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Posts Tagged ‘Clayton Bank’

Uncertainty is the Only Known!

November 21st, 2016 1 comment

In the recent election, we wished for a Disruptor while knowing there is the risk of “gett’n what’s wished for.”  We got it – one of the best – or is he the worst? – known to mankind – Donald the Disruptor.

Ask anyone familiar with Atlantic City, or 5th Avenue real estate.  The opinions about our new president-elect vary a full 180 degrees.

Many believe Donald Trump has the potential to go down in history as one of the most famous, or infamous, disruptors of all time.  The economy, regulations, and politics need disrupting. Stay tuned.

After a long day of travel, I watched the election returns until 10:00 PM, focusing more on the popular vote count and speculations the late counts from highly population districts would favor Hillary.  Setting an alarm for 2:00 AM, I knew Trump would be lagging.  I was startled beyond belief to see Trump’s acceptance speech.

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The photo above is a still from a previous video interview with Jim Clayton, founder of Clayton Homes. To see that interview, see link at the end of this guest column.

From that point, I have become increasingly pleased with the outcome, but tempered that with cautious optimism.

Here are some promises and expectations from the president-elect, alongside my comments and thoughts.

  • Streamline permitting, and project approvals. Bet that takes considerable time.
  • Corporate tax cut from 35% to 15%. Am I dreaming?  Can’t believe that will materialize.
  • Much simpler tax code with only three tiers: 12%; 25%; 35%. Simpler will be harder to game. Long overdue!
  • Foreign-held profits must be brought home for a one-time rate of 10%. Makes good sense to me.
  • Alternative Minimum Tax: An incredible “Got-Cha.”  Long overdue!
  • MH Community and Manufacturing Operators – along with others in business – get to expense expansion cost under the president-elect’s proposals. WOW! What a nice surprise!
  • Roads, bridges, and tunnels updated and expanded. A trillion in infrastructure spending over 4 years would boost growth by several percentage points.
  • Redirect foreign spending to needed USA infrastructure. Huge boost to jobs and investing.
  • Most of President Obama’s executive orders are How wonderful!
  • Dodd Frank and CFPB to be Hallelujah! We bankers can move bloated compliance teams back to the basics – lending and deposit gathering.  Will be so great to close MH loan applicants on-the-spot and same-day. 

Putting numbers on all this is difficult, however my thinking is increasingly optimistic and tends to align with those Republican leaders who are creatively saving-face while migrating back to the fold – and to President-elect Donald the Disruptor.   ##

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Jim Clayton, on the cover of his book, First A Dream. Credit, Amazon.

 

By Jim Clayton.

(Editor’s Note: Mr. Clayton is the legendary founder of Clayton Homes and award-winning Clayton Bank.  For the in-depth interview, A Cup of Coffee withJim Clayton, please click here. The graphical insert above was provided by the editor, as is common when published with an Op-Eds or Letters to the Editor.

Other perspectives are welcome, see some of those published at the link here.)

Whew! What a Whirlwind 44 Hours

October 20th, 2013 No comments

That is the NCC Fall Leadership Forum: “Building a Vision For The Future” held this past week in Chicago. First and foremost, kudos to my very good friend Jenny Hodge. Jenny is Vice President of MHI’s National Communities Council (NCC) and responsible for organizing and bringing forth this exceptional event. David Lentz is to be commended for his leadership and vision for the NCC.

While on the train from Milwaukee to Chicago I reviewed the agenda just to be certain I was up for the show which began in earnest Thursday morning. There was no doubt in mind that we were in for a very intense Thursday and Friday morning!

Wednesday evening’s reception was a very nicely arranged meet and greet with appetizers and an open bar. It has certainly been some time since we've seen MHI in a position to host such an event.

The real work began Thursday morning. The fact is that there was something to learn for everyone involved in the Manufactured Housing Community industry (MHC) whether you attended one session or attended all of the sessions.

The attendees were made up of a mix from the community business. When there was a show of hands early Thursday morning it appeared that there was a fairly even split of community owners present. One third were smaller owner with less than five communities, one third with less than 10 communities and one third owners or more than 15 communities.

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Rick Rand, Great Value Homes (l) Sam Zell, Equity Lifestyle Properties (ELS) Chairman (c),
Jim Clayton, founder Clayton Homes and Chairman of Clayton Bank (r)

In addition, in attendance were lenders specializing in community financing, manufactures who are interested in serving the community owners needs to provide homes for vacant sites, Real Estate Brokers who market and sell communities along home lenders and other firms providing resources to community owners.

As is not uncommon at events like this, networking opportunities were abundant. I am more than certain that new relationships were forged, deals discussed and ideas exchanged. That is part of what makes these interactive events such great opportunities for all segments of the industry.

For those who focused on the Build A Vision For the Future agenda, they were rewarded with session after session of individuals both from within the industry and from other industries sharing their knowledge and experience. Topics relating to marketing, selling, community relations and all the important component of customer service which forward thinkers in the MH Industry are working to accomplish. Not only did the presenters share their knowledge and experience, they also made time for provocative interaction and dialog amongst all of us in attendance. ##

(Editor's Note: Read more of Rick's commentary – plus photos – on the NCC Fall Leadership forum at this link here.

You can see NCC dinner cruise and event photos at this link here.)

 

rick-rand-great-value-homes-manufactured-home-pro-news-industry-voices-guest-blog-.pngRichard J. Rand
President
Great Value Homes, Inc.
9458 N. Fairway Drive
Milwaukee, WI 53217-1321
414-352-3855
414-870-9000 (cell)
RickRand@gvhinc.net