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

May 1st, 2018 Comments off

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From time to time, the Daily Business News or MHLivingNews.com discovers or is provided as a tip a column that is re-shared to our readers at length.  That’s the case this morning, with a post about manufactured homes written by talk radio host, Tom Egelhoff.

 

Before sharing Egelhoff’s observations about a hot topic in his part of the country – and the nation at large – some background on him and his career are in order.

KMMS AM 1450 Bozeman says about Egelhoff, “…Has Been The Host Of “Open For Business,” A Business And Consumer Talk Show On KMMS Since 2004. I’m The Author Of “How To Market, Advertise And Promote Your Business Or Service In Your Own Backyard” (Wiley), And “The Small Town Advertising Handbook: How To Say More And Spend Less,” And “How To Market, Advertise And Promote Your Business Or Service In A Small Town.”

Egelhoff’s books are used as texts in the University of Alaska and Missouri State University.  He’s been a guest on MSNBC’s “Your Money.” He’s also been featured in Costco’s Connection Magazine, Target Market Magazine, Emerging Business, and Business Adviser.

We don’t want to do the SIC (typo or terminological error found in the original) during our extended quotes from his article, so we’ll politely note that what Egelhoff calls a “mobile home” in a “trailer park,” he himself clarifies by saying is in a manufactured home community.

A few thoughts will follow his column. The extended quote in brown text below, with only his closing call for comments omitted.

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The original column is found at this link, here. Enjoy.

MOBILE HOMES: BOZEMAN’S AFFORDABLE HOUSING ANSWER

A small trailer park (sorry, manufactured home park) located on North Willson in Bozeman is in the cross hairs of development plans.

Kick out the MH’s and build multiple three-story duplexes in their place. Affordable housing gone. Welcome to another high rent district on the North Side.

My Affordable Housing

About ten years ago my wife and I disposed of our Bozeman home and moved into one of the Mobile Home Parks in Bozeman.

Why on earth would we do something so stupid? All that equity gone, losing an appreciating asset to live in a depreciating asset. Why?

Plus, you don’t own the land. Why do such a thing?

Consider this, as I did. The fine folks on South Willson don’t own their land either. They pay, as I do, lot rent in the form of property taxes. It’s semantics.

Don’t pay your property tax and guess what — you’re homeless.

My Affordable Housing Retirement Plan

Since I realized too late that retirement was closer then further I had to make serious plans for our financial future.

One of those plans was to dump a $1,500 a month mortgage payment for a $400 lot rent payment on something I owned outright.

That freed up $1,100 a month to invest in an interest bearing financial vehicle rather than pay it to a bank and hope my home might appreciate as real estate usually does.

However, in Bozeman I found that Mobile Homes also appreciate in this market.

In hindsight my decision to downsize our living quarters and upsize my investments has paid off handsomely in spite of the Great Recession of 2009.

Some Final Thoughts

For some people there might be a negative stigma attached to living in a mobile home. I really don’t care considering that I’m able to do most of the things my wife and I want to do without the worry of the monetary consequences. It’s a good feeling to have.

Our home appreciates as does our investment portfolio. I live in affordable housing. So do the folks on North Willson.

If the city commission was true to its word it would deny the raising of that park. Destruction of affordable housing to make way for unaffordable housing makes little sense.

Just because it’s on wheels doesn’t make it bad.”  

end of extended quote

He didn’t use the graphic below, but we have a strong hunch that he’d get the quote, and enjoy the collage of modern manufactured homes too.

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Terminology matters, as we’ve said countless times.

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Learn more, at this link here.

That noted, and not yet having spoken with Mr. Egelhoff, he may be using that lingo for specific tactical reasons – such as to connect with his target audience. The Daily Business News would note that there’s another way to accomplish that, but he’s a talk radio personality, not a manufactured home (MH) industry spokesperson.

At least. he’s not an MH spokesperson yet…

But in short order, Tom Egelhoff made the following points, that dovetail with topics we’ve covered for years.

  • Egelhoff’s brilliantly blunts the sting and stigma unjustly attached to manufactured home living.
  • He explains how manufactured homes can appreciate, as well as depreciate, part of what causes that are the same factors found in conventional housing.
  • He walks readers through the logic of investing the difference in cost between the affordable manufactured home and the higher cost conventional house, a point that Florida Atlantic University researcher and real estate economist, Ken Johnson has made (see that in the related report, linked further below).
  • He makes the pithy case for land-lease living too, and
  • Manufactured homes as the solution for affordable housing hiding in plain sight.

We plan to reach out to Mr. Egelhoff.  Should we connect, MHProNews will bring you more from this gentleman. Stay tuned. ## (News, analysis, and commentary.)

NOTICE: Exclusives from HUD, and Attendees about Secretary Carson’s comments at MHI will be part of an upcoming report. Sign up for our emailed news updates for that notice, and to stay up with all of the industry’s most popular, independent, and fact-based converge. ## (News, analysis and commentary.)

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Related Reports:

“The Solution to the Affordable Housing Crisis is Hiding in Plain Sight”

 

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Soheyla is a managing member of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com.

Evergreen, Manufactured Homes and NIMBY, “Why the Feds Must Step In”

April 12th, 2018 Comments off
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Residents packed a meeting room to discuss – or oppose – a planned manufactured home community near their neighborhood.

A HUD PD&R, and other third-party studies reveal that manufactured homes appreciate side-by-side with conventional housing.

 

There’s been no new mobile homes built in the U.S. since June 15, 1976, the date construction on the first HUD Code manufactured homes formally began.

But you may not know those facts if you were one of dozens of residents who piled into a Montana town’s meeting room.

According to NBC Montana, most of those residents where there to protest the development of a new 122 site manufactured community.

A hung jury for the Flathead County Planning Board Wednesday night regarding a controversial mobile home [sic] development on West Evergreen Drive,” per NBC Montana.

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The 6 person jury was split, 3 voted against and 3 voted for the proposed West Evergreen Estates subdivision.

More than 70 people turned out for the meeting from the surrounding vicinity to give testimony against it and a decision wasn’t reached until past midnight,” per the NBC affiliate.

Residents gave public comment on how the proposed 122-lot mobile home [sic] park could potentially lower their property values, increase crime in the neighborhood and strain their already congested streets and schools,” wrote Larisa Casillas.

Who’s going to pay for the loss in our property? We already have people who have their homes for sale, and the buyers will say, ‘It’s going to depend on whether the mobile home goes through, otherwise we don’t want your property,’” said Virginia Feiker, an Evergreen resident.

It’s really going to be devastating to all of us what ends up happening,” she added.

Anders’ neighbor Chance Jeschke doesn’t think it’s a good idea. “Neighbors would like to see another type of development built on the vacant lot across from them, but they feel a trailer park may lower their property values,said Casillas.

I was raised in a trailer, I don’t have a stigma against it, but I just don’t know if that’s exactly what we need right here,” said Jeschke, who has lived in his current home for 19 years.

The issue will now go before the County Board of Adjustment on May 1.

 

“…Hasn’t done Jack Sh-t…

A twenty-five year award winning veteran of a well known manufactured home industry operation lamented to the Daily Business News that the industry “hasn’t done Jack Sh-t” to deal with the image issue.

Frank Rolfe, before going silent in the wakes or reported “encouragement” from 21st Mortgage Corp., complained that the Manufactured Housing Institute (MHI), the industry’s self-proclaimed post production association routinely failed to deal with the challenge of bad news, and often ignored positive media reports beyond their own advertorials.

I think that [Richard] Dick Jennison [MHI’s President and CEO] wants to control the narrative with media. He’s afraid to talk to the press, because he knows he can’t control the narrative,” a state association executive told MHProNews

 

Why the Feds Must Step In

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L. A. “Tony” Kovach, photo by Mark Simon, shows Kovach engaging with SAAs in NY. 

This is the latest sign of a long pattern that costs America an estimated $2 trillion dollars annually in lost productivity,” said published L.A. “Tony” Kovach (see linked YIMBY vs NIMBY, in related reports, linked further below).

Every claim and concern voiced in these videos by locals has a fact-based third-party response that’s been documented on MHLivingNews and MHProNews,” Kovach said. “Call it bigotry or ignorance, but their thinking fits a textbook definition for prejudice. This is why the Feds must step in, just as they did in the 1950s and 1960s on school and racial issues. Access to affordable housing is a right, part of the dream and promise of America.  Which of those residents would want to have their access to ownership denied in a similar fashion?”

 

He pointed out that the homes across the street have roof pitches that looked very much like those found on lower cost, entry-level manufactured homes. The award winning industry professional explained that HUD arguably had the jurisdiction to act in cases like this.

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But beyond legal force, there ought to be a sustained educational effort. “Understanding that this costs them money not to do it, plus denies honest economic development, there are many reasons to do this kind of project.”

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Homes like those shown would enhance the neighborhood in Evergreen, where a proposed community of 122 sites is being debated.

Manufactured home professionals are routinely honorable people. Manufactured home residents aren’t criminals whose kids are to be shunned in school. Change the story from NIMBY to race, and these people would be labeled bigots,” he said, adding “But this isn’t about name calling. It’s about action. This will cost their tax base if it isn’t advanced.  It will cost people who need or want a manufactured home an opportunity to build equity. Presuming the developer does what so many want, and execute on this project properly, it would raise their property values.” 

Many benefit if it is done properly, and the very ones protesting, plus many others are the losers if it isn’t advanced,” Kovach said.

 

Where is MHI?

When will MHI routinely begin to act to engage on issues like this one?

When will state and local officials realize that it often costs them money, because they have to create subsidized rental housing?

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Tye explained that public housing – an entitlement – often yields addiction. Ownership vs. renting or living in “projects” leads to integrity, a view he likens to those of Dr. Martin Luther King, Jr.

And when will HUD and federal officials enforce the laws and rulings that could create more economic development and opportunities in towns like this from coast-to-coast? ## (News, analysis, and commentary.)

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Related Reports:

Manufactured Housing “Top Ten Truths”

YIMBY vs. NIMBY, Obama Admin Concept Could Unlock $1.95 Trillion Annually, HUD & MH Impact

Pride and Prejudice: The Truth About Manufactured Home Communities and Crime

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Soheyla is a managing member of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com.