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Posts Tagged ‘fear’

“FEAR, Manufactured Homes, and a Solution to the Affordable Housing Crisis,” Special

June 12th, 2018 Comments off

FearManufacturedHomesSolutionAffordableHousingCrisis

Popular ValuePenguin recently featured a column on manufactured homes entitled, “Fear, Manufactured Homes and a Solution to the Affordable Housing Crisis.”

It opens with, “Fear affects decision-making every day. But often, “fear” is an acronym for “false evidence appearing real.” Our research indicates that the solution to the affordable housing crisis is hiding in sight, but fear and prejudice have kept it from being widely embraced.”

This “ValuePenguin op-ed, manufactured home experts Tom Egelhoff and L. A. “Tony” Kovach explain why fear and prejudice are keeping a key solution to the affordable housing crisis from being widely embraced.”

The article linked below sparked the team work between “Tom and Tony.”

Talk Radio “Open for Business Host” Tom Egelhoff Sounds Off On “MOBILE HOMES” as “AFFORDABLE HOUSING ANSWER”

The pro-industry article by “Tom and Tony” can be read in its entirety at this link here, or at the link below.

https://www.valuepenguin.com/home-insurance/fear-manufactured-homes-affordable-housing-crisis

Enjoy, and share the good word about today’s manufactured homes. ## (News, analysis, commentary.)

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NIMBY? Fear? Ignorance? MHC Proposal on Hold

May 4th, 2017 Comments off
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Credit: OHRC.ON.CA, under fair use.

In Smyrna, North Carolina, landowner Carolyn Floyd-Robinson thought she had “checked all the boxes” when she was ready to contribute to the community. The response she received from city commissioner was not what she expected.

According to the Red Springs Citizen, Robinson appeared before the commissioners this week, seeking a conditional-use permit that would allow her to establish a 43- site manufactured home community on 24 acres she owns.

The property, which Robinson has owned for more than 10 years, is farmland and located in an area zoned residential/agricultural.

This land has always been family owned and I want to enhance the community,” Robinson told commissioners.

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Carolyn Floyd-Robinson. Credit: Red Springs Citizen.

It will be phased in in sections, the homes will all be new, and the leasing will be done through a property management company. There will be background checks, references will be required and there will be a property manager on site.”

Robinson did not receive the response she expected.

Three nearby property owners said that they are concerned a “mobile home park” would be a magnet for criminal activity. All three cited drug use and other criminal activities they have witnessed at a nearby community.

We don’t want that around our children,” said property owner Antionette Thompson.

We don’t need drugs in the area,” said Dematrius Hill. “It only takes one person with the wrong mindset.”

The responses were enough for commissioner Berlester Campbell to make a motion to table the request for the permit after hearing Robinson and opponents of the park argue their cases before the commissioners.

I know where the property is and I know it is all family land,” said Campbell. “I want us to sit down and discuss Wiregrass Road before this goes any further.”

NIMBYFearIgnoranceMHCProposalonHoldcreditGoogle-postedtothedailybusinessnewsmhpronewsmhlivingnews

Smyrna, North Carolina (red marker). Credit: Google.

For Robinson, she believes that people had an opportunity to voice their opposition prior to her taking costly action.

I object,” said Robinson.

I’ve invested money in the project since the Planning Board approved my plans and no one came to that board’s meeting to voice objections.”

The commissioners say they will revisit the request in June.

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Danny Feagin. Credit: Aiken Standard.

The Daily Business News has covered a number of potential NIMBY (Not-In-My-Back-Yard) stories recently, where current residents appear to be working to keep manufactured homes or communities out. Most notable is the case in Aiken, South Carolinawhere Councilman Danny Feagin was quoted as saying “As long as it keeps the mobile home parks [sic] out, I think the folks would be satisfied,” in relation to a proposed rezoning ordinance.

For more on the myths and facts surrounding manufactured housing, and the opportunity for millions to achieve the American Dream of home ownership, click here. ##

 

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RC Williams, MHProNews.

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

Home Prices Continue Rising

July 30th, 2013 Comments off

While the S&P/Case-Shiller national home price index of the 20 largest markets remains 24.4 percent below the peak of June 2006, it rose 12.2 percent in May above May 2012, the largest year-over-year increase since March 2006. April 2013 rose 12.1 percent over April 2012. A year ago homes that had been on the market for many months, even years, began selling, with prices rising each month since June 2012, and each month saw a bigger increase than the previous month. The rise in mortgage rates has yet to stem the rise in prices, which have been fed by an accompanying drop in foreclosures. Some of the markets hardest hit by the housing bubble are the ones experiencing the largest current gains: Prices in San Francisco, Las Vegas, Phoenix and Atlanta are all up more than 20% from a year ago. Some fear the housing bubble may return, according to what CNNMoney tells MHProNews. But Joseph LaVorgna, chief US economist for Deutsche Bank, says, “Affordability remains near historic highs despite the recent rise in rates and home prices. And the increase in home prices should encourage banks to ease lending standards for mortgages, since the collateral for the underlying loan is appreciating in value.”

(Image credit: etftrends)

CFPB Director takes Questions

June 25th, 2013 Comments off

Consumer Financial Protection Bureau Director Richard Cordray, in a speech followed by a Q and A before the Exchequer Club, said more commotion than necessary is being made about the qualified mortgage (QM) rule. He says lenders will continue lending as they have in the past, even outside the rule, according to nationalmortgagenews. For a lender “to not make those mortgages and leave that money on the table and leave people un-served because of some vague fear that they can’t quite articulate; that doesn’t sound to me like the kind of good decision-making that lenders have made for years,” said Cordray. He agrees with the chief economist at Moody’s Analytics, Mark Zandi, who says $20 billion of the $1.25 trillion mortgage market will fall outside the QM rule, which amounts to two percent of the total. Noting the agency is trying to be flexible in its overall approach, when questioned about the extensive mortgage data the CFPB is currently gathering, Cordray said the information collected will help a future director make more solid policy decisions. Speaking of his own battle with Republicans over his confirmation, as MHProNews has learned, he does not profess to know what was in the mind of the Dodd-Frank Act congressional creators, but feels the structure allows the ability to reshape policy as needed.

(Photo credit: ABCNews–CFPB Director Richard Cordray)

Fallout from the Improving Housing Market

March 21st, 2013 Comments off

The nytimes informs MHProNews the turnaround in the housing industry has led to such a shortage of existing homes for sale that would-be buyers in some areas are reluctant to list their homes for fear it will sell before they can find a replacement. Others are waiting to see how high prices may rise before they sell. In Sacramento, Calif., where the median house price has spiked 15 percent in 2012, realtor Kurt K. Colgan says, “In my 27 years I’ve never seen inventories this low. I’ve also never seen a market turn so quickly.” Across the country sales prices increased 7.3 percent in 2012, surging 23 percent in Phoenix. While new home construction languished during the recent lean years following the bubble, many tradespeople sought other careers, making it tougher for builders who now have work to find skilled labor. Many hard hats have gone to the high-paying oil field jobs in Texas and North Dakota. In addition, builders who own land may want to wait and get a better price as values rise. Harry Elliott III, president of 100-year old Elliott Homes who built 1,400 homes in 2006, 250 last year, and plans on 350 this year says, “If we could build 500 houses right now, could we sell them? Possibly, but I don’t want to sell all my lots that I’ve held on to forever and have to give them away at these prices. We lost money for a lot of years, and I’d like to make some money for a change. I’m not building because I need the practice.”

(Photo credit: Reuters)

Forbes: Make a Killing with Killam?

December 5th, 2012 Comments off

Forbes reports one way to measure the level of fear in a stock is the Relative Strength Indicator (RSI), a technical analysis indicator which measures momentum on a scale of 0 to 100, and anything below 30 translates into a stock being oversold. Tuesday’s trading on the Toronto Stock Exchange (TSX) revealed MHC owner Killam Properties, Inc., (KMP) of Halifax, Nova Scotia, Canada ventured into oversold territory after selling at $11.78 per share, giving it an RSI reading of 27.4. At the current 46.5 reading of the S&P/TSX Composite Index, investors could envision KMP’s low price as a good opportunity to buy shares, since the 52-week range has been from $10.78 to $13.60. As MHProNews knows, with over 50 communities, Killam is one of the largest owners of manufactured housing communities in Canada.

(Photo credit: Killam Properties, Inc.)

Snakes Alive! Modular Homes Sitting Empty

November 23rd, 2012 Comments off

After Spring 2011 flooding forced 1,000 Lake St Martin First Nation residents from their homes in central Manitoba, Canada, the provincial government set up 60 furnished modular homes on a former radar base near Gypsumville. According to WinnipegFreePress, nine months later only 13 families have taken up the offer, others preferring to live in hotels or stay with family elsewhere. The modular homes cost $200,000 each, and the government, not wanting to see the homes go to waste, is giving the community until Dec. 15 to decide if they want the homes. If not, they will go to other First Nation peoples. Many Lake St. Martin residents were reluctant to move into the homes for fear it would become permanent and federal assistance would end. To date, the federal government in Ottawa has spent $66 million on accommodations and living allowances for thousands of evacuees since the flood. As MHProNews has learned, almost 2,000 people from six separate reserves do not know when they can return home. As we reported here Dec. 22, 2011, some residents expressed concerns about the site being on a migratory path for garter snakes.

(Photo credit: WinnipegFreePress—Lake St. Martin modular home)

Council May Throw Water on Sprinkler Law

August 3rd, 2012 Comments off

bangordailynews reports from Rockland, Maine, the Rockland City Council will consider slackening its measure requiring sprinkler systems in newly constructed homes to lessen the financial burden for people who want to build in Rockland. Approved by the council in Dec. 2009, Mayor Brian Harden says the systems may cost twice as much as previously estimated, up to $4,500 for a 1,500 square foot house. The revisions, to be considered at the Aug. 13 meeting, include exempting homes within 1,000 feet of a fire hydrant, ones that have hard-wired smoke alarms and carbon monoxide detectors outside sleeping areas, and certain building materials that retard the spread of fire. State law exempts modular homes from the law, although a recent modular housing development has agreed to install sprinklers. As MHProNews reported yesterday, the Allegany County Commissioners in Maryland is considering rolling back a sprinkler system for new homes for fear of driving new home builders away.

(Photo credit: Sica Modular Homes)

Housing Recovery: Are the Trades Ready?

July 11th, 2012 Comments off

HousingWire says a report by the National Association of Home Builders (NAHB) reveals 40 percent of single-family homebuilders plan on hiring skilled workers within the next year, but 62 percent fear a shortage because so many have left the trades because of a lack of jobs. One study reports shortages of up to 20 percent in some skilled areas, and builders today are less likely to offer on-the-job training. However, Steve Martini, training director for the International Masonry Institute which trains bricklayers, says once housing picks up it will not be that difficult to locate the workers. “Our numbers of people to train are down because there just aren’t jobs for them to go to. We can gear up very rapidly to get those people trained, either starting from scratch or by upgrading skills,” he says. MHProNews.com has learned 46 percent of the builders in the Midwest and the West are poised to hire, as are 39 percent in the South and 29 percent in the Northeast.

(Image credit: HousingWire)

Sale of Previously Occupied Homes Rise

May 23rd, 2012 Comments off

The National Association of Realtors (NAR) says reports from across the country show existing home sales edged up 3.4 percent April over March, 2012 for every region of the country. While the increase is a positive sign, the seasonally-adjusted annual rate (SAAR) of 4.62 million home sales, just below January’s pace of 4.63 million, remains short of a healthy economy’s six million. TheOlympian tells MHProNews.com first-time buyers accounted for 35 percent of sales, up three percent from March. Foreclosure sales numbered 37 percent of home sales in April 2011, down to 28 percent in April 2012, which helped boost the median sales price year-over-year 10.1 percent to $177,400. Existing homes account for 80 percent of all homes sold. Many would-be home buyers continue to be stymied by high down payments and tight credit, although some are reluctant to buy for fear the prices will fall more.

(Photo credit: NewsCourier/Rebecca Croomes)