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Democratic and Republican Policy Dilemmas, Affordable Housing, Economic Growth, and Manufactured Homes

February 18th, 2019 Comments off

 

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Let’s be clear. The publishers of MHProNews are political independents. We believe that affordable housing is a non-partisan issue.

 

A new report stresses the notion that Democratic and Republican lawmakers can and are working across the partisan political divide to promote manufactured homes as an important part of the solution for the affordable housing crisis.  That’s an encouraging example that Washington, D.C. could successfully embrace.  See that report by clicking on the linked text/image box below.

 

 

Democrats, Republicans Agree – “Manufactured Homes Can Play a Vital Role in Easing” the Affordable Housing Shortage

 

Ideally, bipartisan efforts to advance affordable housing could spell job plus household wealth creation.  The right policy supports and/or changes will either make common sense cures easier, or harder.  See the report below to learn more.

 

 

While MHProNews’ questions the practicality and constitutionality of many parts of the so-called Green New Deal, there are some stated positions taken by Democrats that we editorially believe makes sense. For example, Senator Elizabeth Warren has previously laid out a good case for antitrust action based upon existing law. We applaud her on that score, but more important, would encourage and celebrate its ASAP adoption.

 

Who Will Act? Will Senator Elizabeth Warren, and/or the Trump Administration Act to Restore Open Markets, Thereby Supporting Affordable Manufactured Homes?

 

House Financial Services Committee Chair Maxine Waters and some of her colleagues raised a warning a few years ago about Clayton Homes and their lending/businesses practices. That should be pressed by Waters and all on the House Financial Services Committee (FSC).

 

 

President Trump and some Republican lawmakers are similarly raising concerns about monopolistic practices that can unjustly twist the political process.  That goes beyond manufactured homes, and focuses on the tech giants known by the acronym #FAANG. While we believe in free enterprise, we oppose warped forms of rigged capitalism.  Free enterprise has rejected the trusts – monopolies – for decades.  That’s a position that Democrats and Republicans could agree upon. Beyond FAANG, Berkshire Hathaway and Microsoft (#BM) arguably should arguably be broken up under antitrust laws.  Doing so would achieve what Professor Scott Galloways said in the quotation below about the big four, but could be applied beyond those 4 to #DeFaangBM.

Put differently, there is a broad consensus that could be forged to advance not unconstitutional wealth redistribution, but rather enforcement of laws that may fine or punish some who have broken various laws.  That could also give more opportunities for new businesses and existing ones to emerge.

 

 

There is no logic or need to jettison what made America the wealthiest nation on earth. Rather, what is necessary is to apply the “American Way” principles of equal justice under the law that Democrats, Republicans, and Independents have effectively achieved at various points in times past.

 

Draft EO for Trump Administration AntiTrust Order Obtained by MHProNews

 

Breaking up monopolies is good public policy. Advancing affordable housing – including, but not limited to – the liberal use of manufactured housing just makes good sense too.

 

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It’s a disgrace that America is not in the top 20, 30, or even 40 nations on earth in the rate of home ownership.

 

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Home ownership, as HUD Secretary Ben Carson often said during his first year in office makes a significant difference in growing the personal wealth of Americans.  Renting households, said Carson, have an average household net worth of $5,000.  The average home owner, by contrast, has a net worth of some $200,000.  The most proven form of affordable housing has been manufactured homes.

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For newcomers to the website not familiar with modern manufactured homes, learn more by clicking the image above or the link here.

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Citizens can’t easily stop political posturing or game playing.  But what voters can do is encourage their elected representatives to promote the proven solutions now that routinely don’t even require new legislation.   What is needed is enforcement of existing laws.

MHVille Exclusive – Democrats Senators Sign Anti-Competitive Practices Letter to DoJ, Plus MH Market Updates

 

Democrats and Republicans each have billionaire supporters.  Money won’t be taken out of politics anytime soon.  The FAANG and BM have armies of lobbyists.  They will want more regulation, not an antitrust breakup.  But only an antitrust breakup will achieve what is needed for the American people.

 

Brad Says POTUS Trump is Right: More than Facebook & Twitter, Google Threatens Democracy, Online Freedom

 

Implementing an agenda that is non-partisan and can give each side ‘political victories’ by using existing laws is a simple notion whose time has come. Polls reveal that the public wants bipartisanship, and they are also catching onto the serious levels of ‘fake news’ that exists.

 

Trust in News, Washington Post vs Investors Business Daily Poll Results, MHVille Impacts

 

Those who ignore those trends could pay the price in 2020.

 

Affirmatively Furthering Fair Housing, a Novel Yet Proven Solution to the Affordable Housing Crisis That Will Create Opportunities, Based Upon Existing Laws

 

President Donald J. Trump, the 45th president’s administration, the GOP, and Democrats can create trillions of dollars in new economic opportunities by implementing existing laws.  See the related reports above and below to learn more.” That’s “News through the lens of manufactured homes, and factory-built housing” © where We Provide, You Decide.” © ## (News, analysis, and commentary.)

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Related Reports:

You can click on the image/text boxes to learn more about that topic.

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The First Step to Problem Solving and #HousingChoice

The “Need For Quality Affordable Housing Has Never Been Greater,” Says LT

 

Bridging Gap$, Affordable Housing Solution Yields Higher Pay, More Wealth, But Corrupt, Rigged Billionaire’s Moat is Barrier

 

“I knew right from the beginning.” When President Trump, First Lady Melania, VP Pence Toured Manufactured Home Community

 

The Ultimate Manufactured Home Industry Fact$, Data, and Insights – Bullets plus at-a-Glance Infographic

 

“The Illusion of Motion Versus Real-World Challenges”

 

 

 

 

 

Republicans Accuse CFPB of Not Representing the Best Interests of Hardworking Taxpayers

March 5th, 2015 Comments off

jeb-hensarling-2Housing Wire tells MHProNews that on Tuesday, March 3, Consumer Financial Protection Bureau Director Richard Cordray appeared before the House Financial Services Committee. At this time, Committee Chairman Jeb Hensarling (R-TX) continued his ongoing criticism of the CFPB as unaccountable.

“The CFPB undoubtedly remains the single most powerful and least accountable federal agency in all of Washington,” Hensarling said. “When it comes to credit cards, auto loans and mortgages of hardworking taxpayers, the CFPB has unbridled power not only to make those less available and more expensive, but to absolutely take them away.”

Hensarling continued by saying that he thinks that Americans are losing both their financial independence and the protection of the rule of law.  He said the Bureau is fundamentally unaccountable to the President, to Congress, and to the courts. Thus, the Bureau regrettably remains unaccountable to the American people. “That is why we need the CFPB on budget and led by a bipartisan commission,” he said.

Democrats who worry that the CFPB is being unfairly attacked aren’t seeing the big picture, Hensarling said.  “I was struck by a comment made by one of my Democratic colleagues who argued during the Committee’s markup of our budget views and estimates that the Bureau must be protected from ‘the whim of those are the legislators.’  I remind all of my colleagues that the legislators are chosen by the American people under the provisions of our Constitution,” he said.

He said CFPB actions are hurting the financial industry, not protecting consumers. “Free checking has been cut in half. QM increasingly stands for ‘Quitting Mortgages’ as community bank after community bank finds they can no longer offer mortgages to many of their deserving customers,” Hensarling explained.

Ranking member Maxine Waters, (D-CA), meanwhile, praised the CFPB’s track record, saying it has delivered $5.3 billion in relief to 15 million American consumers and service members since its inception in 2011.

Waters highlighted the many ways she says Republicans have worked to harm the consumer agency, citing efforts to advance legislation that would undermine the agency’s ability to shield consumers from duplicitous financial practices, end its autonomy, dismantle its leadership and bog down operations with countless requests for documents. ##

(Photo Credit: Bloomberg)

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Article submitted by Sandra Lane to – Daily Business News – MHProNews.

House Committee Chair Wants Faster Response from CFPB

March 5th, 2015 Comments off

jeb-hensarling-congressman-from-texasRep. Jeb Hensarling (R-TX), chairman of the House Financial Services Committee, is frustrated by the “stonewalling” exhibited by federal agencies, and is ramping up pressure on government officials to quickly comply with requests for information.

The Wall Street Journal tells MHProNews that Hensarling said he plans to provide federal agencies with an initial two weeks’ notice to comply with requests for documents. His office will then issue a follow-up letter two weeks later if the request is not completed. If those requests go unanswered, Hensarling said he “will not hesitate to issue a subpoena” for information. The move comes after House Republicans earlier this year changed their rules to give unilateral subpoena power to the leaders of several congressional committees.

Hensarling outlined how he will use his new authority to issue subpoenas to federal agencies in a letter sent Monday to his Democratic counterpart, Rep. Maxine Waters (D-CA). The Congressman from Texas and other House Republicans have clashed repeatedly with the Consumer Financial Protection Bureau (CFPB), which is the consumer-finance watchdog created by the 2010 Dodd-Frank law.

Hensarling said the CFPB has had an “abysmal record of non-compliance” with the committee’s requests for information.

A CFPB spokesman said the agency “makes it a top priority to be responsive to oversight requests” and “has replied to dozens of letters and document requests from its committees of jurisdiction, and has offered numerous staff briefings as well.”

Waters questioned the need for the subpoena policy, saying in a letter to Hensarling it will “leave agencies with a very limited time to review, produce, and if necessary remedy deficiencies in what are very extensive document productions.”

Congressional subpoenas, “must be used as a tool of last resort, not as a preliminary means of obtaining desired information,” Waters wrote in her letter sent last week. ##

(Photo Credit: Politico.com)

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Article submitted by Sandra Lane to – Daily Business News – MHProNews.

Rising Flood Insurance Premiums Addressed in Legislation

October 29th, 2013 Comments off

Chairman of the National Association of Home Builders (NAHB) Rick Judson commends the bi-partisan support from two Senators and two Representatives for advocating identical legislation providing relief from rising flood insurance premiums. Reps. Michael Grimm (R-N.Y.) and Maxine Waters (D-Calif.) and Sens. Robert Menendez (D-N.J.) and Johnny Isakson (R-Ga.) support the Homeowner Flood Insurance Affordability Act which will fix some of the unintended consequences of the Biggert-Waters Flood Insurance Reform Act. The measure would prevent premium rate hikes from going into effect for four years, thereby giving the Federal Emergency Management Agency (FEMA) time to accurately determine flood risk and respond to challenges from those who can prove existing flood plain maps are inaccurate. As MHProNews has learned, Judson’s statement says, “These provisions in the insurance reform bill will prevent undue hardship on the recovering housing market, help current and future policyholders keep their premiums affordable, prevent home values from dropping, and make the National Flood Insurance Program more effective for years to come.”

(Photo credit: glenviewpatch–Sunset Village manufactured home community)