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Posts Tagged ‘Malibu’

Oh Paradigm Shift: Million Dollar Manufactured Homes for Rich and Frugal

January 13th, 2017 Comments off

OhParadigmShiftMillionDollarManufacturedHomesforRichandFrugalcreditLATimes2-postedtothedailybusinessnewsmhpronewsmhlivingnews660x330sWhen it comes to “California Dreaming,” most thoughts instantly go to sunshine, the beach, Hollywood and mansions.

Even so, it turns out the even the biggest Hollywood stars and those who are upwardly mobile see the incredible value in manufactured, prefab and modular housing. The numerous misconceptions about “trailers and crime” are safely put to rest with the ability to literally design the home of your dreams, and have it delivered, for a fraction of the cost and significantly faster than a traditional site built home.

This two bedroom, two bath home comes in at 1,280 square feet and is located in Malibu’s Paradise Cove community.

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Jess Maxcy, president, California Manufactured Housing Institute (CMHI).

And it comes with a $1.849 million price tag, which happens to be a bargain in a neighborhood where the average median price of over $4 million. That figure represents an increase of 101.5 percent year-over-year.

Just because someone has a lot of money doesn’t mean they’re not frugal,” says Jess Maxcy, president of the California Manufactured Home Institute.

For the full MHLivingNews story, click 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.

 

Rent Control-WMA Rolls out ‘No On Measure V’ Video, Talking Points

October 14th, 2016 Comments off
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Original collage credit, MHProNews – addtional logo credit: WMA. Other image credits are as shown above, and are used here under fair use guidelines.

Measure V – a proposition on the ballot in Humboldt County, California – has generated significant interest from both inside and outside the MH industry.

As Daily Business News’ Joe Dyton covered recently, Measure V proposes that:

  • Manufactured home community owners would be permitted to raise site rents once annually, and the increase would be tied to inflation via the Consumer Price Index;
  • When a home is sold or transferred, new resident site fees could only increase five percent higher than what the previous residents paid;
  • A community owner could raise rents to pay for improvements, but would first require written approval from more than 50 percent (a simple majority) of the homeowners/residents.

In a statement released this week, the Western Manufactured Housing Communities Association (WMA) is “making an effort to educate public policymakers on how mobile home parks (sic) operate and how the misapplication of rent control has contributed to California’s housing crisis.”

A public education campaign is underway by the WMA.

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Sheila Dey. Credit: WMA.

There is no question that California is one of the most expensive places to live in the country,” said Sheila Dey, Executive Director of WMA.

So when the purchase price of a mobile home (sic) can be up to 30% less than a traditional home, state and local government should be creating incentives to build more mobile home parks (sic) and not less.

WMA released a video that explains how “parks” operate and how they have become a source of quality housing for scores of people from all socio-economic backgrounds.  From frugal millionaires to the working class and all in between are living in manufactured homes.

As a example, the video showcases a community with rent control in Malibu, California, where millionaires live in beachfront properties, and for some, the properties serve as a second home.

The Daily Business News has previously covered the various opinions on Measure V, in a follow up to Dyton’s article, at this link here.

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Actress Betsy Russell’s Malibu manufactured home listed for 2 million 2 years ago, and prices are still rising in that same location. To see the photo tour of her manufactured mansion overlooking the Pacific Ocean, click the photo above.

According to the WMA, rent control is a reaction to local government’s failure to plan for their community’s future housing needs. When attainable housing is no longer accessible, politicians force “park owners” to subsidize a tenant’s housing costs, regardless of income.

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Photo above is a still from a video on the page linked above and in the text below.

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Humboldt County, CA (in red.) Credit: Wikipedia

That often leads to a reduction in park amenities and in some cases, lawsuits when site fees do not cover a communities operational costs.

In their statement, the WMA points out that California has created a regulatory environment where existing manufactured home communities are threatened by rent control ordinances that undermine a park’s economic sustainability, and cost prohibitive building regulations and fees that have stifled the construction of new parks. As a consequence, it’s been decades since a new mobilehome park (sic) has been built in California.

As the Daily Business News and ManufacturedHomeLivingNews have reported, manufactured housing presents a potential solution to the housing crisis in California and throughout the U.S. with quality homes at a lower cost that meet stringent federal standards. ##

(Editor’s Notes: The WMA’s column and resources on this issue are linked here.

  • Note too, while some use other terminology for a variety of reasons – including a number of those within the ranks for the MH Industry – as a professional publication, MHProNews strives to use the proper terminology every time, thus the (sic) inserted by RC Williams at various places above.)

(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.

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

September 2nd, 2013 Comments off

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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)

Baywatch’s Pam Anderson as your “upwardly mobile” neighbor, 2+2MH Sells for 2 Million Cash

September 27th, 2011 Comments off

2Mil MH in Malibu next door to Pam Anderson3in1 Wikimedia and AOL RE, photo collage by MHProNews.comCurbed, AOLRE and MyWestTexas are among the many to report that the most expensive manufactured home sale of the year has closed in Paradise Cove manufactured home community in Malibu, CA.  The home listed for some 2.5 million and was sold for 2 million dollars –  ‘all cash.’  It is a two bedroom, two bath multi-sectional with garage.  It boasts Baywatch star Pam Anderson as a neighbor, along with stunning views of the Pacific Ocean from the bluff it is perched upon.   The story is related to one MHProNews.com reported on previously – Malibu and Maxey remind us that some mobiles are worth millions – here in the Daily Business News.  Sources report that this is not the price record here, as some manufactured homes have sold in the 2.5 million dollar price range prior to the real estate downturn.

(Photo Credits: AOL RE and Wikimedia Commons)