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Draft EO for Trump Administration AntiTrust Order Obtained by MHProNews

September 24th, 2018 No comments

 

DraftEOTrumpAdmininstrationAntiTrustOrderObtainedbyMHProNews

Longtime manufactured housing industry readers know that the issues of monopoly or antitrust concerns have grown in recent years.  These relate to several sources of perceived antitrust threats that debatably harm independents, consumers, the economy, and others in the industry.

 

There are obviously voices and agendas on each side of the issues that follow. 

President Donald J. Trump, and members of his administration, have increasingly voiced antitrust concerns in the areas surrounding certain tech giants and their perceived bias. That bias impacts the content and news Americans are exposed to in searches and social media feeds.  As Brad Parscale (see linked article further below) and others have argued, that in turn threatens election outcomes, and thus the democratic process. 

The Daily Business News on MHProNews has led the industry’s coverage about such anxieties, along with how it is potentially interrelated to Warren Buffett’s Berkshire Hathaway brands, and their alleged efforts to establish a monopoly in manufactured housing.

So, the start of serious antitrust activity by the Trump Administration that aims at Google or Facebook should not be seen as being limited to those subjects alone.  Indeed, the president himself has signaled other possible targets of such anti-monopolistic federal legal actions. 

With that introduction, and noting the linked related reports herein and below, let’s provide the full text of the White House draft of an Executive Order (EO), geared at antitrust action, as provided by Business Insider. Note that the typo below is in the original.  It will be followed with additional commentary, links, and analysis.

 WhiteHouseDraftEOExcutiveorderAntiTrustDailybzusinessNewsmHProNEws

EXECUTIVE ORDER TO PROTECT COMPETITON AND SMALL BUSINESSES FROM BIAS IN ONLINE PLATFORMS 

By the authority vested in me as President by the Constitution and the laws of the United States of America, and in order to protect American consumers and workers and encourage competition in the U.S. economy, it is hereby ordered as follows:

Section 1. Policy. Online platforms are central to American commerce and the free flow of news and information. Whether reading news or looking for local businesses, citizens rely on search, social media, and other online platforms to provide objective and reliable information to shape a host of decisions ranging from consumer purchases to votes in elections. Because of their critical role in American society, it is essential that American citizens are protected from anticompetitive acts by dominant online platforms. Vibrant competition in the online ecosystem is essential to ensuring accountability for the platforms that hold so much sway over our economy and democratic process. 

[Can expand this section, if necessary, to provide more detail on role of platforms and the importance of competition]

 

Section 2. Agency Responsibilities. (a) Executive departments and agencies with authorities that could be used to enhance competition among online platforms (agencies) shall, where consistent with other laws, use those authorities to promote competition and ensure that no online platform exercises market power in a way that harms consumers, including through the exercise of bias.

(b) Agencies with authority to investigate anticompetitive conduct shall thoroughly investigate whether any online platform has acted in violation of the antitrust laws, as defined in subsection (a) of the first section of the Clayton Act, 15 U.S.C. § 12, or any other law intended to protect competition.

(c) Should an agency learn of possible or actual anticompetitive conduct by a platform that the agency lacks the authority to investigate and/or prosecute, the matter should be referred to the Antitrust Division of the Department of Justice and the Bureau of Competition of the Federal Trade Commission. 

(d) Not later than 30 days from the date of this order, agencies shall submit to the Director of the National Economic Council an initial list of (1) actions each agency can potentially take to protect competition among online platforms and address online platform bias; (2) any relevant authorities and tools potentially available to enhance competition among and protect the users of online platforms.

(e) Not later than 60 days from the date of this order, agencies shall report to the President, through the Director of the National Economic Council, recommendations on agency-specific actions in response to paragraphs (d) of this section. Such recommendations shall include a list of priority actions, including rulemakings, as well as timelines for completing those actions.

 

Section 3. General Provisions. (a) This order shall be implemented consistent with applicable law and subject to the availability of appropriations.

(b) Independent agencies are strongly encouraged to comply with the requirements of this order. 

(c) Nothing in this order shall be construed to impair or otherwise affect:

(i)   the authority granted by law to a department or agency, or the head thereof; or

(ii) the functions of the Director of the Office of Management and Budget relating to budgetary, administrative, or legislative proposals. 

(d) This order is not intended to, and does not, create any right or benefit, substantive or procedural, enforceable at law or in equity by any party against the United States, its departments, agencies, or entities, its officers, employees, or agents, or any other person.

 

###

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

Bloomberg and MHProNews reported last year that one of Warren Buffett’s more significant concerns is supposedly the threat of the breakup of Berkshire Hathaway. That breakup, should it occur, would be under some type of antitrust action, which could be initiated by federal regulators.  It could also involve civil antitrust cases, which can bring up to triple damages for a prevailing party.

Should serious antitrust case(s) occur, as it directly relates to manufactured housing, it would likely be caused by trend lines, facts, and factors such as those linked in the report and related video found in the linked report, below.

 

Smoking Gun 3 – Warren Buffett, Kevin Clayton, Clayton Homes, 21st Mortgage Corp Tim Williams – Manufactured Home Lending, Sales Grab?

 

Any breakup or other major legal action that targets Berkshire, Clayton Homes, and their lending units would arguably send shock waves through the HUD Code home industry. It would have serious repercussions for the Manufactured Housing Institute (MHI), which is widely seen as dominated by Warren Buffett led Berkshire’s MH industry brands.

Antitrust action may create an array of opportunities and activities for others not seen for over a decade in manufactured housing, for reasons that N.Y. Stern Professor Scott Galloway has expressed.

 

 

MHProNews will continue to monitor and report on this developing story. “We Provide, You Decide.” (C)

  ## (News, analysis, and commentary.)

1. Terminology error – the word ‘trailer’ is in the original. It is unclear from the article if these are mobile homes, post-HUD Code manufactured homes, or a combination of both.

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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.

Related Reports:

Seattle Times -Federal Investigations-Berkshire Hathaway’s Clayton Homes, GuruFocus Spotlights Buffett’s Clayton’s “Unethical,” Monopolistic Moat

Warren Buffett Would be Okay With Clayton Homes Losing Money, Says Kevin Clayton – But Why?

Discerning and Sharing Truth, & Manufactured Housing

September 21st, 2018 No comments

 

DiscerningTheTruthManufacturedHousingDailyBusinessNewsMHProNews600

All warfare is based upon deception.”

 – Sun Tzu, philosopher, strategist in The Art of War.

 

 

“…the truth will set you free.” 

–         Jesus of Nazerth, cited in John 8:32 

 

 Easy doesn’t pay well.

– John Bostick, Sunshine Homes.

 

Arguably one of the most important challenges to manufactured housing is clarity of understanding, and the will to act upon the truth. Truth is distinct from mere feelings, bias, habit, or prejudice. Perhaps over 90 percent of the population misunderstands modern manufactured homes. That’s both a challenge and an opportunity in disguise.”  

–   L. A. ‘Tony’ Kovach, industry consultant,

and publisher of MHLivingNews.com, and MHProNews.com.

 

TruthLiesArrowsTruthisPowerDailyBusinessNewsMHproNews358Recognizing the importance of the headline above, a top man at a non-MHARR manufacturer recently said, “I’m ready for infowars.”

That wasn’t Terry Decio, who is a Manufactured Housing Institute (MHI) member. But Terry Decio told MHProNews, “I’m tried of being the best kept secret. I’m ready to help house America.”

What all of the above sources agreed upon is that manufactured housing is misunderstood.

That misunderstanding is demonstrably costing the industry billions a year in additional sales.

That misunderstanding is an information or educational issue. James McGee at Deer Valley Homes, with Chet Murphree stating his agreement, said that the core issue facing manufactured housing could be boiled down to education.

Hold those thoughts.

9percent1percentNewManufacturedHousingTrillionDollarHousingNewExistingHomeSales2016CreditManufacturedHousingIndustryDailyBusinessNewsMHProNews_1

The statistics have shifted slightly upward since this infographic was produced, but the principles remain the same. There’s billions annually in additional opportunities available for manufactured housing, but it will clearly require new methods.

Why is education, communication, ad information so important? Because how does one break through to others on issues that may be strongly believed, but that millions are nevertheless wrong about?

NewseumInfographicDailyBusinessNewsMHProNews

Click here to see the full sized infographic.

Let’s presume for the next few moments that you are among the 90 percent of Americans who believe in a first cause to the universe, a Creator who is called God. Christians, Jews, and Muslims have clear distinctions in faith, but all 3 hold this in common: a belief in an all wise and powerful Creator, who gave humanity free will.

God doesn’t make mistakes, but people do. Everyone makes mistakes, so there is a level of mercy and openness to forgive errors that is useful, necessary, and wise.

FactsVsOpinionsInfogrpahicSURESourceUnderstandResearchEvaluate

To see or download the full sized infographic, click here.

But there is also a need to discern the truth, be that truth about manufactured housing, or a topic that impacts manufactured homes, or anything else.

God gives humans emotion and reason to complement each other. Reason helps guide the will, but emotion and reason combined creates energy behind what reason discovers.

 

MostMenAppearnNeverConsideredWhatHouseIsNeedlesslyPoorAllTheirLivesHenryDavidThoreauManufacturedHomeLivingNews

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

 

Whenever information is in opposition, use logic.”

  • It is possible that competing claims can both be false,
  • but it is not possible for competing claims to both be true.

In medical school, one is taught to search for the truth, using the methods of reason and science.

In law school, people are taught to test the truth with logic. That said, an attorney represents clients that may or may not be acting in accordance with what is true, right, or just.

For the purposes of this column, only one point need be made that virtually everyone in manufactured housing agrees upon. That manufactured homes are widely misunderstood.

So discovering the methods of discerning the truth are what several of the charts, graphs, quotes, and videos on this post focus upon.

UltimateManufacturedHomeHousingInfographicNotMobileHomeTrailerHouseFactoryBuiltHomeIndustryDailyBusienssNewsMHProNews-600

 

Ideally, journalism is also about a search for truth. Regrettably, we know from experience today that there are broad camps in journalism. News is a business. The product is information. Is that information trustworthy?

Warren Buffett is largely right about this next statement. “Chains of habit are too light to be felt until they are too heavy to be broken,” cited by BrainyQuote. Rephrased, people can be enslaved by habits and thinking. Sad, but largely true.

One can’t, nor should, deny the success of Mr. Buffett. But one can and should ask, question, and probe his impact on manufactured housing, and our nation.

Mr. Buffett has been cited as one of the 100 most influential people in America in 2012 by Time Magazine. The vast majority of manufactured housing bloggers, writers, and publications will not question Mr. Buffett in public. Why not? Is he the creator? Hardly. He was born, lives, and will die someday. He’s successful, but himself admits he’s made mistakes.

Mr. Buffett is highly intelligent. Shrewd might be a good word to describe him.

So why has Buffett:

  • a man with so much money,
  • influence,
  • and power
  • not use that influence or resources to advance the manufactured housing industry?
  • Why has he failed to routinely use his numerous Berkshire Hathaway owned media outlets to set the record straight on manufactured homes?

BerkshireHathawayOwnedNewsmpapersWarrenBuffettsMediaEmpireInvestopediaGoogleDailyBusinessNewsMHProNEws

Why did Kevin Clayton say 7 years ago that they were ready then to do an image and education campaign? Why didn’t he and Warren Buffett do it back then?  Why did Kevin Clayton say that Warren Buffett told him that Berkshire Hathaway would be okay if Clayton Homes lost money for years?  You can see the video, documentary evidence, and several details, later in the link below.

Warren Buffett Would be Okay With Clayton Homes Losing Money, Says Kevin Clayton – But Why?

 

We’ll let the reader search for the truth of those questions. But make no mistake, they are among the most important questions our industry faces. See the related reports, further below.

Finally, let’s turn to one of the most vilified men in America today, President Donald J. Trump. Thomas Friedman in the New York Times said the stock market would crash if Mr. Trump became president. Numerous voices on the left, including Secretary Hillary Clinton and former President Barack Hussein Obama, also predicted doom and gloom for America if Mr. Trump became president.  Mr. Buffett took numerous public shots aimed at Donald J. Trump over the years.

But would the economic and regulatory improvements that occurred for manufactured housing in the last 20 months have taken place under Secretary Clinton?  After all, Ms. Clinton pledged more of the same policies as former President Barack Obama – so logically – wouldn’t her results be like his? Why did Warren Buffett support heavy regulations? Who benefited from those high tax and high regulation policies?

 

 

Millions love him, and believe President Trump is making the lives of tens of millions in America better.  The economy has advanced more in 20 months since Mr. Trump became president than it did under 8 years of former Presidents George W. Bush or 8 years of Barack Obama.

See the related reports, which can be read later, at the link below.

President Donald J. Trump Visit to Manufactured Home Community, Video, Hurricane Florence Update

Mind opening is a necessary skill for our industry, especially in marketing, sales, investing, and management.  Conditioning – habits – can cause someone to see the same things differently.  Habits can cause people to miss obvious, beneficial truths.

Manufactured housing will only advance to its potential when the “infowars” – the battle for the truth about our industry, and what’s kept it from achieving its potential – are understood, and then acted upon.  Those infowars are arguably taking place within manufactured housing, as well as outside of the industry.

Report: Manufactured Housing Institute (MHI) Follows Prior MHProNews Lead

 

At MHProNews, we strive to let facts, evidence, and reason guides us. The truth isn’t always popular.

MobileHomeShipmentsManufacturedHomeShipmentChartMHIAShipmentsMHIndustryChampionSkylineHUDCodeDailyBusinessNewsMHProNews

What was accomplished previously in sustainable shipment levels, can clearly be done again.

But the manufactured housing industry has tremendous potential. But it won’t achieve that potential without reality checks, courage, and  the will to act on the truth in an honorable fashion. Sign up for our industry-leading emailed headline news, as several very special and exclusive reports are coming soon. “We Provide, You Decide.” ## (News, analysis, and commentary.)

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Related Reports:

 

Ending Rigged, Corrupted Systems, Manufactured Housing Advancement, Sunday Headline Recap Week Sept 9.2018 – Sept 16.2018

President Jimmy Carter Blasts Trump Administration on Affordable Housing, Carter’s Manufactured Home Ties

Rental Housing Marketing – What Can Manufactured Home Pros Learn?

The Rich, Famous, PreFab Homes, Manufactured Housing, Hypocrisy, and You

President Jimmy Carter Blasts Trump Administration on Affordable Housing, Carter’s Manufactured Home Ties

September 14th, 2018 No comments

 

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CNBC reported last week that former President Jimmy Carter took aim at the Trump Administration on the important issue of affordable housing.

 

Low-income housing needs to be raised much higher as a priority for our country,” former President Carter said in a phone interview with Emma Newburger. “That’s the first step toward making people who are now dependent on government assistance, on welfare rolls, to get a good job and have a chance to raise their families and put their kids through school.”

Mr. Carter told CNBC that the Trump Administration is ‘ignoring a national housing crisis,’ and he urged voters to support candidates who promote affordable housing.

 

The Carters, HUD’s Carson, and Manufactured Housing

CNBC’s Newburger told MHProNews that the “topic [of manufactured housing] didn’t come up in the interview” with former President Carter.

By contrast, when the Department of Housing and Urban Development (HUD) was asked to respond to former President Carter’s broadside, a HUD spokesperson offered to MHProNews the very specific answer of Secretary Carson’s strong statement of support for manufactured housing.

The HUD spokesperson who replied to the Daily Business News on MHProNews was one that has not previously spoken or messaged with MHProNews. Her reply for HUD is all-the-more interesting to investors and businesses in manufactured housing (MH) who read the tea leaves that may signal what direction the agency will take when their regulatory comments review are completed, later this year.

Those comments the spokesperson sent from Secretary Carson were previously published by the Daily Business News, and are found on HUD’s website here, or at the article with some commentary linked below.

“A New Era of Cooperation and Coordination,” is Promised by HUD Secretary Carson, Saying “I Hear You”

Mr. Carter is a prominent supporter of Habitat for Humanity. An informed source in Carter’s home state of Georgia told MHProNews that Habitat rarely uses manufactured homes, preferring to get “free labor” from those who are putting their “sweat equity” into the house that they help build. That keeps Habitat’s construction costs low.

In Habitat’s view, per our source, this combination of factors creates a greater tie of the Habitat dwelling buyer to their home and mortgage payments.

However admirable Habitat is, it obviously only scratches the surface of our nation’s affordable housing needs.  Their own data shows that the majority of their work is done in other countries, instead of here in the U.S.

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It’s noteworthy that a Google search of former President Carter reveals no obvious criticism by him of the Obama Administration over their handling of affordable housing efforts.  By comparison, even some progressives criticized former President Obama for his perceived missteps at HUD regarding affordable housing. One such critique was about Shaun Donovan’s selection by former President Obama, and that source viewed Donavan as a Clinton Administration ally throwback.

So why did Mr. Carter give former President Obama a pass for 8 years, when the rate of home ownership dropped?

HomeOwnershipRatesUSCensusBureauDailyBusinessNewsMHProNews

Where was Mr. Carter on the issue of rising rents during the Obama Administration?

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Or why didn’t the former president from Plains, GA not critique Mr. Obama’s handling of the economy, debts, and deficits? During the Obama era, rental rates continued to rise. Regulatory policies during the 44th president’s term in office constrained or even crushed small businesses by the thousands, while large companies recovered and grew.  Manufactured housing has slowly recovered during the Obama years, due in part to regulatory overreaches.

MedianAskingSalesPriceVacantExistingSalesUnits1995to2018ManufacturedHOusingIndustryDailyBusinessNewsMHProNews

Details further below will outline factors that began during the Carter Administration years, which culminated in some of the housing and mortgage issues of our era. See further below.

MedianHouseholdIncome2016NARManufacturedHomeOwnersVsRentersDailyBusinessNewsMHProNews

Yet, in an apparently partisan Democratic Party fashion, Mr. Carter’s recent blast wasn’t aimed at former President Obama for the erosion in home ownership rates.  The peanut farmer turned president from Plains didn’t take at rising rents under former President Obama. Instead, Mr. Carter attacks President Donald J. Trump?

The Trump Administration has only been in office for about 20 months.  Dozens of the 45th president’s nominees have been slow-walked by Democrats in the Senate.

Ironically, the rate of home ownership and the economy are both improving at a significant clip since Mr. Trump won the election.  So where’s the logic of Mr. Carter’s claims? CNBC apparently failed to ask – or did not report it if they did – insights into any of these salient questions.

Perhaps equally interesting is the following issue and related question.

The federal manufactured housing construction and safety standards administered by HUD had their first full year in effect during President Carter’s Administration.

Figure1MobileManufacturedHomeSalesSHipmentsVsExistingingNewHouseSalesManufacturedHousingiinudstryDataMHProNews

There were certainly many factors that contributed to the steep drop in sales of mobile homes from their peaks in 1973 and 1974. When the HUD Code kicked in and manufactured housing was ‘born’, sales levels stayed fairly low during the Carter years. They went up modestly during the Reagan Administration era.

Mr. Carter’s colorful younger brother Billy served two different independent HUD Code manufactured home builders in high visibility roles for several years in the 1980s.

So why didn’t actively-retired President Carter do more to promote manufactured homes as an affordable housing solution? Or why hasn’t Mr. Carter done more to elevate manufactured homes as an obvious and proven free market solution to affordable housing since he left office?

After all, Mr. Carter can’t claim ignorance of the topic. The former president’s home state was at one time a top-tier manufactured home producer.

So, why did HUD Code manufactured home shipments nose-dive relative to the end of the mobile home era timeframe compared to the Carter years?  By contrast, as Daily Business News on MHProNews has reported, both prior Presidents Nixon and Ford each promoted “mobile homes” as an important part of the U.S. affordable housing mix.

Help Others “Get It” – Loans on “Mobile Homes” Promoted by Another U.S. President

The photo below was provided to MHProNews by ScotBilt Homes, which has produced manufactured homes in GA for many years. Left-to-right in the photo are Sam Scott, Judy Cazel, President Jimmy Carter, his brother Billy Carter, and Jim Cazel, the pilot of the aircraft they are standing by.

SamScottJudyCazelPresidentJimmyCarterBrotherBillyCarterJimCazelManufacturedHousingDailyBusinessNewsMHProNews600

 

The Reaction to former President Carter’s Comments From Washington, D.C.

There is no widely published comments to be found from a Google search (see downloadable screen capture) from the Arlington, VA based Manufactured Housing Institute (MHI) regarding the recent comments by former President Carter.

But the Washington, D.C. based Manufactured Housing Association for Regulatory Reform (MHARR) weighed in on the conventional comments by Mr. Carter in a nuanced comment as follows.

While Secretary Carson as we noted in a recent article has said the right things about the need to eliminate exclusionary zoning, there is much more that HUD could do to support consumer financing for affordable housing, most particularly chattel financing for manufactured homes,” said Mark Weiss, JD, President and CEO of MHARR to MHProNews.

Weiss and MHARR members are on record encouraging more lending from the FHA, while acknowledging the progress made to date during the Trump Administration.

It should be noted that MHARR has no PAC, by design, but MHI does. MHARR has praised the Trump Administration, as has MHI.

 

“Move, Open, Live” De Rose Industries & Senator Thom Tillis’ Mobile Home Comments

But a key distinction between the two trade groups on this issue is that MHI put two paid pro-Clinton speakers on stage in their pre-election Chicago event, a claim MHI has never opted to deny or try to explain.  The mainstream headline below is one of several that document that Berkshire’s chairman backed the party that favored heavy regulations. Why?

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MHI’s primary “big boy” member is Berkshire Hathaway owned Clayton Homes and their affiliated lenders, 21st Mortgage Corp and Vanderbilt Mortgage and Finance. Kevin Clayton is seen with former President Bill Clinton in the disastrous post-Haitian earthquake “recovery” effort photo and linked report below, that dives into those alleged scandals.

“Toxic Trailers” – Clayton Homes, Warren Buffett, Kevin Clayton, Clintons – Exposé Videos

Warren Buffett campaigned for Secretary Hillary Clinton against Mr. Trump in 2016, saying on several occasions, that Buffett believed in her policies.  As MHI award-winner – and periodic MHI critic – Marty Lavin has said, “Pay more attention to what people do than what they say,” and “Follow the money.”

FollowThe MoneyPayMoreAttentionToWhatPeopleDothanwhatTheySaySpySea72MartyLavinYachtManufacturedHousingINdustryProMHProNews

 

Forbes’ John Moratta Weighed In on Carter to Obama Era

But there’s other issues that need to be raised, one of which a Forbes Contributor David John Marotta examined. In 2012, Marotta argued that the entire contest between Democratic candidate and incumbent, President Barack Obama vs. GOP nominee, former Governor Mitt Romney should come down to a single subject.

It’s one that directly relates to affordable housing, manufactured homes, the U.S. economy, and the future direction of America.

The Forbes headline was, “The Election Should Be Settled by a Single Question: Who Caused the Financial Crisis?”

ForbesElectionSettleSingleQuestionWhoCausedFinancialCrisisDailyBusinessNewsMHprOnews

Two key paragraphs by Marotta on the subject framed by the headline above read as follows.

“…It all began with the Community Reinvestment Act (CRA) of 1977 under President Jimmy Carter. Its goal was to reduce discrimination against people in low-income neighborhoods by FDIC banks. The law did not provide any criteria for equal process. Thus any bank whose lending results were called into question could be challenged. And banks needed regulators to approve their actions.

DavidJohnMarottaForbesContributorDailyBusinessNewsMHProNews300The CRA increased the oversight of financial institutions and empowered organizations such as the Association of Community Organizers for Reform Now (ACORN). Obama’s work as a community organizer included working as ACORN’s attorney suing banks in Illinois.”

Skipping further into his column, the following extended quotes from Marotta said, “In the last election campaign, it was vehemently denied that Obama had been an ACORN trainer until the New York Times uncovered records demonstrating he was.”

Now Democratic New York Governor “Andrew Cuomo was the assistant secretary of Housing and Urban Development (HUD) and then secretary under President Bill Clinton from 1993 through 2001. Cuomo created 800 new HUD employees who were paid as much as $100,000 to fight against abolition of the agency. These community builders, as they were called, worked with local groups to lobby against tax cuts and to aid Democratic candidates.

Under Cuomo’s leadership in 1998, HUD forced banks in Texas to lend $2.1 billion in affirmative action loans with a higher risk and higher default rate.”

President Clinton touted these supposed achievements. “In 1998 he boasted,In the 20-year history of the Community Investment Act, 85 percent-plus the money loaned out under it to poor inner-city neighborhoods has been loaned in the five years since I’ve been president.”

Fannie Mae and Freddie Mac were on the path to disaster. Now Obama blames deregulation under the Bush administration for the financial meltdown, but there was none.

After Clinton, George W. Bush and Republicans tried to tighten up lending standards for which they were demonized by the Democrats. These efforts were pushed unsuccessfully throughout the Bush administration starting in April 2001. 

Ranking Democrats Barney Frank and Charles Schumer led their party to block these efforts in the fall of 2003. Frank made light of Republican concerns. He said, “I think we see entities that are fundamentally sound financially and withstand some of the disaster scenarios. And even if there were a problem, the federal government doesn’t bail them out. But the more pressure there is there, then the less we see in terms of affordable housing.”

Those points in Forbes are ones MHProNews has raised several times over the years –  including, but not limited to – by previously sharing the video posted below.

 

It should also be noted that former President Bill Clinton himself acknowledged that, “The responsibility the Democrats do have may rest more in resisting any efforts by Republicans in the Congress or by me when I was president to put some standards and tighten up a little on Fannie Mae and Freddie Mac.”

Let’s let all of the above sink in for a few moments.

That should not imply that several Republicans weren’t also complicit in the housing/lending issues in the run-up to 2008, because Fannie and Freddie were donating to candidates on both sides of the aisle.

But more influence buying cash went to Democrats. Politico reported that the GSEs spent a stunning $200 million dollars in campaign contributions, see the screen capture below.

2008GSEsFannieFreddieGaveDemocratsMorePrior2008FinancialMeltdownDailyBusinessNewsMHProNews

So it seems more than ironic that former Democratic Presidents Carter, Obama, and the Clintons now gleefully point a public finger at President Donald J. Trump. But the evidence and factual reality is that those Democratic leaders are guilty of blatant hypocrisy. They and their party bear a significant degree of responsibility for the economic turmoil, starting in the Carter years, during the Clinton Administration, as well as the run up and through the Obama Administration eras.

Big government solutions, the ones more commonly proposed by Democrats, have proven for 50 plus year not to work.

UCDavisUnitedStatesPovertyRateSince1959to2015DailyBusinessNewsMHProNews_001

It’s federal government policy that turned toward more subsidized conventional housing, which has never kept up with the needs in over 50 years.  Manufactured homes, or the mobile home era before the HUD Code existed, were the free enterprise solution that have proven to be as “amazing” as HUD Secretary Carson said in Senate testimony earlier this year.

 

 

Summing Up the View from MHVille

There is little doubt that members of both major parties have over the years made their respective errors, along with efforts to spin or cover up those mistakes.

But there’s plenty of evidence that former Presidents Carter, Clinton, and Obama – along with Democratic allies in Congress – fostered the conditions that have undermined manufactured housing, and hurt the economy at several times, and in often severe ways.

As industry investors, professionals, and all others ponder their support and votes in the upcoming midterms, it’s vital to consider the issues noted above.

Democrats and disaster-capitalists have long ties. Mr. Buffett and Kevin Clayton’s connections to top Democrats ought to be weighed by all those who care about the issue of affordable housing and manufactured homes role in that effort.

As a disclaimer, while the publishers of MHProNews are political independents, this writer published an article that supported then candidate Trump during the Republican primaries in 2016. That article was republished by the Trump campaign on their website, as the screen captured image below reflects.

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While the Manufactured Housing Institute (MHI) paid for two pro-Clinton speakers in the closing days before the 2016 election, the Kovach family supported Donald J. Trump’s candidacy as the best for the industry, small business and hundreds of millions of Americans. One of those stories ended up on the president’s campaign website, and hundreds of conservative and pro-Trump websites.

Resistance Democrats, and some Republicans too, have caught to slow or stop the reforms that former Democrat turned Republican Donald J. Trump has sought to bring to the U.S. in economic and foreign policies. Those who claimed that Mr. Trump could never win were proved wrong.

Some of those same voices are shouting daily now that Democrats will carry the House, and maybe even the Senate in a supposed “blue wave.” It is a “knife fight,” as Senate Majority Leader Mitch McConnell recently said.

But the races are close. And the polling touted in 2018 has some of the same problems that 2016 polling had.  It is every bit as likely, perhaps more likely given consumer and business confidence levels, that a “red wave” is coming.

President Trump is taking over the GOP, and is transforming it into a pro-worker and pro-business, pro-growth party.  1/3 of the counties that went for Mr. Obama flipped in 2016 and supported Mr. Trump.

The midterms will be all about turnout. Turnout will be determined by energy and enthusiasm. The economic recovery this time isn’t driven by Federal Reserve monetary easing, or doubling the national debt in just eight years, as occurred during the disastrous Obama Administration years.

We are only now beginning to see details and documents about the level of corruption that occurred at the FBI, DOJ, and perhaps the CIA during the Obama era in the 2016 campaign.

The future of our industry’s growth potential may hang in the balance of a builder-businessman turned politician. President Trump has systematically been keeping his campaign promises.

HUD Secretary Carson’s pressroom spokesperson pointed to his manufactured housing comments as their reply to former President Carter’s controversial, and demonstrably misleading claim made to CNBC.

Yes, MHARR’s president is correct in saying that positive words and the regulatory freeze must be followed by more concreate and positive action.

But the Trump Administration, for all the drama that surrounds it, is keeping their promises to put American jobs, businesses, and our national interests first.  It’s a vast improvement over the presidents of both parties since the days of Democrat turned Republican, President Ronald Reagan.

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

(Third party images and content are provided under fair use guidelines.)

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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.

Related Reports:

President Trump Spotlights Factory Home Builder in Speech, Proven Promotion, Support of Industry Advancement

Principle of ‘The Lesser of Two Evils,’ and MHVille’s Future

 

“Thou Shall Not Steal,” $2 Trillion Annually Lost to Lack of Affordable Homes, Making the Manufactured Home Case

New Records Achieved, Who Gets JOLT Credit? Surprising Insights for MHVille

September 13th, 2018 No comments

 

NewRecordsAchievedWhoGetsJOLTCreditSurprisingInsightsMHVilleDailyBUsinessNewsMHProNews

The U.S. Labor Department’s Job Openings and Labor Turnover (JOLT) Survey reported a new high this week, approaching the 7 million mark.  Those in manufactured housing are all-too-familiar with this number in a practical way, because factory-builders and others tell the Daily Business News on MHProNews that competition for labor is growing more intense.

 

 

CNBC’s breakdown of the Labor Department data revealed the following highlights:

 

  • Vacancies outnumbered those classified as unemployed by 659,000 for the month, an unprecedented trend that began earlier this year. Openings rose by 117,000 from June, to 6.94 million, and are up 737,000 over the past year, a nearly 12 percent increase, the department said in its monthly Job Openings and Labor Turnover Survey.
  • The “quits” rate, an indicator of worker confidence as it measures those who left their positions voluntarily, also hit a record of 3.6 million, a gain of 106,000, according to Bureau of Labor Statistics records that go back to December 2000. The quits rate of 2.4 percent is the highest recorded since April 2001 and was up one-tenth of a percentage point from a month ago.
  • Professions registering the biggest gains in job openings were finance and insurance at 46,000 and nondurable goods manufacturing, with 32,000. Openings decreased in retail (-85,000), educational services (-34,000) and federal government (-19,000).
  • New hires totaled 5.68 million, a marginal increase from June but also a series high and an increase of 3.3 percent from the same month a year ago.

MHProNews curates information from a variety of sources across the left-right divide for good reasons. Among them, doing so provides a reality check to those who only get their news mainly from media that lean left, or lean right.

CNBC is left-leaning, and tends to be anti-Trump and pro-Democratic.  Who says?  Among others, former CBS News investigative correspondent in their Washington bureau, award-winner – and now independent journalist, Sharyl Attkisson.

CNBCLeftRightMediaSharylAttkissonDailyBusinessNewsMHProNews

So this analysis by Jeff Cox of CNBC on who should get credit for the economic records being achieved is all-the-more interesting.

 

What MH Associations, Trade Groups Say

Manufacturing has also reported new records.  The National Federation of Independent Business (NFIB), a trade association of some 325,000 members – which sources there say includes hundreds from the manufactured housing industry – has also hit new highs in business confidence.

Regrettably, while many sectors are hitting new records, manufactured housing is still struggling to crawl back to the 100,000-shipment level.  This is one of many reasons why the Manufactured Housing Association for Regulatory Reform (MHARR) – an independent-producers (HUD Code home production) trade association – has for years said that a new post-production association is needed.

Double-Digit HUD Code Manufactured Home Production Growth In July 2018, MHARR

The Manufactured Housing Institute (MHI) is the industry’s self-proclaimed umbrella trade group – including production and post-production – members.  Their own claim puts the onus on them to lead a more robust retail sales recovery.  MHI messages to their affiliates and members routinely take credit for almost anything that might appear to be good coming out of Washington, but the bottom line numbers are a metric that they can’t – or shouldn’t – ignore.

The new manufactured home shipments data tell a different story than the one that the overall U.S. economy is experiencing.

Why?

It’s an important issue for every independent, some of whom never experienced the industry’s higher producing glory days.  As a recent MHProNews report reveals, RV’s went from trailing manufactured housing in 1998, to surpassing manufactured housing only a few years later.  Today, RVs outsell manufactured housing by some 5 to 1.

RVsshipmentsTrailedMH1998WinnebagoDailyBusinessNewsMHProNews

MHI?  What about what MHI award-winner Marty Lavin called the “Big Boys” – including those associated with Berkshire Hathaway?

How do those ‘big boys’ and the association they dominate explain closing 100 sales centers in recent years, while RVs continue to grow?

SoTheAssociationMHIIsNotThereFortheIndustryUnlesstheinterestsoftheBigBoysJointheIndustry'sMartyLavinMHIAwardWinnerQuoteMHProNews

MHProNews looks at the facts, considers the sources, and follows the evidence. MHI earlier last year, and for years before, MHI routinely replied promptly to all inquiries. But since we’ve spotlighted the problems and concerns, they’ve gone silent. Why? If the facts are on their side, why not make offer a cogent explanation?

Clayton’s Surprising Result – Sunday Morning Weekly Recap, MH Headline Reports and News in Review Aug 19 to Aug 26, 2018

How can the industry continue to struggle by historical terms, during an affordable housing crisis?  With the amazing spread in housing costs between conventional and manufactured homes, how can manufactured housing be struggling to recover to even 100,000 new home shipments?

Fresh Facts, Figures, Future of Affordable Housing -Comparisons- Conventional Site-Built v Mobile/Manufactured Home Industry Data

Figure1MobileManufacturedHomeSalesSHipmentsVsExistingingNewHouseSalesManufacturedHousingiinudstryDataMHProNews

There are a growing number of industry voices that believe that BH/CMH and MHI have by various action/inaction has kept manufactured home sales at historically low levels. Evidence for the allegations and concerns on this page? See Related Reports and videos, linked below, which quotes and cites BH, MHI, CMH, 21st Mortgage Corp, and other sources.

The silence of MHI and Clayton on such bottom-line issues that really matter – like new home sales levels – is deafening, isn’t it?

ManufacturedHomeMHShipments1990-2017DailybusinessNewsManufacturedHousingMHProNews

President Donald J. Trump promises reforms in regulatory and taxation that would spur job growth. He’s delivering on those promises, as NFIB and other groups have applauded.

As the midterms loom, keep in mind four words that President Trump and Vice President Mike Pence, who hails from manufactured home producing Indiana, have been saying for months: “Promises Made, Promises Kept.”

“Growth,” “Fight on to Victory,” “One People, One Family, and One Glorious Nation Under God”

The ability for independents, and businesses of all sizes, to success in a pro-business, pro-jobs growth environment are obvious.

The fact that many of these JOLT report jobs are in sectors that former President Barack Obama said were never coming back proves just how wrong he and Secretary Hillary Clinton were, and just how right the policy proposals of the Trump team have been.

 

Clayton, Clintons, Buffett, Then and Now…

There are those in the industry who take a ‘see no evil, hear no evil, speak no evil,’ approach. But as Albert Einstein once observed, if you had an hour to devise a plan to solve a problem, he’d spend 55 minutes learning the background issues related to the problem, and then would spend 5 minutes devising and proposing the solution. Yesterday, MHProNews provided the following report, which has already had thousands of hits.

“Toxic Trailers” – Clayton Homes, Warren Buffett, Kevin Clayton, Clintons – Exposé Videos

With that above report in mind, the following video documentary on the Clintons takes on a new meaning.

This video is an hour and 4o minute long, so you better do this during off time.  The documentary video walks viewers step-by-step, interviewing state and federal investigators, witnesses, and shows corroborating documents. As an FYI for those considering the claims in the video below who may be new to such issues, the Clintons both were associated with Arkansas’ Rose Law Firm. Note that a simple Google search will turn up several articles from mainstream media that confirm many of the topical allegations raised.

The above concerns and controversies noted, why did Warren Buffett and the Claytons want anything to do with the Clintons?  Donald J. Trump has said that it pays to know as much as you can about something that affects your life or profession.  Doesn’t the advice by the businessman-turned-president make even more sense?

IfSomethingIsGoingToAffectYourLifeItsBestToKnowAsMuchasYouCanAboutItDonaldTrumpQuoteMHProNews800

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

(Third party images and content are provided under fair use guidelines.)

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To see a sample of our emailed news update, click here. To sign up for the factory-built home industry’s #1 headline news, click here or the graphic above.

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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.

Related Reports:

Smoking Gun 3 – Warren Buffett, Kevin Clayton, Clayton Homes, 21st Mortgage Corp Tim Williams – Manufactured Home Lending, Sales Grab?

FEDs, MHI, Buffett’s Berkshire’s Clayton Homes Moat, Affordable Housing, and Billion$ in Manufactured Home Market Manipulation

“Toxic Trailers” – Clayton Homes, Warren Buffett, Kevin Clayton, Clintons – Exposé Videos

September 12th, 2018 No comments

 

ToxicTrailersClaytonHomesWarrenBuffettKevinClaytonBillHilllaryClintonFoundationExposeVideosDailyBusinessNewsMHProNews

The terminology in the quotes are inaccurate, but that quote is the exact words several in the media and other investigators shown below used.

From 2010 until 2018, there’s been an ongoing series of governmental, media, and other investigations into the post Haitian tragedy that involved Kevin Clayton, Bill and Hillary Clinton, Warren Buffett’s led Berkshire Hathaway conglomerate which owns Clayton Homes. This Daily Business News report will update and review what was promised, and what took place.

 

The allegations are that billions of dollars were wasted and failed to go to those that needed and were promised post-disaster relief.  This is a useful book-end to the Poverty Inc video, which documented, step-by-step how many poverty and disaster relief programs benefit a few, but fails or makes worse the conditions of those they’re intended to help.  That report, is linked below.

Acclaimed Poverty Inc. Video, MHVille – Why Left & Right Should Listen, Learn From Each Other

 

What Clayton Homes Said…

Recall that a devastating earthquake hit Haiti in 2010. The first video is from a local media interview with Clayton Homes, and makes an eye-opening point. “Just after the earthquake in Haiti, Clayton Homes contacted The Clinton Foundation…” posted on August 24, 2010.

It all sounds great.

 

But what actually happened?

ClintonFoundationChoseClaytonHomesBuildHaitiWarrenBuffettBerkshireHathawayRealityCheckDailyBusinessNewsMHProNews600

One of several potent fact-laces stills  from the video, below.

 

Ben Swann’s Fact Check

Ben Swann’s Reality Check produced what appears to be one of the most compressive and balanced video overview – loaded with facts, visuals and graphics – on the topic so far.  It was produced earlier this year. It frames the issue of Clayton, Berkshire, the Clintons, et al by looking at this question, “If Haiti Is a “S***hole” Country, Who Is Really to Blame?”

It’s powerful.  The video above is loaded with details like graphic in the still below.

13.3BillionClintonFoundationHaitiRealityCheckDailyBusinessNewsMHproNews

Don’t miss a minute of this eye-opening exposé.

 

Democracy Now – A Pro-Democratic Group – Spotlighted Warren Buffett, Clayton Homes, and the Clinton Foundation

U.S. and Canadian reports connected to this next video interview, shown below, are the ones that used the phrase “toxic trailers,” quoted in our headline, above.

That this scandal didn’t end is underscored by the CNN video, shown below, which said last year that federal investigators are looking into related issues.

 

Federal Investigation of the Clinton Foundation and Related Scandals

Pro-Clinton and pro-Democratic CNN produced this next video report last year, that spotlighted that federal authorities are actively investigating allegations of corruption related to the Clinton Foundation.

ToxicTrailersClaytonHomesWarrenBuffettKevinClaytonBillHilllaryClintonFoundationCCIExposeVideosDailyBusinessNewsMHProNews

 

Inside Haiti’s “Hurricane Proof” Clayton Homes “Toxic Trailers”

This video by CCIR, and gives some additional inside and outside views of this problematic issue.

 

Former Haitian Senate President Bernard Sansaricq weighs in on the Clinton Foundation’s Haitian Relief Effort Controversy

You can feel the outrage, years after the 2010 disaster, in this video interview with an elected Haitian leader that the Clinton’s allegedly tried to buy off before the 2016 election.

 

Boldly Misleading?  Warren Buffett Promotes Hillary Clinton, Slams Donald Trump

Honesty is a very expensive gift. Do not expect it from cheap people,” said Warren Buffett as one of his quotes related to protection of reputation.

 

Marty Lavin has said, “Pay more attention to what people do than what they say.”  Buffett preaches against making headlines for questionable business reasons, and yet Wells Fargo and even more often, Clayton Homes, has been involved in scandals and allegations that have resulted in legal, regulatory actions – alone with negative publicity.

Buffett actively supported Clinton and Democrats in the 2016 election cycle.  While he’s been quieter since Donald Trump won the presidency in 2016, is there any reason to think he’s working for anyone other than those with his long ties to candidates like Secretary Hillary Clinton, or former President Barack Obama?

 

Judicial Watch’s Tom Fitton Makes it Clear, These Investigations Are On-Going

In this next video, Judicial Watch’s Tom Fitton is talking about the Clinton Foundation, and their ongoing investigation into the allegations of misuse of funds connected with the Haitian disaster relief.

There are more video reports like these, but these provide the most comprehensive review of what the various sources have said.

 

What’s Next?

Sources across the left-right media divide – including the Seattle Times, Guru Focus, The Nation and MHProNews – have periodically spotlighted Buffett/Berkshire Hathaway/Clinton/Clayton Homes related scandals.  See related reports, linked below.

So, don’t think that a period of quiet in the mainstream means that these scandals, which often yield negative headlines for the industry, are over.  There are indictors that more black-eye headlines are ahead.

There are several indications that the issues could be heating back up.  Stay tuned, because who else in MHVille’s trade media bring you reports about conglomerates like Berkshire Hathaway – other than this source?  “We Provide, You Decide.” © ## (News, analysis, and commentary.)

(Third party images and content are provided under fair use guidelines.)

1) To sign up in seconds for our MH Industry leading emailed news updates, click here.

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To see a sample of our emailed news update, click here. To sign up for the factory-built home industry’s #1 headline news, click here or the graphic above.

2) To provide a News Tips and/or Commentary, click the link to the left. Please note if comments are on-or-off the record, thank you.

3) Marketing, Web, Video, Consulting, Recruiting and Training Resources

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.

Related Reports:

Seattle Times -Federal Investigations-Berkshire Hathaway’s Clayton Homes, GuruFocus Spotlights Buffett’s Clayton’s “Unethical,” Monopolistic Moat

Warren Buffett Would be Okay With Clayton Homes Losing Money, Says Kevin Clayton – But Why?

 

Progressive “Nation” Reports on Monopolies Cites Buffett, Clayton, Others – MH Industry Impact?

Clayton Homes and 21st Mortgage’s Manufactured Housing “Spies”

Former President Barack Obama Says President Trump is “Symptom, Not the Cause,” plus MH Market Updates

September 7th, 2018 Comments off

CNNmoney9.7.2018ManufacturedHomeStocksMarketsReportsMHProNewsIt is no secret that the Daily Business News on MHProNews editorially opposed the policies of prior President Barack H. Obama, just as it is no secret that this industry-leading trade media favored the candidacy – and still robustly supports – the Presidency of Donald J. Trump.  But tonight’s spotlight feature is today’s speech by former President Obama. That’s balance, and it’s a frankly fascinating speech.  Why? Because it has several elements of truth, for those who take a discerning “wheat and chaff” approach.  That discernment, aligned with the facts, isn’t the message that the speaker may have wanted to convey, or what many of his listeners think they heard.  The full transcript of the former president’s speech, and a video highlight of the speech, is our evening featured report tonight, found further below.

 

If you’re new, already hooked on our new spotlight feature – or are ready to get the MH professional fever – our headline reports are found further below, just beyond the Manufactured Housing Composite Value for today.

 

The evolving Daily Business News market report sets the manufactured home industry’s stocks in the broader context of the overall markets.

Part of this unique feature provides headlines – from both sides of the left-right media divide – that saves readers time, while underscoring topics that may be moving investors, which in turn move the markets.

Readers say this is also a useful quick-review tool that saves researchers time in getting a handle of the manufactured housing industry, through the lens of publicly-traded stocks connected with the manufactured home industry.

MH “Industry News, Tips and Views, Pros Can Use.” ©

ICYMI – for those not familiar with the “Full Measure,” ‘left-right’ media chart, please click here. 

MediaBiasChartSharylAttkissonLeftRightPostedDailyBusinessNewsMHProNews

Full Measure’s Sharyl Attiksson’s media bias chart is useful in sorting out the agendas behind various headlines and news sources. http://www.mhpronews.com/blogs/daily-business-news/no-fire-just-smoke-and-democratic-clinton-supporter-says-enough/

Selected headlines and bullets from CNN Money:

  • NFL kickoff ratings fall again
  • The two-year Wells Fargo horror story just won’t end
  • Tesla in turmoil: Executives bail and stock plunges
  • Weed, whiskey, Tesla and a flamethrower: Elon Musk meets Joe Rogan
  • Deutsche Bank’s top investor is selling out
  • Dell, Cisco and others make a last-minute effort to avoid new China tariffs
  • Activist investor wants to replace entire Campbell Soup board
  • Op-ed fallout: The latest salvo in Trump’s love-hate relationship with the Times
  • Facebook employee with ties to Cambridge Analytica leaves company
  • What’s the best place for your money in the next five years?
  • The case for and against gender quotas
  • British Airways’ latest tech problem is a major credit card hack
  • Twitter bans Alex Jones and InfoWars
  • 20 cities, one year, and no second Amazon headquarters (yet)
  • Amazon is 20,000 vans closer to its own delivery fleet
  • Charlie Rose says accusers are ‘exploiting the #MeToo Movement’
  • Volkswagen speaks out against right-wing protests in Germany
  • It’s a bitcoin bloodbath
  • New York Times rivals react to explosive anonymous op-ed
  • Barnes & Noble is in big trouble in more than one way
  • A former Buddhist monk is trying to help the world relax with an app
  • IBM is betting big on blockchain technology. Is it worth the risk?
  • Lyft launches a scooter service, with Uber close behind
  • Hong Kong now has more super-rich people than any other city
  • Curbing carbon emissions could boost the economy way more than doing nothing
  • CBS is reportedly negotiating an exit for CEO Les Moonves
  • Amway co-founder Richard DeVos dies at 92
  • Facebook is spending $1 billion on its first data center in Asia
  • China’s ‘Amazon of services’ picks a tough time for its $4.4 billion IPO
  • Starbucks’ first store in Italy: Frappuccinos aren’t on the menu
  • Carlsberg is going to glue its beer cans together
  • PepsiCo is launching an accelerator program

Selected headlines and bullets from Fox Business:

  • Larry Kudlow: Dairy blocking trade deal with Canada
  • August jobs growth tops expectations, unemployment holds near 18-year low
  • Tesla shares hit amid executive departures
  • Stocks slide as Trump signals more tariffs on China
  • ‘Papa John’ Schnatter: New CEO orchestrated racism scandal
  • Employers struggle to fill jobs paying $75,000 a year with benefits, pension
  • Ex-NBA star Kevin Garnett sues accountant over $77M in losses
  • Elon Musk smokes marijuana during podcast
  • This is how Texas plans to kill ObamaCare
  • Does Tesla’s Elon Musk have a responsibility to be a good role model?
  • Thousands of flooded cars are refurbished and sold: Here’s how to avoid that trap
  • Amazon orders 20,000 Mercedes vans for deliveries
  • The fuzzy math behind California’s renewable energy push
  • NFL thriving despite Colin Kaepernick: Tiki Barber
  • What aerial photos can tell us about Tesla sales
  • ‘Strong’ jobs report reinforces future rate hikes: Dallas Fed’s Kaplan
  • Here are this year’s top 10 startups according to LinkedIn
  • Equifax data breach: How consumers have responded one year later
  • ‘Run for the Cure’: Susan G. Komen CEO Linda Tantawi
  • Americans should consider retiring in these countries
  • 4 tips on making the most money selling your home
  • The pitfalls of early retirement that no one is telling you
  • Continue to Personal Finance
  • Tesla shares hit amid executive departures
  • Elon Musk smokes marijuana during podcast
  • Football and investing: what they have in common
  • Amway founder and Magic owner Richard DeVos dies at age 92
  • Eye in the Tesla sky: What aerial photos say about Elon Musk’s sales
  • Regulatory environment’s impact on Uber
  • How Stumpy’s turned hatchet-throwing into a fast-growing business
  • America’s Best 401(k) adds Salesforce CEO, M13 founder to board of directors

 

Today’s markets and stocks, at the closing bell…

YahooFinanceManufacturedHousingCompValue9.7.2018DailyBusinessNewsStocksMarketsDataReportsMHProNews 

Manufactured Housing Composite Value (MHCV)

9MarketIndicatorsYahooFinance9.7.2018DailyBusinessNeawsManufacturedHousingIndustryStocksMarketsReportsDataMHProNews

 

Today’s Big Movers

For all the scores and highlights on tracked manufactured home connected stocks today, see thBloomberg graphic, posted below.

Today’s MH Market Spotlight Report –

FormerPresidentBarackObamaPresidentTrumpSymptonNotCausePlusMHMarketUpdates

The Daily Mail provided the video, and USA Today get’s credit for obtaining a transcript from former President Barack Hussein Obama’s speech delivered today at the University of Illinois at Urbana Champaign.

The occasion?  The former president accepted an “ethics in government” award.  The irony is thick, because as we’ve previously documented, Mr. Obama promised many times during 2008 things that were demonstrably false.

Before proceeding, let’s stress an objective reality.  Presidents from both major parties going back for several decades have said things that proved to be untrue.  That isn’t a Democratic or a Republican reality, it is a political reality that applies to members of both major parties at all levels of local, state, and national government.

With specific respect to Mr. Obama, for example, “If you like your doctor, you can keep your doctor,” “if you like your health plan, you can keep your health plan.  Or promising Americans would save money due to the passage of what would later be called ObamaCare.

But that was all a lie.  Who said?  Mr. Obama’s own architect of ObamaCare, Jonathan Grubber of MIT.

 

President Obama promised transparency during his term in office.  But instead, he delivered in many ways the opposite of that promise. That example of ObamaCare above is just one of several possible instances. Thomas Sowell said in advance that Mr. Obama’s plan would fail to save money, and he explained why in the words below.

Thomas Sowell, Ph.D. Economist, Thinker,

Collage credit, Wikipedia and MHProNews.com.

The 44th president also promised to heal the racial divide, but many – including many blacks and minorities – believe he made racial divisions worse in the U.S.

Mr. Obama railed today against the wealthy and powerful, but he would never have become president without the support of left-wing supporting billionaires. That included, but wasn’t limited to, Warren Buffett, who is chairman of Berkshire Hathaway, parent company of Clayton Homes, 21st Mortgage, and other manufactured housing brands.  It is worth linking an article from earlier today connected to those companies.

Clayton Homes and 21st Mortgage’s Manufactured Housing “Spies”

Mr. Obama got support from other billionaires, including George Soros, Tom Steyer, Bill Gates and the list goes on.  Those too are important, and the first two are linked in the article found below.

Follow the Money – Surprising, Inconvenient Truths Impact Manufactured Housing, U.S. Economy, and More

That’s tied to a heated contest in the #3 state in manufactured housing sales, Florida, which faces what other pundits are also calling an epic face-off, that could define that state and the direction of the U.S. for years to come.

Epic Battle for MHVille Mainstay Looms, With “Not the Most Popular Guy” and His Rival

Referring to President Trump, Mr. Obama said that he was “the symptom, not the cause” of division and polarization in the U.S.  That’s a demonstrably true statement, but that doesn’t mean what it may seem to mean on the surface. How so? Because the policies that President of the United States (POTUS), Donald J. Trump is promoting were similar to those of other candidates before him, like pundit and author, Pat Buchanan, or former Senator Rick Santorum, among others. Rush Limbaugh has said something quiet similar to this comment by former President Obama, when the talk radio star said that Mr. Trump didn’t create the coalition, rather, he stepped in and filled a void among a coalition that already existed.

There is more that could be said, but it is Friday evening.  Let the video and President Obama have their say, but evaluate those words critically, not just accepting them on face value.

The rich that Mr. Obama is railing against at times not only put him in office, but they are making him wealthy after his term in office, just as former President Bill Clinton became wealthy after he left office.

Because if you do, you’ll find that in some ways, the facts reflect that Mr. Obama is describing himself, and his backers. Ouch, sad, but true. With no further adieu, here’s the video and transcript, followed by a link to President Trump’s speech in Montana last night.

 

USA Today provided a transcript of the speech, as provided by former President Barack Obama’s office.

 

Here is a transcript of Obama’s speech as provided by his office:

President Obama: Hey! Hello, Illinois! I-L-L!

AUDIENCE: I-L-L!

PRESIDENT OBAMA: I-L-L!

AUDIENCE: I-L-L!

PRESIDENT OBAMA:I-L-L!

AUDIENCE: I-L-L!

PRESIDENT OBAMA: Okay, okay. Just checking to see if you’re awake. Please have a seat, everybody. It is good to be home. It’s good to see corn.

PRESIDENT OBAMA: Beans. I was trying to explain to somebody as we were flying in, that’s corn. That’s beans. And they were very impressed at my agricultural knowledge. Please give it up for Amaury once again for that outstanding introduction. I have a bunch of good friends here today, including somebody who I served with, who is one of the finest senators in the country, and we’re lucky to have him, your Senator, Dick Durbin is here. I also noticed, by the way, former Governor Edgar here, who I haven’t seen in a long time, and somehow he has not aged and I have. And it’s great to see you, Governor. I want to thank President Killeen and everybody at the U of I System for making it possible for me to be here today. And I am deeply honored at the Paul Douglas Award that is being given to me. He is somebody who set the path for so much outstanding public service here in Illinois.

Now, I want to start by addressing the elephant in the room. I know people are still wondering why I didn’t speak at the commencement.

The student body president sent a very thoughtful invitation. The students made a spiffy video. And when I declined, I hear there was speculation that I was boycotting campus until Antonio’s Pizza reopened.

So I want to be clear. I did not take sides in that late-night food debate. The truth is, after eight years in the White House, I needed to spend some time one-on-one with Michelle if I wanted to stay married.

And she says hello, by the way. I also wanted to spend some quality time with my daughters, who were suddenly young women on their way out the door. And I should add, by the way, now that I have a daughter in college, I can tell all the students here, your parents suffer.

They cry privately. It is brutal. So please call. Send a text.

We need to hear from you, just a little something. And truth was, I was also intent on following a wise American tradition. Of ex-presidents gracefully exiting the politicalstage, making room for new voices and new ideas. And we have our first president, George Washington, to thank for setting that example. After he led the colonies to victory as General Washington, there were no constraints on him really, he was practically a god to those who had followed him into battle.

There was no Constitution, there were no democratic norms that guided what he should or could do. And he could have made himself all-powerful, he could have made himself potentially President for life. And instead he resigned a sCommander-in-Chief and moved back to his country estate. Six years later, he was elected President. But after two terms, he resigned again, and rode off into the sunset. The point Washington made, the point that is essential to American democracy, is that in a government of and by and for the people, there should be no permanent ruling class. There are only citizens, who through their elected and temporary representatives, determine our course and determine our character.

I’m here today because this is one of those pivotal moments when every one of us, as citizens of the United States, need to determine just who it is that we are, just what it is that we stand for. And as a fellow citizen, not as an ex-president, but as a fellow citizen, I am here to deliver a simple message, and that is that you need to vote because our democracy depends on it.

Now, some of you may think I’m exaggerating when I say this November’s electionsare more important than any I can remember in my lifetime. I know politicians say that all the time. I have been guilty of saying it a few times, particularly when I was on the ballot.

But just a glance at recent headlines should tell you that this moment really is different.The stakes really are higher. The consequences of any of us sitting on the sidelines are more dire. And it’s not as if we haven’t had big elections before or big choices to make in our history. The fact is, democracy has never been easy, and our founding fathers argued about everything. We waged a civil war. We overcame depression. We’ve lurched from eras of great progressive change to periods of retrenchment. Still, most Americans alive today, certainly the students who are here, have operated under some common assumptions about who we are and what we stand for.

Out of the turmoil of the industrial revolution and the Great Depression, America adapted a new economy, a 20th century economy – guiding our free market with regulations to protect health and safety and fair competition, empowering workers with union movements; investing in science and infrastructure and educational institutions like U of I; strengthening our system of primary and secondary education, and stitching together asocial safety net. And all of this led to unrivaled prosperity and the rise of a broad and deep middleclass in the sense that if you worked hard, you could climb the ladder of success.

And not everyone was included in this prosperity. There was a lot more work to do. And so in response to the stain of slavery and segregation and the reality of racial discrimination, the civil rights movement not only opened new doors for African-Americans, it also opened up the floodgates of opportunity for women and Americans with disabilities and LGBT Americans and others to make their own claims to full and equal citizenship. And although discrimination remained a pernicious force in our society and continues to this day, and although there are controversies about how to best ensure genuine equality of opportunity, there’s been at least rough agreement among the overwhelming majority of Americans that our country is strongest when everybody’s treated fairly, when people are judged on the merits and the content of their character, and not the color of their skin or the way in which they worship God or their last names. And that consensus then extended beyond our borders. And from the wreckage of World War II, we built a postwar web, architecture, system of alliances and institutions to underwrite freedom and oppose Soviet totalitarianism and to help poorer countries develop.

This American leadership across the globe wasn’t perfect. We made mistakes. At times we lost sight of our ideals. We had fierce arguments about Vietnam, and we had fierce arguments about Iraq. But thanks to our leadership, a bipartisan leadership, and the efforts of diplomats and Peace Corps volunteers, and most of all thanks to the constant sacrifices of our men and women in uniform, we not only reduced the prospects of war between the world’s great powers, we not only won the Cold War, we helped spread a commitment to certain values and principles, like the rule of law and human rights and democracy and the notion of the inherent dignity and worth of every individual. And even those countries that didn’t abide by those principles were still subject to shame and still had to at least give lip service for the idea. And that provided a lever toc ontinually improve the prospects for people around the world.

That’s the story of America, a story of progress. Fitful progress, incomplete progress, but progress. And that progress wasn’t achieved by just a handful of famous leaders making speeches. It was won because of countless quiet acts of heroism and dedication by citizens, by ordinary people, many of them not much older than you. It was won because rather than be bystanders to history, ordinary people fought and marched and mobilized and built and, yes, voted to make history.

Of course, there’s always been another darker aspect to America’s story. Progress doesn’t just move in a straight line. There’s a reason why progress hasn’t been easy and why throughout our history every two steps forward seems to sometimes produce one step back. Each time we painstakingly pull ourselves closer to our founding ideals, that all of us are created equal, endowed by our Creator with certain inalienable rights; the ideals that say every child should have opportunity and every man and woman in this country who’s willing to work hard should be able to find a job and support a family and pursue their small piece of the American Dream; our ideals that say we have a collective responsibility to care for the sick and the infirm, and we have a responsibility to conserve the amazing bounty, the natural resources of this country and of this planet for future generations, each time we’ve gotten closer to those ideals, somebody somewhere has pushed back. The status quo pushes back. Sometimes the backlash comes from people who are genuinely, if wrongly, fearful of change. More often it’s manufactured by the powerful and the privileged who want to keep us divided and keep us angry and keep us cynical because that helps them maintain the status quo and keep their power and keep their privilege. And you happen to be coming of age during one of those moments. It did not start with Donald Trump. He is a symptom, not the cause.

He’s just capitalizing on resentments that politicians have been fanning for years. A fear and anger that’s rooted in our past, but it’s also born out of the enormous upheavals that have taken place in your brief lifetimes.

And, by the way, it is brief. When I heard Amaury was eleven when I got elected, and now Amaury’s starting a company, that was yesterday. But think about it. You’ve come of age in a smaller, more connected world, where demographic shifts and the winds of change have scrambled not only traditional economic arrangements, but our social arrangements and our religious commitments and our civic institutions. Most of you don’t remember a time before 9/11, when you didn’t have to take off your shoes at an airport. Most of you don’t remember a time when America wasn’t at war, or when money and images and information could travel instantly around the globe, or when the climate wasn’t changing faster than our efforts to address it. This change has happened fast, faster than any time in human history. And it created a new economy that has unleashed incredible prosperity.

But it’s also upended people’s lives in profound ways. For those with unique skills or access to technology and capital, a global market has meant unprecedented wealth. For those not so lucky, for the factory worker, for the office worker, or even middle managers, those same forces may have wiped out your job, or at least put you in no position to ask for a raise. As wages slowed and inequality accelerated, those at the top of the economic pyramid have been able to influence government to skew things even more in their direction: cutting taxes on the wealthiest Americans, unwinding regulations and weakening worker protections, shrinking the safety net. So you have come of age during a time of growing inequality, of fracturing of economic opportunity. And that growing economic divide compounded other divisions in our country: regional, racial, religious, cultural. It made it harder to build consensus on issues. It made politicians less willing to compromise, which increased gridlock, which made people even more cynical about politics.

And then the reckless behavior of financial elites triggered a massive financial crisis, ten years ago this week, a crisis that resulted in the worst recession in any of our lifetimes and caused years of hardship for the American people, for many of your parents, for many of your families. Most of you weren’t old enough to fully focus on what was going on at the time, but when I came into office in 2009, we were losing 800,000 jobs a month. 800,000. Millions of people
were losing their homes. Many were worried we were entering into a second Great Depression. So we worked hard to end that crisis, but also to break some of these longer term trends. And the actions we took during that crisis returned the economy to healthy growth and initiated the longest streak of job creation on record. And we covered another 20 million Americans with health insurance and we cut our deficits by more than half, partly by making sure that people like me, who have been given such amazing opportunities by this country, pay our fair share of taxes to help folks coming up behind me.

And by the time I left office, household income was near its all-time high and the uninsured rate had hit an all-time low and wages were rising and poverty rates were falling. I mention all this just so when you hear how great the economy’s doing right now, let’s just remember when this recovery started.

I mean, I’m glad it’s continued, but when you hear about this economic miracle that’s been going on, when the job numbers come out, monthly job numbers, suddenly Republicans are saying it’s a miracle. I have to kind of remind them, actually, those job numbers are the same as they were in 2015 and 2016.

Anyway, I digress. So we made progress, but — and this is the truth — my administration couldn’t reverse forty-year trends in only eight years, especially once Republicans took over the House of Representatives in and decided to block everything we did, even things they used to support.

So we pulled the economy out of crisis, but to this day, too many people who once felt solidly middle-class still feel very real and very personal economic insecurity. Even though we took out bin Laden and wound down the wars in Iraq and our combat role in Afghanistan, and got Iran to halt its nuclear program, the world’s still full of threats and disorder. That comes streaming through people’s televisions every single day. And these challenges get people worried. And it frays our civic trust. And it makes a lot of people feel like the fix is in and the game is rigged, and nobody’s looking out for them. Especially those communities outside our big urban centers.

And even though your generation is the most diverse in history, with a greater acceptance and celebration of our differences than ever before, those are the kinds of conditions that are ripe for exploitation by politicians who have no compunction and no shame about tapping into America’s dark history of racial and ethnic and religious division

Appealing to tribe, appealing to fear, pitting one group against another, telling people that order and security will be restored if it weren’t for those who don’t look like us or don’t sound like us or don’t pray like we do, that’s an old playbook. It’s as old as time. And in a healthy democracy it doesn’t work. Our antibodies kick in, and people of goodwill from across the political spectrum callout the bigots and the fearmongers, and work to compromise and get things done and promote the better angels of our nature. But when there’s a vacuum in our democracy, when we don’t vote, when we take our basic rights and freedoms for granted, when we turn away and stop paying attention and stop engaging and stop believing and look for the newest diversion, the electronic versions of bread and circuses, then other voices fill the void. A politics of fear and resentment and retrenchment takes hold. And demagogues promise simple fixes to complex problems. They promise to fight for the little guy even as they cater to the wealthiest and the most powerful. They promise to clean up corruption and then plunder away. They start undermining norms that ensure accountability, try to change the rules to entrench their power further. And they appeal to racial nationalism that’s barely veiled, if veiled at all.

Sound familiar? Now, understand, this is not just a matter of Democrats versus Republicans or liberals versus conservatives. At various times in our history, this kind of politics has infected both parties. Southern Democrats were the bigger defenders of slavery. It took a Republican President, Abraham Lincoln, to end it. Dixiecrats filibustered anti-lynching legislation, opposed the idea of expanding civil rights, and although it was a Democratic President and a majority Democratic Congress, spurred on by young marchers and protestors, that got the Civil Rights Act and the Voting Rights Act over the finish line, those historic laws also got passed because of the leadership of Republicans like Illinois’ own Everett Dirksen.

So neither party has had a monopoly on wisdom, neither party has been exclusively responsible for us going backwards instead of forwards. But I have to say this because sometimes we hear, oh, a plague on both your houses. Over the past few decades, it wasn’t true when Jim Edgar was governor here in Illinois or Jim Thompson was governor. I’ve got a lot of good Republican friends here in Illinois. But over the past few decades, the politics of division, of resentment and paranoia has unfortunately found a home in the Republican Party.

This Congress has championed the unwinding of campaign finance laws to give billionaires outsized influence over our politics; systemically attacked voting rights to make it harder for the young people, the minorities, and the poor to vote.

Handed out tax cuts without regard to deficits. Slashed the safety net wherever it could. Cast dozens of votes to take away health insurance from ordinary Americans. Embraced wild conspiracy theories, like those surrounding Benghazi, or my birth certificate.

Rejected science, rejected facts on things like climate change. Embraced a rising absolutism from a willingness to default on America’s debt by not paying our bills, to a refusal to even meet, much less consider, a qualified nominee for the Supreme Court because he happened to be nominated by a Democratic President. None of this is conservative. I don’t mean to pretend I’m channeling Abraham Lincoln now, but that’s not what he had in mind, I think, when he helped form the Republican Party.

It’s not conservative. It sure isn’t normal. It’s radical. It’s a vision that says the protection of our power and those who back us is all that matters, even when it hurts the country. It’s a vision that says the few who can afford a high-priced lobbyist and unlimited campaign contributions set the agenda. And over the past two years, this vision is now nearing its logical conclusion.

So that with Republicans in control of Congress and the White House, without any checks or balances whatsoever, they’ve provided another $. trillion in tax cuts to people like me who, I promise, don’t need it, and don’t even pretend to pay for them. It’s supposed to be the party, supposedly, of fiscal conservatism. Suddenly deficits do not matter, even though, just two years ago, when the deficit was lower, they said, I couldn’t afford to help working families or seniors on Medicare because the deficit was an existential crisis. What changed? What changed? They’re subsidizing corporate polluters with taxpayer dollars, allowing dishonest lenders to take advantage of veterans and students and consumers again. They’ve made it so that the only nation on earth to pull out of the global climate agreement, it’s not North Korea, it’s not Syria, it’s not Russia or Saudi Arabia. It’s us. The only country.There are a lot of countries in the world.

We’re the only ones.

They’re undermining our alliances, cozying up to Russia. What happened to the Republican Party? Its central organizing principle in foreign policy was the fight against Communism, and now they’re cozying up to the former head of the KGB, actively blocking legislation that would defend our elections from Russian attack. What happened? Their sabotage of the Affordable Care Act has already cost more than three million Americans their health insurance. And if they’re still in power next fall, you’d better believe they’re coming at it again. They’ve said so. In a healthy democracy, there’s some checks and balances on this kind of behavior, this kind of inconsistency, but right now there’s none. Republicans who know better in Congress — and they’re there, they’re quoted saying, Yeah, we know this is kind of crazy –are still bending over backwards to shield this behavior from scrutiny or accountability or consequence. Seem utterly unwilling to find the backbone to safeguard the institutions that make our democracy work.

And, by the way, the claim that everything will turn out okay because there are people inside the White House who secretly aren’t following the President’s orders, that is not a check — I’m being serious here — that’s not how our democracy is supposed to work.

These people aren’t elected. They’re not accountable.T hey’re not doing us a service by actively promoting 90 percent of the crazy stuff that’s coming out of this White House and then saying, Don’t worry, we’re preventing the other 10 percent. That’s not how things are supposed to work. This is not normal.

These are extraordinary times. And they’re dangerous times. But here’s the good news. In two months we have the chance, not the certainty but the chance, to restore some semblance of sanity to our politics.

Because there is actually only on real check on bad policy and abuses of power, and that’s you. You and your vote. Look, Americans will always have disagreements on policy. This is a big country, it is a raucous country. People have different points of view. I happen to be a Democrat. I support Democratic candidates. I believe our policies are better and that we have a bigger, bolder vision of opportunity and equality and justice and inclusive democracy. We know there are a lot of jobs young people aren’t getting a chance to occupy or aren’t getting paid enough or aren’t getting benefits like insurance. It’s harder for young people to save for a rainy day, let alone retirement. So Democrats aren’t just running on good old ideas like a higher minimum wage, they’re running on good new ideas like Medicare for all, giving workers seats on corporate boards, reversing the most egregious corporate tax cuts to make sure college students graduate debt-free.

We know that people are tired of toxic corruption, and that democracy depends on transparency and accountability. So Democrats aren’t just running on good old ideas like requiring presidential candidates to release their tax returns, and barring lobbyists from making campaign contributions, but on good new ideas like barring lobbyists from getting paid by foreign governments. We know that climate change isn’t just coming. It is here. So Democrats aren’t just running on good old ideas like increasing gas mileage in our cars — which I did and which Republicans are trying to reverse — but on good new ideas like putting a price on carbon pollution. We know that in a smaller, more connected world, we can’t just put technology back in a box, we can’t just put walls up all around America. Walls don’t keep out threats like terrorism or disease – and that’s why we propose leading our alliances and helping other countries develop, and pushing back against tyrants. And Democrats talk about reforming our immigration so, yes, it is orderly and it is fair and it is legal, but it continues to welcome strivers and dreamers from all around the world. That’s why I’m a Democrat, that’s the set of ideas that I believe in. Oh, I am here to tell you that even if you don’t agree with me or Democrats on policy, even if you believe in more Libertarian economic theories, even if you are an evangelical and our position on certain social issues is a bridge too far, even if you think my assessment of immigration is mistaken and that Democrats aren’t serious enough about immigration enforcement, I’m here to tell you that you should still be concerned with our current course and should still want to see a restoration of honesty and decency and lawfulness in our government.

It should not be Democratic or Republican, it should not be a partisan issue to say that we do not pressure the Attorney General or the FBI to use the criminal justice system as a cudgel to punish our political opponents.

Or to explicitly call on the Attorney General to protect members of our own party from prosecution because an election happens to be coming up. I’m not making that up. That’s not hypothetical. It shouldn’t be Democratic or Republican to say that we don’t threaten the freedom of the press because – they say things or publish stories we don’t like.

I complained plenty about Fox News – but you never heard me threaten to shut them down, or call them enemies of the people. It shouldn’t be Democratic or Republican to say we don’t target certain groups of people based on what they look like or how they pray. We are Americans. We’re supposed to standup to bullies.

Not follow them.

We’re supposed to stand up to discrimination. And we’re sure as heck supposed to stand up, clearly and unequivocally, to Nazi sympathizers.

How hard can that be? Saying that Nazis are bad. I’ll be honest, sometimes I get into arguments with progressive friends about what the current political movement requires. There are well-meaning folks passionate about social justice, who think things have gotten so bad, the lines have been so starkly drawn, that we have to fight fire with fire, we have to do the same things to the Republicans that they do to us, adopt their tactics, say whatever works, make up stuff about the other side. I don’t agree with that. It’s not because I’m soft. It’s not because I’m interested in promoting an empty bipartisanship. I don’t agree with it because eroding our civic institutions and our civic trust and making people angrier and yelling at each other and making people cynical about government, that always works better for those who don’t believe in the power of collective action.

You don’t need an effective government or a robust press or reasoned debate to work when all you’re concerned about is maintaining power. In fact, the more cynical people are about government and the angrier and more dispirited they are about the prospects for change, the more likely the powerful are able to maintain their power. But we believe that in order to move this country forward, to actually solve problems and make people’s lives better, we need a well-functioning government, we need our civic institutions to work. We need cooperation among people of different political persuasions. And to make that work, we have to restore our faith in democracy. We have to bring people together, not tear them apart. We need majorities in Congress and state legislatures who are serious about governing and want to bring about real change and improvements in people’s lives.

And we won’t win people over by calling them names, or dismissing entire chunks of the country as racist, or sexist, or homophobic. When I say bring people together, I mean all of our people. You know, this whole notion that has sprung up recently about Democrats need to choose between trying to appeal to the white working class voters, or voters of color, and women and LGBT Americans, that’s nonsense. I don’t buy that. I got votes from every demographic. We won by reaching out to everybody and competing everywhere and by fighting for every vote.

And that’s what we’ve got to do in this election and every election after that.

And we can’t do that if we immediately disregard what others have to say from the start because they’re not like us, because they’re not — because they’re white or they’re black or they’re men or women, or they’re gay or they’re straight; if we think that somehow there’s no way they can understand how I’m feeling, and therefore don’t have any standing to speak on certain matters because we’re only defined by certain characteristics.

That doesn’t work if you want a healthy democracy. We can’t do that if we traffic in absolutes when it comes to policy. You know, to make democracy work we have to be able to get inside the reality of people who are different, have different experiences, come from different backgrounds. We have to engage them even when it is frustrating; we have to listen to them even when we don’t like what they have to say; we have to hope that we can change their minds and we have to remain open to them changing ours.

And that doesn’t mean, by the way, abandoning our principles or caving to bad policy in the interests of maintaining some phony version of  “civility.” That seems to be, by the way, the definition of civility offered by too many Republicans: We will be polite as long as we get a hundred percent of what we want and you don’t callus out on the various ways that we’re sticking it to people. And we’ll click our tongues and issue vague statements of disappointment when the President does something outrageous, but we won’t actually do anything about it. That’s not civility. That’s abdicating your responsibilities.

But again I digress. Making democracy work means holding on to our principles, having clarity about our principles, and then having the confidence to get in the arena and have a serious debate. And it also means appreciating that progress does not happen all at once, but when you put your shoulder to the wheel, if you’re willing to fight for it, things do get better. And let me tell you something, particularly young people here. Better is good. I used to have to tell my young staff this all the time in the White House. Better is good. That’s the history of progress in this country. Not perfect. Better. The Civil Rights Act didn’t end racism, but it made things better. Social Security didn’t eliminate all poverty for seniors, but it made things better for millions of people.

Do not let people tell you the fight’s not worth it because you won’t get everything that you want. The idea that, well, you know there’s racism in America so I’m not going to bother voting. No point. That makes no sense. You can make it better. Better’s always worth fighting for. That’s how our founders expected this system of self-government to work; that through the testing of ideas and the application of reason and evidence and proof, we could sort through our difference sand nobody would get exactly what they wanted, but it would be possible to find a basis for common ground.

And that common ground exists. Maybe it’s not fashionable to say that right now. It’s hard to see it with all the nonsense in Washington, it’s hard to hear it with all the noise. But common ground exists. I have seen it.I have lived it. I know there are white people who care deeply about black people being treated unfairly. I have talked to them and loved them. And I know there are black people who care deeply about the struggles of white rural America. I’m one of them and I have a track record to prove it

I know there are evangelicals who are deeply committed to doing something about climate change. I’ve seen them do the work. I know there are conservatives who think there’s nothing compassionate about separating immigrant children from their mothers. I know there are Republicans who believe government should only perform a few minimal functions but that one of those functions should be making sure nearly 3,000 Americans don’t die in a hurricane and its aftermath.

Common ground’s out there. I see it every day. Just how people interact, how people treat each other. You see it on the ball field. You see it at work. You see it in places of worship. But to say that a common ground exists doesn’t mean it will inevitably win out. History shows the power of fear. And the closer that we get to Election Day, the more those invested in the politics of fear and division will work, will do anything to hang on to their recent gains.

Fortunately I am hopeful because out of this political darkness I am seeing a great awakening of citizenship all across the country. I cannot tell you how encouraged I’ve been by watching so many people get involved for the first time, or the first time in a long time. They’re marching and they’re organizing and they’re registering people to vote, and they’re running for office themselves. Look at this crop of Democratic candidates running for Congress and running for governor, running for the state legislature, running for district attorney, running for schoolboard. It is a movement of citizens who happen to be younger and more diverse and more female than ever before, and that’s really useful.

We need more women in charge. But we’ve got first-time candidates, we’ve got veterans of Iraq and Afghanistan, record numbers of women — Americans who previously maybe didn’t have an interest in politics as a career, but laced up their shoes and rolled up their sleeves and grabbed a clipboard because they too believe, this time’s different; this moment’s too important to sit out. And if you listen to what these candidates are talking about, in individual races across the country, you’ll find they’re not just running against something, they are running for something. They’re running to expand opportunity and they’re running to restore the honor and compassion that should be the essence of public service.

And speaking as a Democrat, that’s when the Democratic Party has always made the biggest difference in the lives of the American people, when we led with conviction and principle and bold new ideas. The antidote to a government controlled by a powerful fear, a government that divides, is a government by the organized, energized, inclusive many. That’s what this moment’s about. That has to be the answer. You cannot sit back and wait for a saviour. You can’t opt out because you don’t feel sufficiently inspired by this or that particular candidate. This is not a rock concert, this is not Coachella. You don’t need a messiah. All we need are decent, honest, hardworking people who are accountable – and who have America’s best interests at heart.

And they’ll step up and they’ll join our government and they will make things better if they have support. One election will not fix everything that needs to be fixed, but it will be a start. And you have to start it. What’s going to fix our democracy is you.

People ask me, what are you going to do for the election? No, the question is: What are you going to do? You’re the antidote. Your participation and your spirit and your determination, not just in this election but in every subsequent election, and in the days between elections.

Because in the end, the threat to our democracy doesn’t just come from Donald Trump or the current batch of Republicans in Congress or the Koch Brothers and their lobbyists, or too much compromise from Democrats, or Russian hacking. The biggest threat to our democracy is indifference. The biggest threat to our democracy is cynicism – a cynicism that’s led too many people to turn away from politics and stay home on Election Day. To all the young people who are here today, there are now more eligible voters in your generation than in any other, which means your generation now has more power than anybody to change things. If you want it, you can make sure America gets out of its current funk. If you actually care about it, you have the power to make sure we seize a brighter future. But to exercise that clout, to exercise that power, you have to show up.

In the last midterms election, in, fewer than one in five young people voted. One in five. Not two in five, or three in five. One in five. Is it any wonder this Congress doesn’t reflect your values and your priorities? Are you surprised by that?

This whole project of self- government only works if everybody’s doing their part. Don’t tell me your vote doesn’t matter. I’ve won states in the presidential election because of five, ten, twenty votes per precinct. And if you thought elections don’t matter, I hope these last two years have corrected that impression.

So if you don’t like what’s going on right now — and you shouldn’t — do not complain. Don’t hashtag. Don’t get anxious. Don’t retreat. Don’t binge on whatever it is you’re bingeing on. Don’t lose yourself in ironic detachment. Don’t put your head in the sand. Don’t boo. Vote.

Vote. If you are really concerned about how the criminal justice system treats African-Americans, the best way to protest is to vote – not just for Senators and Representatives, but for mayors and sheriffs and state legislators. Do what they just did in Philadelphia and Boston, and elect state’s attorneys and district attorneys who are looking at issues in a new light, who realize that the vast majority of law enforcement do the right thing in a really hard job, and we just need to make sure that all of them do. If you’re tired of politicians who offer nothing but “thoughts and prayers” after amass shooting, you’ve got to do what the Parkland kids are doing. Some of them aren’t even eligible to vote, yet they’re out there working to change minds and registering people, and they’re not giving up until we have a Congress that sees your lives as more important than a campaign check from the NRA.

You’ve got to vote.If you support the MeToo movement, you’re outraged by stories of sexual harassment and assault inspired by the women who shared them, you’ve got to do more than retweet a hashtag. You’ve got to vote.

Part of the reason women are more vulnerable in the workplace is because not enough women are bosses in the workplace – which is why we need to strengthen and enforce laws that protect women in the workplace not just from harassment but from discrimination in hiring and promotion, and not getting paid the same amount for doing the same work. That requires laws. Laws get passed by legislators.

You’ve got to vote. When you vote, you’ve got the power to make it easier to afford college, and harder to shoot up a school. When you vote, you’ve got the power to make sure a family keeps its health insurance; you could save somebody’s life. When you vote, you’ve got the power to make sure white nationalists don’t feel emboldened to march with their hoods off or their hoods on in Charlottesville in the middle of the day.

Thirty minutes. Thirty minutes of your time. Is democracy worth that? We have been through much darker times than these, and somehow each generation of Americans carried us through to the other side. Not by sitting around and waiting for something to happen, not by leaving it to others to do something, but by leading that movement for change themselves. And if you do that, if you get involved, and you get engaged, and you knock on some doors, and you talk with your friends, and you argue with your family members, and you change some minds, and you vote, something powerful happens.

Change happens. Hope happens. Not perfection. Not every bit of cruelty and sadness and poverty and disease suddenly stricken from the earth. There will still be problems. But with each new candidate that surprises you with a victory that you supported, a spark of hope happens. With each new law that helps a kid read or helps a homeless family find shelter or helps a veteran get the support he or she has earned, each time that happens, hope happens. With each new step we take in the direction of fairness and justice and equality and opportunity, hope spreads.

And that can be the legacy of your generation. You can be the generation that at a critical moment stood up and reminded us just how precious this experiment in democracy really is, just how powerful it can be when we fight for it, when we believe in it. I believe in you. I believe you will help lead us in the right direction. And I will be right there with you every step of the way. Thank you, Illinois. God bless. God bless this country we love. Thank you. ##

The USA Today story that provided that transcript, is linked here.

The link to the video and commentary from POTUS Trump’s speech last night, is linked below. “We Provide, You Decide.” ©.

“Growth,” “Fight on to Victory,” “One People, One Family, and One Glorious Nation Under God”

 

Bloomberg Closing Ticker for MHProNews…

NOTE: The chart below includes the Canadian stock, ECN, which purchased Triad Financial Services.

NOTE: The chart below covers a number of stocks NOT reflected in the Yahoo MHCV, shown above.

NOTE: Drew changed its name and trading symbol at the end of 2016 to Lippert (LCII).

9.7.2018DailyBusinessNewsManufacturedHousingConnectedMarketReportsBloombergMHProNews

Berkshire Hathaway is the parent company to Clayton Homes21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers.

LCI Industries, Patrick, UFPI and LP all supply manufactured housing.

AMG, CG and TAVFX have investments in manufactured housing related businesses.

Your link to industry praise for our coverage, is found here.

For the examples of our kudos linked above…plus well over 1,000 positive, public comments, we say – “Thank You for your vote of confidence.”

SoheylaKovachDailyBusinessNewsMHProNewsMHLivingNewsWe Provide, You Decide.” © ## (News, analysis and commentary.)

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

Submitted by Soheyla Kovach to the Daily Business News for MHProNews.com.

Facebook Recent Big Hit, More Trouble Ahead? Plus, MH Market Updates

September 6th, 2018 Comments off

The Daily Business News on MHProNews has noted several times of the importance that CNNmoney7.6.2018ManufacturedHomeStocksMarketsReportsMHProNewsFacebook has for marketers, and others in the industry. More hearings on Capitol Hill, plus impact of the stock on the markets. It’s a technical, traders look, and will be our featured report for this evening.

If you’re new, already hooked on our new spotlight feature – or are ready to get the MH professional fever – our headline reports are found further below, just beyond the Manufactured Housing Composite Value for today.

 

The evolving Daily Business News market report sets the manufactured home industry’s stocks in the broader context of the overall markets.

Part of this unique feature provides headlines – from both sides of the left-right media divide – that saves readers time, while underscoring topics that may be moving investors, which in turn move the markets.

Readers say this is also a useful quick-review tool that saves researchers time in getting a handle of the manufactured housing industry, through the lens of publicly-traded stocks connected with the manufactured home industry.

MH “Industry News, Tips and Views, Pros Can Use.” ©

ICYMI – for those not familiar with the “Full Measure,” ‘left-right’ media chart, please click here. 

Selected headlines and bullets from CNN Money:

  • Twitter bans Alex Jones and InfoWars
  • The NFL kicks off tonight. Will its ratings take another hit this season?
  • Amazon is 20,000 vans closer to replacing the post office
  • CBS reportedly negotiating exit for CEO Les Moonves
  • New job not working out? Your employer may pay you to leave
  • Emerging markets look sick. Will they infect Wall Street?
  • Amway co-founder Richard DeVos dies at 92
  • IBM is betting big on blockchain technology. Is it worth the risk?
  • New York Times rivals react to explosive anonymous op-ed
  • Barnes & Noble is in big trouble in more than one way
  • Why Wall Street shouldn’t worry about the trade war
  • Uber’s new tool detects unexpected stops and suspected car crashes
  • Curbing carbon emissions could boost the economy way more than doing nothing
  • PepsiCo is launching an accelerator program
  • Senators blast Google for no-show on Capitol Hill
  • The story behind the New York Times’ anonymous op-ed blasting Trump
  • Trump says the NYT should hand over its source. That’s preposterous
  • Nike will run a Colin Kaepernick ad during the NFL season opener
  • Lyft launches a scooter service. Uber is close behind
  • Papa John’s exec abruptly steps down
  • Bernie Sanders’ ‘Stop BEZOS’ bill targets worker pay at Amazon and Walmart
  • What Ellen DeGeneres means to Walmart
  • Amazon’s joined Apple in the trillion dollar club. Up next? $2 trillion
  • Amazon will now let Indians shop in Hindi
  • Jeff Bezos donates $10 million to group that helps veterans get elected
  • Siemens warns of dangers of xenophobia after violent protests in Germany
  • A North Dakota golf course is dropping burgers from a drone
  • NFL could pocket billions from the coming boom in sports gambling
  • Find out your colleague makes more? Try this
  • Do eye contact or weird looks count as discrimination?
  • How power changes the CEO brain
  • Silicon Valley startup Theranos is shutting down for good
  • Caver’s lawyer: Musk’s accusations ‘vile and false’
  • Amazon becomes America’s second $1 trillion company
  • Being rude can get you kicked off Uber in Australia
  • com CEO was arrested on suspicion of rape
  • How Richard Liu built JD.com into a $45 billion tech giant
  • Former Facebook exec: America is under attack

Selected headlines and bullets from Fox Business:

  • What aerial photos can tell us about Tesla’s sales
  • CBS board discussing Moonves exit, a clearer way for a sale
  • August jobs report: Have we maxed out employment creation?
  • Stocks mixed as traders digest economic data, eye trade developments
  • Americans should consider retiring in these countries
  • The fuzzy math behind California’s renewable energy push
  • This is how Texas plans to kill ObamaCare
  • Starbucks’ first store in Italy will serve pizza and gelato
  • The pitfalls of early retirement that no one is telling you
  • Pizza Hut ready for NFL kickoff after Papa John’s fumble
  • Ford recalls 2 million F-150 pickups over seat belt fire concerns
  • Former Starbucks CEO continues to hint at future in politics
  • Hall of Famer Rick Pitino angry over FBI probe, NCAA decision
  • Everything you should know about the second round of tax cuts
  • Want to travel to an NFL game this weekend? Here are the best deals
  • Wells Fargo banking unit probed for employee fraud: Report
  • ‘Run for the Cure’: Susan G. Komen CEO Linda Tantawi
  • Thousands of flooded cars are refurbished and sold: Here’s how to avoid that trap
  • NFL thriving despite Colin Kaepernick: Tiki Barber
  • 4 tips on making the most money selling your home
  • JetBlue increases fees for checked bags
  • Used-car price index hits record high
  • Richard DeVos, Amway co-founder and Orlando Magic owner, dead at 92
  • CBS board discussing Moonves exit, a clearer way for a sale
  • Richard DeVos, Amway co-founder and Orlando Magic owner, dead at 92
  • NFL thriving despite Colin Kaepernick: Tiki Barber
  • Ford recalls 2M pickup trucks; seat belts can cause fires
  • Stumpy’s Hatchet House: How to throw a hatchet
  • From tennis court to boardroom: How Maria Sharapova does business
  • America’s Best 401(k) adds Salesforce CEO, M13 founder to board of directors
  • For many young investors, the stock market’s only gone up
  • Record number of 401(K) millionaires

 

Today’s markets and stocks, at the closing bell…

9MarketIndicatorsYahooFinance7.6.2018DailyBusinessNeawsManufacturedHousingIndustryStocksMarketsReportsDataMHProNews 

Manufactured Housing Composite Value (MHCV)

YahooFinanceManufacturedHousingCompValue7.6.2018DailyBusinessNewsStocksMarketsDataReportsMHProNews

 

Today’s Big Movers

For all the scores and highlights on tracked manufactured home connected stocks today, see thBloomberg graphic, posted below.

Today’s MH Market Spotlight Report –

FacebookBigHitTroubleAheadMarketsDailyBusinessNewsMHProNews

Todd Gordon, founder of TradingAnalysis, talks about an opportunity in the sell-off of Facebook that is underway. The stock is certainly “technically damaged,” Gordon said today on CNBC’s Trading Nation.

I see no reason that we shouldn’t be able to go back and retest the $150 mark, which was the old low here from April of 2018. There’s a lot of momentum here,” Gordon said, implying an 8 percent drop from the stock’s current levels.

There’s also the September before the midterms.  This is a month that often has headwinds, as investors try to read the tea leaves as to what the political winds will bring.

A recent report on the tech giants is linked below.

Tucker’s “Tech Tyranny,” Luther Lowe-SVP Public Policy@Yelp, Author Scott Clelan, “Should Government Intervene?”

 

Bloomberg Closing Ticker for MHProNews…

NOTE: The chart below includes the Canadian stock, ECN, which purchased Triad Financial Services.

NOTE: The chart below covers a number of stocks NOT reflected in the Yahoo MHCV, shown above.

NOTE: Drew changed its name and trading symbol at the end of 2016 to Lippert (LCII).

7.6.2018DailyBusinessNewsManufacturedHousingConnectedMarketReportsBloombergMHProNews

Berkshire Hathaway is the parent company to Clayton Homes21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers.

LCI Industries, Patrick, UFPI and LP all supply manufactured housing.

AMG, CG and TAVFX have investments in manufactured housing related businesses.

Your link to industry praise for our coverage, is found here.

For the examples of our kudos linked above…plus well over 1,000 positive, public comments, we say – “Thank You for your vote of confidence.”

SoheylaKovachDailyBusinessNewsMHProNewsMHLivingNewsWe Provide, You Decide.” © ## (News, analysis and commentary.)

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

Submitted by Soheyla Kovach to the Daily Business News for MHProNews.com.

 

NDAs, Warren Buffett, Richard ‘Dick’ Jennison, Manufactured Housing Institute (MHI), and MHVille

September 5th, 2018 Comments off

 

WarrenBuffettRichardDickJennisonPhotoManufacturedHousingInstituteMHILogoNDAgreementDailyBusinessNEwsMHProNews600

Warren Buffett, left. Non-disclosure Agreement (NDA) center. Richard ‘Dick’ Jennison, right. 

You can fool all the people some of the time,
and some of the people all the time,
but you cannot fool all the people all the time
.”
–  Abraham Lincoln

 

Fool me once, shame on you.
Fool me twice, shame on me
.”
– George Horne, according to Quora.

  

People who have a vested interest are feeding the journalist confirmatory material all along the line.” – Warren Buffett, quoted in Medium.

We can afford to lose money — even a lot of money. But we can’t afford to lose reputation — even a shred of reputation…We must continue to measure every act against not only what is legal but also what we would be happy to have written about on the front page of a national newspaper in an article written by an unfriendly but intelligent reporter.”- Warren Buffett, quoted in Business Insider.

 

Controlling the narrative is something Warren Buffett and every serious political or business operative in America wants to do whenever possible.

One only has to look at how much Buffett speaks to the media, and owns or influences media via the giant conglomerate he leads, named Berkshire Hathaway.

Warren Buffett Strikes Deal with Lee to Manage Berkshire Units, plus MH Market Updates

The battle over controlling the narrative about manufactured housing is something that has been occurring inside and outside of the MH industry for decades.

But arguably no one before Berkshire Chairman Buffett, or Vice-Chair Charlie Munger, have had the depth of media connections, ownership, savvy, and influence they do.

 

Flashback to the late Howard Walker

Equity LifeStyle Properties (ELS) Vice-Chair, and then Manufactured Housing Institute (MHI) Executive Committee Treasurer, Howard Walker was previously reported by the Daily Business News on MHProNews to have encouraged MHI President and CEO Richard ‘Dick’ Jennison as follows.

HowardWalkerManufacturedHousingInstituteNathanSmithRichardJennisonPresidentManufacturedHomeIndustryDailyBusinessNewsMHProNews598

Nathan Smith was then MHI chairman at the time of this message from ELS Vice-Chairman, and MHI Treasurer, Howard Walker. Richard ‘Dick’ Jennison was and is the President and CEO of the Manufactured Housing Institute (MHI). L. A. ‘Tony’ Kovach is the publisher and co-founder of MHProNews.com and MHLivingNews.com.

 

What until now has largely unknown by the bulk of the industry is this message from Jennison to MHProNews publisher, L.A. ‘Tony’ Kovach. That was later followed up with the NDA from MHI general counsel, Rick Robinson, JD.

RevisedNDAemailRickRobisonDickJennisonManufacturedHousingInstituteMHIlogoDailyBusinessNewsMHProNews600

MHProNews could produce other such messages, which MHI would have too. So it is unlikely that they will deny the obvious, namely, that they wanted to buy MHProNews. Isn’t the logic of that they wanted to control or own the MH Industry’s most popular trade media? 

 

NDA’s and MHI

Note that both Walker and Berkshire brand MH lender 21st Mortgage Corp President and CEO Tim Williams both praised MHProNews before and after that spring of 2014 time frame.

  • Jennison said he wanted MHI to buy MHProNews.
  • Walker, himself an attorney, participated in a discussion that advocated a formal, transparent relationship. See the image captured, above.
  • MHProNews’ publisher, L. A. ‘Tony’ Kovach, was covered by a non-disclosure agreement (NDA) at the time, which MHI requested by Jennison and MHI VP and General Counsel, Rick Robinson.
  • Due to the NDA, Kovach was unable for years to discuss this matter in any form or fashion.
NEW-LEGACY-SeptShowAdDailyBUsinessNewsMHProNews

Notice: the sponsor’s ad is not connected to or related with the story it is posted in. To see the sponsored content, click here

But the Timeframe Covered by that NDA has now Passed…

Sources with MHI and past MHI VPs tell MHProNews that there’s a “wide use” of NDAs by the Arlington, VA based trade association.

NDAs are clearly a way to control people, who might otherwise communicate on an issue or topic.  That in turn controls a narrative.

Kevin Clayton, President and CEO of Clayton Homes in the video and report linked below, mentions how they like to work with nonprofits.  MHI is a nonprofit, one of several they work with. That statement by Clayton is an important revelation, one of several made in that nearly hour long interview video.

The Daily Business News has been reporting on how voices that span the left-right divide have said the high degree of control that American news media outlets are controlled by a handful of conglomerates.

90PercentOfMediaInHandsof6CorporationsDailyBusinessNewsMHProNews

“Shadows of Liberty” Movie Introduction, Affordable Housing, and You

DeepaKumarQuoteGiantMediaCorpLikeTimWarnerandNewsCoprDisneySoForthTheyGetToDecidWhatIsNews

Deepa Kumar quote from the thought-provoking video documentary, Shadows of Liberty, posted on the linked page above.

That’s not to say that all news is alike.

TheseLargeConglomerateCompaniesDecideOnTheirownandForTheirOwnPurposesTheNewsWeSeeandHearDanRatherQuoteFormerCBSNewsPhotoTwitterDailyBusinessNewsMHProNews

Dan Rather quote from  the compelling video, Shadows of Liberty, posted on the linked page above.

It is to say, as various experts previously cited have explained, that those few media conglomerates decide what makes the news, and what doesn’t.

ThomasSowellQuoteIfPeopleInMediaCannotDecideWhetherTheyAreInNewsReportingbusinessorManufacturingPropagandaMoreImportantForPublicchoseNewssourcesAccordingly

That’s why Thomas Sowell, Ph.D., says it’s important to select your news sources carefully.

FunctionofEducationTeachThinkIntensivelyThinkCriticallyIntelligencePlusCharacteTrueGoalofEducationDrMartinLutherKingJrDailyBuisnessNewsMHProNews

It’s perhaps also why Martin Luther King, Jr. – who himself experienced harsh, as well as favorable media coverage, in his time – said the purpose of education is to think critically.

KnowledgeIsNoGuaranteeofGoodBehaviorButIgnoranceisaVirtualGuaranteeofBadBehavior-MarthCNussbaumPhDQuotePhotoManufacturedHousingIndustryProNews550x315

It’s not important at this moment why the parent company of MHProNews did not sell out to MHI. That will be explored in a future report.

TimWilliams21stMortgagePublicationDailyBusinessNewsMHProNewsMHLivingNews

To see the full on-the-record statement by Williams to MHProNews, click here.

What is important is that MHI initiated a move to buy MHProNews.

 

Recap

Recapping the facts in evidence: MHI, and senior people with MHI, saw the value of owning and/or controlling the most read news read by MH industry professionals.

It must be noted that before and since that time,

  • MHProNews continued to publish MHARR news, not just MHI news,
  • and that editorially, MHProNews supported MHARR on some issues, and MHI, state associations, along with numerous other sources.

And Williams himself said that we strive for balance.

 

TimWilliamsWeAllMakeMistakesTonyCorrectedErrorsDailyBusinessNewsMHProNews

That was 2015.  Williams knows that more recently, MHProNews has often asked him, MHI, officials at Clayton, et al, for comments on issues related to alleged efforts to monopolize – as much as possible -both messaging to industry professionals, and consolidate industry itself. The method for that is found in the link below. They’ve not disputed the documents, some signed by Williams, nor the analysis.

Warren Buffett Would be Okay With Clayton Homes Losing Money, Says Kevin Clayton – But Why?

 

Fool Me Once…

Our publisher says, “There are times I ponder the quote,Fool me once, shame on you [meaning, the person that pulled the underhanded trick]. But fool me twice, shame on me [meaning, for falling for the same trick again].”

Publisher L. A. ‘Tony’ Kovach says that now MHVillage Co-President Darren Krolewski approached him at the Louisville Show a couple of shows ago. “Would you consider selling out?” – Krolewski asked Tony Kovach.

The conversion took place on the Louisville show floor, and covered other topics. Our publisher made no direct comment on Krolewski’s question. But only a few minutes after the conversation ended, Krolewski and MHI President and CEO Jennison were seen on the show floor talking.

MHInsiderManufacturedHousingINdustryDailyBusinessNewsMHProNewsIt’s obvious that MHI and the powers that be associated with them want to control the narrative within the industry,” Kovach said. “They support those in MHVille bloggers and publishers – like MHVillage owned MHInsider – who will publicly support MHI, that’s what the open evidence reflects. It is equally obvious that MHVille professionals largely aren’t buying the arguable propaganda’ that MHInsider and others are putting out (see photo, taken on the final day of the Tunica show).”

We focus on what sources with apparent knowledge tell us, we follow the money, the evidence, and use common sense. We then line up what people say, and compare it with what they in fact do,” said Kovach.” “We give MHI, the key Berkshire brands in MH, and others the opportunity to comment, clarify, deny, or whatever.”

It’s also worth noting obvious connections. Using our “wheat and chaff” methodology, we are less concerned with the source – be it left, right, or neutral – than the evidence and logic of the source. Some sources can be correct on a given topic, yet may be wildly inaccurate on others.

ManufacturedHousingAssocRegulatoryReformJOINMHARRbani-200x200

Click here or the above to learn more, which is not connected to this report.

Buffett’s Concerns Over Journalism

Buffett has expressed concerns over journalism and journalists, but still believes there’s value in journalism.

The smarter the journalists are, the better off society is. For to a degree, people read the press to inform themselves – and the better the teacher, the better the student body.” – Warren Buffett, per BrainyQuote.

Buffett addresses journalists routinely, but they are often ‘friendly’ sources. He owns numerous media outlet, starting with the newspaper based in Berkshire’s capital city, Omaha. Isn’t it all a part of controlling the narrative?

Why did Buffett himself defend Clayton, their lenders, or Wells Fargo when they were under mainstream media attack? Why didn’t he defend and promote the good name of manufactured housing industry in the same fashion?

MHI’s Jennison may have supplied the answer. He said the industry needed to grow slowly. Why?

Why should MH grow slowly, when there’s an affordable housing crisis? Why should MH have fallen so far behind the RV industry? Why did RVs recover more quickly than MH?

KennyLipschutzQuotePoorJobOfLobbyinginMHIndustry-postedMHProNews48thMHINCClist

EricBelksyManufacturedHousingIndustryManufacuredHomeManufacturedHousingInstituteResearchDataAffordbleHousingMHProNewsDailyBuisnessNews575

Why did Belsky miss his predicted date? Because it came before Buffett’s entry into MH? See Smoking Gun 3

 

It’s In Plain Sight

The best place to hide is often in plain sight.

But hiding in plain sight doesn’t discount the possibility that Berkshire – while allowing other forces to press on the industry through regulations, zoning, media, and other means – may have used MHI in ways that violated antitrust guidelines that MHI themselves have published. See that MHI document, linked here.

As of this date, after repeated requests to MHI and executives with various Berkshire brands operating in MHVille, readers should note that they’ve offered no alternative explanation or defense to these allegations and documented concerns.

Rather, they and their apparently rewarded surrogates do cheer leading, perhaps hoping to continue to distract the industry, even as they’ve demonstrably worked to consolidate the industry.

Now you know why an executive told the Daily Business News, “Tony, if MHProNews is writing about it, I want to know about it.”

That executive isn’t alone, as LinkedIn reports a record number of profile views of our publisher.

LinkedInPremium442ProfileViewsDailyBusinessNewsMHproNEws

NOTICE: MHProNews thanks all those who reached out during the month of August to congratulate this publication for our anniversary last month, as well as to all those who asked to connect, or who sent private tips and comments.

Third-party statistics, including those by Webalizer, says our readership is up some 250% in a year. As an advertiser recently said, “Tony, I don’t think [that most] understand the power and reach of your platform[s].”

Doesn’t that sounds like the kind of compliments that Tim Williams and Howard Walker publicly shared about MHProNews and MHLivingNews, months after the events noted above?

  • NDA’s,
  • prodding,
  • and buying influence among MHVille industry commentaries

are among the apparent modus operandi of MHI and their ‘big boys’ that seek to profitability consolidate – at bargain/depressed rates – because the industry has been kept at historically low sales and production levels.

SoTheAssociationMHIIsNotThereFortheIndustryUnlesstheinterestsoftheBigBoysJointheIndustry'sMartyLavinMHIAwardWinnerQuoteMHProNews

MHProNews looks at the facts, considers the sources, and follows the evidence. Earlier last year, and for years before, MHI routinely replied promptly to all inquiries. But since we’ve spotlighted the problems and concerns, they’ve gone silent. Why? If the facts are on their side, why not make offer a cogent explanation?

The facts, and evidence are compelling, aren’t they?

FollowThe MoneyPayMoreAttentionToWhatPeopleDothanwhatTheySaySpySea72MartyLavinYachtManufacturedHousingINdustryProMHProNews

See the related reports, further below. “We Provide, You Decide.” © ## (News, analysis, and commentary.)

(Third party images and content are provided under fair use guidelines.)

1) To sign up in seconds for our MH Industry leading emailed news updates, click here.

ManufacturedHomeIndustry#1HeadlineNewsMHProNews

To see a sample of our emailed news update, click here. To sign up for the factory-built home industry’s #1 headline news, click here or the graphic above.

2) To provide a News Tips and/or Commentary, click the link to the left. Please note if comments are on-or-off the record, thank you.

3) Marketing, Web, Video, Consulting, Recruiting and Training Resources

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.

Related Reports:

“Thou Shall Not Steal,” $2 Trillion Annually Lost to Lack of Affordable Homes, Making the Manufactured Home Case

Smoking Gun 3 – Warren Buffett, Kevin Clayton, Clayton Homes, 21st Mortgage Corp Tim Williams – Manufactured Home Lending, Sales Grab?

Follow the Money – Surprising, Inconvenient Truths Impact Manufactured Housing, U.S. Economy, and More

Warren Buffett Would be Okay With Clayton Homes Losing Money, Says Kevin Clayton – But Why?

August 17th, 2018 Comments off

 

WarrenBuffettWouldBeOkaywithClaytonHomesLosingMoneySaysKevinClaytonBtwhyDailyBusinessNewsMHProNews

Kevin Clayton said that headline in his own words, as the video interview of him posted below demonstrates. But how does Clayton’s statement even make sense? Why would he say such a thing? To understand the answer, and before we get to the video where he said that, various related points need to be understood.

 

HUD Secretary Ben Carson was correct when he said in Senate testimony earlier this year that modern manufactured homes are “amazing.” The linked reports that follow can be read later for more depth, or to document a quote.

HUD Secretary Ben Carson Tells Senators, Today’s Manufactured Homes “Amazing” Quality and Value

While the surprising quality of manufactured homes might have been a fairly recent revelation to Secretary Carson, a number of serious researchers have known that for decades. The Daily Business News on MHProNews has painstakingly documented several university-level or nonprofit reports that date back some two decades. One of those is linked below.

“Why Advocates Need to Rethink Manufactured Home Quality,” Harvard, GSE, Genz, “High Satisfaction”

What those researchers had in common with HUD Secretary Carson is their own variation on Carson’s statement, that today’s manufactured homes are an “amazing” value.

Bloomberg is the most recent to spotlight what to most are the pleasant surprises to be discovered in modern manufactured homes.

Bloomberg “New Home for $90,000? Manufactured Housing Is Making a Comeback” Reveals MH Media Challenge

Which begs the question. Given the long-growing affordable housing crisis, why then are manufactured homes a shadow of their former sales levels?

Bloomberg and others are far from alone in their positive impressions. Perhaps the most through contemporary study of manufactured home facts by a third party to the industry has been by Scholastica ‘Gay’ Cororaton, Certified Business Economist (CBE) for the National Association of Realtors (NAR).

CompareMobileHomeTrailersPastManufacturedHomesSaferMoreDurableQuoteScholasticiaGayCororationPhotoSmallPercentageDamagedDuringHUrricanesMHProNews

Cororaton more recently pointed to federal and state post-hurricane data that proved just how tough modern manufactured homes are.

ScholasticaGayCororatonPhotoLinkedinNationalAssocRealtorsManufacturedHomesHurricaneWindstromDamageDailyBusinessNewsMHProNews

See her full report, linked here, which includes a fascinating look at manufactured home affordability, and the topic of appreciation. A more details, separate report on that is planned by MHProNews. Watch for it, or sign up for our x2 weekly emailed headline news updates, linked here. A National Weather Service expert provided an even more eye-opening revelation to MHLivingNews, see that exclusive, linked here.

She demonstrated that manufactured homes can be a good investment, a point that Florida Atlantic University (FAU) Professor Ken Johnson made to MHLivingNews last year. 

While local papers routinely have news of old mobile homes that burn, what those locals may not realize is that a pre-HUD Code mobile home is far more at risk than a manufactured home. That link is to National Fire Prevention Association (NFPA) research, that says that manufactured homes are on par with the safety of conventional housing. It’s one of several reasons why the terminology matters.

TerminologyMattersBecausetheTerminologyDescribestheConstructionStandardsHomeBuiltToSteveDukeLMHAaMHLivingNewsMHProNewsBiggerPocketsSunshineHomesRedBayAL

Manufactured housing” isn’t a marketing moniker.

Rather, “manufactured home” is a legal distinction, defined and established by federal law. That law is commonly known as the HUD Code for manufactured housing. A home that sports the red HUD label – a small metal plate affixed to the back end of each single or multi-section dwelling – was built on or after June 15, 1976. 

RedHUDCodeMetalLabel=ManufacturedHomeNOTMobileHomeNOTTinyHouseNOTrv-CreditsManufactruredHomeLivingNewsDailyBusinessNewsMHProNews

Before that date, there were mobile homes. After 6-15-1976, there have been no more mobile homes

Manufactured homes are proof that federal construction, energy, durability, and safety standards can work. Those standards are supposed to preempt local codes. So why has HUD avoided enforcing that for so many years?

Two Great Laws Already on the Books NOW,  Can Unlock Billion$ Annually for Manufactured Housing Industry Businesse$, Investor$

Summed up, many of the things that may have been true 42 or more years ago about mobile homes or the trailer houses before them, are no longer true about manufactured homes today. The video interview linked here walks a newcomer or searcher through the various eras of factory-built homes.

FactoryHousingEvolution101TrailerHouseMobileHomeManufacturedHome-768x601

Learn more, linked here.  

Contemporary manufactured homes are stronger, safer, greener, more energy saving, arguably will last longer, and are still just half the price of building new conventional housing, per US Census Bureau data.

 

Fresh Facts, Figures, Future of Affordable Housing -Comparisons- Conventional Site-Built v Mobile/Manufactured Home Industry Data

They are the most proven form of affordable housing. 

MobileManufacturedHomeManufacturedHousingIndustryFactsDataResearch

Some key manufactured home industry facts at a glance.

So, what explains the tragic decline of manufactured housing since its last peak of 1998?

Some point to flawed, unsustainable lending in the mid-to-late 1990s, as Triad Financial’s Don Glisson Jr. told Bloomberg.

But Harvard’s Eric Belsky knew about that manufactured home lending meltdown. He still predicted that because of the superior value proposition, and the growing need for affordable homes, that manufactured homes would surpass conventional housing by 2010.

 

MultipleReasonsExpectManufacturedHousingDoBetterThanSiteBuiltHousingEricBelskyEecDirJointCenterHousingStudiesHarvardUnivDailyBusinessNewsMHProNews

At the time Belsky made this prediction, manufactured homes were selling over 250,000 new units per year. This year, MH might reach 40% of that total. What happened? 

Belsky was proved wrong. But why?

Could he be because he didn’t count on the entry of Warren Buffett’s Berkshire Hathaway into the space, and thus Belsky could not have known of the disruptive effect Buffett’s “strategic Moat” would have on the industry? 

Here is the summary of a possible, evidence-based answer to that $64 billion dollar question. 

1)    Consider the documents from 21st Mortgage Corporation, signed by Tim Williams, their president and CEO, that cut off lending to independents, which pushed them toward Clayton brands.

2)    Direct quotes from Warren Buffett’s annual letter of that era, which contradicts claims made by Willams that they were being ‘forced’ by circumstances to do those letters. 

3)    The video interview with Kevin Clayton, President and CEO of Clayton Homes, who said on video that they had ‘plenty of money,’ so the answer to that question begins to comes into focus.

4)    It can be summed up by Warren Buffett’s own words. They are the words Kevin Clayton repeatedly mentions in the annotated video below.

5)    Buffett was willing to lose money on Clayton Homes for years, says Kevin, so long as their competitive Moat was made bigger and broader. In fact, they did not find that necessary.  But it is worth noting that they have closed roughly 100 sales centers, per Kevin’s own statement, since that video was made. Sources in Clayton said to MHProNews that a significant portion of their sales centers were not profitable. So, while the company has been profitable, they were willing to lose money at specific locations, at least for a period of time.

6)    Want evidence that neither Clayton nor MHI has publicly disputed? See the video, documents, and linked articles below. 

7) Note that firebrand Frank Rolfe has blasted MHI for their failure to defend the industry, or to promote good news. Rolfe is a prominent MHI member. A formal statement by an MHI SVP made it clear that they were pursuing ‘regulatory reforms’ that they didn’t expect to achieve, see that, linked here.  More recently, the successor to that SVP told the Washington Post that MHI did not try to mitigate the harm being done by Pam Danner, who was overreaching on regulations at HUD, even though the industry was clamoring for it. By contrast, per that same Washington Post report, MHARR pushed back, and finally achieve Danner’s removal.

8) The allegations can be summed up like this. By deliberate action, and/or inaction, the industry was allowed to contract. The result was the Clayton’s market share grew rapidly. It fits the Buffett “strategic Moat.” Once the powers-that-be decide that the industry should ‘recover,’ they are then poised to profit handsomely. Market manipulation, hiding in plain sight.  Besides the headline quote from Kevin, notice in the video below that he says that the industry was ready then to do an image/education campaign.  Years later, they are only now getting underway.  While they delayed, there’s been even more contraction and consolidation. 

 

21stMortgageCorpLogoLetterheadJan302009TimWilliamsRetailersBrokersCutSpecifiedLendingMonopolisticPloyConcernManufacturedHomeDailyBusinessNewsMHProNews

This document was provided as a news tip to MHProNews. There’s another similar to it, with a different date, also signed by 21st President and CEO, Tim Williams.  Williams served several years as MHI’s Chairman.

 

 

  ClaytonHomesOakwoodHomesBerkshireHathawayMarketShareofManufacturedHousingEndof2003DailyBuisnessNewsMHanufacturedHousingIndustryProNews

ClaytonHomesSkylineChampionCavcoIndustriesBalanceofIndustryManufacturedHousingIndustryConsolidationGraphicPieChartMHProNews

Graphic by MHProNews, using information provided by each corporation, or named entities.

 

Do Facts Support the Contention?

The tragedy of the relatively low state of manufactured housing can’t be understood without context.

And it is a tragedy, because arguably millions of lives have been adversely impacted, and trillions of dollars annually to the U.S. economy have been lost as a result. That $2 trillion dollar data point is from other university level economists, see that report, linked below.

“Thou Shall Not Steal,” $2 Trillion Annually Lost to Lack of Affordable Homes, Making the Manufactured Home Case

 

This is why as time permits, MHProNews and others in MHVille have been periodically exploring with specialized class action contingency law firms an antitrust case.1

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

It may also explain why the feds are scrutinizing specific players in the Manufactured Housing Industry.  A leading congressional Democrat and her colleagues called Clayton “a near monopoly,” and called on federal officials to investigate.

Seattle Times -Federal Investigations-Berkshire Hathaway’s Clayton Homes, GuruFocus Spotlights Buffett’s Clayton’s “Unethical,” Monopolistic Moat

MHProNews has repeatedly offered Berkshire Hathaway brands in the industry a chance to comment, clarify, or refute these concerns. They decline. Ditto the Manufactured Housing Institute (MHI) that Berkshire is believed to dominate. MHI have declined to discuss or debate the matter. Under our system of justice, they are deemed innocent until proven guilty in a court of law, by a plea deal, or other legal arrangement(s). 

The late Howard Walker said he believed in transparency. Where is that evident from MHI or Berkshire?

Howard Walker, Mensch – Equity LifeStyle Properties (ELS), Manufactured Homes Retrospective

 

Lessons from RVs to MH?

The RV Industry sells units to people who use them for recreational purposes, as their name implies. Certainly, thousands of RVs annually are sold to those who plan to live in them full time.  Whatever the intent of the buyers, the graphic below charts what has happened in that industry.

WinnebagoRVWholesaleshipmentDataManufacturedHousingIndustryDailyBusinessNewsMHProNews

RV Shipment Data, linked here, compared to MH Shipment data. 

Compare that to this following manufactured housing shipment chart from the NAR’s Cororaton.

 

Figure1MobileManufacturedHomeSalesSHipmentsVsExistingingNewHouseSalesManufacturedHousingiinudstryDataMHProNews

There are a growing number of industry voices that believe that BH/CMH and MHI have by various action/inaction has kept manufactured home sales at historically low levels. Evidence? See Related Reports and videos, linked herein and below, which quotes and cites BH, MHI, CMH, 21st Mortgage Corp, and other sources.

 

RVs are more costly per square foot than a manufactured home. Housing is a necessity. So why have RVs outsold MH?

 KennyLipschutzQuotePoorJobOfLobbyinginMHIndustry-postedMHProNews48thMHINCClist

 

CreditIsTheLifeBloodOfHousingEricBelskyHarvardDailyBusinessNewsManufacturedHousingIndustryMHProNews

It’s a statement that most every manufactured home retail or community professional who experienced the slide from 1998 to 2008 know all too well. Cut off credit, as 21st’s letter tells independent retailers they will to do those who don’t buy certain Clayton product, and businesses are killed off. See “They Think They Own Us

 

 

Simple, Yet Details Needed

The sad story of manufactured housing’s allegedly manipulated decline is both simple, and complex. But the truth is hiding in plain sight, for anyone prepared to study the matter. 

Why would Buffett allow the industry to slide so low? Arguably, because he likes a bargain. He’s said so repeatedly.

Buffett also stressed “the Moat,” as has Kevin Clayton.

 

WarrenBuffettTheMoatQuoteMemeManufacturedHousingIndustryDailyBusinessNEwsMHProNEws

Buffett’s sharks arguably included cutting off credit, as 21st did, to independents. See Smoking Gun 3, at this link, where Buffett’s own words are put in context.  

They can attempt now to distract away from their own words, and related concerns.  

Some go along out of fear of what could happen to them.

 

 

They can certainly mount a defense to those allegations. So why have they tried distracting instead?  Why create a new class of homes, when manufactured homes are already praised?

MHI Lender Shakes Up DTS and MLO Rule Discussions

Isn’t the new class of homes just another sidestep? Another razzle dazzle distraction? 

Why wouldn’t MHI defend the industry’s good name and reputation and regulatory struggles for so long?  It took years of mounting pressure from MHARR and/or MHProNews, plus others to get MHI to do the what they say they’re supposed to do, why?

Wasn’t it to help big “consolidators” that are there more powerful members?

‘Tip of Iceberg’ – Rick Rand; Marty Lavin, Communities have ‘No Confidence’ in Manufactured Housing Institute, New National Trade Group Announced

Doesn’t their otherwise inexplicable behavior becomes clear in the light of these insights?

FollowThe MoneyPayMoreAttentionToWhatPeopleDothanwhatTheySaySpySea72MartyLavinYachtManufacturedHousingINdustryProMHProNews 

 

The principal of Occam’s Razor says that once the facts are known, the apparent explanation is the likely one. There may be more evidence developing. But is any more evidence actually needed? Don’t we have Kevin Clayton, on video, saying how it’s done? Doesn’t that fit Warren Buffett’s own words, and Tim Williams direct action?

The “System is Rigged.” So said manufactured housing advocate, Rev. Donald Tye Jr. That’s what logic, evidence, and the words of Kevin Clayton, Tim Williams, and Warren Buffet arguably point to, once the facts and evidence are examined.

 

SoTheAssociationMHIIsNotThereFortheIndustryUnlesstheinterestsoftheBigBoysJointheIndustry'sMartyLavinMHIAwardWinnerQuoteMHProNews

Learn more, click here.  

Given the history and evidence, is there any reason to think that Berkshire brands and their allies won’t continue along the same path? What would that mean to independent businesses, consumers, and taxpayers?  

There are people in mainstream media, plus others in regulatory and legal fields, researching these concerns.  

These aren’t partisan questions or issues. Rather, They are questions of right, wrong, and justice. “We Provide, You Decide.” © ## (News, analysis and commentary.)

Footnote 1. There are already attorneys who have reviewed the material, and find it interesting, meritorious or even compelling. It is the most suitable firm that is being sought, a standard that those involved understand as the most likely to carry a case to a successful conclusion. To date, no attorney we’ve spoken with that’s reviewed the most important materials have said, ‘there is no case here.’ In short, there is good reason to believe that the evidence speaks for itself, and points to valid antitrust issues.

(Third party images, content are provided under fair use guidelines.)

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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.

 

Related Reports:

“Work With Us Or Die,” Threat from Facebook’s Brown, per SUN Report

Kevin Clayton, Leslie Gooch Sound-off; Left & Right Agree? Manufactured Homeland, MHI, & You

“Fixing Our Industry’s Terrible” Public Relations, a Proven Strategy

 

FEDs, MHI, Buffett’s Berkshire’s Clayton Homes Moat, Affordable Housing, and Billion$ in Manufactured Home Market Manipulation

 

“Thou Shall Not Steal,” $2 Trillion Annually Lost to Lack of Affordable Homes, Making the Manufactured Home Case

August 4th, 2018 Comments off


ThouShallNotsteal$2TrillionAnnuallyLostLackofAffordableHomesMakingManufacturedHomeCase

After years of arguably failed polite talk, perhaps more direct and blunt words are needed.

 

The logic of research economists Chang-Tai Hsieh and Enrico Moretti is that improper land use policies are costing the nation some $2 trillion dollars a year.

Past25YearsHousingConstraintsChangTaiHsiehUChicagoEnricoMorettiUCBerkely

See the Daily Business News report on that topic, at this link here. It includes a download of their research.

The reasoning of National Association of Realtors (NAR) Chief Economist Lawrence Yun is that only more and faster new construction will fix the housing affordability issue.

LawrenceYunNARShort8.3MillionHousingUnitsRisingRentsHousingPricesCuredOnlyByMoreBuilding

Collage by MHProNews.

It is this Daily Business News on MHProNews writer’s understanding, Dr. Yun prompted Scholastica ‘Gay’ Cororaton, Certified Business Economist (CBE) to research manufactured homes. Among her 30 pages of reports, charts, and data include the following.

 

CompareMobileHomeTrailersPastManufacturedHomesSaferMoreDurableQuoteScholasticiaGayCororationPhotoSmallPercentageDamagedDuringHUrricanesMHProNews

See more of her research, at this link here.

 

The logic of Trulia’s research, summarized by the data in the graphic below, supports that of the research economists above. Affordable housing has negligible impact on all other housing nearby. Both forms of housing are growing in value, side by side.

TruliaImpactofAffordableHomesHousingValueDailyBusinessNewsMHProNews

The Trulia research reinforces what HUD’s PD&R on manufactured homes (MH) found, that MH appreciated side by side with conventional housing.

But what if that affordable housing are manufactured homes? Do manufactured homes harm property values for neighboring conventional housing?

The university level research that HUD commissioned in their PD&R report preceded the Trulia study. It looked at manufactured homes as infill in cities, right next door to conventional site built, single family homes.

The results?

Housing values of both conventional homes and the manufactured homes appreciated side-by-side.

RegulatoryBarrierstoManufacturedHousingPlacementinUrbanCommunitiesHUDPDR-postedManufacturedHomeLivingNews595x357

The research from multiple cities documented that manufactured homes appreciated side-by-side with conventional housing. The findings are similar to what Trulia’s study learned. https://www.manufacturedhomelivingnews.com/wp-content/uploads/2018/04/2011HUDPDRRegulatoryBarriersManufacturedHousingPlacementUrbanCommunitiesMHLivingNewsPDF.pdf

The summary of the logic of the third-party researched facts are overwhelming when laid out side-by-side like this.

But the irony is that Harvard’s Joint Center for Housing Studies researcher Eric Belsky came to the conclusion over 16 years ago that manufactured homes where likely to surpass conventional housing in production. No doubt for the kind of reasons Cororaton more recently cited.

MultipleReasonsExpectManufacturedHousingDoBetterThanSiteBuiltHousingEricBelskyEecDirJointCenterHousingStudiesHarvardUnivDailyBusinessNewsMHProNews

At the time Belsky made this prediction, manufactured homes were selling over 250,000 new units per year. This year, MH won’t reach 40 percent of that total. What happened?

 

Richard Genz did research prior to the statement by Harvard’s Belsky, making the case for manufactured home quality and durability in a study for the Fannie Mae Foundation.

 

“Why Advocates Need to Rethink Manufactured Home Quality,” Harvard, GSE, Genz, “High Satisfaction”

So what happened?  Why were Genz and Belsky – the obvious logic of their clear view that manufactured homes deserved support and were bound to grow – why were their visions not realized?

How is it possible than when manufactured homes (MH) – by law – must perform dynamically the same as conventional housing in safety, durability and energy savings – and when MH costs less, why aren’t more HUD Code homes being sold?

 

 

Fresh Facts, Figures, Future of Affordable Housing -Comparisons- Conventional Site-Built v Mobile/Manufactured Home Industry Data

 

The simple answer is that a variety of seemingly unrelated forces have been at play.

Those forces included, but where not necessarily limited to:

–   ignorance,

–   prejudice,

–   greed,

–   political and regulatory pressures, fostered by the above,

–   and perhaps a failure to put all these facts back-to-back, to see reality vs. outdated perceptions. Fear and falsehoods were allowed to drive too many people’s thinking.

President Gerald Ford said prior to the HUD Code that the “mobile home” industry would always be necessary. It was market-based affordable homes, that routinely required no taxpayer subsidizes.

U.S. President Praised “The Mobile Home Industry,” Manufactured Homes are “Here to Stay”

Failure to heed that observation caused city after city on “both coasts” and the interior of the U.S. to lose decades of opportunities for more housing affordability.

The upshot?

Growing homelessness, including vehicular homelessness.

“Vehicular Homelessness” Rising, Land Use, and Manufactured Housing Policies

 

The answer being sought by many among the politically connected is to build more subsidized housing. In fact, for over 50 years, those housing programs have proven to be unable to keep up with the ever rising demand. The Heritage Foundation estimated that those social programs – which included subsidized housing – cost the nation some $22 trillion dollars in 5 decades.

That’s virtually the same amount as the national debt.

Isn’t it lunacy to continue doing more of the same self-evident failures? Why not turn to the proven solution?  Why not use free market driven investments by entrepreneurs vs. tax dollars?

MobileManufacturedHomeManufacturedHousingIndustryFactsDataResearch

 

What’s Missing in the Data? Real Harm to Real People

We as a society can’t change what’s happened. But we can learn from it. Perhaps the data needs to be humanized?  Do we need poster children to show what’s happened, and how that’s harmed Americans?

Almost every retailer who has sold a manufactured home direct to the public for at least a year has encountered the following scenario. Often numerous times.

A single, couple or family/household owns or wants to buy a manufactured home for a piece of property. But a local official stops that placement. Isn’t that using the force of law to rob people of the opportunity to own an affordable home?

The non-profit Equal Justice thinks so, and successfully sued a town on that issue. They are now suing another city.

Lawsuit Filed Against City to Defend Manufactured Home Owners Rights, led by Equal Justice Non-Profit

What does that process of denying Americans affordable housing actually cost such persons or families?

More personal wealth.  Keep in mind that HUD Secretary Carson spent some time in 2017 telling people that home owners had an average net worth of some $200,000, while the average renting household only has $5000 net worth.

The logic of Florida Atlantic University (FAU) Professor Kenneth Johnson’s research indicates that manufactured home ownership may yield the most wealth for a household. The lower the cost of the housing, for a disciplined saver/investor, the greater the potential for other investments, thus increasing personal wealth.

KenHJohnsonPhDFloridaAtlanticUnivRealEstateEconomics-ManufacturedHousingIndustryDailyBuisnessNewsMHProNews

FAU’s Ken Johnson made an eye opening point that applies to manufactured homes in terms of the ability for manufactured homes to help build more personal wealth https://www.manufacturedhomelivingnews.com/researchers-shake-up-american-dream-rent-vs-buy-ken-johnson-florida-atlantic-university-exclusive-to-manufacturedhomelivingnews/

The Government Accountability Office (GAO) and Cororaton’s research both demonstrated that manufactured homes are the lowest cost form of permanent housing. Less than rent, and even when higher rates and shorter loan terms, manufactured homes dramatically lower price yields the lowest monthly payments.

 

But we can put a face, a family, to this snapshot.

The Rev. Donald Tye, Jr. said that their affordable pre-HUD Code factory-built home made it possible for he and his wife to do things for their family they could not have done any other way.  Tye told MHProNews that planners are missing out on the many social and economic benefits that affordable home ownership provides.

RevDonaldTyeJrManufacturedHousingAdvocateQuickestWayWealthIndustryVoicesMHProNews500

He also addressed the lost tax benefits, as well as the prejudice against manufactured homes, and the misuse of terminology like this.

RevDonaldTyeJrBusinessmanManufacturedHousingAdvocateDailyBusinessNewsMHProNews

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.

ItsAsWrongtoUseNWordToDescribeBlackAsUseTWordTodescribeManufacturedHomeRevDonaldTyeJr.ManufacturedHousingNotT-railerNotNword

Mark Weiss, JD, weighed in on that same point, saying the the use of the t-word is offensive to millions.

TheDeliberateMisueofTerminologyCanBeOffensivetoMillionsWhoProudlyOwnAManufacturedhomeOrThousandsinourIndustryMarkWeissMHARRMHproNews575

A poet who sold her conventional housing to buy a manufactured home was shocked at the prejudice generated by others.

Taking on the Trash Talk! Are People Defined by their Housing Choice? Video, Photos

There are letters-after-letters, stories-after-stories that have a similar refrain.  Here’s a pair of others.

“Home Sweet Home” – Assistant Mayor Wants to End Housing Choice Stigma

Trade Publisher, Experts call for Respect, Understanding for Manufactured Housing, Manufactured Home Owners

Part of what should have been learned in recent decades is that there is a huge cost to taking opportunities from others. That arguably becomes a form of theft.  Thus the commandment that most faiths believe to be true – “thou shall not steal” – reasonably applies.

It includes mobile and manufactured home community owners who in various jurisdictions are increasingly being told that they can’t replace an older home with a new one. What?

“Unconstitutional Taking,” “Gentrification on Trial” in Recent Oak Hill Manufactured Home Community Ruling

A state supreme court ruling in one case was described by an attorney as an “unconstitutional taking.” That community owner won. But how much time and effort did it cost that community owner to be allowed to use their own land as a place where affordable home ownership can occur for families?  Those legal costs have to be passed onto others, those who live in those affordable manufactured homes.

Time and again – however well intended the local policies may be – the net result is that it is costing millions opportunities for more affordable home ownership.

 

The High Cost of Ignorance and Prejudice

This writer told a group of business professionals last year in Deadwood that manufactured homes were the civil rights issue of our times. That message was applauded by those who know first-hand how difficult it can be to sell a manufactured home, and get it safely installed on an appropriate permanent site and foundation.

CivilRightsIssueAbolitionCivilRightsAffordableQualityHomesManufacturedHousingDrMartinLutherKingDailyBusinessNewsMHProNews

LATonyKovachPresenting%StateConvDeadwoodSDKenCorbinCommentManufacturedHousingIndustryEventDailyBusinessNewsMHProNews

Tony Kovach doing a presentation in a packed room of industry professionals.  The essence of the talk was the importance of educating people locally about the truths regarding modern manufactured homes.

The logic of these facts is this.

$2 trillion dollars a year is lost in GDP – that’s the cost of ignorance and prejudice against manufactured homes in America.  Take 326 million Americans, divide it into $2 trillion dollars lost annually, and that’s like $6,134.97 per man, woman and child.

For a family of four, that’s $24,539.88 in lost U.S. GDP.

It’s an avoidable loss, and can be fixed by a proper understanding coupled with the application of existing laws, as you will see below.

 

Terminology Matters

People wrongly believe the terminology for factory built homes is optional. It’s not. The correct terminology is a matter of law – the code which a home was built to meet.

TerminologyMattersBecausetheTerminologyDescribestheConstructionStandardsHomeBuiltToSteveDukeLMHAaMHLivingNewsMHProNewsBiggerPocketsSunshineHomesRedBayAL

After more than fifty years of short-sighted and prejudiced thinking, it’s decades past the time that modern manufactured homes be seen for what they are.  It’s time to stop cherry-picking exceptional tales, and to look at the broad facts.

PublishingHandPickedInformationCanBeWorsefortheImpressionItMakesOnManufacturedHomesandOurIndustryThanStatingEntirelyFalseInfo-BradLovinNCMHA

To see the report on tornadoes and manufactured homes, click here.

 

Manufactured homes are the solution for the affordable housing crisis that’s hiding in plain sight. It must be noted that modular and other forms of factory home building can all perform a vital part of the solution to America’s costly affordable housing crisis.

But because of the genius of the HUD Code, setting national standards with regional requirements, much of the harm caused by local regulators is avoided with manufactured homes.

MostMenAppearnNeverConsideredWhatHouseIsNeedlesslyPoorAllTheirLivesHenryDavidThoreauManufacturedHomeLivingNews

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

 

Solutions? Parallel Path One

The former chairman of the Manufactured Housing Institute (MHI), Tim Williams, President and CEO of Berkshire Hathaway owned 21st Mortgage, said the following.

People cited in this column today might later say something different, perhaps because they may (errantly) believe that money tempts them to do so.  Some back off due to other pressures.

But they can’t unring the bell on what they’ve already said.

A consistent theme of MHProNews and MHLivingNews for years has been the need to honestly and sustainably grow the industry. We have never advocated, for example, for the kind of poor lending practices that led to the post-1998 nosedive of manufactured home sales.

Education – sound information are a key step.  21st’s Williams was right, and so was Frank Rolfe, who said that the media must be engaged with the truth when errant information crops up.

 

 

Solution – Parallel Path 2 – The Logic of Sound, Sustainable Lending

Lenders are protected when home values are protected.

Home values are protected and enhanced by demand and sound lending.

Sound and profitable lending is good for business, good for people, and good for the economy.

Good information – vs. prejudice or short-sighted thinking for whatever motivations – is how bigoted influences are pushed out.  This is how information and sound lending, parallel paths, can support each other, as a train running on a track is supported by parallel rails.

 

Manufactured Housing Appreciation?

The Urban Institute, and the National Association of Realtors ® have both reported what MHProNews and MHLivingNews has said for years. Manufactured homes can and do appreciate. But why are there times that they don’t rise in value?

First, all housing rises and falls in value for much the same reasons.

I’m not speaking for ‘Gay’ Cororaton when I share my take on a conversation this writer and she had a few weeks ago. I asked her about the economic logic of the following

Home appreciation is fueled by the following factors.

  • Location,
  • Condition of the home (maintenance, appearance),
  • Demand for housing,
  • Local economic factors (wages, employment opportunities, etc.), and
  • the availability of reasonable lending. Other points could be mentioned too, but those are key ones.

So, if any of those factors are reduced or eliminated, then the value would be lessened. Think about conventional housing post 2008, lending dried up, housing dropped in value.

My understanding was that she agreed with those principles.  My hunch is most objective thinkers and economists would too.

That being so, consider this.

Because manufactured homes have had lending options artificially reduced due to the absence of robust support from the Government Sponsored Enterprises (GSE) of Fannie Mae and Freddie Mac, then to some degree, that will influence resale values. Again, my understanding was that she agreed with that premise.

Two Great Laws Already on the Books NOW,  Can Unlock Billion$ Annually for Manufactured Housing Industry Businesse$, Investor$

In our comments letter to HUD, we stressed that since the GSEs were arguably not doing their job, that FHA could step up to the plate, as should VA and USDA (Rural Housing) loans.

Now, let’s rephrase that to make the following point.

For decades, the GSEs have resisted lending on manufactured homes. Fannie Mae’s highly touted MH Advantage is arguably another artful dodge, as it forces manufactured home builders to meet additional criteria beyond what the HUD Code mandates.

 

“Take the MH Advantage Challenge – Can You Tell the Difference?” Fisk of Sarah Edelman, Director of Duty to Serve, Single-Family Mortgage Business for Fannie Mae

Who worked with Fannie Mae on that MH Advantage program? Our sources say, past and current members of the Manufactured Housing Institute (MHI).

Why would MHI argue for a so-called “new class” of manufactured homes – where there is no data or track record – when there is decades of data and track record that proves the value of millions of units of HUD Code manufactured homes?

ManufacturedHousingAssocRegulatoryReformMHARRMarkWeissDTSFHFA-GSEsGoingtoLargestBusinessesCorpAffiliatesDailyBusinessNewsMHProNews

Collage by MHProNews.

That was the logic of Mark Weiss, JD, President and CEO of the Manufactured Housing Association for Regulatory Reform.

Rephrased, who benefits, and who is harmed by this questionable ploy between MHI and the GSEs?

Hold that thought for latter.

Because the bottom line is this. Manufactured homes have proven their value. Their value would logically be enhanced, given a proper understanding of their safety, quality and durability.

 

Two Types of HUD Code Manufactured Homes?

This writer has told people for years that there are broadly speaking, entry level manufactured homes, and residential style manufactured homes.  Both styles must meet the safety, energy and construction standards set forth by federal law under HUD and the DOE.

When you go shopping for a vehicle, there’s a wide array of sizes and styles to select from.  There are entry level cars, mid-range, and luxury ones too. That can be said about cell phones vs. smart phones, RVs, laptops, or most any product one cares to consider.

So, with manufactured homes, it is similar. If all you’ve seen are entry level manufactured homes, then you need to see a residential style one.

 

One must stress that any and all manufactured homes must all meet HUD’s safety, energy, and durability standards. From the least costly, all manufactured homes (MH) get consumer protection not found in conventional housing that costs many times the price. It was the MH industry that fought for that legislation – MHARR MHI, and states like Texas too – as part of the Manufactured Housing Improvement Act (MHIA) of 2000.

compare-interiors-class-c-apartment-vs-modern-manufactured-home-credits-betweenapsontheporch-manufacturedhomelivingnews-com-posted-masthead-mhpronews-com-

Credits are as shown, collage by MHProNews.com.

But another key part of the MHIA of 2000 was enhanced preemption. That enhanced preemption is the key to unlocking $2 Trillion dollars a year in increased GDP for the U.S. This needs 5 stars next to this point.

Put differently, there is no need to wait for local jurisdictions across the land to get a backbone, or learn the truth the obliterates their ignorance, prejudices, sweetheart deals to favored developers, etc.

All that’s needed is for HUD to enforce existing law.  Enhanced preemption for manufactured homes is already the law of the land.

Let’s say that again for emphasis. All that’s needed is for HUD to enforce existing law.  Because the MHIA of 2000 preemption protects the rights of everyday Americans to buy and safely install a manufactured home on any buildable property.

We don’t need decades of battles, or more studies. The logic and the realities have been hiding in plain sight for years.

 

The Urban Institute’s Vital 2018 Question

Urban Institute researchers in a January 2018 report came to some similar points about manufactured homes, appreciation, and related. They asked a key question. Why aren’t more manufactured homes being sold, when they are a proven part of the solution to the affordable housing crisis?  Here’s how they phrased it, in the caption above “We Follow the Money.”

UrbanInstituteWeFollowTheMoneyClaytonHomesDailyBusinessNewsMHProNews560x352

What they didn’t say was as important as what they did say.

One researcher was Edward Golding, who used to work for HUD. That wasn’t disclosed in their report. Golding had Pam Danner, JD, periodically report to him. Danner was the Administrator for what the Washington Post called the “once obscure” Office of Manufactured Housing Programs (OMHP).

Greener, Stylish Manufactured Homes – Hidden Facts in the Washington Post Manufactured Housing Narrative

Which begs this question. Why didn’t Golding and others at the Urban Institute mention enhanced preemption in their reporting on manufactured homes?

After all, zoning, economic prejudice, and enhanced preemption all intersect.

When manufactured home businesses and state association executives from coast to coast say that zoning/land use/placement are key issues, how could Golding or the Urban Institute fail to mention enhanced preemption?

Hold that thought. Because another undisclosed fact was the connection of Warren Buffett as a lifetime trustee for the Urban Institute. It’s mentioned on the big Urban Institute site, if you got hunting for it. But there was no disclosure on the article that Golding and his fellow researchers published on the topic.

 

Urban Institute Ask for Correction in Analysis of their Manufactured Housing Research, “Follow the Facts,” “Follow the Money”

Nor did the Urban Institute mention that the Manufactured Housing Institute (MHI) helped forge their paper. A source at the Urban Institute told us that “anonymity” was promised to MHI and Clayton, for their role in crafting their report.

What?

Since when do non-profits and university level style researchers not state their sources? Since when are possible conflicts-of-interests not disclosed by nonprofits or researchers in publishing their findings?

 

Smoking Guns…?

Eric Belsky made another statement about housing that very much applies to the question the Urban Institute asked.

CreditIsTheLifeBloodOfHousingEricBelskyHarvardDailyBusinessNewsManufacturedHousingIndustryMHProNews

It’s a statement that most every manufactured home retail or community professional who experienced the slide from 1998 to 2008 know all too well. For more on Belksy, and MH, click here.

 

Let’s go back to what Belsky and Genz said over 15 years ago. Belsky expected manufactured homes to advance, so did Genz.

Why didn’t they?

Short answer, lending was choked off. Absent enough lending to supports home sales, there will be fewer manufactured homes sold. Duh, right?

KennyLipschutzQuotePoorJobOfLobbyinginMHIndustry-postedMHProNews-com

Kenny Lipschutz, Home First Certified Communities.

Absent a level playing field on lending or resales, manufactured homes are placed at a disadvantage in resale values.

Another issue is appraisals. Thousands of appraisers misunderstand manufactured homes. But that too is and educational issue, noted here as a placeholder.

So, we see the need for factual, evidenced and reason-based thinking about manufactured homes. Among the best-informed investors is arguably Warren Buffett. He reads and reads, per his own statements, and that of others who know him.

So why did Belsky miss his projection about manufactured housing achieving dominance in production over conventional builders by 2010? Arguably, the short answer is that Belsky did not count on Warren Buffett entering the industry in 2003. Belsky didn’t count on what Berkshire Hathaway did, as they began to deploy the Buffett strategic “Moat.”

WarrenBuffettTheMoatQuoteMemeManufacturedHousingIndustryDailyBusinessNEwsMHProNEws

Who speaks of “the moat?” Warren Buffett explains his principles of “the Moat” in a video on the page linked below. So does Kevin Clayton, in a separate video also found below.  Clayton says in his own words in that video that “Warren” stresses widening “the Moat” against competitors on a routine basis.

 

Best Warren Buffett, Kevin Clayton, Clayton Homes, Berkshire Hathaway Annual Meeting, Competition, and “the Moat” Video Collection

 

The Truth is Not Political

We believe that truth is apolitical, but political officials may use – misuse, ignore, or abuse – the truth.

A closer look at the problem of why there is not more manufactured housing being sold can be summed up by the notion of the impact of failure to educate, and monopolistic practices. Who says?

GuruFocus and the Seattle Times.

MoatCastleBuffettBerkshireClaytonHomes21stMortgageVanderbiltMortgageManufacturedHousingIndustryDailyBusinessNewsMHProNews550x305

Seattle Times -Federal Investigations-Berkshire Hathaway’s Clayton Homes, GuruFocus Spotlights Buffett’s Clayton’s “Unethical,” Monopolistic Moat. http://www.mhpronews.com/daily-business-news/seattle-times-federal-investigations-berkshire-hathaways-clayton-homes-gurufocus-spotlights-buffetts-claytons-unethical-monopolistic-moat/

 

Progressive “Nation” Reports on Monopolies Cites Buffett, Clayton, Others – MH Industry Impact?

And the evidence that manufactured housing’s ascendancy was derailed by forces within the industry is found in part with documents and quotes from Berkshire owned 21st Mortgage, Warren Buffett’s own words, and Berkshire dominated MHI’s own chart.

Smoking Gun 3 – Warren Buffett, Kevin Clayton, Clayton Homes, 21st Mortgage Corp Tim Williams – Manufactured Home Lending, Sales Grab?

Thousands lost their businesses, and millions arguably lost the opportunities to benefit from manufactured home ownership. It’s cost taxpayers a fortune, that can be measured in the trillions of dollars in losses to the GDP, and avoidable costs to federal taxpayers.

How Many MH Independents, Retailers Have Been Lost Recently? “They Think They Own Us”

 

The Problem of the One Percent

We won’t hype the issue of the 1 percent, nor understate it.

What this will propose that may be unique is a free enterprise solution to the problem of the one percent. It’s this. De facto monopolistic forces are at work in manufactured housing, and in other parts of the economy, such as the tech giants.  Apply the logic of the NY Stern professor to manufactured housing, and it is just as apt as it is when applied to the world of the tech giants.

We’ll let Professor Scott Galloway make his case in tech.

 

“Winners and Losers,” L2 Founder, Prof Scott Galloway on Monopolies

But for those who believe that monopolistic forces harm Americans, we can point to voices as politically separated as Senator Ted Cruz and Congresswoman Maxine Waters.

If we start listening to the factual points – vs. the opinions or spin – of what others are saying, those facts can lead someone to the root issues.  Facts are what is.  Opinions and interpretations are a dime a dozen.

The opportunity to use evidence, facts, and objective reasoning to discover the underlying causes – and thus the cures – of the affordable housing crisis is possible.  Keep in mind, that sooner or later, monopolies arguably harm workers and consumers.

 

Does Monopoly Power Impact Workers’ Stagnant Wages? MH Industry Impact$

 

The irony may be this. Aren’t even monopolists harmed by what they create?  Think about that $2 trillion a year in lost GDP.

Regardless, society as a whole is harmed, and that is why anti-trust laws exist.

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

 

The Fix is Applying Existing Laws

There is no need for years of delays in hearings or more studies.

Antitrust laws debatably need to be applied to Berkshire Hathaway, and to all others in business who’ve become invasive, as Galloway said.

The Smoking Gun 3 documents, facts and related quotes from officials who are part of Berkshire speak for themselves.  It would be difficult for them to unsay, what they’ve already said that arguably proves they are monopolistic.

MHI and Berkshire Hathaway has been given repeated opportunities to respond to any of these concerns.  Rather than respond, instead of debating the merits or misses in this reading of the facts, they’ve tried a variety of other tactics.  But if they could easily disprove this, why haven’t they?  Those from Berkshire brands who once praised us, now sit in silence as we publish reports like this one. Why?

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Part of several messages for publication by Tim Williams to MHProNews. MHI’s president praised us for some years to, as this mirthful short demonstrates. 

MHI should be scrutinized for fostering the conditions that allowed manufactured housing to be derailed from what Belsky thought was a bright future. Some who see the problems outlined herein hold out hope that MHI can be redeemed. This writer – based upon sources, evidence and past history – believes that people can change, but that said, the evidence is that MHI’s leadership isn’t changing.  Thus, they need to be exposed, and supplanted with something entirely new.

MHARR does its job, but an MHI award winner says that MHI works only for the “the big boys.”

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MHProNews looks at the facts, considers the sources, and follows the evidence. MHI earlier last year, and for years before, MHI routinely replied promptly to all inquiries. But since we’ve spotlighted the problems and concerns, they’ve gone silent. Why? If the facts are on their side, why not make offer a cogent explanation?

 

I’ve said for years that pretty pictures alone are not enough to convince people of the truth about manufactured homes, and what it can do to transform for the better millions of lives.

RememberThisQuoteIrPrettyPicturesMHIndustryWillOnlyAchieveItsGoalsByResovingItsCoreIssuesLATonyKovachMHProNews

Education is the answer. Refuting false claims must be part of that educational process.  People aer entitled to their opinions, but not to their own facts.

Understanding the issues are can help avoidable for others the tragedies caused by ignorance, greed and the evidenced based factors alleged herein. Millions of Americans have been robbed of what they could have had, instead of subsidized housing, or a life of rental, give people the information and opportunity to increase their personal wealth through affordable home ownership.

There are numerous voices that have blasted MHI’s hypocrisy. The one above is just one of many.

It’s time for the disinfectant of sunlight to cure what decades of ignorance, private agendas, monopolistic forces, and prejudice has caused.

‘Tip of Iceberg’ – Rick Rand; Marty Lavin, Communities have ‘No Confidence’ in Manufactured Housing Institute, New National Trade Group Announced

It’s time for the truth that’s been hiding in plain sight.

The reward is $2 trillion dollars in enhanced GDP annually, just by applying existing law.

The reward is that affordable home ownership could would do for millions of all colors and creeds.

Let’s stop robbing people of the possibility of a brighter future.  That theft has debatably occurred by misusing government and economic power.

Rather, lets allow existing laws to go to work, so that Americans select the home of their dreams, wherever they have a buildable home-site. More can be learned from the links from this article, but that’s enough said for today. “We Provide, You Decide.” ## (News, analysis, and commentary.)

(Third-party images and content are provided under fair use guidelines.)

FactoryBuiltCarsClothingAppliancesElectronicsCellsSmartPhonesHomesItJustFollowsLATonyKovachC2017MHproNewsBy L.A. “Tony” Kovach – Masthead commentary, for MHProNews.com.

Tony is the multiple award-winning managing member of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com.

Office 863-213-4090 |Connect on LinkedIn:
http://www.linkedin.com/in/latonykovach

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Related References:

Movie Mogul Rupert Wyatt and Screenwriter Erica Beeney’s Magnificent Manufactured Home

Affordable Housing Focus Group – Comparing Housing Options – Conventional Houses, Condo, Rentals, and Manufactured Homes – Up for Growth, National Association of Realtor, Studies