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Posts Tagged ‘Warren Buffett’

Warren Buffett, Charlie Munger Video Interview at Berkshire Hathaway Annual Meeting on GSEs Lending for Affordable Manufactured Housing and Clayton Homes

May 6th, 2019 Comments off

 

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For those that are new or want a refresher, the exclusive report by the Daily Business News on MHProNews of the Clayton Homes related 2018 data from Warren Buffett and Berkshire Hathaway is found at the report linked from the text-image box below.

 

 

2018 Berkshire Hathaway Annual Report, Clayton Homes, Shaw Data Revealed, Facts Others Lack

 

This weekend has witnessed the so-called “Woodstock of Capitalism,” the 2019 edition of the Berkshire Hathaway annual shareholders meeting in Omaha, NE. An estimated 40,000 plus were expected to attend.

Yahoo provided coverage of the event, and the video below is from that source.  Per Yahoo, “Buffett said it would be “very good for America” if Fannie Mae and Freddie Mac did more to help finance manufactured homes, such as those made by Berkshire-owned Clayton Homes.”

 

 

There is a lot to unpack from this 4 minutes, 2 second long video.

As close, thoughtful, and longtime readers of our pro-industry trade media platforms already know, there have been allegations for years of market manipulation by Clayton Homes within the manufactured housing industry and finance space.  One such report, based upon a letter from Tim Williams at 21st Mortgage Corp, the words of Buffett himself from that same year, and a nearly 1-hour long video with Kevin Clayton, are all found at the link above.

What is discerned from this weekend’s statement by Buffett and Munger ought to be viewed through that lens, and what follows.

Furthermore, there are sources inside the GSEs, and from a Berkshire brand led by CEO Tim Williams at 21st that indicated that for some time, the powers-that-be from Omaha-Knoxville metros worked first to foil, and more recently, to redirect lending from Fannie Mae and Freddie Mac away from the bulk of manufactured housing.

 

For such reasons, the Manufactured Housing Association for Regulatory Reform (MHARR) has been engaged in a tough, protracted battle to encourage the full implementation of the law, not just a partial one.

 

MarkWeissDTSQuoteManufacturedHousingAssocRegulatoryReformMHARRDailyBusinessNewsMHproNews

MHARR Calls on New Fannie Mae CEO Hugh Frater to Fully and Properly Implement Federal Law

With all due respect to Buffet, as the next link reveals, there have been times that what he said did not line up.

More recently, HBO’s Last Night Tonight with John Oliver viral video errantly dubbed “Mobile Homes” reflected the revelation that it was Buffett’s brands and Manufactured Housing Institute (MHI) connected companies that were causing the industry blowback in mainstream media reports.  Our publisher in a letter published in 5 markets in Florida, including Jacksonville called on the public to hold those responsible for purported misdeeds, not the industry at large.

Warren Buffett must be construed in the light of not only his words, but also of the deed of the brands they own.  Furthermore, as Buffett and Berkshire has been wont to fund both sides of certain battles, that raises fresh concerns, as the report linked here documents.

Those points and the linked evidence and logic from those articles should be kept in mind by investors, advocates, researchers, policy wonks, politicos  — plus, of course, the industry’s home owners and professionals.

That said, will Buffett’s comments this past weekend could potentially be used to encourage Fannie Mae and Freddie Mac to lend on all manufactured homes, or just on select ones, as the Clayton-MHI backed ‘new class of homes’ effort promotes? Time will tell.  But as with all things connected to Buffett, it bears a nuanced consideration. See the related reports, further below.

That’s this post-dawn Monday morning episode of professional life in MHVille, exclusively from the #1 most-read “Industry News, Tips, and Views Pros Can Use,” © where “We Provide, You Decide.” © ## (News, analysis, and commentary.)

 

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Warren Buffett’s Profitable Lessons for Manufactured Housing

“Mobile Home Militia,” Retail/Production Sources, Sound Alarm Against Clayton Homes, CMH, New “Anti-Competitive Practices” Allegation

News Tip, Document – Is Clayton Homes Engaged in False Down Payments? Deceptive Trade Practices?

CFPB and 21st, Second Shoe Drops? Flooring w/21st Mortgage Corp? Insider Tips

Tim Williams, PBS News’ Bad Bargain, Manufactured Housing Institute, Buffett’s Mirror, and Clayton’s Costume

Manufactured Housing Institute’s Monthly Economic Report Spotlights Challenge, What MHI, WHA’s Amy Bliss Said

White Collar Shakedown, Fear, Hobbs Act, and Manufactured Housing Independents Struggles

 

 

“Lead, Follow … Or Get Out of The Way”

 

MHARR Calls on New Fannie Mae CEO Hugh Frater to Fully and Properly Implement Federal Law

“The Illusion of Motion Versus Real-World Challenges”

 

 

 

 

 

 

Warren Buffett’s Profitable Lessons for Manufactured Housing

May 5th, 2019 Comments off

 

WarrenBuffettsProfitableLessonsforManufacturedHousing

“”We can afford to lose money – even a lot of money. But we can’t afford to lose reputation – even a shred of reputation,” wrote Warren Buffett to managers,” according to a post on the Wall Street Journal’s Facebook page.

 

Now contrast that with the investment-focused Motley Fool’s citation of the famous Buffett quote: “Rule No. 1: Never lose money. Rule No. 2: Don’t forget rule No. 1.

Do these two fabled Buffett quotes complement or contradict each other?

We deliberately avoid answering that today.

Ladies and gentlemen professionally involved in manufactured housing land – what we lovingly refer to here on MHProNews as MHVille – those Buffett quotes bear close scrutiny.

Beyond the words, so too does the actual behavior of Buffett and Berkshire Hathaway’s brands.

It is not that Mr. Buffett is necessarily wrong.  As one of the top four wealthiest people in the world, he’s proven his ability to attract investment capital and make money for the long term.

The question is, how has Buffett achieved that wealth in recent years? Say the last two decades?

No two people agree on everything. We need others in our lives as reality checks. If Marty Lavin never gave MHProNews any more on-the-record quotes than those already given, the ones we have from him are highly valuable to those wise enough to grasp and apply them routinely. It isn’t that Marty invented these sayings; he did not. But as a significantly successful person in manufactured home financing – with real manufactured home (MH) community and high-volume MH retail experience –  what he said is as useful – perhaps more so – as those Buffett quotes are.  Once more, with gusto…

  • Pay more attention to what people do than what they say.
  • Follow the money.

These Lavin tips have been used by detectives, serious reporters, and other researchers for decades.

What they point to, without saying it, is the value of authentic history.

Let’s pair that with what pro-manufactured housing investor Robert Robotti said about investing. “In order to outperform the market, you have to have a contrarian point of view,” Robotti said to the Motley Fool investment media.

 

“Out-Performing the Market” Robert Robotti, Value Investing, and Manufactured Housing

 

In an organization, one needs a significant degree of compliance by team members. No factory could function successfully without team members doing their jobs well. No financing operation could profit, unless team members do their jobs well.  I know, because I’ve seen and experienced these things first hand.

But in order to achieve a breakthrough, one has to be able to step out of the box. If someone stays only inside the box, by definition, no progress is ever made.

We need to be able to celebrate the good that someone has done, while recognizing that they are bound to have flaws. Let’s give some examples, and then return to the profitable MH theme.

We like many of the quotes that the Reverend Martin Luther King, Jr. has given us to ponder. He was surprisingly successful, but that success was not overnight. It took time, persistence, a kind of urgent patience. King was wise, but he was reputedly also a womanizer. Can’t imagine that his wife liked that reputation, can you?

A couple in the White House today have a similar challenge. But unlike the defense that much of the mainstream media gave Bill Clinton while he was president, or the cover for womanizing given to John F. Kennedy while he was president, Donald J. Trump’s past womanizing is treated quite differently. Before he ran for  president, Mr. Trump was celebrated for the same thing he is now denigrated for doing. What’s up with that? That’s not to attack the other 2, nor to defend the 45th president on that score. It is only to reflect that a double standard exists.  It is also to reflect how helpful history is.  Now, let’s take that back to MHVille.

People have to be able to discern reality, to find what is true, and separate the ‘wheat from the chaff.’  There are things Mr. Buffett has said that are insightful, useful, and true.  That doesn’t mean I have to agree with Buffett’s reputed business practices. Wheat from chaff.  Discern what is useful, then act upon that, and your odds for success go up.

Before diving into our weekly headline review, and we have some doozies for you, let me make one more observation. There have been some famous – but later convicted – con men in our nation’s history. People who were so respected, until they were found out.  Once exposed, they where then reviled. Let’s mention only one to make the point.

Bernie Madoff is described like this by Wikipedia, “Description: Bernard Lawrence Madoff is an American former market maker, investment advisor, financier, fraudster, and convicted felon, who is currently serving a federal prison sentence for offenses related to a massive Ponzi scheme.”

Madoff was celebrated, until he was vilified.  By the way, not all cons are alike.

 

BernieMadoffWikiManufacturedHousingIndustryMHProNews

 

Now will the day may come that fans of Buffett — or an infinitely lesser light in MHVille, part-time magician George F. Allen — feel the same about them as they do now about Madoff?

Some sing the praises of the Manufactured Housing Institute (MHI). But look at the fact that every one of the corporate industry embarrassments in MHVille named by John Oliver’s “Mobile Homes” video was connected to a firm connected to MHI. Pray tell. What exactly are the leaders at MHI being celebrated for accomplishing?  Other than the increasing consolidation occurring in MHVille?

Cons are often celebrated, until they are finally understood, and then they are fully exposed. Some cons, like Madoff, go to prison.

To grasp those highly profitable lessons, one needs the perspective of history. That requires real history, not fake history. Discerning the truth requires real analysis, not fake analysis.

To be sustainably successful in MHVille, one needs to know when to duplicate – as in a training the line workers in a factory – and when to innovate. The later – innovation – means you have to be willing to be a contrarian at the proper times.

Before closing, let me tip the hat to Jim Ayotte for a statement he made that applies to everyone, not just top-tier association executives. “As an association executive, my job is to assess the situation and seek the best possible outcome based on the facts as I know them.”  Publishers, writers, sales professionals, business owners, line workers – everyone could apply this principle Ayotte made to themselves.

None of us don’t know what we don’t know.  That’s why we need others! But once we begin to suspect something different than what we thought we knew, it becomes parament to pivot to whatever that liberating – and often profitable – truth is.  Albert Einstein was right in saying you don’t keep repeating the same mistakes over and over if you plan to progress.

The reason that a con like Madoff’s or others arguably succeeds for as along as they do is because people are not willing to admit that they have been conned.  They are in denial. They may be embarrassed. Or they may have some other fear.

But the mature, secure adult admits an error.  If the error is that they were conned, one must make that admission, but then the solution is to move beyond the error.  That’s how profitable learning is done.  Objective history is a vital part of that process.

To my knowledge, there is no other manufactured home industry publisher that has the degree of historic and practical insights into manufactured housing reality than we do.  Not bragging, it is what it is.

 

HumanitiesValueBuisnessCriticismDissentWhenGoingAlongGetAlongWhereWhistleblowersDiscouragedBadThingsHappenBusinssesImplodeMarthaCNussbaumPhotoQuote

Wheat and chaff. Take the good insights someone offers, the useful lessons, and ignore whatever may be problematic. Designs by MHProNews.

 

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Danny Glover quote from the fascinating video documentary, Shadows of Liberty, posted on the linked page here.

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Many of these quotes are from MHI insiders.

 

IfMHProNewsIswritingAboutItIWantToKnowAboutItQuoteMaybe those fact-checks and historic insights are why we are the runaway

most-read in MHVille – by fans, foes, and profitable truth-seekers alike?  People put up with our typos because we have something worth putting up with.

We are getting a growing number of calls and messages from investors and their representatives.  They don’t buy the Arlington line.  If those outside looking in don’t buy it, why should you?  Folks, the industry is about to go through a shakeup. I’m not predicting a date, but don’t just mark your calendar. prepare for it yourself.  Start with staying truly informed, and avoid the deceptions that profit others but are costing independents, perhaps like you.

DearTonySoheylaNoGreaterResourceSpeakstoIssuesOpportunitiesWeFaceAsIndependentRetailersGusRodriguezTejasHomesTX

Gus’ message came in response to a series of exposes on issues within manufactured housing, as well as tips, strategies and opportunities.

HowardWalkerEmergenceOfTonyKovachsPublicationsProfessionalsFilledVacuumDailyBusinessNewsMHProNews

With no further adieu, let’s dive into the headlines from the varied corners of MHVille during the week that just was.

 

What’s New on the Masthead

TheMastheadCommentaryLATonyKovachMHProNews

Multibillion Dollar Opportunities Knock in Solving Affordable Housing Crisis

Multibillion Dollar Opportunities Knock in Solving Affordable Housing Crisis

 

What’s New in Washington, D.C. From MHARR

MHARRlogoDailyBusinessNewsMHProNews324

MHCC Addresses Multiple Issues, HUD Secretary Carson Praises Manufactured Homes at Meeting

MHCC Addresses Multiple Issues, HUD Secretary Carson Praises Manufactured Homes at Meeting

MHARR Calls on HUD Secretary to End Discriminatory And Exclusionary Zoning of HUD-Regulated Manufactured Homes

MHARR Calls on HUD Secretary to End Discriminatory And Exclusionary Zoning of HUD-Regulated Manufactured Homes

 

What’s New on MHLivingNews

MHLivingNewsImprovedLivingForLe$$taglinedropshadow

MHLivingNews features lifestyle and living news on prefab housing, with a focus on manufactured homes.

Conventional or Manufactured Housing – Facts Matter, and Public Engagement Matters Too

Ultimate Reporters, Researchers, Affordable Housing Advocates, or Shoppers 3’rd Party Research 

 

What’s New on the Daily Business News on MHProNews

11DailyBusinessNewsMHProNewsLogos 

Saturday 5.4.2019

George F. Allen’s Unity Call for MHI, MHARR, and National Association of Manufactured Housing Community Owners (NAMHCO) Examined

George F. Allen’s Unity Call for MHI, MHARR, and National Association of Manufactured Housing Community Owners (NAMHCO) Examined

 

Friday 5.3.2019 

Jobs Surge in April, Unemployment Rate Falls to the Lowest Since 1969, plus Manufactured Home Market Updates

Jobs Surge in April, Unemployment Rate Falls to the Lowest Since 1969, plus Manufactured Home Market Updates

HUD Secretary Carson on National TV, Touting Manufactured Housing, More Jobs & Investment Opportunities

HUD Secretary Carson on National TV, Touting Manufactured Housing, More Jobs & Investment Opportunities

Governor Signs 18’ Wide Single-Section Bill

Governor Signs 18’ Wide Single-Section Bill

Cowards, How Winning Is Done, and Manufactured Housing

Cowards, How Winning Is Done, and Manufactured Housing

 

Thursday 5.2.2019 

Holocaust Remembrance Day, You Don’t Know What Tough Is, and Ramadan

Holocaust Remembrance Day, You Don’t Know What Tough Is, and Ramadan

Top Ten Smaller Cities Millennials Moving to For Lower Housing Cost, Plus Stock Updates

Top Ten Smaller Cities Millennials Moving to For Lower Housing Cost, Plus Stock Updates

HUD Secretary Ben Carson Surprise Appearance at Manufactured Housing Consensus Committee, Exclusive Quotes – Addressing Manufactured Home Industry

HUD Secretary Ben Carson Surprise Appearance at Manufactured Housing Consensus Committee, Exclusive Quotes – Addressing Manufactured Home Industry

Warning – Number 1 Manufactured Housing State, Texas – Reports Month Over Month Rise, Year over Year Shipment Decline Continues

Warning – Number 1 Manufactured Housing State, Texas – Reports Month Over Month Rise, Year over Year Shipment Decline Continues

 

Wednesday 5.1.2019

Newly Published Regional State Data Reflects Gainers, Losers in New Manufactured Homes Shipped

Newly Published Regional State Data Reflects Gainers, Losers in New Manufactured Homes Shipped

One Word From Fed’s Jerome Powell Sent Stocks Lower, Plus Manufactured Housing Market Updates  

Skyline Champion (SKY) Hedge Fund Dumps Shares, Value Declines

Skyline Champion (SKY) Hedge Fund Dumps Shares, Value Declines

MHARR Weighs in, HUD Secretary Carson Letter – “Discriminatory…Exclusionary Zoning of HUD-Regulated Manufactured Homes”

MHARR Weighs in, HUD Secretary Carson Letter – “Discriminatory…Exclusionary Zoning of HUD-Regulated Manufactured Homes”

 

Tuesday 4.30.2019 

New Manufactured Home Community Research Data – Site Fees, Occupancy Survey, YoY Changes, 20 Top U.S. Markets

New Manufactured Home Community Research Data – Site Fees, Occupancy Survey, YoY Changes, 20 Top U.S. Markets

Barron’s Big Money Manager Survey Democratic, Trump, Congress Result$, plus MH Stock Updates

Barron’s Big Money Manager Survey Democratic, Trump, Congress Result$, plus MH Stock Updates

National Association of Home Builders Co-Hosting HUD Innovative Housing Showcase

National Association of Home Builders Co-Hosting HUD Innovative Housing Showcase

Wall Street Expects POTUS Trump Reelection in 2020, MHVille First Looks

Wall Street Expects POTUS Trump Reelection in 2020, MHVille First Looks

 

Monday 4.29.2019

Prosperity Now, Nonprofits Sustain John Oliver’s “Mobile Homes” Video in Their Reports

Prosperity Now, Nonprofits Sustain John Oliver’s “Mobile Homes” Video in Their Reports

Cruise Ship Retiring at Sea? Will it Eat Into 55 Plus Community or Assisted Living? Plus, Manufactured Home Market Updates

Cruise Ship Retiring at Sea? Will it Eat Into 55 Plus Community or Assisted Living? Plus, Manufactured Home Market Updates

New Investigation, Insider Trades, Hedge Fund Dumps Cavco Industries (CVCO)

New Investigation, Insider Trades, Hedge Fund Dumps Cavco Industries (CVCO)

Secretary Carson Letter Lights Fuse for Explosive Change, Obliquely Addresses Manufactured Housing Action Concerns

Secretary Carson Letter Lights Fuse for Explosive Change, Obliquely Addresses Manufactured Housing Action Concerns

 

Sunday 4.28.2019 

Manufactured Housing – White Hats, Black Hats, Investing, Consumers, MH Independents

 

Manufactured Housing – White Hats, Black Hats, Investing, Consumers, MH Independents

 

Time is money. Knowledge is potential power.  When you slow down enough to learn what you need to know, to read what you need to know, the odds go up that you’ll advance faster. “We Provide, You Decide.” © ## (News, commentary, analysis.)

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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:
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The Two Gardens, America, and Manufactured Housing

Profiting & Correcting – Manufactured Housing Traps, Pitfalls and Swindles

Mobile Home Militia – “Clayton [Homes] Wants Your Cornbread Too” “Join the Revolution” – ‘You Gotta Have Swagger’

Manufactured Housing Institute Members Defending MHI, Great Debate About Manufactured Home Industry Progress, Problems, and Profits

God’s Sense of Humor, Tilting After Windmills, Manufactured Housing – Merchants or Crusaders?

Warren Buffett’s Moat, Understanding Manufactured Housing Requires Grasping Strategic Economic Moats

 

 

 

 

 

 

 

 

Deer Valley Homebuilders Release w/Video Underscores Surprising Clayton Homes, Berkshire Hathaway Connections

April 23rd, 2019 Comments off

 

DeerValleyHomebuildersReleaseVideoUnderscoresSurprisingClaytonHomesBerkshireHathawayConnectionsDailyBusinessNewsMHProNew

Deer Valley Homebuilders (DVLY) has issued a press release that will be featured further below. But their release obliquely spotlighted several issues that could easily make Deer Valley a case study on the ways that Clayton Homes, 21st Mortgage Corporation, and Warren Buffett led Berkshire Hathaway’s ability to influence the manufactured home marketplace.  This report – using sources inside and beyond Deer Valley or the other firms mentioned – will begin to unpack the nature of the challenges faced by every independent of most any kind in the manufactured housing industry today.

 

 

Clayton Homes’ retail division, per sources, has done several million dollars annual business with Deer Valley in recent years.  That gives Clayton Homes insights into the Deer Valley operation that they may not gain as easily in any other way.

Keep in mind that the same is true for other firms that Clayton retail does business with.

As almost any independent retailer can tell you, 21st financing is a ubiquitous reality in manufactured home lending. Because of overall low totals of new manufactured home retail sales volumes – estimated at under $8 billion in 2018 for the entire industry – there are numerous consequences to those relatively low sales levels.

One of several worth noting is that lenders looking for places to do business may quickly look beyond manufactured housing, because there isn’t enough volume today to gain the interest for many larger lending firms.

To underscore that point, look no further than U.S. Bank.

U.S. Bank had a successful and profitable manufactured housing financing program. But U.S. Bank nevertheless still pulled the plug on their lending program in manufactured housing. Why? Their stated reasons noted the combination of factors which included:

  • relatively low total retail sales volumes,
  • regulatory, and other perceived risks.

What money U.S. Bank made in manufactured home lending was not worth those perceived risks and factors, per both published and insider sources associated with their largely shelved national finance program.

Note that the ‘increases’ in total manufactured home sales volumes since they pulled out of the market has not yet been sufficient to tempt U.S. Bank to return to manufactured home lending. These are all sobering signals to thoughtful industry professionals.

These are among the kinds of nuances and minutiae that time-pressured mainstream journalists – along with others commenting on manufactured housing – are likely to be unaware of or easily digest, even if they are getting input from manufactured home industry sources. And what If those journalists take the easy step of calling the Manufactured Housing Institute? Hold that thought for later, below.

Then, there’s the ‘reputation,’ ‘stigma,’ or ‘image’ of the HUD Code manufactured housing industry.

Journalists are people too. Stating the obvious can bring clarity to issues. ‘Reports’ such as Last Week Tonight with John Oliver’s satirical hit video on manufactured housing arguably has an outsized influence on others in media.

Unless a journalist or media outlet is motivated to look more closely, it’s like challenging any mainstream narrative that could well have a strongly differing worldview. How many will have the chutzpah to bring forward a contrarian position – however fact-based – in the face of a media dominated by only a handful of mega-corporate interests?

 

MediaLandscapeRecodeApril2019DailyBusinessNewsMHProNews

 

Frank Rolfe, who with his partners in their operations has sparked numerous controversies of his own before Oliver’s spotlighted video hit, was nevertheless correct about several things with respect to mainstream media reporters. The video clip below and the quotes by Rolfe linked here are just some of the ways that media has been given the wrong impression.

 

 

It is an entirely fair question to ask, how has Rolfe and his partners influenced the media impression of manufactured home communities and the industry at large? Beyond the Oliver video, a sense of that can be had from the video below, which on this date has had over 1.8 million views.

 

 

Publisher L. A. ‘Tony’ Kovach’s column in the Jacksonville newspaper Florida Times Union plus others in the Sunshine state that carried the same linked commentary noted the following common thread.  The problematic firms in Oliver’s misnamed “Mobile Homes” viral video report is the Manufactured Housing Institute (MHI) and Berkshire Hathaway brands in manufactured housing.  A relatively few ‘big boy’ brands and operating principles are creating an outsized negative influence on the impression made in the mainstream media. That same Op-Ed by Tony Kovach also noted the need and value of manufactured homes, and the connection to the also viral “Seattle is Dying” video, which can be accessed in the report linked via the text-image box below.

 

Why is Seattle Dying? Affordable Housing, Misplaced Compassion, and Manufactured Homes

 

It is Warren Buffett led Berkshire’s money that can be traced through so-called ‘dark money’ trails to “Manufactured Housing Action” or MHAction. The ‘white paper’ flashed by Oliver in the video was co-authored and co-branded by MHAction.

 

MHActionPrivateEquityGiantsConvergeManufacturedHomesLastWeekTonightJohnOliverMobileHomesVideoStillMHProNews

You build a case, by laying out the evidence, one fact at a time.

 

Rephrased, Buffett, Berkshire brands, MHI, key MHI members, and MHAction – by a combination of action and inaction – can stoke headwinds that are entirely unforeseen by most independents. Why? As a number of independents have told MHProNews, they are so focused on their day-to-day efforts, that they have little time to ponder such macro issues.

Those that do know, or have begun to grasp the matter, already had a healthy respect born out of fear and necessity for 21st, or the TRU line of homes that Clayton has grabbed serious market share with.

 

ClaytonHomesTunicaShowTRU13.3PercentHUDCodeMarketShareTotalNonBig3Production20PercentClaytonHomesLogoMHProNewsLogo600

 

The Final Place Setting on Today’s DVLY Media Release Table…

In a more normal world, or less manipulated marketplace, home such as Deer Valley’s would be flying off the production lines. Absent the influences of media reports like John Oliver’s “Mobile Homes” video, well informed retail buyers would be lined up to buy appealing yet affordable housing products like theirs. Bear in mind that just 5 years before Buffett pulled the trigger on manufactured housing by acquiring Clayton and other industry brands, manufactured housing was selling 4 times more homes than the industry is today.

 

3ErasMobileHomesManufacturedHomesManufacturedHousingImprovementActEraSkylineChampionShipmentProductionGraphicMHProNews

In 1998, manufactured homes (MH) outsold RVs by some 3 to 2. In 2017, RVs outsold MHs by some 5 to 1. RVs recovered far more quickly from 2008. The facts raise questions. One, is the effectiveness of MHI as the post-production or ‘umbrella’ association in the country. The other question is more sobering. Has Buffett-Berkshire “Moat” strategies kept manufactured home production at historically low levels to allow a few big boy brands to consolidate others at a discounted ‘value’ by MHI insiders?

 

Other brands beyond Deer Valley could be named here, such as Solitaire Homes, which for decades has built and sold HUD Code manufactured homes via their own vertically integrated retail locations.

Why isn’t Solitaire – or any other independent producers – doing significantly more business than they in fact are doing? The vexing answers are found in the items linked from within this report, or in the related reports linked after the byline and notices further below.

The influence of misinformed media and a misguided public on the housing marketplace isn’t just in the U.S. Canadians and Austrians are among those moved by reports about manufactured homes that are coming out of the U.S.A.

It is with this backdrop that one of the following linked 300 word summaries in mainstream media ought to be carefully considered.

 

  Jacksonville

  Gainesville

  Lakeland

  Winter Haven

 

In the light of such overbearing realities, a press release by Deer Valley or anyone else in the industry to mainstream media gets only a passing look by most writers.

That’s more than a shame.

The impact isn’t only on Deer Valley, but on essentially any independent one might name. This post outlines a tragedy in our nation, because millions are seeking the affordable homes that Deer Valley or numerous other independent builders of any price-point HUD Code manufactured homes produce.

 

DeerValleyHomebuildersMossyOakSeriesVideoStillDailyBusinessNewsMHProNews2

Still from DVLY video. Their new video is high quality, and makes a positive portrayal of the target audience and model home toured.

 

Those points noted, here below their appealing new video is the Deer Valley press release.

 

 

Deer Valley Partners with Mossy Oak to Create the First-Ever Nativ Living Manufactured Home

GUIN, Ala., April 19, 2019 /PRNewswire/ — In a world of buzzing smartphones and endless emails, outdoor enthusiasts know that there’s nothing like spending time in nature to take a break from the daily grind. That’s why Deer Valley has partnered with Mossy Oak’s Nativ Living Series to help bring the beauty of nature indoors through the creation of the “Robin’s Nest”: a three bedroom, two bath manufactured home for those whose passion for the outdoors inspires them to bring those elements inside.

Deer Valley Homebuilders partners with Mossy Oak to bring you the Nativ Living Series of homes!

Deer Valley’s affordable, high quality homes and commitment to environmentally-friendly construction practices makes a partnership with Mossy Oak a natural fit,” says Ronnie “Cuz” Strickland, Senior VP at Mossy Oak.

The Robin’s Nest is a 1,920 square foot, first-of-its-kind prefab home which combines Mossy Oak’s signature nature-focused designs with Deer Valley’s top-of-the-line construction, ensuring that homes are built using the highest quality construction materials in a climate-controlled factory facility.

We’re proud to partner with Mossy Oak to create an ideal home for any sportsperson, whether you’re looking for the perfect family retreat or a new deer camp headquarters,” says Joey Aycock, Director of Sales at Deer Valley Homebuilders.

Because your home should be every bit as enjoyable as a day spent in the woods.

Stay tuned for the construction of three variations of the Robin’s Nest, coming soon!
WL-MOIL-7206 – “Robin’s Nest Outdoor Closet”
WL-MONL-7206B – “Robin’s Nest Man Cave”
WL-MONL-8037 – “Robin’s Nest 4 Bedroom”

Deer Valley Homebuilders
Deer Valley Homebuilders is the number one source for quality manufactured homes that are heavy-built to last a lifetime. 

Mossy Oak Nativ Living
Mossy Oak Nativ Living is for those who are drawn to the beauty of nature and whose passion for the outdoors inspires them to bring those elements into their home. Using textures, colors, elements and designs inspired by nature, Mossy Oak Nativ Living offers a variety of products to complement any cabin, home or lodge.

 

 

DeerValleyHomebuildersMossyOakSeriesVideoStillDailyBusinessNewsMHProNews

Another video still from their new production in conjunction with Mossy Oaks.

###

Deer Valley (DVLY) is one of the stocks tracked in our evening manufactured housing market report. Last night’s data is linked here.

 

The Wrap  

A competing trade media site approached our publisher at an event at the Tunica Show in March, 2019. With others in earshot, that competing professional objected to the statements in the graphic that follows below, thinking that they were targeted at their work product. In response, Tony Kovach explained that Clayton Homes, as well as other brands or sites, use 3D visual tours, high-quality videos, and other eye-catching images.

So the comments that follow aren’t a put down of any specific company. Rather, it is an observation that is objectively and demonstrably true. Until the core issues are addressed, the impact of great visuals will sadly be nominal.

There is widely acknowledged affordable housing crisis. Manufactured homes as an industry are underperforming. The shipment data reflects that point.

 

Febuary2019NewHUDCodeManufacturedHousingShipmentData

That begs the question, why?

 

LATonyKovachHenryFordQuotesPrettyPicturesAchieveGoalsDailyBusinessNewsProNews

 

That’s this morning’s episode of manufactured home “Industry News, Tips, and Views Pros Can Use” © where “We Provide, You Decide.” © ## (News, analysis, and commentary.)

 

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

Related Reports:

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Watchdogs? Attack-Dogs? The Smear, and Manufactured Housing

April 12th, 2019 Comments off

SharylAttkissonTwitterWatchdogsAttackDogsTheSmearManufacturedHousingDailyBusinessNewsMHProNews600 

The historic vision in America for the news media is to hold the powerful to account. To be a voice for the voiceless.  Investigating concerns about governmental, criminal, or corporate malfeasance are what made for riveting reports that sold newspapers or caused channels to be turned to for some breaking, relevant news report.

 

Unlike numbers today, we believe that mainstream news reporting absolutely still occurs. That reporting – to varying degrees – occurs on both sides of the left-right divide.  But the reason that media has lost so much credibility, per surveys, is because the independence and objectivity of news reports have been called into question.  The fact that Sharyl Attkisson – among others – has devised a list of left-right media bias is itself revealing, and saddening.

 

 

The Smear, Media, and Manufactured Housing

Speaking of the media, today Sharyl Attkisson’s team provided the Daily Business News on MHProNews her expert insights on Smear Tactics as they are used in the media.

Here are the top-lines and neatly notes Attkisson provided here, as published last month in the Hill.

 

 

SharylAttkissonTwitterPhotoDailyBusinessNewsMHProNews“I Dream of a World Without Smears”

Smear /smeer/: noun

  1. Carefully timed and publicized release of negative material, true or not, about a target.
  2. Character assassination.

Bork, Thomas, Hill, Clinton, Clinton, Beck, Imus, Palin, Biden, Obama, O’Reilly, Sanders, Trump, Hannity, Kavanaugh, Northam, Klobuchar, Carlson …

Smears have become a distasteful staple in our media diet. The nonprofits, LLCs, super PACs, PR firms, crisis management companies and global law firms that organize and promote smears have formed a multibillion-dollar industry. They’re profiting beyond imagination.

Are we?

After interviewing many players who work in the smear industry, I came up with three characteristics that qualify an accusation as a smear. The determination of whether a particular attack is, in fact, a smear lies not so much in the truth of the accusation, but in execution and motivation.

In a smear:

▪           The media are used as a tool in an organized effort to amplify accusations, true or not, in a fashion disproportionate to the alleged offense.

▪           Though moral outrage is voiced, the accused actually is targeted for entirely different reasons, usually in a campaign by political or financial competitors.

▪           The goal of a smear is the target’s destruction.

When a smear is launched against someone we don’t like, we may be happy to enjoy the ride. If it’s against someone we like, we fret about how unjust it is. But we seldom step back and see the big truth: We are little more than an unwitting audience watching a scripted play. There are behind-the-scenes producers, writers and actors. They are experts at working the media, plucking our emotions and prompting their desired results. They carefully time each allegation, roll out demands for apologies or resignations, and organize “grassroots” boycotts.

 

##

SharylAttkissonAuthorJournalistStonewalledWikipediaDailyBusinessNewsMHProNews

 

 

With that backdrop from award-winning journalist and best selling author Attkisson, it seemed prudent to see what bias, if any, Last Week Tonight with John Oliver portrayed, per third party sources.  So MHProNews looked.

 

HBOThisWeekLastNightMediaBiasInfluentialShowDailyBusinessNewsMHProNews

MediaLandscapeApril2019HBO-ATTTimeWarnerDirectTVDailyBusinessNewsMHProNEws

More than one left-of-center outlets described it and HBO as ‘liberal’ leaning programing.  Fair enough.

That’s interesting, because a reportedly liberal program has taken dead aim at a progressive billionaire icon.  That would be Warren Buffett, who drew a healthy dose of Oliver’s satirical wrath.  If you’ve not yet seen the video and report, check it out at the linked text-image box below, along with an analysis, and fact-check.  BTW, what follows is the number 1 fact check on this viral video on this date.

 

HBO’s John Oliver on Last Week Tonight Mobile Homes Video, Manufactured Home Communities Fact Check

 

Back to Mr. Buffett, the person who supported Secretary Hillary Clinton, or Senator-turned President Barack Obama.

That would also be the same Buffett who is Chairman of Berkshire Hathaway, that includes brands like Clayton Homes and their related lending units.  Those firms reportedly dominate the Manufactured Housing Institute (MHI).

Now what’s odd about that is the fact that Tim Williams, when he was chairman of MHI, said that one of the risks to the industry was from the progressive agenda.  Would that be the same agenda that Chairman Buffett supports politically?

 

VicePresidentMikePenceWifeKarenHandOverHeartPledgeColts49ersGameWashingtonTimesDailyBusinessNewsMHProNews

Notice. One can agree or disagree with 21st Mortgage CEO and prior MHI Chairman Tim Williams’ presentation, from which the slide above was taken with permission, while still questioning how it came to be that Williams was being intellectually at odds with Berkshire Hathaway Chairman, Warren Buffett. To see all of William’s informative slides, click the graphic above. http://www.MHProNews.com/industry-news/industry-in-focus/is-tim-williams-21st-mortgage-ceo-mhi-chair-at-odds-with-berkshire-hathaway-chairman-warren-buffett

WarrenBuffettBillClintonHillaryClintonBarackObamaKevinClaytonNathanSmithPhotosDailyBusinessNewsMHproNews600

The Hustle, in their review of the John Oliver video essentially called Buffett a fake liberal fraud, posturing being a do-gooder, while actually taking advantage of the poor. Here is how they said it: “Buffett has long been viewed as a corporate hero. The more he complains about his secretary having to pay higher income tax than he does, the more people view Big B as some rich do-gooder. But Clayton homes’ manipulative business model, which Buffett immediately saw dollar signs in, contradicts many of the ideas of fairness for which Buffett is known.”

 

What those sources didn’t say is how the Buffett empire came to dominate the manufactured home market, and how that impacted customers or independent businesses.  ICYMI, or need that refresher, see that at the linked text-image box below.

 

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

By the way, no Clayton, 21st, or MHI senior leader has publicly challenged the accuracy of any of these points. MHProNews has asked them, and their attorneys, to do so. They’ve ducked out every time for some 2 years.  Given the report linked above uses their own words and documents, how could they deny it, with a straight face?

Now, there are several possible ways to consider these facts on top of other facts.  Manufactured home industry professionals who want to believe and support Clayton and MHI are left with a dilemma. Either Williams and Buffett don’t see eye-to-eye on politics, or there is some kind of head-fake going on, right?

Let’s not forget that Secretary Clinton, as the Democratic candidate for the White House pledged to keep Dodd-Frank intact.  Hmm, so the MHI sponsored Preserving Access to Manufactured Housing Act was backed by Tim Williams, 21st, Clayton Homes, and their allies – but Warren Buffett was backing a candidate that opposed that same legislative bill?

These apparent contradictions lead to another question.  If Buffett, Williams, and Clayton are willing to give a head-fake on one thing, and another, is it unrealistic to think that they might do so on something else of consequence?

 

Holding the Powerful to Account

The media is supposed to hold the powerful to account when the crossed a line.  Are they going to play the role of watchdog?  Attack dog?  Will they take part in a smear?

What shouldn’t happen is that reports that hold the powerful to account, is that others get swept up who are bystanders, making the innocent and the alleged wrongdoers – or their victims – all look badly.

Buffett and a few of his uber-rich, MHI supporting buddies are exposed in this video by John Oliver.  Okay.  But do the independents and honorable people in the industry wanted to be tarred and feathered along with them?

 

InBusinessWorldRearViewMirrorClearerThanWindshieldWarrenBuffettLifehackquotes-postedManufacturedHousingIndustryDailyBusinessNewsMHProNews

Keep in mind that Warren Buffett has said that the lesson of history is that people don’t learn the lessons of history. He and his allies count on busy professional people not looking in the rearview mirror of history. When we look back at just the last few years, isn’t it apparent that Buffett supports one thing, his minions claim to support the opposite, and the industry is being lead down blind allies? Meanwhile, the data suggests that industry has not yet recovered to the level that it was when Buffett bought Clayton in 2003. Does keeping the industry at a low level of production allow for more industry consolidation, and also keep more new competitors out?

 

That’s enough food for thought on a Friday night.

But for those who want to dig deeper into these mysterious issues, see the linked related reports, below the byline, offers, and notices that follow. That’s tonight’s edition of “News through the lens of manufactured homes, and factory-built housing.” © where “We Provide, You Decide.” © ## (News, analysis, and commentary.)

 

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

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NOTICE 2: Readers have periodically reported that they are getting a better experience when reading MHProNews on the Microsoft Edge, or Apple Safari browser than with Google’s Chrome browser. Chrome reportedly manipulates the content of a page more than the other two browsers do.

(Related Reports are further below. Third-party images and content are provided under fair use guidelines.)

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2) To pro-vide 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 Re-sources

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:

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

 

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Warren Buffett Wades Into Politics, Why Not John Oliver’s Piece on “Mobile Homes?”

April 11th, 2019 Comments off

WarrenBuffettWadesIntoPoliticsWhyNotJohnOliversPieceOnMobileHomesDailyBusinessNewsMHProNews

Billionaire investor Warren Buffett is once again wading into the topic of politics,” according to CNBC in an article linked here.

 

The article is entitled, “Warren Buffett wants to ask the 2020 presidential candidates this 1 question.” The Daily Business News on MHProNews will explore that as our focus for this post, but first we will ask this question. Since Buffett surely must know about John Oliver’s blast at him and his company, why didn’t he wade into that topic too?  You can learn more and – see the Oliver video with a withering fact-check – at the link below.

 

HBO’s John Oliver on Last Week Tonight Mobile Homes Video, Manufactured Home Communities Fact Check

 

Or was Oliver’s comedic hit on Buffett, Clayton Homes, and numbers of key members of the Manufactured Housing Institute (MHI) too challenging a topic for the Oracle of Omaha to delve into?  Is Oliver’s hit a shark in the water, launched by MHAction, which a money trail reflects has had funding from Buffett backed entities?

We’ll let those questions hang for industry professionals, investors, and advocates, as we unpacked part of what CNBC reported on the Solon of Stocks who hails from Omaha wants to ask 2020 candidates.

The following bullets are pull quotes from CNBC’s article, linked above.

  • Buffett, who supported Democrat Hillary Clinton in the 2016 presidential election and has previously weighed in on whether or not executives like Michael Bloomberg or former Starbucks CEO Howard Schultz would make good candidates, said in a recent interview that there is one question he would want to ask the field of candidates planning to run for the White House in 2020.
  • I want to hear what they tell people who disagree with them,” Buffett told Yahoo Finance on Monday. “I would like to ask a candidate: ‘What are you for that the majority of your followers are against?’” That’s the best way to be sure that a candidate really believes in a particular issue, according to Buffett. “That’s really the test,” he says in the interview.
  • Those comments from Buffett came in response to a question about whether the billionaire would ever ask a candidate what they think about the economy or other issues. Buffett laughs and points out that any candidate would probably just “tell me what I want to hear” to win his support, which is not what the billionaire would want.
  • For Buffett, being strong-minded but having enough respect to hear out someone with a different opinion or point of view is a positive thing.

Let’s stop right there for now. We’ve asked the Berkshire brands in MHVille, and their purported national mouthpiece, the Manufactured Housing Institute (MHI) to apply a standard quite like that last bullet from their boss, Buffett.

For years, Jim and Kevin Clayton, Tim Williams at 21st, top or mid-range MHI officials – they all responded to our MHProNews inquiries, often within the hour. About 2 years ago, all of that stopped.  Which begs the question, why? Why not reply to the manufactured home industry’s most read trade media?  Why not apply this Buffett rule outlined in this CNBC interview of direct, respectful engagement?  Or of listening carefully to what the other side has to say?

Let’s remind readers of this penetrating quote from Joe Concha at the centrist publication, the Hill, and move on with our analysis of CNBC’s interesting piece.

 

IfYoureWillingtoAbandonPrinciplesConveincesocialAcceptabilityNotPrinciplesCostumeJoeConchaTheHilInspirationlMHProNews

 

So Sayeth Buffett – About Investing, and About Politics…

Here are more bullets from the same read-hot, and ‘trending’ CNBC piece.

  • For example, Buffett and his Berkshire Hathaway right hand man Charlie Munger, “disagree on a few things,” Buffett told CNBC in 2018, and that’s often been helpful.

 

  • Charlie, he’s given me a lot of good advice over time,” Buffett told CNBC in a 2016 interview. “And, I may hate to take it to a certain degree, but sometimes — but my decisions have been better. I’ve lived a better life because of Charlie.”

 

  • Billionaire Ray Dalio also thinks listening to those who disagree with you is essential. It’s a hallmark of the culture that Dalio has created at his hedge fund, Bridgewater Associates, which he calls “radical transparency.”

 

  • I just wanted to see things through [employees’] eyes and to have them see things through my eyes so that together we could hash things out to discover what’s true,” Dalio said.

 

  • Billionaire tech entrepreneur Peter Thiel also likes to ask a similar questionto Buffett’s when interviewing job candidates: “What important truth do very few people agree with you on?”

 

 

  • The question is more difficult to answer than you might think, Thiel writes in his book, “Zero to One,” as it requires candidates to show both creative thinking skills as well as the courage to voice an unpopular opinion.

 

  • It’s intellectually difficult because the knowledge that everyone is taught in school is by definition agreed upon,” according to Thiel. “And, it’s psychologically difficult because anyone trying to answer must say something she knows to be unpopular.”

 

  • Meanwhile, Buffett identifies Vermont Senator Bernie Sanders as one presidential candidate who would not be afraid to answer Buffett’s question about unpopular views he holds. Buffett tells Yahoo Finance that Sanders’ followers see him as “authentic,” adding: “if you asked him you what he was for, that most people might be against, he would tell you.”

 

WhatWarrenBuffettWantstoAsk2020CandidatesDailyBusinessNewsMHProNewsCNBC

It is the contrarians who can earn the outsized rewards, not those who run with the pack. We ask the contrarian questions on MHProNews, through the lens of industry pros, not as mere ivory tower observers.

 

There are many questions and topics we’d like to ask Warren Buffett about.  Some of them are linked further below in the related reports, which follows the byline, offers, and disclosures.

Buffett postures being this folksy billionaire titan who loves Democrats, and who says he wants hire taxes.  Really?

  • Then why doesn’t he just write a big check to the U.S. Treasury? 
  • Or instead of asking the federal government to do stuff for the common man and woman, why is he allowing business practices in manufactured housing that seems to go against those principles he claims to espouse? 
  • Why didn’t Clayton Homes and MHI exert influence in Bryan, where their city council just voted against allowing manufactured homes where they were previously allowed to be placed?

 

HumanitiesValueBuisnessCriticismDissentWhenGoingAlongGetAlongWhereWhistleblowersDiscouragedBadThingsHappenBusinssesImplodeMarthaCNussbaumPhotoQuote

Design by MHProNews.

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

 

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

NOTICE: You can get our ‘read-hot’ industry-leading emailed headline news updates, at this link here. You can join the scores who follow us on Twitter at this link. Connect on LinkedIn here.

NOTICE 2: Readers have periodically reported that they are getting a better experience when reading MHProNews on the Microsoft Edge, or Apple Safari browser than with Google’s Chrome browser. Chrome reportedly manipulates the content of a page more than the other two browsers do.

(Related Reports are further below. Third-party images and content are provided under fair use guidelines.)

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2) To pro-vide 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 Re-sources

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

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

April 6th, 2019 Comments off

 

MoneyMinoritiesManufacturedHomesFoilingAmericanDreamAffordableHousingDailyBusinessNewsMHProNews

At the heart of what’s known as the American Dream is the ideal of home ownership and private property.  While millions may want affordable rentals, what study after study reflects is that the vast majority prefer to own rather than rent.

 

When millions are misinformed about a subject, it begs several questions. Among them – why is there misinformation? Cui bono? Who benefits from the misinformation?

Affordable housing is in crisis in every state in America. Go north of the border to Canada, a similar scenario exists there too.  

 

Land is plentiful in North America. The question of transportation to and from places of work or business is an issue, as congestion in cities like New York leads some there to ponder a tax each time a vehicle enters as one so-called ‘solution’ to their challenge.  Isn’t it interesting how some quickly turn to a tax – a penalty or cost – that discriminates disproportionately against the least economically advantaged? But let’s move on to the central issues noted in the headline.

 

HomeOwnershipRatesBlacksWhitesZillowManufacturedHomesDailyBusinessNewsMHproNews

GoethalsRdManufacturedHOmeCommunityDailyBusinessNewsMHProNews

manufacturedhomecollage-entrylevelcapecodmultisectionalsinglesectional-creditmanufacturedhomelivingnewsmhlivingnews

Home ownership is generally the better financial option over renting, so long as someone can afford the investment in making the purchase and plans to stay for several years. The renter pays for their housing, just as the person with a mortgage pays for a home. The question is does renter ever own what they are paying for or not?  Isn’t the renter paying the landlord to build equity, that if it were a mortgage to buy, would otherwise benefit the tenant?

 

HUDSecretaryBenCarson5000networthRenters$200000NetWorthHomeOwnersDailyBusinessNewsMHProNews

 

Wealth creation is aided by home ownership. HUD Secretary Ben Carson made that point repeatedly during his stops in the U.S. after he became the head of the sprawling federal agency.  Home owners, said Secretary Carson, have an average household net worth of some $200,000. By contrast, renting households only had a $5,000 average net worth, the famous brain surgeon said.

 

ManufacturedHomesGAO2014ReprotCompareApartmentsSingleFamilySiteBuiltHousingManufacturedHomesMHLivingNews

The GAO determined in 2014 that manufactured homes are the most affordable kind of housing, often less costly to own than to rent. The National Association of Realtors “Making the Case for Manufactured Homes” came to a similar conclusion in 2018. See FAU professor Ken Johnson’s comment on the wisdom of someone buying a manufactured home vs. renting or another type of home ownership. https://www.manufacturedhomelivingnews.com/researchers-shake-up-american-dream-rent-vs-buy-ken-johnson-florida-atlantic-university-exclusive-to-manufacturedhomelivingnews/

 

Then why has HUD, state, and local governments paid lip service to affordable housing for so many years? Because the most proven affordable permanent home in the U.S. (or Canada) is a manufactured home. Yet they are increasingly being marginalized or discriminated against. How does one explain that pattern?

 

TheHUDCodeforManufacturedHomesisADiscriminationCodeMartyLavinJDMHIAwardWinnerMHRetailFinanceExpertCommunitiesOwnerPhotoQuoteMHProNews

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

 Isn’t this part of the antidote to the t-word nomenclature issue? See the video interview with Donald Tye, Jr. at this link here.

 

Information Wars

A Manufactured Housing Institute (MHI) member who is not a dual member with the Manufactured Housing Association for Regulatory Reform (MHARR) told the Daily Business News on MHProNews that he is “ready for info wars.”

It was a keen insight. It was a kind of polar opposite to Skyline’s Terry Decio’s lament to MHProNews a few years ago, “I’m tired of being the best kept secret. I’m ready to help house America.”

Those are statements from two different MHI-only member producers of manufactured homes. Both consciously or not are fingering the same issue. Information. Understanding. That de facto points to their opposites or possible causes, which are misinformation or misunderstanding.

 

TerryDecioSkylineChampionHomesPhotoQuoteImTiredofManufacturedHousingbeingBestKeptSecretReadyHelpHouseAmericaDailyBusinessNewsMHProNews

 

In the Bible there is a story told of a man who finds a treasure in a field. He hides it again, goes and sells what he needs to in order to buy that field and own the treasure legally. That treasure hunter didn’t want the facts of his discovery to become known, or else he might lose his opportunity.  That story has many morals, insights, and takeaways. One is that knowledge was a potential advantage — but limiting that knowledge for a time was an advantage to that person who wanted the treasure.

Whoever better controls the understanding of manufactured housing can influence the value of manufactured homes and businesses in the factory-built housing industry. Misinformation benefits some, while harming others.  Hold that thought.

 

 

The Vast Right Wing Conspiracy?

ClintonImpeachedWashingtonPostDailyBusinessNewsMHProNews

While there are agendas and bias in media, and it has long been so, it would be an exaggeration to say that all news is fake news. MHProNews believes in a wheat and chaff approach with all people, sources, and things. Keep the good wheat, ignore the rest of the chaff.

Hillary Clinton, while First Lady to then President Bill Clinton, spoke of “a vast right-wing conspiracy” against her husband and herself. It was utter nonsense, of course, a mere head fake to distract from the reality that caused Bill Clinton to be impeached and lose his license to practice law. But it was also an absurd claim on its face, given that at that time much of the media was in primarily progressive or left-leaning hands.

Talk radio host Rush Limbaugh was a rising star and a favorite target of the left in those days, just as CNN, MSNBC, the Washington Post or New York Times are targets for several voices on the right today.

Each has a point, as right-or-wrong, they all have hidden or open agendas.

Far better to note or find the unvarnished truth than buy into someone’s spin. But as Shadows of Liberty reflected, or more recently Sharyl Attkisson has documented, various media have their own unique agenda(s). But that doesn’t require secret society meetings or a formal conspiracy to coordinate those voices.

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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/

The keen insight of Reagan Administration Secretary of the Interior, James Watt notes below is still apt. Google doesn’t have the exact quote, but his keen insight goes something like this.

I don’t believe that most of what some call conspiracy theories are actually conspiracies. What I do believe in are people
with common interests, acting in ways that benefit their common interests, and that common purpose may appear to be conspiratorial
.’  – James Watt, former Secretary of the Interior.

Let’s use a hypothetical example. If you hire a motivated kiss-ass, and you let the kiss-ass know that you want X instead of Y, watch that kiss-ass work hard to deliver X to the best of her or his ability.

So Warren Buffett of Berkshire Hathaway fame doesn’t need a memo to go out to the Urban Institute or the Manufactured Housing Institute (MHI) in order for them to behave in a certain way. Kevin Clayton doesn’t have to send a memo to MHAction, asking them to protest group A, instead of group B. All that is needed is to hire or recruit people who behave in certain ways. Behavior becomes fairly predictable, once a person or group are understood.

Hypothetically, if Buffett wanted to use Berkshire’s deep pockets potential to buy all of manufactured housing up, he could. What stops him from doing that are antitrust laws, the legal barriers that keep someone or some organization from monopolizing a marketplace.

 

JamesGWattPhotoQuoteIdontBelieveinConspiracyTheoriesPeopleWithCommonInterestsActingInWaysAppearConspiratorialDailyBusinessNewsMHProNews

 

So if you wanted to monopolize a market, and avoid federal or other legal scrutiny, how would you do it? Using the purported Buffett method, you buy a castle (a metaphor for a fine business in a sensible industry) with a good Moat, and then you deploy everything you can to widen and deepen that Moat slowly over time. You drive competitive players out, by what may appear to a causal observer to be market forces.

 

UnderstandingWarrenBuffettCastleMoatMetaphorsQuotesDailyBusinessNewsMHProNews

Never forget that even during medieval times, castles and their moats were in fact breached. It takes courage, intelligence, and sound planning, but the artificial moats that hinder manufactured housing could be breached by using a robust application of existing laws.

 

Part of how that could theoretically be accomplished is to weaponize media and public perception against that business’ interests. One might blur the distinction between a mobile home, a trailer house, and a HUD Code manufactured home. Make the term ‘trailer trash’ truly demeaning. Increase the regulatory barriers for that product/service. Force the little guy out of business entirely, causing an independent to sell out for less than their intrinsic value. If there’s no sale, watch their business go bankrupt.

Never mind, to the mercenary greed of those who might use this method, that tens of millions are harmed by such a process. Pay no heed to the social, taxpayer, or other cascading calamities this tragic ploy sparks.

 

 

In science, one might not always be able to directly prove X. But one might eliminate several possibilities as explanations for X. For the truly fortunate scientist, they can both demonstrate a smoking gun evidence for a hypothesis, and also use Occam’s razor to eliminate other possible explanations too.

Buffett’s Berkshire could afford to educate the public about manufactured homes quite readily in the course of perhaps a year or two. You wouldn’t use stupid advertorials to do that if you have access to billions, and could make hundreds of billions in gross revenue annually from a potential business.

 

You might instead:

   use your extensive media contacts, to consistently correct every bit of misinformation that exists. Berkshire brand 21st Mortgage CEO Tim Williams suggested something similar. And/or,

   use your own BH Media Group to correct the record day-by-day until people grasp the amazing reality of manufactured homes.

   You might have MHI publish openly – rather than hide or fail to publish on their website (one of several examples, is linked here) the most effective third-party information or arguments for manufactured housing.

   You might not allow Clayton Homes staffers to use the term ‘mobile home’ or even ‘trailer house’ in videos or social media posts that they do (examples on YouTube).

   You might ask your billionaire buddy who owns Netflix or Amazon to put out a new hit TV series that has the hero and heroine living in a manufactured home, and have friends that do too, the polar opposite of having something like the Trailer Park Boys. Make manufactured home living cool and smart. Stress how environmentally sound manufactured homes are, how much more appealing they are, and of course how much money you save.

 

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

   You might have a new resident manufactured home owner group form that works with industry to successfully address issues, instead of working against the interests of industry.

   You might allow the Government Sponsored Enterprises (GSEs), that you once held stock in, to enter the manufactured home market in a robust fashion, instead of in a toe in the water way.

   You might use your clout at HUD to get the 10/10 rule dropped on FHA Title I loans.

   You might use your clout at HUD to get them to enforce manufactured housing’s enhanced preemption, so that local zoning officials don’t keep minorities or others from buying a manufactured home, and benefiting from it.

 

The list could go on, but do you see the point?  Isn’t the list above the common-sense or obvious things you’d do if you actually wanted to promote manufactured home living into a mainstream form of housing?

That begs the question. Why instead has the Omaha-Knoxville-Arlington axis failed to do such obvious things?  We believe these to be people of above average intelligence and motivation. Then how does one explain their repeated failures for some 15 years to do the obvious?

 

 

Explaining ‘Leadership’ Failures  

The industry’s so-called leaders have arguably failed on several levels to do whatever is obviously in the industry’s best interests if robust growth were the immediate goal.

Which leads one from direct evidence of purported restraint of trade and market manipulation and indirect evidence like the above to a vexing, but logical conclusion. The powers that be not only don’t mind minorities or others to be trapped in renting for years on end.  Rather, it benefits the billionaires and multiple billion dollar value operators in a twisted way to keep millions trapped in poverty, if the goal is to consolidate the affordable manufactured home industry slowly over time. It fits the Buffett quote below to the tee.  

 

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It also fits the Buffett quote below about Moats too.

 

GoodBusinessIsLikeAStrongCastleWithaDeepMoatAroundItSharksIntheMoatIwantItUntouchableWarrenBuffettQuoteDailyBusinessNewsMHProNews

Sometimes the truth is hiding in plain sight. Follow the facts, evidence, and the money.

What are the contrary arguments to such evidence? That’s a fair question.  We’ve asked that too. 

So we invited Kevin Clayton, Tom Hodges, Tim Williams, Rick Robinson, Lesli Gooch, and outgoing MHI president Richard ‘Dick’ Jennison to discuss or debate that contention in public and on video. They declined time and again for some two years now.

They most recently opportunity to attempt to explain to the industry’s professionals some alternative explanation was in Tunica on March 28th, 2019.

Instead, the powers that be since Tunica are suddenly putting out a flurry of MHI memos. They suddenly care about independent retailers enough to put on a so-called educational meeting that they charge them extra to attend. Omaha-Knoxville-Arlington Illusion of Motionas Mark Weiss, JD, President and CEO of MHARR dubbed it – has kicked into high gear.

It’s what another professional with deep MHI ties termed “razzle dazzle.”

 

DuckDodgeDismissDistractDetractDefameFromIssueTacticsByThoseWithNoGoodAnswersMHProNews-768x609

 

Hard Data vs Razzle Dazzle

But the latest new HUD Code manufactured home shipment and production numbers say it all. If they wanted to support independents, they could have done so for years.

 

Febuary2019NewHUDCodeManufacturedHousingShipmentData

 

Solutions? MHProNews don’t ask people to boycott Clayton or MHI for many reasons, including that it can be actionable or possibly even illegal. But we do ask people to ponder this, who are your true friends in the industry? Who is feeding you meaningful information vs. mindless blather? Who are your true enemies? Are you or your company feeding a hand that bites yours?  

Keep what an MHI member said in the opening of the article linked via the text-image box below.

 

Manufactured Housing Institute Members Defending MHI, Great Debate About Manufactured Home Industry Progress, Problems, and Profits

 

The industry’s giants can’t have it both ways. Logically, no one can. If you treat people and professionals like cattle, they get tired of not being heard and of getting herded. When you treat individuals like they are your chattel, their natural tendency is to rebel. 

There are good reasons why interest in creating a non-producers association is growing. More on that another time.

For now, we simply note what MHI award winner Marty Lavin said.

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?

 

Or what Frank Rolfe, a current MHI member, said.

 

 

We note too what former MHI VP Danny Ghorbani stated.

 

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But the point in this article is simple. The value of manufactured homes is amazing. It is what Ron Thomas, Sr. called “a phenomenon.” But that phenomenon is misunderstood. During an affordable housing crisis, creating so much misinformation around the solution that is hiding in plain sight requires something bordering on a magic trick.

But when an echo chamber effect is established, then the steady drum beat of a false narrative can seemingly become believable. Look at the Trump Campaign-Russia collusion narrative. Tens of millions bought that lie. Millions still want to believe it, after it has been debunked by what the president called over a dozen “angry Democrats” – attorneys who indeed favored Democratic candidates, and also worked for Special Counsel Robert Muller. 

 

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

 

Nor is that a bias against either party, as manufactured housing and affordable housing are bipartisan issues.

 

LATonyKovachGoodBipartisanshipShouldalwaysBepredicatedBenefitallhonestindustrymembersnotslectfewquote

The comment above was said with respect to another recent topic, but relates to this issue too.

It will take time and effort to deprogram the millions from each of those lies. It’s an info-war.

It will take information wars – using facts, reason, and truth over misinformation and fear tactics – to achieve the victory that could benefit tens of millions who are now renting. The rest are details and commentary, some of which are found via the linked reports below the bylines, business development offers, and notices.

 

NothingIsChangedUntilItisChallenged

 

If there is authentic concern for minorities or anyone who may be financially disadvantaged, manufactured homes are an option that must be better promoted and understood. Voices across the two major party divide have come to that conclusion. What’s next is the need for political and legal officials to act to break up such a monopolistic ploy.

 

Cui Bono? “Killing Me Softly,” Manufactured Housing’s New Theme Song?

That’s this Saturday’s Industry News, Tips, and Views Pros Can Use” © where “We Provide, You Decide.” © ## (News, analysis, and commentary.)

 

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

 

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HUD Code Manufactured Home Production Decline Persists – Time For Action Not Excuses

 

 

 

 

 

 

 

 

 

 

 

 

 

Warren Buffett Urges Government Care For People Who’ve Become ‘Roadkill’ – Video, Analysis

March 29th, 2019 Comments off

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In Hungarian (Magyar) there’s an expression that when translated into English goes something like this,The one making the accusation is the one guilty of the offense.”

Keep that penetrating phrase in mind as you digest what Warren Buffett said that follows.

In an interview with CNBC, Warren Buffett said the following:

 

  • We are prosperity. We should take care of people who’ve become roadkill because of something beyond their control … I think that’s the obligation of a rich country,” Warren Buffett says.
  • He said the benefit of free trade is rather “invisible,” and in fact the policy has done some damage to those dislocated workers.
  • In a country with $65,000 in GDP per capita … you do take care of the people that for one reason or another … have become roadkill…”
  • I’m 100 percent for free trade. I think it has benefited the country enormously and will continue to benefit it. But the benefit of free trade is invisible. … There’s nothing in Walmart that says you saved 8 percent because we bought this somewhere other than American manufacturers…”
  • You have this huge national benefit unseen but you ruined the economic lives of people who are 50 or 55. They are not going to be retrained and relocated … they became uneconomic in the world of economy. Rich countries can take care of those people to follow policies which benefit all of us to take care of the relative few who are dislocated.”

 

The Journalistic Questions…

When trying to unpack what someone is doing, the basic questions of a trained journalist are, “Who, What, When, Where, Why, How, and How Much?” And then “Follow the Money…”

Recall that historically and biblically, money is not evil. Money is considered a blessing. Rather it is the inordinate, disproportionate love of money in an exaggerated way, that is the evil. Making anything that is not God, into a deity to be worshiped, that’s idolatry.

Back to Buffett and his comments. So, who are the ones that promoted that so-called free trade?

If Buffett admits that so-called free trade” has “ruined the economic lives of people,” in what sense is that trade “free?”

There is, as the entitlements system is currently constituted, a taxpayer cost for those who are displaced by “free trade.” Those with multinational aspirations are benefiting from shipping jobs overseas, and then they expect the federal government to take care of those whose lives they’ve helped destroy?

Why do people who want to work feel a loss of a sense of personal value when their job gets shipped overseas or south of the border?  Why do some turn to problematic practices in the wake of that disruption in their lives?

But there is still more to this ruin that hollowed out once great cities like Detroit than meets the eye.

That shipment of jobs overseas slowly erodes the American economy.  A nation must produce in order to have wealth.  If the production is lost, then wealth is lost, albeit it may be lost by many, but still can benefit a select few. Free trade is not ‘free,’ rather, it is ‘costly trade.’  Take one more look.

When jobs are shipped to communist China, for example, there is no less than a triple cost, plus the ripple cost.

  • First, that lost job in the U.S.
  • Second, the taxpayers may end up picking up the tab for entitlements that Buffett and others says he now wants the federal government to make.
  • Third, the U.S. has to pay more for national defense, because we’ve just made – for example – China richer, and part of that Chinese wealth goes into their growing military might. It’s a prescription for slow, national U.S. suicide.

In terms of the ripple effect, U.S. companies that want to stay competitive, now feel they too must buy products from overseas.  Still more American jobs are lost.  The vicious cycle goes on. Free trade? Hardly.

 

Walmart and Clayton Homes

There is nothing wrong with wealth honestly earned. Rather, honestly earned wealth should be celebrated.  But when that wealth is earned through a manipulation of the American economic system, why should the bulk of the people pay for that dislocation which was caused by the mega rich doing the manipulation?

For those who care to recall, back in the 1980s Walmart – Buffett’s example – used to advertise that their products were routinely “Made in the U.S.A.” Planned or not, when they began to shift those purchases to nations overseas, that slogan at Walmart was dropped, but shoppers weren’t told that those products were now “Made in China” or wherever.  Tens of millions were now trained to shop at Walmart.

Independent businesses vanished. Why is it that so many smaller towns, that thrived pre-Walmart, are now becoming ghost towns?  Once Walmart put them out of business, they often closed the local Walmart, only to open a Walmart Supercenter several miles down the road.

It’s another form of the economic moat system that Buffett and Clayton are purportedly using, per their own statements in manufactured housing, linked here, here, and here.

Bulk buying power gave Walmart an edge over smaller, local competitors. Walmart’s strategy that put smaller rural businesses, out of business, is not so different than part of what Clayton Homes has arguably done in several markets. Clayton has closed, per their own information, 100 (+/-) retail centers that were losing money.  Sources have told MHProNews that before closing those stores, in various cases, independent retailers were put out of business first. So, Clayton’s strategic and economic moat was expanded, as more independents were driven out of business.

It must not be forgotten what Kevin Clayton said in the video linked here.  Kevin said that it would be okay with “Warren” if he (Clayton) lost money for 5 years, so long as he was increasing the Clayton manufactured housing moat. Clearly, if it is okay to lose money company wide, then it is obviously okay to lose money at a retail center for a time, so long as competitors are being put out of business.

 

 

Once the Buffett mindset is better understood, what sounds like altruism turns out to be greed in disguise.  If a firm decides to move overseas, why should they dump the cost of those men and women who have been displaced onto the rest of society?  Why isn’t there a provision where the firm has some direct level of responsibility for the economic harm their decision causes?

That’s rhetorical, but it underscores how Buffett and others like him are okay with shipping jobs overseas and letting taxpayers foot the bill. They get to sound caring, when in fact it is those shipping jobs overseas that slowly hollows out America. Play that scenario out to the horizon, and there would be no one working in the U.S., save on minimum wage type positions. Once robotics takes those over, then what?

 

 

While one may agree, disagree, or be neutral about the Trump Administration’s style, the 45th president is arguably right to try to use tariffs, tax cuts, regulatory reforms, and other tools to ‘bring back’ U.S. jobs. By making U.S. energy more plentiful, that makes it less costly. That helps level the playing field between nations that are more energy dependent on others.

Then President Obama mocked candidate Trump, saying ‘what magic wand did Donald Trump have to bring back manufacturing jobs?’  Per then POTUS Obama, those jobs ‘were never coming back.’

POTUS Trump has proven with some 600,000 new jobs in American manufacturing alone in just 2 years, that work like steel, automotive, and other plants can be brought back to the U.S.  The wages of workers is going back up.  Controlling immigration is another example of how POTUS Trump is trying to use the law of supply and demand to help American workers, who are in turn voters.

For those who care more about style than substance, they may never grasp the genius behind the Trump economic plan.  Tariffs historically were part of what protected American industries and made our nation richer than others to begin with.  Keep in mind that tariffs used to pay a huge part of federal expenses, before the income tax and other changes went into effect here in the U.S.

There are arguably plenty of things that need to be corrected in the U.S., that could make this nation into an even greater economic powerhouse. While people like Buffett often praise more taxes on the rich, they themselves escape those taxes, while the rising millionaires end up paying a significant portion of those taxes.

The changes that hobbled America were done slowly, over time, not unlike how Buffett and his moat work slowly and over time. It will take time to unwind the arguably deep harm that was started over a century ago with laws like the graduated income tax, which is a Marxist or socialistic concept. But when one looks a North Korea, or Venezuela, those at the top live like kings, while their people live in poverty, or even desperation.

Rephrased, there is a steady stream of propaganda aimed at millions, including the business and investor class that watches a video like the one from CNBC above.

In diplomatic language, President Trump speaks nicely about North Korea’s Chairman Kim or Chinese President Xi. He’s not praising dictators. Rather, he’s dealing shrewdly, doing very tough business with rough people, using polite diplomatic language. It’s savvy.

The race for 2020 is on.  The Special Counsel Robert Mueller’s probe results not only cleared the Trump campaign and the president himself, it claimed in the brief seen so far that no American was guilty of collusion with Russia.  But frankly, that last part is not quite so.  Some in the Democratic National Committee (DNC) and the Hillary Clinton campaign bought and paid for Russian propaganda that formed the basis of a fake ‘dossier’ that was used as a pretext to spy on a GOP presidential campaign.  The federal government’s spy apparatus was weaponized during the Obama era, and it was done to favor the campaign of Democrat Hillary Clinton.

There are people in both major parties who have done some dastardly deeds, and we as political independents here at MHProNews aren’t blanketly praising or condemning either party.  Each has weaknesses and strength, just as people do, businesses or organizations do. Our weakness is typos. We all have strengths and weaknesses, and rather than hide it, one should make the best of it. That’s why a wheat and chaff approach must be used with all people and all things.

To dot the i, and cross the t on Buffet and his statements above. The man is shrewd, and smart.  But Buffett speaks in a kind of code, or with what some might say is a forked tongue.  What Buffett says sounds compassionate, its arguably deceitful. What Berkshire’s surrogates in manufactured housing say may sound sweet as honey, but once swallowed, it arguably turns sour in the stomach.

The Omaha-Knoxville moat is designed to kill of independent businesses. That’s not compassion. Displacing American workers, to increase a profit margin overseas, that’s not compassion. These vexing issues won’t be fixed overnight.  One must be as long-term in thought as Buffett himself is to defeat this kind of plan and this type of player.

To be forewarned is to be forearmed. We thank those sources in the industry that keep informing us, so that we can keep informing you.

 

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Finally, the rise of some new producers of HUD Code manufactured housing suggests that the moat can be beaten. Certainly, some are willing to engage in the struggle, because they’ve put millions of dollars and their reputations on the line. More on that another time. That’s another episode for today of “News through the lens of manufactured homes, and factory-built housing,” © where “We Provide, You Decide.” ©

 

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‘Green New Deal Fantasy,’ “Revenge Politics,” Says Democrat Schultz Pondering Independent 2020 Run, plus Manufactured Home Stocks

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

 

MH IDEAL, Understanding Manufactured Housing’s Choke Points, Tunica Show Day 3

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Berkshire Chairman Warren Buffett Announces Support for 2020 Hopeful, Behind the Curtain

February 26th, 2019 Comments off

 

BerkshireHathawayChairmanWarrenBuffettBacksMichaelBloombergDailyBusinessNewsMHproNews

 

In an interview with CNBC’s Becky Quick, Berkshire Hathaway’s Chairman and CEO Warren Buffett says he would support Michael Bloomberg for president,” says CNBC’s YouTube page.

 

Buffett says he thinks [Michael] Bloomberg would be a good president because he knows how to run things and he understand people and the markets. Buffett also addresses where he falls on the political ideological spectrum and how his views have changed over the years,” per CNBC.

Berkshire Hathaway Chairman Buffett, per reports, has been ‘briefed’ about MHProNews tracking of his comments.  If so, that may explain why his comments about Clayton Homes and their related lending units in his 2018 comments and their annual report were muted.

With that same point in mind, it should be noted that Buffett – who has touted his Democratic credentials, in this video interview begins by making his approach seem more bipartisan.  Not so, per federal donations MHProNews reported last year during the run-up to 2018. Those federal disclosures reflected that 100 percent of his giving went to Democrats.  The graphic below, a collage from MarketWatch, summarized that reveal.

 

WarrenBuffettMarketWatchGivingIn2018CampaignDemocrats

 

Can you hear a Berkshire spokesperson spelling, disingenuous spin?

That’s not to say that he’s never given to Republicans.  It is to reflect that recently, per known facts, that he’s been even more Democratic backing than in other years. Deeper into this interview, he says as much.

In Buffett’s video about the already hot-and-heavy 2020 campaign, he said that he’d support fellow billionaire, and equally leftist pro-Democratic hopeful, Michael Bloomberg.

 

 

Buffett’s analysis on Starbuck’s billionaire Howard Schultz in this video is an interesting one. It is indeed logically more likely that, should Schultz run as an independent, that he would pull more votes from Democrats than from Republicans.  At the same time, if Democrats nominate a far left candidate, would Schultz later proven helpful to his favored party by staking out a more moderate position for the future?

The so-called “Oracle of Omaha” said he hopes no third party candidate runs, because they could “thwart the will of the people.”

Buffett has consistently opposed candidate Donald J. Trump during the 2016 campaign – and by various accounts – including quotes from Buffett himself, was dismissive of Mr. Trump in business during the years prior to his successful 2016 campaign.  See related reports below the byline, offers, and notices for more.

 

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The Democrats are not the same party that they used to be. Neither are the Republicans. Democrats have tilted socialist, and many say so openly.

 

Links to his annual letter and the Berkshire Hathaway annual reports – including the details on Clayton Homes and their related lending – are found below the bylines.

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

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

NOTICE: You can get our ‘read-hot’ industry-leading emailed headline news updates, at this link here. You can join the scores who follow us on Twitter at this link. Connect on LinkedIn here.

NOTICE 2: Readers have periodically reported that they are getting a better experience when reading MHProNews on the Microsoft Edge, or Apple Safari browser than with Google’s Chrome browser. Chrome reportedly manipulates the content of a page more than the other two.

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2) To pro-vide 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 Re-sources

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

 

 

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Top Global Brands – Animated Infographic from 2000 to 2018 – Most Companies are American, Plus Berkshire Hathaway Ties

February 26th, 2019 Comments off

Top15globalBrandsMarketValueDailyBusinessNewsMHProNews

Before diving into this animated infographic, it is worth noting that manufactured housing’s largest producer, Clayton Homes, is a well known Berkshire Hathaway brand.

 

This video covers Top 15 Best Global Brands Ranking from the period (2000-2018).  Published on Feb 12, 2019, it has already had 3,102,943 views when we began drafting this report for Daily Business News on MHProNews readers.

The year 2000 was 3 years before Berkshire Hathaway bought Clayton Homes, Oakwood Homes and other pieces of manufactured housing.  The animated infographic shows the variations of the values of the different firms as time progresses from 2000 to 2018.  It’s interesting, but not exciting, yet over 3 million have already viewed it.

 

 

Berkshire itself isn’t mentioned in this video directly. But Coca Cola, IBM, and Apple are just some of the brands that they’ve had or have a financial interest in.  Perhaps as important, are the ties between Microsoft’s founder Bill Gates.

Buffett sits as a trustee and major donor for the Bill and Malinda Gates Foundation.

To learn more about Buffett’s personal and professional life, see the video documentary, accessed by clicking on the hot-linked text-image box below.  Among the topics in a clearly pro-Buffett video are his ties to Gates and that foundation.

 

Warren Buffett “Oracle of Omaha” HBO Documentary Berkshire Hathaway #Advexon Video

 

The infographic in the report below is of Buffett’s Berkshire empire. Clayton Homes is reflected in that report.

 

How Warren Buffett Built Berkshire Hathaway Investment Empire, Infographic

 

It is simply not possible to fully understand manufactured housing without seeing the strong to subtle impacts that Buffett and Berkshire have exerted on the factory-built housing industry.

Links to his annual letter and the Berkshire Hathaway annual reports – including the details on Clayton Homes and their related lending – are found below the bylines.

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

ManufacturedHousingProNewsMHProNewsConfidentialTipsDocumentsNews

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

NOTICE: You can get our ‘read-hot’ industry-leading emailed headline news updates, at this link here. You can join the scores who follow us on Twitter at this link. Connect on LinkedIn here.

NOTICE 2: Readers have periodically reported that they are getting a better experience when reading MHProNews on the Microsoft Edge, or Apple Safari browser than with Google’s Chrome browser. Chrome reportedly manipulates the content of a page more than the other two.

(Related Reports are further below. 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 pro-vide 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 Re-sources

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

 

 

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

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Warren Buffett “Oracle of Omaha” HBO Documentary Berkshire Hathaway #Advexon Video

February 15th, 2019 Comments off

 

WarrenBuffettOracleOfOmahaHBODocumentaryBerkshireHathawayDailyBusinessNewsMHProNews

It is important to be fair and balanced. This video has had some 1.6 million views since it was first posted on YouTube on Mar 3, 2017, almost 2 years ago.

 

To be precise, there have been 1,603,008 views as of the time of this Daily Business News on MHProNews post. It should be self-evident that the frame for this narrative is a positive one.  After all, how do you get access to interviewing the world’s currently 3rd most wealthy man without some assurance that the video you will produce is going to be a positive?

Here’s what the video page says: “Known as the “Oracle of Omaha,” Buffett is one of the most successful investors of all time. His Berkshire Hathaway owns more than 60 companies, including Geico, Duracell and Dairy Queen. The son of a U.S. congressman, he first bought stock at age 11 and first filed taxes at age 13. He has committed to giving more than 99% of his fortune to charity. So far he has given $28.5 billion. With friend Bill Gates, he launched The Giving Pledge, asking billionaires to donate their wealth.”

We link below various reports on Berkshire Hathaway’s manufactured housing brands, and some of the more important reports published here on MHProNews or on MHLivingNews.

 

 

The billions he’s given away is perhaps more complicated than it is made to sound.  But that will be covered at another time. Suffice to say for now that they are largely stocks given to foundations. According to the producers of the documentary, the causes they have supported are as shown.  They reflect Buffett’s left-wing, “progressive” political posture.

 

WarrenBuffettsPhilanthropyGiftsHBODocumentaryDailyBusinessNewsMHProNews

 

Among the items mentioned or shown in this video?

  • The Moat
  • Circle of Competence
  • Kevin Clayton and Clayton Homes are briefly shown
  • Bill and Melinda Gates
  • Family life
  • Charlie Munger, Buffett’s partner and Berkshire Hathaway Vice Chairman
  • Value Investing.
  • The Solomon Brothers crisis.
  • That he says that he is an agnostic, plus details about his marriage and personal life.

There’s more. The Daily Business News on MHProNews may revisit this video later, on a slower news day. For the rest of the story, see the related reports, linked below. That’s this morning’s manufactured home “Industry News, Tips, and Views Pros Can Use,” © where “We Provide, You Decide.” © ## (News, analysis, and commentary.)

 

ManufacturedHousingProNewsMHProNewsConfidentialTipsDocumentsNews

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

NOTICE: You can get our ‘read-hot’ industry-leading emailed headline news updates, at this link here. You can join the scores who follow us on Twitter at this link. Connect on LinkedIn here.

NOTICE 2: Readers have periodically reported that they are getting a better experience when reading MHProNews on the Microsoft Edge, or Apple Safari browser than with Google’s Chrome browser. Chrome reportedly manipulates the content of a page more than the other two.

(Related Reports are further below. 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 pro-vide 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 Re-sources

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

 

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