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Local Developer Says MH Community Hurts Property Value

January 26th, 2017 Comments off
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Credit: MHProNews.

North of the border, in Mayerthorpe, Alberta, Canada, in what appears to be another case of NIMBY (Not-In-My-Back-Yard), a housing developer is not pleased about a planned manufactured home community.

According to the Mayerthorpe Freelancer, local housing developer Tim Rosadiuk criticized Mayerthorpe’s new manufactured housing subdivision and said there is a lack of good places to build in town.

Rosadiuk, president of Cozifoam Roof Armour Systems, made a presentation to the town’s policies and priorities committee meeting on Jan. 16. In that presentation, he said the town was wrong to create a new manufactured housing subdivision on the former site of Ellis Granley Park.

The town needs to generate more tax revenue in order to improve services, be able to pave more roads, encourage population growth and density,” said Rosadiuk.

I would see that it offers up to a 30 to 50 per cent tax revenue possibility than manufactured homes for the same unit area of building space.

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Tim Rosadiuk. Credit: Mayerthorpe Freelancer.

Rosadiuk also said it was hard to find places in town to develop site-built homes that do not have surroundings that would diminish the value of the property.

I was discouraged to hear that this property is being developed as more manufactured housing,” said Rosadiuk.

If I choose to build a new house in town, I am hard pressed to find a place where the surroundings won’t diminish the resale value of my new property.

After the meeting, Mayerthorpe Mayor Kate Patrick defended the decision on the manufactured home community, sighting the location.

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Mayor Kate Patrick. Credit: Mayerthorpe Freelancer.

We like to keep the manufactured housing subdivisions in areas where they’re not spot zoning into regular housing areas,” said Patrick.

That area was conducive to the manufactured housings that surround it.

Patrick mentioned that development in the new subdivision is making progress with developers and they are expressing interest, although nothing has been confirmed yet.

She added that Mayerthorpe was going to look into the concerns from Rosadiuk.

We’re in the process of reviewing our land use bylaw and some of the concerns that he brought up will be addressed in the new land use bylaw,” said Patrick.

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Credit: OHRC.ON.CA, under fair use.

The Daily Business News covered the controversy in Mayerthorpe recently, and also here in the U.S., where in Aiken, South Carolina, 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. ##

 

(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.

 

Golden U.S. Housing Opportunities for Chinese Investors

December 11th, 2014 Comments off

china-stars-map-credit=wikicommons-posted-daily-business-news-mhpronews-com-Chinese investors have their eyes set on trouble Detroit, Michigan and other American markets, seeing great opportunities for housing investments.

According to Financial Fuzz, Mainland China residents who invest in US property are motivated by a few things; profit potential of underpriced markets, educational opportunities for their children, and international diversification of investments.”

In Detroit, with distressed houses that can be purchased for $10,000, the opportunity to profitably re-build that city holds strong appeal.

Financial Buzz tells MHProNews that the Chinese are investing in more places throughout the U.S. then many realize.

According to the National Association of Realtors, Chinese investors spent $8.2 billion on U.S. property in 2012, generating approximately $492 million in commission for U.S. real estate agents. Among the preferred destinations for Chinese capital are New York, Los Angeles, Detroit and San Diego.

As was previously covered in MHProNews, China based international industrialized home builder LandSea has targeted $1 billion over 5 years in new residential construction in the U.S..

Can such facts spell possible opportunities for domestic factory homebuilders? Will more American firms reach out to these Asian and other sources of capital to see what housing deals might be struck?

With the surge by Chinese investors in the U.S., experts are watching their next move. ##

(Photo Credit: Reuters)

joseine-josie-thompson-writer-daily-business-news-mhpronews-com50x50-Article submitted by Josie Thompson to – Daily Business News – MHProNews.

Celebs, Public Accepting Pre-Fabs

August 14th, 2012 Comments off

bob-dylan-david-copperfield-wikimedia-mhpronewsMarketWatch tells MHProNews that pre-fab builders such as Home by Vanderbuilt and Cabin Fever are seeing the easing of the stigma of modular and factory-built homes. “Modular homes can provide features that lower energy bills; the materials are factory-made, which cut production costs; and the time it takes to build a property is incredibly short in comparison to on-site construction methods.” said a statement by Vanderbuilt. In addition to cost-saving potential, modular homes are also safer than consumers expect. The report states that Cabin Fever’s products can withstand Florida hurricanes, California earthquakes, provide cool temperatures in the hot desert and stay warm in cold mountain regions. As evidence of the claim that outdated stigmas are easing, name entertainers such as Bob Dylan and David Copperfield have requested prefab homes. ##

(Image credit: Wikimedia Commons; (L) Singer Bob Dylan, (R) magician David Copperfield)

Bender MH community sells to developer

September 27th, 2011 Comments off

Bender_MH_community_location,_Ft_Collins_CO_google_mapsColorodoan reports that Bender Mobile Home Park has sold to a developer who plans to redevelop the location as single family housing. Located at 912 Wood Street in Fort Collins, CO, the property has 16.7 acres, some two dozen factory built homes and some site built housing structures on it already. Developer Gino Campana traded other property he owns to the Howard E. Bender Revocable Trust, owner of the Bender MHP. Campana said he is working with the city and their resources to help relocate the residents, many of whom have lived their for decades. Residents have been notified they have roughly six months to move.

(Graphic credit: Google Maps)