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Investment into U.S. Real Estate Market Risen – 3 Year Trend, Says Marcus & Millichap CEO Hessam Nadji

June 28th, 2019 Comments off

 

InvestmentUSRealEstateREITsRisen3YearTrendMarcusMillichapCEOHessamNadjiDailyBusinessNewsMHProNews

A new research report by Marcus & Millichap reflects a three-year trend of rising direct investment into U.S. real estate.  Marcus and Millichap (MMI) is involved in the manufactured housing industry, and in other commercial real estate sectors.  They are among the firms our evening market report tracks that are connected to manufactured housing, with last night’s closing numbers found at this link here.

 

In a release to the Daily Business News on MHProNews, MMI provided this video by left-of-center CNBC along with highlights of some of their findings.

  • CNBC featured Marcus & Millichap’s President and CEO Hessam Nadji. European Investors Attracted by US Economy. U.S. Commercial Real Estate Offers Compelling Yield and Growth Opportunity to Global Investors.

·        Why global capital flows into U.S. CRE have increased

·        Variations among markets across the U.S.

·        REIT, institutional and private investor trends

 

 

 

First quarter GDP for the U.S. was recently confirmed at a 3.1 percent growth rate. While the U.S. trade and other tussles with nation’s around the world has drawn reams of negative digital ink, it is reports like this by Nadji that reflect the reality that hundreds of billions of dollars has flowed into the U.S. for investment purposes since the 2017 tax cut went into effect. Coupled with regulatory roll-backs, the investment environment has improved for businesses of all sizes.

Something has gone right with the U.S. economy.  Perfect?  Absolutely not. Better? To the objective mind, the data Nadji and others cite is clear. Of course, the economy has improved. Sure, more can be done, with the right policies and business climate.

Facts, evidence, reason, and history provide a lens for objectivity. When investors and businesses are craving as much certainty as they can obtain, this MMI report directly and obliquely reflects that a good start has been made.  What happens next is up to “We, the People.” That’s why discerning what happens on November 3, 2020 – election day – matters.  

On May 13, 2019, Nadji did the video below on housing.  He makes a statement that may be a mis-phrasing, that ‘people prefer to rent.’  That there are some 111 million renters, per Apartment List, is beyond question. But prefer to rent?  Doesn’t other research reflect that most renters, given the opportunity want to be homeowners? So says the National Association of Realtors and other evidence confirms that trade group’s findings.  The American dream has never been about renting affordably. It has been about owning, building equity and wealth, and passing it onto the next generation. 

That point aside, Nadji makes several apt observations about forces that impacted the housing market in the last year or so.  Take a look and listen. 

 

 

Housing and related is a multiple trillion-dollar market annually. It has often been said that housing and automotive are among the key drivers of the U.S. economy.  Yet, manufactured housing is underperforming.  That causes objective minds to ask, why?

We’ll pull several thread together in an upcoming report that will once more have that as a bottom line.  The opportunity for manufactured housing professionals has perhaps never been better.  Study after study by third parties reflect the potential.  Research reports by third parties reveal that the quality and value proposition for manufactured housing has been proven for decades.

 

SmokingGunEvidenceOfAntiTrustMonopolisticCollusionMoatClaytonHomesKevinClayton21stMortgageTimWilliamsWarrenBuffettMHLivingNewsMHProNews

In a series of direct quotes in context, a document from 21st Mortgage signed by their president Tim Williams, Warren Buffett’s direct quotes from that same year’s annual letter, and video recorded comments by Kevin Clayton, all line up in what attorneys who reviewed it see as ‘smoking gun’ evidence of antitrust violations. They demonstrate how thousands of independent retailers, communities, and several producers – among others – where purportedly directly harmed by action that could be deemed an antitrust violation. See for yourself: https://www.manufacturedhomelivingnews.com/bridging-gap-affordable-housing-solution-yields-higher-pay-more-wealth-but-corrupt-rigged-billionaires-moat-is-barrier/

What’s been largely overlooked in the industry’s trades until reports here and on our sister site began to unravel the evidence and money trails are the role played by what our management and others in the industry believes are clear evidence of market manipulation that artificially suppressed our industry and outcomes. The goal? Arguably for the purposes of consolidation at a discount while eluding regulatory scrutiny. Clayton, 21st Mortgage Corporation, the Manufactured Housing Institute (MHI), and their outside attorney have repeatedly declined comment on these concerns.  If there is nothing to hide, why are they hiding?  The MHI breakaway NAMHCO and MHARR exist precisely because they had no confidence in MHI, which many believe is dominated by various big boy companies, including those owned by Omaha, Nebraska based Berkshire Hathaway. 

 

UnderstandingWarrenBuffettCastleMoatMetaphorsQuotesDailyBusinessNewsMHProNews

Never forget that even during medieval times, castles and their moats were in fact breached.

That’s today’s second episode of “News Through the Lens of Manufactured Homes, and Factory-Built Housing,” © where “We Provide, You Decide.” ©. ## (News, fact-checks, analysis, and commentary.)

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Submitted by Soheyla Kovach to the Daily Business News for MHProNews.com. Soheyla is a managing member of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com.

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Rent Controls and Manufactured Housing Restrictions Targeted in New Presidential Executive Order

MH Community Leader Robert Van Cleef – Public Call – Federal Investigations of Berkshire Hathaway, Clayton Homes, 21st Mortgage, Manufactured Housing Institute

Independent MH Communities, Retailers – NAMHCO’s Susan Brenton Says What Fueled Break from Manufactured Housing Institute (MHI)

President Trump Signs Executive Order on Affordable Housing Crisis, Ray of Light for Manufactured Housing? Plus, Manufactured Home Stock Updates

 

 

 

 

 

 

 

 

U.S. Slips in World Competitive Rankings, per Swiss-Based IMD Competitiveness Center

May 31st, 2019 Comments off

 

USSlipsWorldCompetitiveRankingsPerSwissBasedIMDCompetitivenessCenterDailyBusinessNewsMHProNews

Still image from video, posted further below.

The world is not about to come to an end.  But the U.S. has gone from 1st to 3rd in the IMD World Competitiveness global rankings.

 

CNBC noted these bullets from IMD’s research.

  • For the first time in nine years, Singapore surpassed the United States and Hong Kong to clinch the title of the world’s most competitive economy, according to IMD’s 2019 World Competitiveness Rankings.
  • Singapore’s immigration laws, advanced technological infrastructure, availability of skilled labor and efficient ways to set up new businesses helped it advance to the top, the Switzerland-based business school found.

In a year of high uncertainty in global markets due to rapid changes in the international political landscape as well as trade relations, the quality of institutions seem to be the unifying element for increasing prosperity,” Arturo Bris, an IMD professor and director of the World Competitiveness Center, said in a statement, per Fox Business.

What neither Fox nor CNBC noted is that China and Canada have slipped in this index too.

ArturoBriaDirectorIMDWorldCompetitivenessCenterProfessorFinanceSwissDailyBusinessNewsMHProNews

To determine the results, the study incorporates 235 indicators from each of the ranked 63 economies, taking into account statistics like unemployment, Gross Domestic Products (GDP) and government spending on health and education, as well as issues like social cohesion, corruption and globalization.

The Asia-Pacific region emerged as a contender for competitiveness, with 11 out of 14 economies either improving or holding their ground, led by Hong Kong and Singapore. Indonesia leaped 11 spots to 32nd — the biggest improvement in the region, thanks to increased more efficiency in the government sector and improved infrastructure.

Conversely, competitiveness across Europe has struggled to gain ground. Uncertainty over Brexit sent the United Kingdom down three spots, from 20th to 23rd. The biggest climber for the region was Ireland, which rose five places to 7th as business conditions improved.

The top 20 most competitive economies, according to IMD.

  1. Singapore
  2. Hong Kong SAR
  3. United States
  4. Switzerland
  5. United Arab Emirates
  6. Netherlands
  7. Ireland
  8. Denmark
  9. Sweden
  10. Qatar
  11. Norway
  12. Luxembourg
  13. Canada
  14. China
  15. Finland
  16. Taiwan, China
  17. Germany
  18. Australia
  19. Austria
  20. Iceland

Bloomberg framed it through the lens of India’s global ranking in their video below.

 

 

The entire list is shown below.

2019WorldCompetitiveRankingsIMDWorldCenterDailyBusinessNewsMHProNewsManufacturedHomeMHProNews

 

What these sources should note is that U.S. is significantly ahead of China, Canada, Germany and other larger global competitors.  The U.S. dwarfs Russia in competitiveness by some 42 spots in this ranking.

Let’s note that in October 2018 a different report showed the U.S. ‘returning’ to the top spot.

 

 

The point in part is that the Daily Business News on MHProNews isn’t examining which of these reports is better.  One global research report showed the U.S. rising under the “Trump economy,” another now claims the nation is sliding modestly. Either way, the U.S.A. is near the top.

At the bottom of the list is Mongolia and Venezuela.  Imaging, Venezuela – once one of the most prosperous nations in Latin American, with huge oil reserves – among other natural resources – a decade of socialism has put it at the bottom of the barrel.

The U.S. isn’t perfect, but it is better than many other options.  Such research should remind business professionals of that reality.  The overall economic climate is the best in years, as consumer confidence, low unemployment, and other measures reflect. The graphic below from our recent analysis report that focused on industry supplier, Patrick (PATK).

USEconomicFundamentalsPatrickIndustriesManufacturedHousingIndustryMHProNews

Patrick is not alone to point to the robust econmy, notably taking off since the election of President Donald J. Trump. These are positive background facts that ought to point to far more robust manufactured home (MH) sales. Why isn’t MH doing better?

 

The manufactured home industry – in this overall fine economic climate – ought to be doing far better, given the millions of affordable housing units needed.

 

New 2019 U.S. Housing Infographic with Manufactured Home Data Points

 

There is a mixed bag influencing the industry, which presents challenges and opportunities in disguise. To learn more, see the related reports, further below. That’s this afternoon’s edition of “News through the lens of manufactured homes, and factory-built housing” © where “We Provide, You Decide.” © ## (News, analysis, and commentary.)

 

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SoheylaKovachDailyBusinessNewsMHProNewsMHLivingNewsSubmitted by Soheyla Kovach to the Daily Business News for MHProNews.com. Soheyla is a managing member of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com.

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Ultimate, Proven Contrarian Investing – Ethical vs. Unethical, Legal vs Illegal Manufactured Housing Industry Strategies

 

Patrick Industries-Manufactured Housing Supplier-PATK Investor Relations Spotlights Manufactured Home Industry Challenges, Opportunities

MHARR Launches “Fighting Discriminatory Zoning Mandates” Manufactured Housing Project

HUD Code Manufactured Home Production Decline Continues, May Updates

 

 

 

 

 

 

Flashback! Funny, Surprising, Interesting Jay Leno, Donald J. Trump 1999 Video Interview

April 9th, 2019 Comments off

DonaldJTrumpJayLenoDec1999FlashbackVideoInterviewIfTrumpWerePresidentPatBuchanan

Let’s be clear.  There are some things that are different now, then it was back then for comedy, late night TV, and for Donald J. Trump.

That said, whatever your view of the 45th president, take 10. See what he says.  Compare and contrast it to what you hear from this or that source today.

The video is a mix of serious and light hearted.  For the younger set, this video reminds us too how much sharper our TV pictures are then they were just 20 years ago.  At the time this video was made, Mr. Trump was pondering a run for the Oval Office on the third-party Reform ticket. 

Why this, why now? As many have realized, perhaps the biggest risk for many is from political winds.  Those political winds may be local, national, or global. 

Knowledge is potential power. History can help with clarity. Make it a good night in MHVille.

That’s a flashback of News through the lens of manufactured homes, and factory built housing.” © where “We Provide, You Decide.” © ## (News, analysis, and commentary.)

 

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To report a news tip, click the image above or send an email to iReportMHNewsTips@mhmsm.com – To help us spot your message in our volume of email, please put the words NEWS TIP in the subject line.

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Money, Minorities, Manufactured Homes – Foiling the American Dream of Affordable Housing

“Economic Racism.” Angry Residents, Students, Civic Leaders Fight Plan to Ban Affordable Manufactured Homes, Industry Professionals Sound Off

 

 

 

 

 

 

“What the Hell?” “The Audacity of Hope” – Obama, Trump, Presidential Promises Kept, & MH

January 5th, 2018 Comments off

 WhatTheHellAudacityOfHopePOTUSObamaTrumpPromisesKeptManufacturedHousing

Facts can be nettlesome.

Stating the obvious, successful businesses rely on facts.

Most businesses do better when there is economic, legal, and regulatory clarity. For investors and business professionals, certainty – dependability – matters.

Just as the power to tax is the power to destroy, so too regulatory burdens can be a barrier: 

  • for entering business, or
  • for staying in business.

As thousands of businesses in our industry and others painfully learned, destruction is just as real from tough regulations as they are from burdensome taxes.  High taxes are known to drive business from a high tax state to lower one.  High regulations do the same thing. They tend to drive business and investments from higher regulatory states to a lower ones with fewer regulations.

The certainty of that destruction is also what causes business and capital to move from a high tax and regulation nation to other nations where taxes and regulations are lower.

Presidents Obama and Trump have a unique claim they could both make. Each president has their own kind of promise keeping.

Each of their promises have impacted our branch of the housing industry, for good or ill. Those promises did the same for America…

For those who understand nettlesome facts about policies and economics, what would happen under Presidents Obama and Trump were/are entirely predictable.

“More Dangerous…Decisions” – Unlocking the Industry Professional’s Potential Power in 2018

Set aside style. Set aside emotions. Focus on the proven principles.

Business relies on hard facts, not feelings. Business in our factory built home industry – or any other industry- rely on a dependable tax, investment, and regulatory environment.

The President of the United States (POTUS) Barack Hussein Obama promised to fundamentally transform America. He kept that promise. He spoke and wrote about the “audacity of hope.” But the nettlesome facts are that Mr. Obama did so by contradicting numbers of claims he made while campaigning. 

POTUSBarackHusseinObamaQuotesManufacturedHousingIndustryDailyBusinessNewsMHProNews

Words can inspire, but they also matter as to what the words in fact mean in practice.

Now POTUS Donald John Trump made promises too. One of those campaign promises he made was specifically to minorities. “What the hell do you have to lose anyway?”- Trump asked in stump speeches on the campaign trail in 2016. After decades of what opponents of left-wing politics said was making life demonstrably worse for blacks and Hispanics in America, Trump asked for a chance, and promised to deliver for minorities and all Americans.

The small numbers of blacks and hispanics that combined with white working class “blue collar” workers is what tilted dozens of blue counties, into red ones for Mr. Trump. That’s what delivered Wisconsin, Pennsylvania and Michigan from blue to red, and won him the election in 2016. 

 POTUSDonaldJTrumpWikiDailyBuisnessNewsManufacturedHousingIndustryMHProNews600

Principle-based reality matters more than rhetoric.

“Leaders Grasp Nettles” – Health, Professional, and Home Seekers Wisdom

But one more fundamental difference is that Mr. Trump was candid about who he was, and what he wanted to do.

Mr. Trump never claimed to be a saint. Voters knew what they were getting. Mr. Obama arguably was honest on some things during his campaigns, but not so on others. Who said? Gruber and others, from Mr. Obama’s own team.

Benson Demonstrates How “Propaganda Works” on “Most Americans”

You or people you know might love Mr. Obama’s speeches. Millions do, because he’s good at giving them.  The below is the “speech that made Obama President.”

But policies are what drive markets, capital, and business. POTUS Obama spoke well, but so does businessman turned president, Donald J. Trump.

 

It’s another nettlesome fact that Dr. Martin Luther King Jr. was a Republican. He wasn’t for socialism, King was for equality of opportunity, not for ‘redistribution of the wealth,’ that Mr. Obama promised. His policies undermined confidence in investments, business, and thus job creation.  By accident and/or design, the policies failed to deliver prosperity for all but the top 1 percent.

 DrKingIHaveADreamJudgedNotBySkinButByContentofCharacterQuoteDailyBusinessNewsMHProNews

Night and Day. Black and White, But Not Color

It’s not about the identity politics of racial divides, which candidate Obama promised to heal, but which he arguably made worse. Survey after survey showed that race relations worsened under the eight years of Mr. Obama’s tenure in the White House.

 PresidentObamaEconomyDailyBuisnessNewsMHProNews

Rather, it is about the politics of prosperity which traditional American faith and the principles of the free enterprise freedom and that limited government yields.

The first candidate that this writer contributed to happened to be a black man.  But he wasn’t Barack Obama, who this writer consistently opposed for reasons of policy (it was Alan Keyes, who served under POTUS Ronald Reagan, because Keyes believed among other things in limited government, in regulatory reform, plus ending waste, fraud, and abuse in government).

Mr. Obama’s rhetoric made him famous and popular.

The “audacity of hope” plus “hope and change” were good slogans, but the policies he practiced yielded to despair. Why? Because that is what socialist principles give way to in the end. Look at Cuba, Venezuela, or Red China before they switched to a more market based (but still communist centralized) economy.

“Death by Government,” Fascism, Communism, Socialism, ‘Big Brother,’ per Williams, Rummel and Owens

Words matter, but proven principles and policies matter more.

Those in whatever walk of life that supported Mr. Obama for reasons of style learned the hard way that his policies were bad for business.

In ironic twists, the nation’s first black president made economic life for blacks and hispanics in America worse. 

Spreading the wealth around” through redistribution via socialistic principles was a guaranteed recipe for economic train wrecks.  Unfettered immigration, due to the law of supply and demand – depresses the wages of the working class of all colors.  But the reverse is true too.  Control immigration, create incentives for business to invest in America, and you’ll watch more jobs get created and more businesses succeed, which creates over time still more jobs – and at higher wages.

So Mr. Obama’s policies doubled the national debt. They harmed businesses, jobs, and workers. Yet Mr. Obama claimed on the campaign trail that Mr. Bush 43’s raising national debt so high was unpatriotic and unAmerican. Mr. Obama was right to call out that Bush error. But the nettlesome facts are that POTUS Obama clearly made deficits and debts far worse.

That too matters for business and investments. Because capital sucked up to support the debt ought to be going to create more business, and thus more and better jobs.

NFIB’s Juanita Duggan Cheers, Leads, Explains Why on Tax Reform for American Businesses

Businesses failed under the Obama years in record numbers.

“I’m tired…” – Terry Decio, Skyline Homes, on Manufactured Housing

That’s not an accident, it’s because high taxes and high regulations yields destruction of business and opportunities.

Ken Corbin “the 10,000 Drop,” points to Industry Woe, Causes of Manufactured Housing’s 10 & 20 Year Collapse?

Of course capital, investments, and thus jobs fled overseas.

Of course reversing those poor policies would bring business and jobs back, and “make America great again.”

It’s common economic and policy sense applied. It’s substance over style. 

POTUS Trump’s policies are pro-all-business, while POTUS Obama’s were for arguably more favorable towards big business, and often those crony capitalist donors.

Dow Tops 25k! Jobs, Oil and Manufactured Housing, Plus MH Market Update$

Mr. Obama was honest about some things.

But if Jonathan Gruber, the architect of ObamaCare was right, the Obama Administration was dishonest about other matters.

They lied to Americans to get what they wanted on health care and Dodd-Frank.  What Mr. Obama and other disciples of Saul Alinsky wanted was to fundamentally reshape America.

Toxic Combination of Big Business in Bed with Big Government, Rules for Radicals, Generation Zero

Mr. Trump and Vice President Mike Pence promised to be in the promise keeping business. They got off to a rocky start, but they are delivering.

VP Elect Pence Vows Promises Will Be Kept, Jobs, ObamaCare and Regs in Video

The economy is roaring back. 

Presidents like Obama and Clinton often spoke pretty words, but they didn’t always mean what they said.  History matters, proven principles over empty promises matter.

Was Bill Clinton Just Wrong, or Did He Lie? MH Impact – Facts, Analysis

Trump the Builder, and Businessman, Mr. Warren Buffett and Hillary Clinton

One this twelfth day of the Christmas season, it is good to reflect on just what has happened to this industry, and why it has happened.

Ladies – Love, Lunacy, Leadership, and those “Laddies”

Mr Buffett supported both Barack Obama and Secretary Hillary Clinton. He said he did so for policy reasons. That’s significant. Take that seriously.

 

WarrenBuffettBarackObamaWikipediaMotherJonesDailyBusinessNewsMHProNews

It is no secret that MHProNews did not support the re-election of President Barack Obama in the 2012 election cycle. As the cite from left-of-center media outlet, Mother Jones noted at the time, Buffett was a strong supporter of Obama. Obama in turn was a strong support of Dodd-Frank, and not changing the CFPB. See related, linked below. http://www.mhpronews.com/blogs/daily-business-news/manufactured-housing-institute-vp-revealed-important-truths-on-mhis-lobbying-agenda/

HillaryClintonWarrenBuffettCreditBostonGlobePostedManufacturedHousingIndustryResearchDataReportsDailyBusinessNewsMHProNews-com-

Hillary Clinton, left, Warren Buffett, right. Credit – Boston Globe.  Buffett said he supported Clinton’s policies, and Obama’s too.  Why not take that literally?  Why not see what that meant for manufactured housing in practice, and for the nation as a whole too?

Because based upon his policies, what Mr. Obama gave us as president was Dodd-Frank and ObamaCare. POTUS Obama led Democrats left, and created a tax and regulatory environment that killed thousands of smaller business.  That killed jobs, raised welfare payments, etc.

But those same Obama policies favored big business.

It’s black and white.

It’s about the math of tax and regulations, not race or style. 

ELS’ Sam Zell – Compliance Costs Destroys Smaller Businesses = Consolidation

There are some taxes, some regulations that are needed. How much is debatable, but generally, less is better. So Mr. Obama – and Ms. Clinton, had she been elected – put in place – and she would have kept in place – the big regulatory state and high taxes.

Warren Buffett, “the Moat,” Manufactured Housing, Berkshire Hathaway, Clayton Homes, 21st Mortgage, Vanderbilt, Wells Fargo, NAI…

That favored Mr. Buffett’s Big Business Brands. That includes manufactured housing.

Manufactured Housing Institute VP Revealed Important Truths on MHI’s Lobbying, Agenda

So, Mr. Buffett, as a student of history, and economic principles, could generally predict what would happen under both Obama or Clinton. It perfectly suited Mr. Buffett’s “moat” principle.

Duty To Serve, “Complete Waste of Time” per Tim Williams, CEO/21st Mortgage; POTUS Trump, Warren Buffett Insight$

The Berkshire Hathaway dominated Manufactured Housing Institute (MHI) invited not one, but two paid Clinton speakers to be on their stage in Chicago to address their members. The Daily Business News reported that several ties. MHI has never denied the claim.

Manufactured Housing Institute (MHI) Shifts on DOE Regulatory Rule, Report, Analysis

Facts are nettlesome things. People often buy into style over substance. That can prove costly.

NAHB Report – High Cost of Regulations Impact Housing – and Manufactured Housing

Follow the money. Pay more attention to what people do, not what they say. Principles and policies matter.

 

FollowTheMoneyPayMoreAttentionToWhatPeopleDoThanWhatTheySayMartyLavin6MillionYachtManufacturedHousingIndustryDailyBusinessNews600

Lavin is an MHI award winner, and a success story in communities, retail and finance.

So long as his health and safety hold up, and his party stays united enough on his plans, of course America will be greater again under POTUS Trump.

IWillLowerTaxesEliminateUnnecesaryRegulationUnleashAmercianEnergyPlacingAMericanBusienssandWorkersFirst-DOnalTrumpNationViewsMHProNews

President Trump and VP Mike Pence have both said they will be in the promise keeping business. So far, so good.  History, and proven, pragmatic principles, matter.

In hindsight, there will likely be discovered a series of scandals from the Clintons and Obama Administration years that will be unlike anything America has ever seen.  Informed sources say the higher levels of the FBI and DOJ were politicized. They claim the deep state is real.

“Hacks” – Explosive 2016 Campaign Claims by Former DNC Chair, Donna Brazile

The so-called ‘Russia collusion’ narrative could easily flip into a Democratic scandal, akin to the one where Secretary Clinton allegedly rigged the primary against Bernie Sanders, per Democratic party leader, Donna Brazile.

Newspaper Names Clayton Homes, Clinton Foundation, Hillary Clinton In “Swamp After Storm” Post-Disaster “Corruption”

Clayton Homes, said the Toledo Blade and others, profited from the Clinton connections in the Obama Administration.

Clayton will benefit from FEMA, while others in manufactured housing will suffer.

MH Lending, FEMA and False Profits (and False Prophets)

Monopolistic practices are bad for America, in principle. Heavy regulations, heavy taxes and crony capitalism are all bad for our HUD Code manufactured home business in principle.

Lawsuits for Triple Damages – Anti-Trust, Anti-Monopoly Law, Manufactured Housing, and You

These are not matters of color or style. These are nettlesome facts. Tax, and regulatory tend to policies create or destroy investments, businesses and thus jobs. Mr. Trump, the entertainer, builder, and business man gets that.

Killing Off 100s of Independent Manufactured Home Retailers, Production Companies – Tim Williams/21st Mortgage “Smoking Gun” Document 2

FactChecksComparisonsTrailerParkMillionairesMHILaunch#ForeverHomeStoryCampaignMartyLavinJDDailyBusinessNewsMHProNews

Mr. Buffett, supported the moat candidates. Buffett’s brands have been accused of taking control over MHI, which does their bidding.  Independent businesses have been forced out, or killed off by heavy regulations.  Doesn’t that fit with the goals of Mr. Buffett’s moat principle to the tee?

MHARR vs. MHI on DOE Energy Rule, Pushback Pay$ Off?

By contrast, for years, MHARR has opposed business and job killing regulations.

“Perverse”–Warren Buffett-Dodd-Frank, CFPB, Manufactured Housing, Loans, Independent Businesses Fact Check$

The rest are details and commentary, because facts are nettlesome things. ## (News, review, fact checks, analysis, and commentary.) 

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

NOTICES and Author’s credits…

TwitterFacebookLinkedInNew Year’s Resolution: On this 12th day of Christmas, a request.

This writer already has one of the largest LinkedIn followings in the manufactured home industry. But we’ve frankly not asked for Twitter, or Facebook followers. That changes, starting today. If you want to keep up with posts relevant to the industry, you can connect via the links below.

https://www.linkedin.com/in/latonykovach/

https://twitter.com/LATonyKovach @LATonyKovach
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We agree with Warren Buffett on the value of the lessons of history, reading and research. Without those deep insights, the wool can be pulled over other people’s eyes. We disagree with Mr. Buffett on his political positions, which have proven harmful to America and our industry.

By L. A. “Tony” Kovach.

Kovach is the award-winning managing-member of LifeStyle Factory Homes, LLC,
parent to MHProNews, and MHLivingNews.com.
Both are #1 in their categories.

Kovach is one of the most endorsed and recommended MH industry professionals in all of manufactured housing.

NFIB Sounds off to Washington on Tax Reform

May 23rd, 2017 Comments off
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Credit: NFIB.

The National Federation of Independent Business (NFIB) tells MHProNews that in a meeting last week, the organization told House Ways and Means Committee Chairman Kevin Brady (R-TX) that small business owners expect comprehensive tax reform this year and that it must feature parity for businesses of every size.

Tax reform has the potential to have an enormously positive impact on small businesses; it is their top priority in 2017,” said NFIB President and CEO Juanita Duggan.

Given that small businesses account for nearly half of the gross domestic product (GDP) and private sector workforce, and create two out of every three net new jobs, the U.S. economy will not reach its full potential for growth without a robust and flourishing small business sector.”

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Juanita Duggan, President and CEO of the National Federation of Independent Business (credit, NFIB).

As Daily Business News readers are aware, the NFIB has been very vocal about small business taxes, stressing the importance to the American economy.

Tax reform that starts with small business is one of the keys to unleashing a strong American economy. Approximately 75 percent of small business owners are taxed at the individual tax rate, not the corporate tax rate, because their businesses are structured as pass-through entities,” said the NFIB in an April statement.

Tax discrepancies between corporate and individual rates must be addressed in this once-in-a-generation window of opportunity. There is tremendous optimism for this new Congress to repair and simplify a tax code that is holding back our small business economy.

Duggan made that clear to the committee.

To be clear, tax reform should result in a tax code that is easier to comply with, ensures that small businesses have rate parity with their larger competitors, and reduces tax rates for all small businesses. No small business should pay a higher tax rate than they do currently, and small businesses should not face a higher tax rate than large corporations, which would put them at a competitive disadvantage,” said Duggan.

Fortunately, the House Republican tax reform blueprint and the tax reform plan outlined by President Trump take important steps forward toward these goals, and we remain confident that Congress and the Administration will unite behind a tax reform proposal that starts with small business.”

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Credit, NFIB.

She also pointed out that small business owners have high expectations for tax reform this year, and that Congress’s failure to deliver could affect the economy.

In April, the Small Business Optimism Index fell to 104.5, as ‘expected business conditions’ dropped significantly. The Committee and Congress must understand that small business owners are paying close attention, and they are making decisions that affect the economy based on how Washington performs. The time to address small business owners’ biggest economic concerns is now,” said Duggan.

Duggan and the NFIB were very vocal and active leading up to, and after the election of President Trump, including a March report about small business optimism being at it’s highest rate in 37 years.

We haven’t seen numbers like this in a long time,” said Duggan at the time.

Small business is ready for a breakout, and that can only mean very good things for the U.S. economy. Business owners are feeling better about taking risks and making investments.

The Daily Business News will continue to follow and report on the progress of tax reform. For more from the NIFB on small business, click here. ##

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

 

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RC Williams, MHProNews.

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

 

(Copyright Notice: This and all content on MHProNews and MHLivingNews always have been and are Copyrighted, © 2017 by MHProNews.com a dba of LifeStyle Factory Homes, LLC – All Rights Reserved. No duplication is permitted without specific written permission. Headlines with link-backs are of course ok. A short-quoted clip, with proper attribution and link back to the specific article are also ok – but you must send a notice to iReportMHNewsTips@mhmsm.com of the exact page you’ve placed/posted such a use, once posted.)

Land Bank Pursues Tax Delinquent Manufactured Homes

March 10th, 2017 Comments off
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An unrelated home secured by the land bank. Credit: WSAZ.

In Lawrence County, Ohio, the county land bank is making a very strong statement with regard to manufactured homes that are delinquent on their taxes.

According to an editorial board letter in the Ironton Tribune, the land bank is looking to clean up abandoned and run-down properties across the county, but a federal rule is in the way.

There is one area where their hands are tied, and this is on properties with manufactured or mobile homes [sic],” said the letter.

Roughly 30 percent of all properties in the county and a quarter of those properties targeted by the land bank are categorized as mobile homes [sic], and account for $1 million annually in unpaid property taxes.

While the land bank can normally proceed with the process of cleanup, rules with regard to manufactured housing throw a wrench into that process.

Federal rules prohibit the use of federal funds earmarked for land bank demolition to be used on mobile homes [sic], even if they have been modified and attached to a permanent foundation,” said the letter.

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Credit: WR Land Conservancy.

Per the Ironton Tribune, former Cleveland City Councilman Jim Rokakis urged the Lawrence County Land Bank to reach out to Ohio senators and urge them to change the restriction.

As a community, the cleanup of these properties that, in many cases, become havens for squatters or drug activity along with other potential hazards shouldn’t be treated any differently,” the letter said.

The only way this will change is through legislation at the federal level, and voicing your opinion or asking questions of your legislators is a responsibility we all share as residents.

 

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Lawrence County, shaded in red. Credit: Google.

Officially created in July 2016 with a $4.325 million grant from the Ohio Department of Housing, the Lawrence County Land Bank secured residential and commercial abandoned, dilapidated or tax delinquent properties with the goal of getting them back on the tax rolls.

More coverage on the Lawrence County Land Bank from MHProNews contributor Matthew J. Silver is linked 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.

Manufactured Home Fee Comes to Bryan, Texas

February 15th, 2012 Comments off

manufactured home feb 2102From College Station, Texas and The Eagle, MHProNews.com learns that the Bryan City Council approved a new mobile home park fee this week that will require owners to pay for inspections and code enforcement at the 37 mobile and manufactured home communities in the city. According to the report, the fee has been in place for several years but hasn’t been enforced. The new action reduces the amount from a base cost of $500, plus $10 for each mobile or manufactured home in the community to simply $10 per lot- a 50 percent discount is available for communities in compliance with city regulations.

(Image Credit: Eric Miller)

Editorial Shares Burden of School Tax

December 28th, 2011 Comments off

manufactured home Dec28 2011From Oregon and the North Coast Citizen, a letter to the editor shares the pain of Jeff Schlip Nehalem whose son had to find close to $1,500 to pay a tax levied by the school district there in order to place a manufactured home in the district. “Recently my son, who is just trying to get started in life, had to dig into his savings and write a check for close to $1,500 to the school district, just so he could obtain a building permit to place his manufactured home,” Nehalem writes. “The school board should not be placing an additional burden on nameless faceless individuals that may be considering placing a new home in the district. When a new home is built, it provides an additional funding source for the school district. This should be enough.” Nehalem asks readers to contact the school board asking them to eliminate the tax.

(Image Credit: Eric Miller)

Energy-Star Tax Credit Would Be Included in Tax Bill

November 19th, 2010 Comments off

The Manufactured Housing Institute (MHI) reports that on November 18, Senate Majority Leader Harry Reid (D-NV) indicated that the Senate could potentially bring up measures to extend the 2001 and 2003 tax cuts when congress returns from Thanksgiving recess the week of November 29. Included in these measures would be an extension of the 45L tax credit that provides a $1,000 credit to manufacturers of Energy Star-qualified manufactured homes and $2,000 to producers of modular homes. The credit expired at the end of 2009. Reid stated that he would like the Senate to vote on extending tax cuts for families earning less than $250,000 and then schedule a second vote on a Republican alternative to permanently extend all the tax cuts.

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