the past decade,” said Bartlett.

My grandfather bought the property at the end of World War II. In order to continue to operate, we would have to rip up roads inside the park and lay new electrical, water and sewer lines on the property at an estimated cost of $3 million, which the family cannot afford.”

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Credit: Google.

For some residents, the idea that this had been a decade-long thought process did not sit well.

I feel betrayed,” said resident David Griffin.

They intended to sell the whole time — so why bother to have us together today? If they don’t give me fair market value for what I have, I don’t know what I will do.”

Resident Nghia Bui says that he does have a plan.

“I plan to stage a protest as the permit process winds it way though City Hall,” said Bui, who created a flyer, advising immigrant residents of what to say in protest: “We are old; we are poor. Changing the land is changing my living. Please don’t.

No one wants to leave here,” said resident Son Do. “New people moved in just months ago, others just a few years ago. What choices do they have? How does anyone find a safe and affordable place in Orange County?

As residents wait for the next steps, some say their stress levels are higher than ever.

We can’t sleep,” said resident Nhi Tran.

In my mind, I’m thinking: What about my job? What about finding a new school? But we are young — we worry for the older people. They have no place to go, no one to turn to.”

MH Industry Perspectives On Like Issues 

As this scenario continues to play out in the U.S. and Canada, the thoughts shared by ROC USA President Paul Bradley are relevant.

 

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Paul Bradley. photo credit: Fosters.

How can we promote homeownership and sell new homes on leased land and at the same time close communities?” Bradley questioned.

It’s like selling tickets to a zoo where ‘only 1 in a 100 are eaten by the lions!’”

One way to address this is to segment true homeownership land lease communities and differentiate it from traditional ‘parks’ where closure remains a risk, not a certainty but a risk.

Georgia Manufactured Housing Association’s Jay Hamilton sees it differently.

One of the biggest reasons that a Manufactured Home Community Owner sells his property is that over time property taxes increase four and five-fold.  But the owner can’t economically escalate the lot rent quick enough to keep up.  Or the resident could not afford to live there if they did,” said Hamilton.

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Jay Hamilton, Executive Director, Georgia Manufactured Housing Association.

As communities become surrounded and engulfed by restaurants, Hilton Hotels, stadiums, big box stores, airports, residential and commercial developments – property taxes begin exceeding the total revenue from renting spaces.” ##

(Image credits are as shown above.)

(Publisher’s note: The content following “MH Industry Perspectives On Like Issues” was added on 4.12.2017 for clarity, based upon industry reader feedback, which we hereby thank those who suggested that was useful for this article to enhance the balance of the narrative.)

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RC Williams, for Daily Business News, MHProNews.

Submitted by RC Williams to the Daily Business News for MHProNews.

Harvard Study, Baby Boomers to Spark Affordable Housing Boom

January 17th, 2017 Comments off
WillBabyBoomersbetheSparkforanAffordableHousingBoomcreditFOXBusiness-postedtothedailybusinessnewsmhpronewsmhlivingnews

Credit: FOX Business.

As “baby boomers” eye retirement in large numbers, builders believe that they could jumpstart an affordable housing boom.

Per FOX Business, a report by the Harvard Joint Center for Housing finds that by 2035, more than one in five people in the U.S. will be aged 65 and older and one in three households will be headed by someone in that age group.

The report, entitled “Projections and Implications for Housing a Growing Population: Older Adults 2015-2035,” notes the growth will increase the demand for affordable, accessible housing that is well connected to services beyond what the current supply can meet.

Current census data shows that incomes drop significantly after the age of 75, from an average of $54,000 per year to $36,000 per year. Data also shows that this segment spends more than one-third of their income on housing.

Right now, more than 19 million older adults live in unaffordable or inadequate housing, and that problem will only grow worse in the next two decades as our population ages,” said Lisa Marsh Ryerson, president of AARP Foundation.

When asked what these numbers mean for the real estate industry, Lukas Krause, CEO of Real Property Management provided this response:

WillBabyBoomersbetheSparkforanAffordableHousingBoomcreditRealPropertyManagement-postedtothedailybusinessnewsmhpronewsmhlivingnews

Lukas Krause. Credit: Real Property Management.

People currently over the age of 55 have saved only $150,000 for retirement, per Fidelity and Vanguard estimates. This savings amount will generate only $500 per month in income, if the recommended 4% withdrawal standard is followed,” said Krause.

Social Security pays an average of $1,294 in benefits to retirees, so average monthly income will be $1,794 or $21,528 per year. If 34% – 38% is spent on housing, the average retiree will have a housing budget of $610 – $682 per month – half of todays average apartment rental cost of $1,100 per month. This means cohabitation and new forms of housing will be needed in the future.  It also means that retirees who have not already purchased a home, will be unlikely to afford one.

 

Manufactured Housing to the Rescue

As Daily Business News and MHLivingNews readers are already aware, manufactured homes provide the ideal solution to the challenges of affordable housing by delivering high quality quickly, and at significantly less cost than traditional site-built houses.

WillBabyBoomersbetheSparkforanAffordableHousingBoomcreditSFChronMHLivingNews-postedtothedailybusinessnewsmhpronewsmhlivingnews

See the video and report by clicking the image above. Photo of Lois Renquist. credit: SFChron. Text credit, MHLivingNews.

Overcoming the challenge of the stereotypes that plague the industry are now front and center in light of the rapidly retiring baby boomer population. Lois Renquist, a poet laureate who resides in the San Francisco Bay Area, has had to deal with those stereotypes in response to her recent downsizing.

I’m downsizing for the second time, and some folks think I’m ‘stepping down,’” said Renquist.

Rancho Benicia is a highly rated and gated retirement community (55 and older only), very well kept, with a pool and hot tub, a clubhouse and many activities for the residents. It’s almost crime free. It’s a mobile home park. A block from the Benicia Marina, it’s often seen as another world.

‘Trailer trash? Is that what you’ve come to?’ someone asked.

‘That’s really stepping down,’ my brother, who lives in Idaho, said.

You can find the full story, along with the story of Terry Reynolds, whose home is located in a development with conventional houses that he says range from $300,000 to $400,000, double or more what he has invested in his home. Yet visitors to his home can’t tell the difference between his residence and that of others in the same location, linked here. ##

(Editor’s note: those same stereotypes that hamper manufactured home acceptance with boomers are slowing millennials from accepting manufactured housing too, see a report, linked here.

Fortunately, their are industry leaders who seek to change those realities.  For some examples, see the new report, linked here.)

(Image credits are as shown above.)

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RC Williams, for Daily Business News, MHProNews.

Submitted by RC Williams to the Daily Business News for MHProNews.

32 Million not enough? MHC Residents Lose Battle to Remain or Collect

December 18th, 2014 Comments off

de-anza-cove-mobile-home-park-mission-bay-san-diego-credit=kgtv-posted-daily-business-news-mhpronews-com-Residents of the De Anza Cove Mobile Home Park at Mission Bay in San Diego, California, are preparing to move on. According to a report on SanDiego6, a $32 million settlement was reached for a legal dispute lasting 35 years between residents and the City of San Diego. 

City officials are glad it’s finally over. “They’re going to get their settlement; we’re going to get our property back,” Councilman Scott Sherman said. “It’s a long time coming. It’s been in the courts, up and down three ways from Sunday, and I think we’re finally at an end here.” Discussion of what the city might do with the land will come in the future, Sherman stated.

As is happening elsewhere in the U.S., developers believe the land had become too valuable for the community and its manufactured home residents to remain there.

The San Diego City Council recently approved the establishment of a fund to pay residents for their homes and/or property rights. Divided between residents, some will receive an amount around $60,000 and $70,000 – but much less for others. Some say it will not be enough to help them find a comparable place to live.

One of the ironies of the case is that many California jurisdictions bruise MHC owners over rent control. Now the shoe, it seems, is on the other foot as residents have gone after the city for their notion of justice.

Some of the residents have lived at De Anza Cove for more than 20 years and are attached to their address. Considering the increase in housing costs over the years, many cannot find somewhere to move that offers similar amenities for similar prices. Many feel that the city has treated them shabbily and unfairly.

Now that those proceedings are over, the settlement calls for the city to issue eviction notices within 90 days, giving residents one year to move.

The agreement also specifies payments to be provided to homeowners and renters depending on their situation, including whether or not their homes are able to be moved to another location. ##

(Photo Credit, KGTV, San Diego)

sandra-lane-daily-business-news-mhpronews-com-75x75-Article submitted by Sandra Lane to – Daily Business News – MHProNews.

Manufactured Home Community Rent Control on Public Meeting agenda

August 29th, 2014 Comments off

santa-clarita-ca-rent-control-hearing-credit-signalscv-posted-daily-business-news-mhpronews-com-The City of Santa Clarita, CA, will host three public comment meetings to discuss draft updates to Santa Clarita Municipal Code 6.02, the Manufactured Home Park Rent Adjustment Procedures. Meetings are open to the public, as well as to residents of manufactured home communities, business owners and managers.

The City of Santa Clarita and signalscv  tells MHProNews that meetings will be held at the following locations and times:

Tuesday, September 2, 2014 from 6:00 p.m. to 8:00 p.m. at the Old Town Newhall Library, located at 24500 Main Street. Wednesday, September 3, 2014 from 1:00 p.m. to 3:00 p.m. in the Century Room at City Hall, located at 23920 Valencia Boulevard. Thursday, September 4, 2014 from 6:00 p.m. to 8:00 p.m. at the Canyon Country Library, located at 18601 Soledad Canyon Road.

In an exclusive interview that will be published next week on MHProNews, Sheila Dey, executive director for the Western Manufactured Housing Communities Association (WMA), has said such meetings can be intimidating to public officials who are subject to election, because 100 residents may show up and only one or two representing community owners are there to share their perspective.

Since 1945, the WMA has served the“exclusive purpose of promoting and protecting the interests of owners, operators and developers of manufactured home communities in California.”

The comments of Sheila Dey, JD, will be of keen interest to manufactured housing professionals. “A Cup of Coffee with…Sheila Dey” will be on the home page under Featured Articles starting September 1, 2014.

A balanced perspective, including a video from a Canadian news organization, on the rent control topic is found at this link. ##

(Photo credit: signalscv)

$1,000,000,000+ Property Damage in North Bay Earthquake, most Manufactured Homes Survive

August 25th, 2014 Comments off

nbc-bay-area=credit-napa-earthquake-august2014-manufactured-homes-survive-daily-business-news-mhpronews-com-The north bay area, near Napa, CA was rocked Sunday August 24 by a 6.0 magnitude earth quake, followed by over 50 aftershocks. NBC Bay Area TV’s Vicky Nguyen tells MHProNews

that some 33 buildings were red tagged by inspectors in Napa, while newer and more earth quake resistant city hall was still safe to enter. Tanya Mahaphon, a business owner, said how critical it was for her building’s survival that the building be properly anchored down.

A state of emergency was declared by Governor Jerry Brown in the wake of an estimated billion dollars or more in property damage.

Some news outlets reported that 4 homes in a “mobile home park” where destroyed when the homes’ concrete block supports gave way, apparently causing gas lines to rupture, catch fire from sparks which in turned burned those houses. Some neighboring homes had vinyl siding melt from the heat of the flames. But as local media’s own images demonstrate, surrounding homes that were better installed to modern standards did not suffer similar catastrophic loses. nbc-bay-area=credit-mhome-fell-off-blocks-gas-ruptured-burned-neighboring-homes-okay-daily-business-news-mhpronews-com- Mahaphon’s point about anchoring multi-million dollar commercial buildings properly clearly applies to manufactured homes or to those pre-HUD Code mobile homes that didn’t have modern installation standards in place when they were sold decades ago. The melted siding would have melted on conventional houses, as well as on manufactured homes.

NBC Bay Area’s Bob Redell reported that no one was seriously hurt or killed in the MH community. Meanwhile hundreds of North Bay Area residents poured into local healthcare facilities for treatment of injuries. The quake is said to be the worst to hit in about 25 years. ##

(Photo credits: NBC Bay Area News)

SILVAR President Tonna says Internet, Education key for Today’s Home Buyers

August 24th, 2014 Comments off

silvar-president-david-tonna-senator-feinstein-constituent-breakfast-posted-daily-business-news-mhmsm-com-David Tonna, President of the Silicon Valley Association of Realtors (SILVAR), is on a mission to educate today’s home buyers, MercuryNews  tells  MHProNews. Some 90% of all home buyers begin their home shopping online. Most search for a property for 6 months before they contact a real estate agent. But home buying is more than facts found online, because there is both information and misconceptions found on the web.

Tonna says he spends no less than 90 minutes with a future buyer upon their first meeting. He says, “Homeownership is an investment in your future and offers immediate benefits and long-term value. Realtors are trusted resources for the most up-to-date, comprehensive and accurate real estate information because they know the communities, see many homes and can help buyers successfully navigate the increasingly complex buying process.”

Buyers are asked to describe their ideal home, lifestyle, schooling needs, commute goals and their location/community amenities. Tonna presents buyers with a bound manual outlining the buying process, including the complexity of their home search, offer(s), escrow, contingencies and closing. Then they go over forms the buyers will encounter. “This process takes the mystery out of home purchasing,” Tonna stated.

Tonna notes the internet may bring international buyers. He also contends that Realtors ® do more than generic real estate agents or online information alone, because websites can’t replace a Realtor ®. “The process I describe illustrates that Realtors are not simply order takers for properties they found on the Internet and visited at an open house. It raises the level of our professionalism in our industry,” says Tonna.

SILVAR and Tonna stay politically engaged as well, he’s pictured above at California’s U.S. Senator Dianne Feinstein constituent breakfast.

As regular MHProNews readers know, many of these same points apply to manufactured and modular housing. The need for professionalism routinely starts with a good online engagement strategy, but must include trained and motivated professionals who deal with prospective buyers with an appealing customer service and education approach. Given the widespread misinformation about manufactured homes, more best practices methods and online engagement must take place to attract increasing numbers of qualified home buyers. ##

(Photo credit: SILVAR)

Even with Thunderstorms, Tunica Pre-Show Estimates Exceeded

March 30th, 2014 Comments off


2014-tunica-manufactured-housing-show-entrance-south-central-manufactured-housing-institute-harrah's-convention-center-tunica-msWhile weather and other factors kept some potential attendees away, preliminary figures from Show Ways Unlimited and the registration company indicted that a total of 2195 professionals attended the 2014 Tunica Manufactured Housing Show.  Pre-Show estimates on total professionals expected at this year’s event were for 2100 total.

The timing of Ceasar’s Entertainments public announcement on March 26 that their Harrah’s Tunica property would be closed may have confused some potential attendees.

Sources close to the Show speculated that the property may still be sold prior to the June 2 planned closing date for the casino and hotels.  If indeed the property closes, a few ideas were floated for new potential locations for the show, including a new all indoor location in Nashville, TN.

One way or another, this March Manufactured Housing Show is expected to continue on.

Post show commentary and videos are expected in April’s Featured Articles on MHProNews, on the Industry Voices guest blog and on the Cutting Edge blog. ##

(Photo credit: MHProNews.com)

Movie Star’s Two Million Dollar Manufactured Home Masterpiece Creates Teachable Moment

September 2nd, 2013 Comments off

patio-29500-heathercliff-rd-#189-malibu-ca-90265-point-dume-club-betsy-russell-manufactured-home-living-news-com-

Following up on a popular story from last Friday, ManufacturedHomeLivingNews.com is showcasing Saw move star Betsy Russell’s $1,999,999 luxury pad overlooking the Pacific in posh Malibu, California. Numerous media outlets picked up on the real estate listing in exclusive Pointe Dume Club manufactured home land lease community. But LAist, TMZ and others often missed the point or disrespected a home and lifestyle they were simultaneously gushing about. “We have an opportunity to turn this into a teachable moment for the media and public.” trade publisher and consultant L. A. “Tony” Kovach said. “Check out this story and dazzling photos at this link, but also share it via social media and your media outlet!   This is an opportunity to sell more homes in your market, because some of those who may see your emailed link, Facebook post or Pinterest pin could realize the quality and appealing lifestyles that our industry is all about.” ##

 

http://manufacturedhomelivingnews.com/saws-betsy-russells-2-million-dollar-manufactured-home-a-bargain-but-tmzmedia-dont-get-it/

(Photo Credit: MLS/Redfin)

Modular Core Homes Featured on SmartPlanet

February 14th, 2012 Comments off

smartplanet screen shotCBS News Smart Planet recently ran a segment on HybridCore Homes which use nearly all recycled construction materials to build, and are completed in about two months. According to the broadcast, the homes gain both from the efficiencies of an assembly-line process and the fact that weather doesn’t effect construction in a factory. In the broadcast SmartPlanet’s Sumi Das shows a core being placed for a prototype home in Santa Rosa, California and completed on site. The home is “practically complete upon arrival” and costs 20-30 percent less than a home built on site from the ground up.

(Image Credit: Smart Planet Screen Shot)