Posts Tagged ‘regulatory reform’

Fight Club, Tyler Durden, Zero Hedge, JP Morgan, and the Coming Crash Cities Near You

October 6th, 2017 Comments off

FightClubTylerDurdenComingCrashCitiesZeroHedge2othFoxUproxxPostedDailyBusinessNewsMHProNewsPuerto Rico (PR) is not alone in its search for housing and financial stability. Millions only follow a story after a disaster, like Maria.  The U.S. territory of PR is joined by several mainland American cities – and some states? – as part of a financial maelstrom that some noteworthy analysts believe will soon impact a jurisdiction – and millions of people – near you.

To appreciate some of the dark analysis – and similar humor – found on Zero Hedge about the coming crash of several American cities, it is useful to get some background.

Zero Hedge and ‘Tyler Durden’

Zero Hedge is an English-language financial blog that aggregates news and presents editorial opinions from original and outside sources,” says Wikipedia. “The news portion of the site is written by a group of editors who collectively write under the pseudonym “TylerDurden” (a character from the novel and film Fight Club).


Rick Perry spotted waiting to fly commercial (good news for tax payers) at an airport, reading the Drudge Report.

For those some readers in the West Wing – or like former Texas Governor, GOP presidential hopeful, and now Secretary of the Department of the Treasury, Rick Perry – who read the Drudge Report, Zero Hedge is a periodic selection by the eclectic Drudge team of content worth considering.

Wikipedia, regarding the character from the movie, says – “The Narrator, also known as Tyler Durden, is a fictional character appearing as both the central protagonist and antagonist of the 1996 Chuck Palahniuk novel Fight Club, its 1999 film adaptation of the same name, and the comic book Fight Club 2.”

Uproxx provides some thoughtful quotes from the 20th Century Fox movie Fight Club.





Zero Hedge logo and tag line.


Against that backdrop, Zero Hedge analyzed a recent report by J.P. Morgan about the looming financial crisis coming an American city, likely one or more of which is not far from you.

We harp on the massive, unsustainable, yet largely unnoticed, debt burdens of American cities, counties and states fairly regularly because, well, it’s a frightening issue if you spend just a little time to understand the math and ultimate consequences,” writes Zero Hedge’s editors under the pen name, Tyler Durden.

Luckily, for those looking to escape the trauma of being taxed into oblivion by their failing cities/counties/states, JP Morgan has provided a comprehensive guide on which municipalities haven’t the slightest hope of surviving their multi-decade debt binge and lavish public pension awards,” says the Zero Hedge editors.


If you live in any of the ‘red’ cities below, it just might be time to start looking for another home…” ‘Tyler Durden’ snarks.


Zero Hedge’s editors explain the context of the JP Morgan sobering research.

JP Morgan ranked every major city in the United States based on what percentage of their annual budgets are required just to fund interest payments on debt, pension contributions and other post retirement benefits,” writes ‘Tyler Durden.’


The results are staggering,” Durden says. “To our great ‘shock’, Chicago residents win the award of “most screwed” with over 60% of their tax dollars going to fund debt and pension payments.  Meanwhile, there are a dozen municipalities where over 50% of their annual budgets are used just to fund the maintenance cost of past expenditures.”


Zero Hedge’s editors explain that, “As managers of $70 billion in US municipal bonds across our asset management business (Q2 2017), we’re very focused on credit risk of US municipalities.”

These multi-billion-dollar fund managers are hedging their bets, pardon the pun, against cities and towns near you.  So, in some form or fashion – either risk or opportunity (or both) – this wave of debt will impact numerous bottom lines in cities or town in the  near you.

Manufactured Housing Industry pros need to be aware, and prepare.

PuertoRicoFloridaSEUnitedStatesGoogleMapsDailyBusinessNewsMHProNews (2)

One way or another, factory builders will be part of the solution in PR. Will it be the Chinese? Americans? Who? Will they do it well, or properly, or will those who go pull another Clinton/Clayton Haiti? Click the above for more.

Puerto Rico, yes, you have your own tragic conditions. As politicos of both major parties are flocking to the island now spotlighted by Irma’s devastation, another crisis is getting less attention.


That debt isn’t just federal.  Its lurking in a city, town, and state near you.


Given the data, do you see why MHProNews has editorially supported a pro-growth economic policy, regulatory reform, tax reform, cutting of budget waste? And, of course – manufactured homes – as a vital part of the solution hiding in plain sight. 

With 20 trillion and counting in D.C., isn’t it time to consider how that will impact the U.S., and global economy?  And thus, your business interests, in local markets? 

Government debt.  It’s a crisis. It creates risks.  But applying Sam Zell’s thought process, do you see how it also can be opportunity knocking for those in the affordable housing industry?


Click the above for a video to learn more. Image collage by and

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

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Spotlight-National Federation of Independent Business (NFIB), Manufactured Housing, Tax Reform

September 28th, 2017 Comments off

NFIBTaxReformNationalFederationIndependentBusinessDailyBusinessNewsMHProNewsSources with the National Federation of Independent Business (NFIB) tell MHProNews that they have about the same number of manufactured housing industry members as the Manufactured Housing Institute (MHI) does.

All told, the NFIB has some 325,000 member companies.  That’s about 1,000 times the size of MHI.

A now retired manufactured housing industry state association executive told the Daily Business News (DBN) on MHProNews that he “partnered” with NFIB successfully on several issues in his market.

As the industry’s professionals seek association-level national leadership voices that could provide a sound alternative to MHI, it’s good to get a feel for how large and impactful the NFIB is, what their position is on an issue such as tax and regulatory reform, and how professional they are compared to MHI.

The DBN has reported on NFIB for several years across a spectrum of issues.

The bottom lines are that they are pro-small business, promote less federal regulation, work for lower rates and a simpler tax code, and support many other issues that will often appeal to the small-to-mid sized manufactured housing operation.



A recent report on NFIB is linked here, or by clicking the graphic above. ## (News, analysis.)

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

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MHARR: President Trump’s Actions Offer Major Opportunity for MH Industry and Consumers

February 28th, 2017 Comments off

Credit: MHARR, Wikipedia.

Washington, D.C., February 28, 2017 – The Manufactured Housing Association for Regulatory Reform (MHARR) tells MHProNews that Executive Orders issued by President Trump within the past thirty days provide an unprecedented opportunity for the federally-regulated manufactured housing industry and American consumers who rely upon manufactured homes.

The orders, says MHARR, fulfill the campaign promises by the President to significantly curtail the “regulatory state,” provide a solid basis for the industry and consumers to seek the elimination or modification of needless, job-killing federal regulations that unnecessarily increase the cost of the nation’s most affordable homes.

President Trump’s actions also provide a foundation for fundamental reforms to the manufactured housing program at the U.S. Department of Housing and Urban Development (HUD), to bring the program into full compliance with the landmark Manufactured Housing Improvement Act of 2000.

MHARR says that executive orders issued on January 30th and February 24th require virtually all federal agencies to identify at least two existing regulations to be repealed for each new regulation added to the agency. Further, the agencies must designate a “Regulatory Reform Officer” and appoint a “Regulatory Reform Task Force” to identify regulations that eliminate jobs or inhibit job creation that are outdated, unnecessary or ineffective.

In combination with the government-wide regulatory freeze order implemented January 20th, and the pending confirmation of Dr. Ben Carson, as HUD Secretary, MHARR says that these mandates offer potentially once-in-a-lifetime opportunities for the industry and consumers to put a severely out-of-touch and out-of-control federal manufactured housing program back on-track.


M. Mark Weiss. Official Photo.

The stance of the Trump Administration on the needless regulatory burdens confronting America’s small businesses is a godsend for the manufactured housing industry and the mostly lower and moderate-income Americans who rely on its homes for affordable, non-subsidized housing,” said MHARR President and CEO, Mark Weiss.

With these new policies, the industry and consumers have an unprecedented opportunity to achieve and cement in place the major program reforms mandated by Congress in the 2000 reform law. While MHARR intends to aggressively pursue this opportunity, it cannot be the only industry organization seeking fundamental change to put the federal program back on track.

The go-along-to-get-along segment of the industry, accordingly, has a crucial decision to make – to either embrace fundamental change, or continue protecting an unacceptable and indefensible status quo.

The full release from MHARR is linked here.

For MHARR’s comments on the State Administrative Agencies (SAA) funding rule, click here. ##


(Image credits are as shown above.)



RC Williams, for Daily Business News, MHProNews.

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

Danny Ghorbani, President and CEO of Manufactured Housing Association for Regulatory Reform (MHARR) Retiring

November 20th, 2014 Comments off

danny_ghorbani_photo_manufactured-housing-association-for-ress46 year manufactured housing industry veteran, Danny D. Ghorbani, President and Chief Executive Officer of the Manufactured Housing Association for Regulatory Reform (MHARR) will be retiring effective December 31, 2014.

In a release anticipated by MHProNews, MHARR stated that Mr. Ghorbani, “A 46-year veteran of the manufactured housing industry who has served since 1985 as the first and only President & CEO of MHARR, Ghorbani was  asked by the MHARR Board of Directors — and has agreed — to continue as the Association’s Senior Advisor on national policies. Further, to ensure a totally seamless transition and uninterrupted continuation of the Association’s national policies and activities, the Board has selected the Association’s current Senior Vice President, Mark Weiss, to be MHARR’s new President and CEO effective January 1, 2015.”

MHARR Chairman John Bostick stated that “In his 46 years of service to and representation of the  manufactured housing industry, Danny Ghorbani has contributed  tremendously to the advancement and evolution of all aspects of our  industry. We wish him and his family a well-deserved and enjoyable retirement, knowing that he will continue assisting MHARR and the industry going forward.”

From their offices in Washington, D.C., Ghorbani said: ”It has been a privilege and honor  to work for, represent and advance an industry that I love and a product that I truly believe in.” He  continued, “but the real reward for me personally has been and will continue to be the literally thousands of friends and supporters that I have been fortunate enough to know and  work closely with in advancing this great industry.”  

MHARR members and others will think of him for his decades of tireless efforts at advancing the cause of independent manufactured home producers as he uniquely  saw that vision. He has been honored as a member of the RV MH Hall of Fame. The entire MHARR release, is available at this link here.

MHProNews wishes Danny, his family and all those whom he has served only the best. ##

(Photo credit: MHARR)


MHARR Comments on Manufactured Housing Anchor Standards

September 19th, 2013 Comments off

The Manufactured Housing Association for Regulatory Reform (MHARR), commenting on the proposed new ground anchor testing criteria and standards, says it has no objections as long as the new rule is consistent with recommendations made by the Manufactured Housing Consensus Committee (MHCC). However, MHARR calls for HUD to allow existing anchors to be utilized beyond the deadline set for the new standard until the supply is depleted. MHProNews has learned MHARR does object to the re-codification of certain federal installation standards that could subject the industry to inconsistent and discriminatory state and local regulation.

(Image credit: mobilehomedepot.mi–manufactured housing anchor straps)

MHARR: HUD Formaldehyde Rules should be Discarded

September 13th, 2013 Comments off

The Manufactured Housing Association for Regulatory Reform (MHARR) reports two rules proposed by the Environmental Protection Agency (EPA) as required by the 2010 Formaldehyde Standards for Composite Wood Products Act (the Act) would establish nationwide emissions standards for composite wood products, many of which are used in manufactured housing, and a third-party testing and certification system. The Act seeks federal adoption of the California Air Resources Board (CARB) formaldehyde emissions standards, the most restrictive in the nation, that would also raise the cost of composite wood products in all housing. Additionally, the Act directs the Dept. of Housing and Urban Development (HUD) to align its manufactured housing standards with the proposed final EPA standards, rendering unnecessary the existing HUD standards, which MHARR says should be repealed. MHProNews understands MHARR has supplied HUD with its comments.

Manufactured Housing Production Rises in June

August 2nd, 2013 Comments off

Statistics from the U. S. Department of Housing and Urban Development indicate production of manufactured homes in June hit 5,388 homes, 5.1 percent over the 5,075 homes produced in June of 2012. Production for the year stands at 29,133 homes, similarly a 5.1 percent increase over the 27,715 for the same period last year. As the Manufactured Housing Association for Regulatory Reform (MHARR) tells MHProNews, Texas continues to lead all the other states in shipments by a long shot.

(Photo credit: Wikipedia–manufactured homes prepared for shipment.)

Manufactured Housing Finance Needs to be in Reform Bill

July 23rd, 2013 Comments off

While the Manufactured Housing Association for Regulatory Reform (MHARR) reports the government-sponsored enterprise (GSE) finance reform bill in the House, called the Protecting American Taxpayers and Homeowners Act (PATH), is being prepared to move forward, there is no indication manufactured housing consumer financing is included. Although some industry reports say PATH “should” include manufactured home loans within the new privately-based securitization structure, it is too risky to leave it to chance. Given that it is not known when the the measure may come to the House floor, MHARR strongly recommends that mandatory manufactured housing consumer finance language is included in the bill, and that an amendment to that effect be drawn and readied for inclusion. MHARR and the Manufactured Housing Institute (MHI) are working together on this initiative, as MHProNews has learned.

(Photo credit: Liberty Homes)


Manufactured Housing Production Increases in May

July 3rd, 2013 Comments off

The U. S. Department of Housing and Urban Development (HUD)’s statistics reveal manufactured housing production rose in May, 2013 to 5,622 homes, an increase of 7.8 percent over the 5,211 HUD Code units produced in May of 2012. As the Manufactured Housing Association for Regulatory Reform (MHARR) informs MHProNews, total production for 2013 has reached 23,795 HUD Code homes, a 5.1 percent increase over the 22,640 homes for the same time period in 2012.

(Photo credit: Chris Butler/idahostatesman–Delores Loredo nailing a roof on a manufactured home in Nampa, Idaho.)

Formaldehyde Emissions Standards Proposed

June 11th, 2013 Comments off

The Manufactured Housing Association for Regulatory Reform (MHARR) informs MHProNews the Environmental Protection Agency (EPA) has issued two proposed rules regarding formaldehyde emissions from specific composite wood products, some of which are used in the production of  manufactured housing. The Formaldehyde Standards for Composite Wood Products Act of July 2010 directed the EPA to establish federal formaldehyde standards for hardwood plywood, particleboard, and medium-density fibreboard as well as methods of enforcing the rules. The standards are the same as those already adopted by the California Air Resources Board (CARB). Enforcement of the new federal standards at the component supplier level would begin one year following publication of the final rule in the Federal Register.

(Photo credit: Fotosearch–pressed particleboard)