If a ‘player’, Your Fall Meeting Schedule…

September 9th, 2017

Blog # 463; Copyright 10 September 2017; at community-investor.com/blog

Perspective. ‘Land lease communities, previously manufactured home communities, & , ‘mobile home parks’, comprise the real estate component of manufactured housing.’

This blog posting is the sole national advocate, voice, official ombudsman, historian, research report, & online communication media for all North American LLCommunities

To input this blog &/or affiliate with Community Owners (7 part) Business Alliance, a.k.a. COBA7, use Official MHIndustry HOTLINE: (877 MFD-HSNG or 633-4764

COBA7 Motto: ‘U Support US & WE Serve U!’ Goal of its’ print & online media =
to not only inform & opine, but to transform & improve MHBusiness performance!
______________________________________________________________________

I.

Fall MH Meeting Season Underway!

And Where Will We Find You?

26th International Networking Roundtable enjoyed a spectacular time this past week in Indianapolis, IN. How so? More than 150 businessmen & women owners/operators of land lease communities, large & small, from throughout the U.S. spent 2 1/2 days ‘learning together’, networking at nine food & beverage events, even engaging in deal-making relative to our unique, income-producing property type. Probably more details in the weeks to come, either here in this weekly blog or in the Allen Letter professional journal. Will tell you this though; there’re now ten more certified Manufactured Housing Managers at work in communities! And David Funk, college professor & land lease community owner, kept the rapt attention of his audience, with housing statistics and trend analysis information! Too bad if you missed it. Oh, and everyone present received a copy of SWAN SONG, the semi-autobiographical account of land lease community history from 1970 to the present day.

17-19 September (Next weekend). MHI will (hopefully) hold it’s annual meeting in Orlando, FL. Will I see you there? Carolyn & I are attending this year – first time for her in many years. After this past week, we need to get away for a few days. Ha; as if this’ll be a picnic. In any case, it’s the one time each year the institute’s National Communities Council (NCC’) division holds its’ officer elections (pretty much already determined, given that proxy voting is not permitted), and we take a look at where we’ve been and where we’re maybe going as a realty asset class, a.k.a. income-producing property type. And of course, there’ll be several other division meetings occurring as well, plus the executive board meeting at the end. Expect to see between 100 & 200 registrants from all segments of the manufactured housing industry. Interested? Phone (703) 558-0400

11&12 October. The annual (6th?) SECO Conference. This year the event has moved to the Marietta Hilton in Marietta, GA., in anticipation of a crowd of 400 or more, to participate in a wide array of seminars & panels, as well as visiting a half dozen Community Series Homes on display. What’s ‘special’ about this gathering? It’s planned, facilitated and hosted entirely by businessmen and women, like the aforementioned Networking Roundtable, mostly from the land lease community segment of the manufactured housing industry. I always attend, to mingle with my peers from the Southeast, and to brief them as to the ‘Official State of the Manufactured Housing Industry & Land Lease Community Real Estate Asset Class’. Interested? Reach out to genevieve@secoconference.com

1-3 November. Tired of meetings yet? If not, maybe travel to Chicago, IL., for the NCC’s Fall Leadership Forum. This event too is heavily patronized heavily, mostly by sole proprietors, general partners, and CEOs of property portfolios, as well as their real estate-secured mortgage originators of choice. For more info, phone (703- 558-0666.
Well, that about does it for this Fall. Sure, there’re other regional and state association meetings in the mix. But here you have the regional and national venues for our industry and asset class.

THAT’S ALL FOR THIS WEEK. Not enough time to concentrate on the blog during the Networking Roundtable.

***

September 1st, 2017

Blog # 462; Copyright 3 September 2017; at community-investor.com/blog

Perspective. ‘Land lease communities’, previously manufactured home communities, &
‘mobile home parks’, comprise the real estate component of manufactured housing.’

This blog posting is the sole national advocate, voice, official ombudsman, historian, research report, & online communication media for all North American LLCommunities.

To input this blog &/or affiliate with Community Owners (7 Part) Business Alliance, a.k.a. COBA7, use Official MHIndustry HOTLINE: (877) MFD-HSNG, or 633.4764

COBA7 Motto: ‘U Support US & WE serve U! Goal of its’ print & online media =
to not only inform & opine, but to transform & improve MHBusiness performance!
____________________________________________________________________

INTRODUCTION:

Part I. Will it soon be time to ‘rethink, reorganize, & renew’ manufactured housing lobbying and regulatory reform efforts in our nation’s capitol? Read to find out here!

Part II. Slowly increasing number of land lease community owners/operators being inducted into the prestigious RV/MH Heritage Foundation’s Hall of Fame!

I.

MHIndustry Recovery Threatened by HUD Overreach

If MHARR & MHI need one compelling reason to unseat the present administrator of the Manufactured Housing Program at HUD, here it is: MAGAnomics!

The following paragraph quoted from the Epilogue (p.73) of SWAN SONG, ‘George Allen’s History of the Land Lease Community Real Estate Asset Class (1970 – present day)’, makes the case for continuing manufactured housing return to prosperity.

“Have you heard or read of MAGAnomics (a.k.a. maganomics)? That’s short for ‘Make American Great Again economics’, where the national; (economic recovery) goal is ‘three percent improved and sustained annual GDP (Gross Domestic Product $) in year 2017 and thereafter!”

Well, guess what? Continuing…

“The HUD-Code manufactured housing industry, in terms of ‘production value’ alone (i.e. $ value of new homes built & shipped monthly) has been averaging
10.4 percent growth per year for the past four years, 2013. 2014, 2015, & 2016 –
with last year finishing at an impressive 15 percent! There’s every reason for that
growth to continue, IF we all do our part to bring the aforementioned New Era
paradigm shift to a happy conclusion before the end of this decade…2020!”*1

That is, unless our industry’s two Washington-based national advocacy bodies fail to unseat and replace the present overreaching administrator of HUD’s manufactured housing program, a carryover from the Obama administration.

Bottom line reality? No replacement = Far fewer new HUD-Code housing orders, shipments, and placements, as land lease community owners shy away from paying $5,000+ per rental homesite, to replace perfectly performing .manufactured housing foundations!

So, there you have it MHARR & MHI (Are you listening?). our manufactured housing industry is recovering from it’s nadir year 2009 (only 48,789 new HUD-Code homes shipped), and continuing, until MAGAnomic years 2013 thru 2016, and beyond! Will you allow the overreaching HUD administrator to “…claim authority to override state-law (and local) installation standards” and, “add new standards (establishing) requirement for carbon monoxide detection, stairways, fire safety considerations for attached garages, and draftstops….”, relative to increasing the cost of manufactured housing to would be homebuyer/site lessees? *2

If unsuccessful in efforts to preserve and encourage further recovery of the manufactured housing industry (Remember, we shipped 372,943+ new HUD-Code homes in 1998, and have only come back as far as 81,136 during year 2016!*3), then, in this veteran industry observer’s opinion, it’ll be high time to ‘ rethink, reorganize & renew’ manufactured housing lobbying and regulatory reform efforts in our nation’s capitol!

OK, there I’ve said it and written it! The public challenge to perform has been made. Now, what will YOU two do together or separately? We’re watching and listening!

End Notes.

1. ‘Production value’ is a measure defined, researched, and funded by the Manufactured Housing Institute (‘MHI’), so they should be comfortable using it as a tactical tool to ‘make the case’ for effecting immediate regulatory reform!

2. Quoted from MHARR email announcements dated 28 & 30 August 2017.

3. Quoted from the official ‘Mobile & Manufactured Housing Shipments Statistics,
from 1955 to present day, SWAN SONG, COBA7, Indianapolis, 2017, pp. 6&7

II.

To Date, only 6 1/2 Percent of RV/MH Hall of Fame Inductees Have been Land Lease Community Owners/operators

This year’s recent RV/MH Heritage Foundation’s Hall of Fame Induction Banquet on 7 August, might be looked back upon as being historic in at least two ways:

• To date, only 6 1/2 percent of the nearly 400 Hall of Fame inductees have hailed from the land lease community segment of the manufactured housing industry. This year, accounting for the fact that half the inductees were from the RV ‘side of the house’ and half from MH, no less than 60 percent of the MH Class of 2017, were land lease community owners/operators! You remember; Spencer Roane, MHM, of GA; Mike Sullivan, CPM, of CA; and, Christine Lindsey, MHM, from TN. Let’s see if increased recognition of this segment of our industry continues during years to come.

• Then there’s the distinctive green blazer with gold RV/MH crest, worn by many Hall of Fame inductees. This year, more green blazers were seen than at any previous annual banquet. That speaks loudly of the loyalty and ongoing support of the RV/MH Hall of Fame, by not only donors, but Hall of Fame inductees as well! And now the call has gone out nationwide, to national and state advocacy entities, beginning with this week’s 26th Networking Roundtable in Indianapolis, and its’ Thursday evening reception, green blazers should be worn by Hall of Fame members present at the event. This is not a self-aggrandizement exercise; rather, well deserved recognition of our industry and asset class’ pioneers and leaders! And word has it, green blazers will be welcome at MHI’s annual Awards Banquet on 18 September in Orlando, FL.

***

George Allen, CPM, MHM
COBA7, a division of GFA Management, dba PMN Publishing
Box # 47024, Indianapolis, IN. 46247
(317) 346-7156

The Most Important Blog Posting Ever, from George Allen, CPM & MHM

August 26th, 2017

Blog # 461; Copyright 27 August 2017; at community-investor.com/blog

Perspective. ‘Land lease communities’, previously manufactured home communities, & ‘mobile home parks’, comprise the real estate component of manufactured housing.’

This blog posting is the sole national advocate, voice, official ombudsman, historian, research report, & online communication media for all North American LLCommunities.

To input this blog &/or affiliate with Community Owners (7 Part) Business Alliance, a.k.a. COBA7, use Official MHIndustry HOTLINE: (877) MFD-HSNG or 633-4764

COBA7 Motto: ‘U Support US & WE Serve U! Goal of its’ print & online media =
to not only inform & opine, but to transform & improve MHBusiness performance!

_____________________________________________________________________

INTRODUCTION. Some will say I saved the Best for Last. You decide…

Part I should be important to YOU! Act NOW if you desire to continue receiving this weekly BEBA (Blast Email Blog Alert) & its’ imbedded website blog posting.

Part II announces distribution of the COBA7 letter & questionnaire used to research, compile and pen the annual (29th year!) ALLEN REPORT in early 2018.

Part III is a summary of progress re COBA7s’ Four Part Legacy during 2017!

Part IV, a Networking Roundtable update re Challenge Coins, SWAN SONG text, & most important, National MHIndustry Input Day – the third of four opportunities during 2017!

Part V. The ‘word is now out’! Two national manufactured housing advocacy entities face an ACID TEST of their respective effectiveness, representing & lobbying in behalf of the beleaguered manufactured housing industry & its’ land lease community realty asset class! What is this ACID TEST? Read, find out, & encourage them to perform now!

I.

Winnowing BEBA at Community-Investor.com

We’re scouring the ‘Blast Email Blog Alert’ list of 1,000+/-, removing casual & occasional readers, to better serve businessmen, women & association executives with ‘skin in the games’ of manufactured housing, land lease community ownership/operations, & state/national advocacy leadership!

Unlike another website blog, self-obsessed with boasts of unconfirmed mega-audience claims, community-investor.com is redoubling efforts to focus on high quality posted material & a serious readership – not salacious (‘impure’) news & exaggerated bragging of influence penned vaingloriously. So, how will this winnowing (‘weeding out’) of the BEBA list occur?

Present recipients of this BEBA (again, ‘Blast Email Blog Alert’) and its’ imbedded link to weekly blog postings at community-investor.com, must email their Request to Continue Receipt of same beyond 10 September 2017. Use gfa7156@aol.com Following the initial call for such confirmation, in blog posting # 460, dozens of manufactured housing, land lease community folk, and trade advocacy leaders have already requested to remain on the BEBA list! Are YOU interested likewise, and have you expressed your desire to stay informed? Don’t Delay; Do So Today!

II.

It’s That Time of Year Again!

Watch your USPS (United States Postal Service) mail during September! Why? Because the annual letter & questionnaire used to research, compile, pen, print & distribute – in this case – the 29th annual ALLEN REPORT, will soon be coming your way, if you’re one of 500+/- land lease community portfolio owners/operators domiciled throughout North America!

This is, by far, the most difficult (i.e. Chasing & documenting benchmark statistics), yet rewarding research project COBA7 engages in year after year after year. The often 12 page ALLEN REPORT is purchased (via Option II affiliation @ $544.95/year with COBA7), read, and publicly referenced by hundreds, if not thousands, of investors and property managers, in the U.S. & Canada, engaged in land lease community ownership and or operations. Key parts of the report include: COBA7 national advocacy update, Year to Date Retrospective, Statistical Primer, LLCommunity portfolio data (e.g. occupancy, OER%s, # rental & contract sale units, & national site rent survey), list of all participating property portfolios, REIT growth chart from 1994 to present day by site counts; # of LLCommunities per state); and major $ sponsors – with contact information – of most recent Networking Roundtable. Where else and from whom can you, if owning/operating one or more land lease communities, can you obtain such valuable information? Nowhere! To order your copy of the 29th ALLEN REPORT, a.k.a. ‘Who’s Who Among Land Lease Community Portfolio Owners/operators’, phone the Official MHIndustry HOTLINE: (877) MFD-HSNG or 633-4764.

ANNOUNCEMENT. It’s already general, common knowledge I’m looking to at least semi-retire in the near future, to concentrate on authoring books long awaiting my attention (e.g. Letters Home from Vietnam, 1968 & 69; also, a new edition of Chapbook of Business & Management Wisdom – used copies are presently sold on Amazon.com for $85.00. We used to charge $24.95 postpaid.) Anyway, if you’re research & writer capable, industry & asset class experienced, and highly motivated to serve your peers in the manufactured housing industry and this unique income-producing property type; and would like to discuss partnering on this major annual project, reach me via gfa7156@aol.com or (317) 346-7156. Better yet, make your desire known to me, 6-8 September, in Indianapolis, IN., at the 26th annual International Networking Roundtable. Details in the BEBA introducing this blog posting.

III.

COBA7’s Four Part Legacy During Year 2017

Earlier in the year, this blog described COBA7’s Four Part Legacy, as being

• Design, minting, & distribution of the first ever COBA7 Challenge Coin! This has been accomplished, and COBA7 affiliates are encouraged to bring theirs to the Networking Roundtable for an opportunity to select free copies of George Allen’s books and other surprises. Like a secret handshake, the COBA7 Challenge Coin has become a tangible symbol of solidarity & motivation among land lease community owners/operators, small to large in size. Have yours? If not; affiliate!

• Design, print, and distribute the manufactured housing industry’s first ever Pocket Glossary & Lexicon of MHIndustry & LLCommunity trade terms! This too has been accomplished. Do you have a copy? If not; affiliate with COBA7 soon.

• Author, print and bind the land lease community property type’s first ever Official history (1970 to present day) of the realty asset class! That too will be accomplished when FREE copies of Swan Song are distributed to attendees at the aforementioned Networking Roundtable. No fewer than 112 past and present pioneers and leaders in manufactured housing and land lease community ownership and management are identified in this text – along with an Autograph page on which to collect same, from those present at the annual networking event.

• 29th ALLEN REPORT, a.k.a. The ‘Who’s Who Among Land Lease Community Portfolio Owners/operators Throughout North America!’ will soon be in the research stage, compiled during November, and distributed during January 2018. Again; available to Option II & III affiliates of COBA7. Have you ever asked yourself? Where would we be today, as land lease community owners/operators, without this annual compendium of realty asset class valuable knowledge? And who will continue this important service into the future? No other national manufactured housing advocacy body has shown any interest in serving land lease community businessmen and women in this fashion. Think about it. Suggestions?

While that’s been a full plate for COBA7 during 2017, plans are already afoot for next year. No new Challenge Coin, no more Pocket Glossary & Lexicon; and no more new books, for the time being. However, there is one project, first debuted during the Spring of 2016, that will likely recur during the Spring of 2018, hopefully under the joint leadership and planning of IMHA/RVIC (Indiana) and COBA7. This is the popular ‘Two Days of Plant Tours & Home Sales/Financing Seminars’, likely held again at the RV/MH Hall of Fame museum & library in Elkhart, IN. If you’d like to help with this project, or simply put your name on an ‘advance notice list’, contact Ron Breymier via (317) 247-6258.

IV.

Networking Roundtable Update

So much to tell you to get ready for, if attending, it’s impossible to describe it all here; so just a couple highlights to keep in mind:

• If a COBA7 affiliate, bring your COBA7 Challenge Coin! Doing so, will reward you with an opportunity to ‘pick a prize’, and there are many of them!

• Be prepared for in interesting, educational, albeit fun ‘read’ as you work your way through Swan Song. You’ll recognize much of what is described; but then again, there are tales shared that have become classics in the manufactured housing industry, and stories which have never before been published, e.g. Saddlebrook Farms, Florida Communities, and more! Also 112+ individuals named.

• 3rd national Manufactured Housing Input Day! This will be the third of four regional opportunities to make your views, on issues & matters, known! First it was in Chicago, then in Elkhart, now in Indianapolis, and finally, in mid-October, in Atlanta, GA. So, come prepared to vent, and know your input will go into a White Paper to be prepared later this year, for submission to all three national advocates for manufactured housing and land lease communities

• A new unique feature! The Networking Roundtable is long famous for 1) its’ 45 minute ‘stand & introduce yourself’ networking jump start at the beginning of every annual event; 2) everyone standing & pledging allegiance to the American flag; 3) an informal prayer meeting Friday morning ever since infamous 9/11 (2001); and, 4) ongoing, tangible support of the RV/MH Hall of Fame, and MHGives! – the manufactured housing industry’s official charity! Well, this year we’re adding this feature: RV/MH Hall of Fame inductees, present at the roundtable, are encouraged to wear their distinctive green blazer, &/or gold RV/MH ring, to the Thursday evening reception. to highlight that land lease communities have ‘come into their own’ as regular Hall of Fame inductees!

NO, it’s not too late to register for the Networking Roundtable! Simply review the attachment to the BEBA introducing this blog, then left click on the imbedded registration information contained within said BEBA. Or, phone us via (317) 346-7156. And remember, attendance is capped at 200, and we’re close to that number!

V.

Saving the Best – or Worst, for Last.

The ‘word is out’ all over the manufactured housing industry! The ACID TEST, of whether manufactured housing ‘survives & thrives’ OR ‘shrivels & dies’, lies with ‘Who’s administering HUD’s manufactured housing program’! There’s no other way to describe this timely matter clearly and succinctly.

&

There’s more, much more! A long standing, but only recently emerging public corollary (‘a proposition proved incidentally in proving another’), has to do with whether ‘big business’ (i.e. certain housing manufacturers & third party chattel capital finance firms) by dint of their dominance of national advocacy policy & efforts, precipitates the latter course (‘shrivels & dies’) OR former one (survives & thrives’) to occur, given their pervasive institutional and political clout; and how or whether, they deliver for the ‘prosperity of their few’ OR the ‘good of the many’ – meaning me & YOU!. One pundit (‘learned man’) suggests one national advocate is inclined to effect the former via regulatory reform; while another is inclined to the latter, to increase their national market shares.

Enough said for now. But ‘stay tuned’ here, to learn how Word & Action, pursuant to this ACID TEST, unfolds during the days, weeks, & months ahead. Another good reason YOU need to take steps NOW to continue receiving BEBAs like this in the future!

***

George Allen, CPM & MHM
Box # 47024
Indianapolis, IN. 46247
(317) 346-7156.

Manufactured Housing Conspiracy revisited; Networkng Roundtable; &, PROSPERITY NOW

August 18th, 2017

Blog # 460; Copyright 20 August 2017; at community-investor.com/blog

Perspective. ‘Land lease communities’, previously manufactured home communities, & ‘mobile home parks’, comprise the real estate component of manufactured housing.

This blog posting is the sole national advocate, voice, official ombudsman, historian, research report, & online communication media for all North American LLCommunities.

To input this blog &/or affiliate with Community Owners (7 Part) Business Alliance, a.k.a. COBNA\7, use Official MHIndustry HOTLINE: (877) MFD-HSNG or 633-4764

COBA7 Motto: ‘U Support US & WE Serve U!’ Goal of its’ print & online media =
to not only inform & opine, but to transform & improve MHBusiness performance!
______________________________________________________________________

INTRODUCTION: Reader response to last week’s blog posting re ‘manufactured housing conspiracy’ has been nearly overwhelming and supportive. Enough so, we’ll dig a little deeper in paragraphs to follow. Are YOU registered to attend the 26th annual Networking Roundtable yet? (317) 346-7156 or via gfa7156@aol.com. And ‘Prosperity Now’, is the new name a misnomer or sending a subtle intentional message? You decide….

I.

Revisiting the ‘Manufactured Housing Conspiracy’

Have you thought any further on this heady, hapless (‘unfortunate’) matter? If not, you should. Why? Because, frankly, the immediate & distant future(s) of HUD-Code manufactured housing ‘hangs in the balance’, depending on the answer to this question:

‘WHO is going to pay for often unnecessary rental homesite foundation retrofits in land lease communities, by dint of HUD’s dictating new HUD-Code home installation standards, supposedly better than Installation Manual guidance prepared by manufacturers who engineer, fabricate and ship every new manufactured home?’

The choice among answers, as I see them, include:

1. Manufacturers of new HUD-Code homes?

2. Land lease community owners/operators?

3. ‘No one’, if HUD’s overreach is stopped in its’ tracks & SOON.

Why is this a critical, and necessary exercise in judgment and decision making?

1. In the first instance, often unnecessary but ‘required by regulation’ foundation retrofits cost at least $5,000.00 per rental homesite, an anti-affordable housing expense likely to be added to the price of every new, otherwise ‘affordable’ HUD-Code manufactured home going into a land lease community!

2. And, in the second instance, as installation consultant George Porter, and the Frost Free Foundation (‘FFF’) engineers who researched and described, in already published, and initially approved by HUD, effective methodology, ‘below the frost line’ foundations are not necessary in instances of properly drained rental homesites under manufactured homes fully and properly skirted!

Back to the pivotal question. If HUD is not ‘stopped in its’ tracks’ SOON, WHO will be paying for foundation retrofits going forward? Here’re three sobering (conspirational?) thoughts to ponder:

1. We have two national advocacy entities (Read ‘lobbyists’) in Washington, DC., both of which are primarily, if not wholly, funded by HUD-Code housing manufacturers. Their primary interest and focus is obvious.

2. At the same time, there is no Washington, DC – based national advocacy (Again, read ‘lobbyist’) entity exclusively fighting legislative and regulatory battles in behalf of land lease communities (a.k.a. manufactured home communities) nationwide! So, no primary champion, in my opinion, in Washington, DC., despite protestations to the contrary, and the occasional initiative (Thinking here of MHI & MHARR letters to HUD this past week) in our behalf.

3. There isn’t even, among all three national advocacy entities (i.e. MHI, MHARR & COBA7) one who has an executive working fulltime (e.g. lobbying) in behalf of land lease communities nationwide! How can 50,000 land lease communities nationwide be anything but a fulltime job?

So, with those present day realities in mind; again, WHO will wind up paying for foundation retrofits? It’s high time for fulltime land lease community representation, relative to political and regulatory matters, in Washington, DC.! The likely alternatives?

1) MHI’s continued reliance on part time staffing of its’ National Communities Council division, i.e. No change to the status quo! In my opinion, this is marginal representation at best. And representation will continue unchanging and unchangeable until proxy voting is permitted during NCC (election) meetings!

2) MHARR’s suggestion a new national trade entity be founded, funded by and working exclusively for, post-production segments of the manufactured housing industry in general, land lease communities in particular. A controversial idea for sure, but maybe the only way to ratchet up all post-production representation.

3) COBA7 stepping up to this challenge via, a) in partnership with MHI & its’ NCC division = unlikely; b) as nucleus of new post-production representation in Washington; or c) continuing to grow in size and influence, primarily representing land lease communities in the Midwest and elsewhere. New leadership is already materializing in IN, IL, MI, GA, & CA….

The problem is, ‘time is of the essence’. We are fortunate to have a president who’s Making America Great Again, by reducing federal government intrusion in all walks of life and commerce, but continues to battle overt and covert resistance, even offensives, from the ‘deep state’, comprised of holdovers from the previous administration and career bureaucrats in fear of being drained from the swamp of Washington, DC. politics.

So, if we (You & Me) don’t speak up forcefully and now, we deserve what is foisted upon us ( a la MHConspiracy) in the form of new home installation regulation overreach at $5,000.00 per site, likely paid for by land lease community owners/operators like thee and me!

What to do? For starters, be present at the 26th International Networking Roundtable, for land lease community owners/operators, 6-8 September, in Indianapolis (MHIndustry HOTLINE: (877) MFD-HSNG or 633-4764. This is the third Official Input Opportunity to make your views known relative to industry/asset class matters and issues! See you there?

If not; don’t complain when the manufactured housing conspiracy turns against you!

Your fourth and final Official Input Opportunity this year, will occur the SECO Conference, in Atlanta, GA., 11 & 12 October. Visit secoconference.com

Now, here’s a telling question for you, for all of us. Will this loosely described ‘manufactured housing conspiracy’, be specifically described and discussed, relative to shortfall(s) in land lease community representation, at MHI’s annual meeting in Orlando, FL., 18 & 19 September? Call & ask: (703) 558-0400.

II.

Speaking of the 26th Networking Roundtable, an Update…

Registrations continue to arrive strongly. However, The Alexander Hotel block of rooms for this event expires tomorrow, on Monday 21 August. So, if coming to Indianapolis, phone (855) 200-3002 and make your reservation today! Identify yourself as ’26th Anniversary International Networking Roundtable’, to get our special rack rate.

Coming to the Networking Roundtable as a COBA7 affiliate? Bring your COBA7 Challenge Coin! Maybe a pleasant surprise or two in store for you…

MOBILE HOME PARK MANAGEMENT was the first book I authored, way back in 1988, for this industry and realty asset class. SWAN SONG will likely be my last. Accordingly, I have built some new and progressive features into this ‘history of the land lease community asset class; 1970 to present day; and, first Official History of MHShipments, from 1955 to present day. Such as? A metaphorical title, as you’ll see when you’re handed your FREE copy at the beginning of the event. Of course you already know this is the ‘first history ever’ of our unique, income-producing property type. More than 100 notables named in the text. I’m working on a ‘name & page # index to ease one’s names search, so you can collect autographs and bon mots while at the Roundtable! And those never-before-published stories, that grace each of the five chapters, will make for an interesting and engaging ‘read’.

III.

Prosperity Now

You’ve already read about this recent name change, from CFED*1 (‘Corporation for Enterprise Development’) to PROSPERITY NOW, in press releases, the Allen Letter professional journal and elsewhere.

Well, from the very beginning, something bothered me about the new moniker for this financial coaching national non-profit entity. Finally identified the irritant, and here it is….
In my opinion, PROSPERTIY NOW would have been better named PROSPERTIY EARNED. Think about it. In the former instance, the new name smacks of entitlement mentality and our increasingly welfare culture. It’s a demand on society for support, not a challenge to individuals to excel and earn one’s prosperity! Another way of saying it is, wealth equity is earned, not given, nor should it be taken away and or redistributed by fiat (‘decree’).

But the die is cast, and I don’t expect to see any further changes soon. But I do think there’s a quiet, albeit hidden social message, in PROSPERITY NOW. How ’bout you?

As is oft said, ‘Forewarned is forearmed!’ when Prosperity ‘Now’, not ‘earned’, comes a-calling.

End note *1. CFED cum PROSPERITY NOW based in Washington, DC., is “…dedicated to expanding economic opportunity for low-income families.

George Allen, CPM & MHM c/o Box # 47024, Indpls, IN. 46247 (317) 346-7156

MHConspiracy; MHShipment ‘#s & $s Report; & Sam Zell’s new autobiography

August 11th, 2017

Blog # 459; Copyright @ 13 August 2017; at community-investor.com/blog

Perspective. ‘Land lease communities’, previously manufactured home communities, & ‘mobile home parks’, comprise the real estate component of manufactured housing.

This blog posting is the sole national advocate, voice, official ombudsman, historian, research report, & online communication media for all North American LLCommunities.

To input this blog &/or affiliate with Community Owners (7 Part) Business Alliance, a.k.a. aCOBA7, use Official MHIndustry HOTLINE: (877) MFD-HSNG or 633-4764.

COBA7 Motto: ‘U Support US & WE Serve U! Goal of its’ print & online media =
to not only inform & opine, but to transform & improve MHBusiness performance!
_____________________________________________________________________

INTRODUCTION: a manufactured housing conspiracy, MHAlive! Think Tank a success, Official MH Shipment ‘#s & $s’ Report for June, and new autobiography by Sam Zell: AM I BEING TOO SUBTLE? Can’t fit any more than that into one weekly blog!

I.

Is a Manufactured Housing Conspiracy Theory Afoot?

Maybe. Lead feature in the August issue of the Allen Letter professional journal presents a profoundly disturbing view of ‘What’s Going On – or Not’, within the Manufactured Housing Program at HUD & MHI, as a result of:

‘The Fruit of Voluntary & Involuntary Consolidation in Factory-built Housing, Appears to be Peer Domination, & Possibly, Duplicity’

Note to the reader. That’s all we’re going to pen at this point in time. The manufactured housing industry and its’ real estate segment, land lease communities nationwide, are at a critical juncture in the history of the interrelated business models.

The Question of the Day? WHO is going to pay for rental homesite foundation replacements, oft required by dint of regulatory overreach per HUD’s manufactured housing program and administrator:

1. Manufacturers of HUD-Code homes

2. Land lease community owners/operators, or

3. ‘No one’, if overreach is stopped in its’ tracks & SOON.

Don’t be deceived! That’s what the hullabaloo in Washington is about these days; nothing more, nothing less! Who pays? We’ll be writing nothing more about this manufactured housing conspiracy (theory), unless it becomes Reality .Then we’ll tell all.

II.

MHAlive! Think Tank, a Success!

Details to follow, likely in an upcoming Allen Letter professional journal feature. But for the time being, know 15 land lease community owners/operators (including representatives from one REIT); three manufactured housing association executives – one each from two national MH advocacy entities, and a Midwest state trade entity, met from 9AM until Noon, identifying, articulating, discussing, and recording what to them are major industry and realty asset class matters and issues.

This was the second of four national manufactured housing input sessions. The first being in Chicago during May; this one in Elkhart, next in Indianapolis during the Networking Roundtable, 6-8 September (You registered yet?); and finally, during the SECO Conference in Atlanta during October. YOU should be able to input at one of these rare sessions to make your views known and recorded for action and resolution!

Later the same day, at the RV/MH Hall of Fame Induction Banquet, the Class of 2017 was inducted. As you know, this included Mike Sullivan, CPM, of Newport Pacific; Spencer Roane, MHM, of Pentagon Properties; Christine Lindsey, MHM-Master, of UMH Properties; and, David Gorin, RV guru par excellence.

Plan now to participate in the third MHAlive! Think Tank session the first workday in August 2018! Our industry and realty asset class are long overdue for opportunities to identify matters and issues of concern to businessmen and women, to then ‘kick them upstairs’ to elected and salaried leaders at the three national advocacy entities.

III.

COBA7’s Official MH Shipment ‘#s & $s’ Report, June 2017

This seminal report is attached to the BEBA (Blast Email Blog Alert) introducing this week’s blog posting. If you haven’t seen and read any past reports, know this is the most comprehensive one published by any of the three national advocacy entities to date! How so?

1) Everyone tells members the monthly HUD-Code housing shipment volume as reported by the Institute for Building Technology & Safety (‘IBTS’) – except one, who deducts DESTINATION PENDING units from the month total being reported, adding it to the IBTS shipment total on the next monthly report.

2) Only the COBA7 report, this one, reports the ‘production value’ of HUD-Code homes shipped during the month being reported. This is provided ‘per month’ and ‘year to date’. Some pretty interesting data if you haven’t been exposed to it in the past.

3) And while COBA7 methodology differs slightly from other reports, the Top Ten shipping states are reported, showing their respective total for the month, and how that relates to the previous monthly total.

4) Finally; what percentage of the reported month’s total HUD-Code home shipments, are from the aforementioned Top Ten states? Usually around 60 percent, month in, month out.

Would you like to receive this ‘#s & $s’ report each month? Then read the Allen Letter professional journal, as an affiliate of COBA7.

IV.

There’s a New Autobiography in Town!

AM I BEING TOO SUBTLE?

‘Straight Talk From A Business Rebel’

by Sam Zell

“Some of my most interesting and lucrative investments seemed counterintuitive when I made them – such as buying rail cars when the industry was crumbling, or investing in manufactured home communities when other investors wouldn’t touch them.” p.6

Later, on pages 120 thru 123, Sam describes, in detail, how “We debuted our real estate holdings on the New York Stock Exchange with Manufactured Home Communities (MHC), now known as Equity Lifestyle Properties (ELS), and its forty-seven manufactured home communities. It was one of the early companies to list as a REIT in the modern commercial real estate era.”
As the land lease community asset class’ historian, I’ll tell you it is not always easy to identify and describe the genesis of an emerging trend in (any) business class. But here, on pages # 122 & 123, Sam Zell describes how his team “…discovered RV parks had the same fundamental characteristics as manufactured home communities. They are smaller versions of the same business model – we’d own the land while tenants would own the structures, and there was low turnover. The sectors also had similar tenant demographics, the same types of sites, and the same cash flow characteristics. So, ELS became the first company to combine and institutionalize the blended asset classes.” Editorial note. According to the 28th annual ALLEN REPORT, 50+/-% ELS’ property portfolio is comprised of manufactured housing rental homesites, and 50+/-% RV sites.*1

And this new (2017) autobiography is nothing short of being colorful. It’s probably the ‘most fun’ business text I’ve read to date. How so? Know about Zell’s Angels? (p.32); “We invented business casual.” (p.62); “…my nickname, the Grave Dancer.” (p.76); and, “I am a professional opportunist.” (99). And by the time I finish reading the book, I’m sure I’ll have identified more examples….

Especially like what Sam had to say about Wall Street analysts. If you were around during the mid to late 1990s, and beyond, you know the grief they caused for many REIT operations. Here’s Sam: “…a lot of people who get burned by depending on Wall Street analysts…discover quickly the advice they’re getting isn’t coming from a committed owner – it’s coming from a professional who is collecting a fee.” P. 95.

AM I BEING TOO SUBTLE joins seven other autobiographies authored by businessmen (No business women so far, though I know one veteran land lease community owner who’s working on hers….) active in manufactured housing or our unique, income-producing property type. ENJOY.

***

George Allen, CPM & MHM
COBA7, a division of GFA Management, Inc., dba PMN Publishing
Box # 47024
Indianapolis, IN. 46247

A MUST READ Manufactured Housing Potpourri!

August 3rd, 2017

Blog # 458; Copyright @ 6 August 2017; at community-investor.com/blog

Perspective. ‘Land leases communities’, previously manufactured home communities, & ‘mobile home parks’, comprise the real estate component of manufactured housing.

This blog posting is the sole national advocate, voice, official ombudsman, historian, research report, & online communication media for all North American LLCommunities

To input this blog &/or affiliate with Community Owners (7 Part) Business Alliance, a.k.a. COBA7, use Official MHIndustry HOTLINE: (877) MFD-HSNG or 633-4764

COBA7 Motto: ‘U Support US & WE serve U! Goal of its’ print & online media =
to not only inform & opine, but to transform 7 improve MHBusiness performance!
_______________________________________________________________________

INTRODUCTION: ‘Hold onto your seat’, so to speak. This is going to be one ‘fast & furious’ run through four important matters, best shared NOW, rather than later….

A Manufactured Housing Potpourri
(‘a mixture or medley of….)

I.

SWAN SONG, besides being ‘George Allen’s History of Land Lease Communities, 1970-2017, & Official Manufactured Housing Shipments Report, 1955-2016, is also:

A BOLD EXPERIMENT IN SELF-PUBLISHING BOOK DESIGN

How so? Three ways. First, it’s a print run limited to 300 books! Available only at the 26th Networking Roundtable and until stock is depleted.

Second. It will be distributed FREE at the Roundtable, giving community owners & operators their first comprehensive history ever, courtesy of COBA7!

And? The inclusion and binding of a blank page, or two, labeled AUTOGRAPHS. The plan here, is to create a ‘once in a lifetime or career experience’ for many! Since more than 100 land lease community businessmen and women, as well as notables from other segments of the manufactured housing industry, are identified throughout the manuscript – many of whom will be present at the 26th annual Networking Roundtable; why not ask for and collect their signatures and bon mots, on the AUTOGRAPH page(s), or where their name appears in the book proper? To the best of my knowledge, this has not been done anywhere, anytime before.
Frankly, how can such a FREE takeaway resource be anything but VALUABLE to the book owner, for years and decades to come? I’ll be collecting as many autographs and bon mots, as possible, of friends and associates, during the day event! How ’bout you?

II.

WHITE PAPER “…to research, document, and describe the nature, state, and degree of disunity among manufactured housing national advocates.” So announced, in effect, within concluding paragraph of Part I in last week’s blog posting (#457).

Talk about immediate and substantive feedback! It’s happened! And cited entity shortfalls go well beyond ‘disunity’ and other matters hinted at in the subject paragraph. Plus, it has become apparent to the WHITE PAPER team, there are at least’ two sides to every matter described’, to date, by direct, dues-paying members and former members of all the national manufactured housing advocacy entities.

KEEP LETTERS (GFA c/o Box # 47024, Indianapolis, IN. 46247) & EMAILS:: gfa7156@aol.com), A-COMING! We need and value your input…

The WHITE PAPER is, and will be for awhile, in research & documentation stages of this long overdue project, germane to every segment of manufactured housing.

III.

MHAlive! THINK TANK, 9-11AM, 7 August, at the RV/MH Hall of Fame in Elkhart, IN. If you haven’t already registered to participate, don’t bother! We have the maximum number of manufactured housing & land lease community owners/operators needed to make this a superb

SECOND OF FOUR OPPORTUNITIES TO INPUT MH MATTERS & ISSUES – entirely different from the national advocacy entity challenges being parsed in Part II.

The initial opportunity occurred at the Illinois Manufactured Housing Association (‘IMHA’) annual meeting on 17 May, in Rosemont, IL.

A third opportunity will occur during the aforesaid 26th Networking Roundtable, 6-8 September, in Indianapolis, IN. Still time to register if sincerely interested in your business future! SECO Summit in the South, during mid October, will be last opportunity

IV.

HUD must back off its’ heavy-handed increased regulation of manufactured housing installation & start promoting it as best type & source of ‘affordable housing’ in the US today! Or what? Read final paragraph of this Part IV and read how HUD can indeed be guilty of stifling the slow rebounding of new HUD-Code home shipments to homebuyer/site lessees throughout the U.S.

How so?

Since year 2009, when annual shipments bottomed out at 48,789+/- new homes, with 25 percent (or 12,000+/- homes) going directly into (then) manufactured home communities, the industry – with help from (now) land lease community owners/operators, selling & seller-financing new Community Series Homes on-site, saw shipment volume increase to 64,331 (Verified volume per unadulterated IBTS monthly data), with an estimated 40 percent (or 26,000+/- homes) going directly into this unique, income-producing property type! And some report, 50+/- percent of year 2015 volume of 70,544 (Verified…IBTS), or 35,000+/- new homes went directly into this real estate asset class nationwide! No like data yet available for year end 2016. The industry’s rebound does not get much clearer than this!

Ah, but it does! Using MHI’s estimated ‘production value’ of $43,126 per new HUD-Code home (Year 2013 as base line), multiply the three annual shipment volumes, cited in previous paragraph, by $43,126, to clearly see how very much manufactured housing contributes to the national economy, as it continues to work itself out of the repression era!

And finally, as pointed out in last week’s blog posting (#457), the three year average (Years 2013 – 2016) increase in annual shipment volume was every bit of an average of 10.4 percent per year (With max @ 15% by year end 2016), more than three times MAGAnomics “…sustained three percent annual economic growth.” target established by the Trump administration! Few industries perform, dollar wise, better than manufactured housing!

Is ANYONE in Washington, DC., listening and paying attention to the plight of manufactured housing, an industry at the very cusp (‘point’) of ‘being BUSTED by its’ federal regulatory agency’; OR, by dint of major change in personnel and policy, BOOSTED by its’ federal regulatory agency’? Let’s hope so and soon!

***

George Allen, CPM & MHM; COBA7 c/o Box # 47024, Indpls, IN. 46247

MEGAnomics & White Paper Announcement Rock TAC! Subscribers!

July 28th, 2017

Blog # 457; Copyright @ 30 July 2017; at Community-investor.com/blog

Perspective. ‘Land lease communities’, previously manufactured home communities, & ‘mobile home parks’, comprise the real estate component of manufactured housing..

This blog posting is the sole national advocate voice, official ombudsman, historian, research report, & online communication media for all North American LLCommunities

To input this blog &/or affiliate with Community Owners (7 Part) Business Alliance, a.k.a. COBA7, use Official MHIndustry HOTLINE: (877) MFD-HSNG or 633-4764

COBA7 Motto: ‘U Support US & WE Serve U!’ Goal of its’ print & online media =
to not only inform & opine, but to transform & improve MHBusiness performance!
______________________________________________________________________

INTRODUCTION: The titles of Part I & II prepare the reader for what follows:

I.

MAGAnomics & White Paper Announcements Rock TAC! Readers

The realization that since year 2013, ‘production value’ of HUD-Code manufactured homes, by dint (‘force’) of ‘shipment volume’, has exceeded the national MAGAnomics goal of “…sustained three percent annual economic growth’, on the average, more than threefold, through year 2016!

What does that mean? Well, as was described in last week’s blog posting (#456); while Make American Great Again economics goal is three percent, HUD-Code manufactured housing ‘production value’, in turn, has been – believe it or not – zipping right along at 6.73%betweem 2013 & 2014; 9.6% between years 2014 & 2015; and (Gasp!), 15% between years 2015 & 2016! (When was the last time we ‘zipped’ at anything?) And there’s every reason to believe this 10.4% average per year will continue, even increase, between years 2016 & 2017!

This stellar performance apparently has not sunk-in with folk at MHI (Original advocate of Dr. Stephen C. Cooke’s 2013 base line research into ‘production value’) nor MHARR. Have you heard or seen either national manufactured housing advocate making our industry’s economy-leading case? My question is, ‘Why not?’

So, until someone proves otherwise – if that’s even possible, WE, as an industry and realty asset class should be crowing about this national economy leading performance, where the ‘production value’ of HUD-Code manufactured homes are concerned, for years 2013, 2014, 2015, 2016, and now, 2017! What an incredible opportunity for us to make the fourfold case, as to how WE:

• Are the best quality & priced form of affordable housing in the U.S. today!

• Need soon & reasonable access to chattel capital for new home loan financing!

• Need significantly relaxed financial regulatory restrictions on our housing type!

• Need significantly relaxed installation regulation restrictions in communities!

Look! We’ve made our case! HUD-Code manufactured housing has been, and continues to, outperform MAGAnomics ‘sustained three percent annual growth rate’. Surely there’re public rewards for these stellar results, just as there are internal benefits for us as ‘skin in the game’ businessmen and women.

Join me in encouraging MHI & MHARR to bring these stats to the attention of federal legislators and regulators in our nation’s capitol NOW rather than later!

& then this edited postscript announcement at the end of the August issue of the Allen CONFIDENTIAL! or TAC! business newsletter:

A White Paper has been commissioned, to research, document and describe the nature, state, and degree of disunity of or among manufactured housings national advocates. This precipitated by 1) one or more state manufactured housing associations canceling membership in a national trade group; 2) continued disproportionate leadership by mega-firm members; 3) ‘affluence gerrymandering’ in meeting (location & cost) planning; 4) selective prohibition of proxy voting at national meeting elections; and, 5) (alleged) purloining of member intellectual property; and more. If you have personal or corporate knowledge of proofs in these and other areas, contact gfa7156@aol.com for submission/participation instructions.

II.

A Week & A Day Remaining Before MHAlive! Think Tank

By now, you’re likely aware, a dozen to two dozen – MHIndustry & LLCommunity businessmen and women will convene, Monday morning, 7 August, from 9-11AM, at the RV/MH Hall of Fame in Elkhart, IN – in your behalf!

MHAlive! is successor to the now defunct Urban Land Institute (‘ULI’), Manufactured Housing Communities Council (‘MHCC’), which met productively from 2004 thru 2015, but was shuttered for lack of participation due to high cost of ULI membership and premier meeting location costs.

MHAlive! met for the first time, in early August 2016, at the RV/MH Hall of Fame. To date, the group has been kept purposely small, to stimulate lively participation and discussion to identify industry/asset class matters and issues. But there is still room for you, if you phone soon, to let us know of your interest: (317) 346-7156. No fee; just prorated meeting costs billed afterwards.

An open-ended agenda is pretty much in place. Following distribution of event handouts (e.g. newly updated outline: ‘State of the Manufactured Housing Industry & Land Lease Community Real Estate Asset Class!), introductions of all participants, and a ‘Welcome’, the convened group will launch into the identification and discussion of industry and realty asset class matters and issues of concern to them. At the end of the two hour session, a decision will be made as to the ‘next step’, if any, relative to sharing this information with you, and perhaps the three national advocates for manufactured housing and land lease communities.

How can you not want to actively participate in the future direction, complexion, and ‘survival cum prosperity’ of our industry and realty asset class? furthermore, it is expected MHAlive! Think Tank*1 proceedings will affect the tone, scope and direction of the upcoming 26th Networking Roundtable, 6-8 September, at The Alexander Hotel, in Indianapolis, IN. Have you registered for this ‘oldest national venue for community owners/operators’ yet? Use brochure attached to the BEBA (Blast Email Blog Alert) accompanying this posting. As you already know, all attendees will receive a FREE copy of SWAN SONG, ‘George Allen’s History of the LLCommunity Asset Class, 1970-2017’

The next six weeks promise to be the most enlightening and exciting period during all of year 2017! Ask yourself: ‘Does anyone else offer this sort of public opportunity to express your views on industry and realty asset class matters? NO!

End Note.

1. Do MHAlive! gatherings (Previously National State of the Asset Class or NSAC caucuses) produce results? They surely do! On 2/28/2009, as MH launched into its’ nadir (‘lowest ever’) year of only 48,789 new homes shipped; 100+/- of us convened at the RV/MH Hall of Fame. Result? The Community Series Home, or CSH Model HUD-Code housing concept and design! This community-friendly innovation caused, in large part, an increase from 25% of homes shipped into (then) MHCommunities, to more than 50% by year end 2015!

***

George Allen, CPM, MHM
COBA7, a division of GFA Management, Inc., dba PMN Publishing
Box # 47024, Indianapolis, IN. 46247
(317) 346-7156 & gfa7156@aol.com

Manufactured Housing exceeds MAGAnomics 3%/year Goal!

July 21st, 2017

Blog # 456; Copyright @ 23 July 2017; at Community-investor.com/blog

Perspective. ‘Land lease communities’, previously manufactured home communities, & ‘mobile home parks’, comprise the real estate component of manufactured housing.

This blog posting is the sole national advocate voice, official ombudsman, historian, research report, & online communication media for all North American LLCommunities

To input this blog &/or affiliate with Community Owners (7 Part) Business Alliance, a.k.a. COBA7, use Official MHIndustry HOTLINE: (877) MFD-HSNG or 633-4764

COBA7 Motto: ‘U Support US & WE Serve U!’ Goal of its’ print/online media –
to not only inform & opine, but transform & improve MHBusiness performance!
________________________________________________________________________

INTRODUCTION: The content of this week’s blog posting is important, and potentially explosive – on the national scene, where economic performance matters, there is but one (‘I’) primary focus! And the hope is it, somehow, this Good News winds up in the hands of legislators and regulators presently oppressing manufactured housing and land lease communities, as encouragement to promote, rather than stifle, further economic growth nationwide!

I.

Manufactured Housing & MAGAnomics

‘Make America Great Again economics goal = sustained three percent annual economic growth’. Manufactured housing is averaging 10.4 percent annual growth for years 2013 thru 2016!

Don’t know ’bout you, but given this triple high level of business economic performance, compared to MAGAnomics goal of three percent annual sustained economic growth, we – as an industry, should be touting and lauding our brand of affordable housing to every legislator in Washington, DC., and across this great land! What do you think? If you agree, print off this blog (#456) posting and pass it onto your federal legislators, state manufactured housing trade association, and anyone else who needs to hear and act on this message! If you don’t tell them, no one else will! And you have my outright permission to reprint this important information to this end!

So, what’s this all about?

During the past four years, for which we have ‘verified’ (‘v’) manufactured housing shipment totals, using Institute for Building Technology & Science (‘IBTS’) monthly data, including DESTINATION PENDING units (i.e. not shipped to specific state destinations, at the time of the monthly report)*1; and Dr. Stephen C. Cooke’s ‘production value’ of $43,126/new HUD-Code manufactured homes shipped*2, we can boast the following positive economic performances, in real numbers and percentages, for years 2014 thru 2016:

2013 = 60,228 (v) new homes shipped X $43,126/unit = $2.6 billion; total ‘production value’, rounded up from $2,597,392,000.00.

2014 = 64,331 (v) new homes shipped X $43,126/unit = $2.7 billion; total ‘production value’, rounded up from $2,774,338,000.00. Year 2014 annual ‘production value’ up 6.73 percent from year 2013.

2015 = 70,554 (v) new homes shipped X $43,126/unit = $3.0 billion; total ‘production value’ rounded down from $3,042,290,000.00. Year 2015 annual ‘production value’ up 9.6 percent from year 2014.

2016 = 81,136 (v) new homes shipped X $43,126/unit = $3.5 billion; total ‘production value’ rounded up from $3,499,071,000.00. Year 2016 annual ‘production value’ up 15 percent from year 2015.

Well, there you have it. Statistical information, based on IBTS monthly shipment data, that demonstrates HUD-Code manufactured housing is recovering from it’s doldrums of a nadir year in 2009, and is leading MEGAnomics as well!

What will you do to ‘spread the word’ that HUD-Code manufactured housing continues to be the most affordable brand of factory-built housing – or any type housing, for that matter, available anywhere in the United States? Write and tell us, via gfa7156@aol.com how you’re using this data to get customer, legislator, regulator attention, and sell more manufactured homes!

End Notes.

1. As will soon be pointed out in the forthcoming book SWAN SONG, a semi-autobiographical history of land lease communities from 1970-2017, most if not all annual MH shipment totals, e.g. 48,789 new manufactured homes shipped during 2009, are not verifiable using IBTS monthly data (IBTS does not publish annual totals for good reason), and different totals have routinely been published by one or more national advocacy entities between 1959, or 1985, thru year 2012.

2. Dr. Cooke’s ‘production value’ of $43,126 per new HUD-Code home is based on data researched during year 2013, at the behest of the Manufactured Housing Institute (‘MHI’). No data updates evidently available at this time.

George Allen, CPM & MHM; COBA7 c/o Box # 47024, Indpls, IN. 46247
Official MHIndustry HOTLINE: (877) MFD-HSNG or 633-4764.

SWAN SONG, Contretemps, & Honest Disagreement. All for You!

July 15th, 2017

Blog # 455; Copyright @ 16 July 2017; at community-investor.com/blog

Perspective. ‘Land lease communities’, previously manufactured home communities, & ‘mobile home parks’, comprise the real estate component of manufactured housing.

This blog posting is the sole national advocate voice, official ombudsman, historian, research report, & online communication media for all North American LLCommunities.

To input this blog &//or affiliate with Community Owners (7 Part) Business Alliance, a.k.a. COBA7, use Official MHIndustry HOTLINE: (877) MFD-HSNG or 633-4764.

COBA7 Motto: ‘U Support US & WE Serve U!’ Goal of its’ print/online media =
to not only inform & opine, but transform & improve MHBusiness performance!
________________________________________________________________________

INTRODUCTION: What a heady mix of topics this week! SWAN SONG, Contretemps, & Honest Disagreement. SWAN SONG focuses on past & present; Contretemps & Honest Disagreement on present & future, of manufactured housing and land lease communities. Just wish it could have all been penned in succinct fashion, but given the nature of both foci, this is the best I could do for you. GFA

I.

What’s So Special About Swan Song?

‘George Allen’s History of the Land Lease Communities (1970-2017)
&
First Official Record of Manufactured Housing Shipments (1955-2017)’

This is a tell-all book about manufactured housing and land lease communities during my 45 year career in factory-built housing and investment properties, and as a professional property manager – accolades, warts, and all!

No fewer than 80 friends and associates, from my decades in this ‘double dual business model’ are identified (Some have died), and credited for specific contributions to the manufactured housing industry, and ‘mobile home parks’ cum manufactured home communities cum land lease communities.*1 A personal goal is to put a gratis copy of Swan Lake in everyone’s hands at the 26th Networking Roundtable, 6-8 September, in Indianapolis, IN. Or mail copies to them afterwards. There are no plans to sell this historic, tantalizing, tell-all tome (‘large book’) on the open market.

Tell-all? Here’s one example. There’s never been, before Swan Song, an ‘Official Record of Manufactured Housing Shipments’ ,circa 1955-2017. Seriously. Oh, there’re lists all right, but have you compared claimed annual shipment volumes side by side, year by year? The totals often differ, depending on ‘whose & which’ national advocate’s list one references. Well, this ‘Official Record of Manufactured Housing Shipments’ debuting in Swan Song, lists annual shipment data with a (+/-) when there’s no verifying monthly data available from HUD’s contracted scorekeeper, the Institute for Building Technology & Safety (IBTS’). And where there is archived monthly shipment data (available only for recent years), the annual total is clearly marked as ‘Verified’. For the record, IBTS does not publish annual HUD-Code housing shipment totals, due to uncertain disposition of DESTINATION PENDING housing units – oft not resolved until years later!

There are additional timely and helpful reprints and unpublished works, about manufactured housing & land lease community topics. Here’s some of what you’ll read and in this landmark text:

• Brian Gallagher’s (COO/CFO @ Santefort Neighborhoods, Chicago, IL.), ‘A Land lease Community, Seller-Finance Success Story’, prepared for the Federal Housing Finance Agency’s (‘FHFA’) Chicago ‘listening session’ in early 2017. Reprinted from the Allen Letter professional journal.

• Spencer Roane’s (Founder & President of Pentagon Properties, Atlanta, GA.), ‘Manufactured Home in a Land Lease Community versus Site-built Home on Deeded Realty’ – a $ comparison featured in Manufactured Housing Review.

• Mary Ann Andersen, ‘One Man’s Vision Realized, the Saddlebrook Farms Story’. This is, without a doubt, one of the most anticipated business model success stories in manufactured housing and land lease community history!

• George Allen’s contributions: ‘An Error to Die For’ (circa 1990); ‘Upside Down in a Mobile Home Park’ (circa 2000); ‘Historical (chattel capital) Perspective, to FHFA’s DTS Rulemaking Challenge to GSEs’ (January 2017); as well as ‘The Florida Communities Story’, shared as a Case Study, in the Guidebook to On-site New Home Sales & Seller-financing (2016); and, ‘The Manufactured Housing Industry Tipping Point’ – a timely, serious warning to the industry and asset class!

If all that doesn’t titillate you to the point of wanting to be present at the upcoming Networking Roundtable, there isn’t much more I can say, to convince you to attend.

Furthermore, we’re ‘pulling out all the stops,’ to host and facilitate the Best educational, interpersonal networking, and realty deal-making opportunity ever planned and facilitated for owners/operators of land lease communities nationwide.

End Notes.

1. Double dual business model’ = HUD-Code manufactured housing production & distribution; land lease community development & management.
II.

CONTRETEMPS
&
HONEST DISAGREEMENT

MHARR finds FHFA’s Duty to Serve Underserved Markets – Implementation Plan, to be “…wholly deficient and unacceptable with respect to the manufactured housing component of DTS…particularly the chattel financing segment of the manufactured housing consumer lending market….” *1 And, “MHI reinforced its position the Enterprises’ plans must lead to chattel manufactured home loan purchases. MHI argued the plans should include measurable benchmarks, and DTS credit must only come from achieving these benchmarks.” (Lightly edited. GFA)

versus

Others (i.e. non-national advocacy entity academics, as well as businessmen & women, with ‘skin in the MH game’) wax optimistic. Believing GSE’s are ready to work with manufactured housing, on several fronts, to restore reasonable access to chattel capital to land lease community owners/operators routinely selling and seller-financing new and resale manufactured homes on-site. *2

So, how is this a contretemps (‘an embarrassing occurrence’)? As badly as the manufactured housing industry needs reasonable access to chattel capital for home loans, we don’t need continuing disunity and distrust hamstringing the industry in front of federal legislators and regulators! Answer this: ‘Do we continue to ‘go to the mat’ with said regulators and legislators; or, once again, placidly attempt to negotiate our way out of unpleasant situations?’ Here’s a clear example of this counterproductive attitude.

From ‘MHI News & Updates’ dated 12 July 2017:

“Several other organizations noted similar sentiments in their own comment letters. The National Association of REALTORS expressed their support of the Enterprises’ inclusion of a pilot program for chattel loans. The Mortgage Bankers Association stated, given that ‘chattel loans comprise the vast majority of manufactured housing loans, it would be difficult for he Enterprises to fulfill their obligation to serve the manufactured housing market without addressing chattel loans.”

Really? Well then, the defining question is this: ‘Where’s mention of MHARR’s like-focused comment letter to the FHFA? If NAR & MBA support of ‘inclusion of a pilot program for chattel loans’ is worthy of mention; why not the lengthy comments, on the very same subject during the same timeframe, from MHARR – as a sign of industry unity? As long as we, as an industry and realty asset class, suffer counterproductive attitudes like this, among manufactured housing advocacy entities in Washington, DC., we’ll likely continue to suffer unhelpful actions by regulators and legislators!

As to’ honest disagreement’; someone needs to stand up to ‘Support or Debunk’ (lightly edited) statements following; quoted from MHARR’s comment correspondence to the Honorable Mel Watt, Director of the FHFA, dated 10 July 2017:

• MHARR challenges FHFA “…to produce and approve amended plans that…provide for the market-significant securitization and secondary market support of manufactured home chattel loans by the Enterprises on an expedited basis.” (p.2)

• The FHFA 2016 DTS Final Rule and proposed DTS implementation plans flowing from that rule, represent not only a failure to comply with the will and word of Congress, but a failure of leadership as well.” (p.3)

• “The implementation of DTS…established by the FHFA final rule and related Evaluation Guidance fails to mandate any securitization or secondary market support for any type of manufactured housing loan, either real estate or chattel.” p.5)

• “…current ‘portfolio’ manufactured housing lenders have developed a profitable business model (with higher-cost interest rates that would produce even greater returns with the lower rates and significant greater volume that would result from Enterprise support)” p.8

• “…for the Enterprises, that spent years putting people into homes they could not afford – leading to their own collapse – to now balk at helping people buy manufactured homes they can afford (to buy), based on alleged ‘risk’, is absurd, unacceptable and inexcusable.” p.10

• “…manufactured housing consumers will remain, effectively, as captive customers, within a financing market dominated by just one or two lenders, that is less than fully competitive, and that charges them high-cost interest rates, specifically because of the absence of such support by the Enterprises.” p.13

Now, there was one statistic in MHARR’s ‘FHFA DTS’ review, and confirmed in MHI’s like letter, that illustrates growing influence and presence of land lease communities as buyers, sellers, and financiers of HUD-Code manufactured homes:

• “Chattel placements (presumably new homes going into land lease communities), represent an expanding segment of the overall manufactured housing market, having increased from 64% of all placements in 2007 to 80% of all placements in 2014, a 25% increase.” (p.6). For context; recall 2009 = the nadir point of MH shipments @ only 48,789 new HUD-Code homes shipped nationwide; and 2014, where shipment volume increased to 64,331 (verified) new homes.

MHI, in its’ own right, takes the Enterprises to task, in its’ comment letter dated 10 July 2017:

• “…both Plans include a number of ‘soft’ Activities (such as research, conferences, roundtables, and provision of educational materials), and both Plans include Objectives to promote loans to manufactured home communities, which do not increase the availability of manufactured home loans to very low, low, and moderate -income borrowers.”‘ p.1

• “…the Plans do not appear to include efforts to purchase manufactured home loans on a flow basis (i.e. through establishment of underwriting guidelines that allow seller-services to sell all loans that meet such guidelines).” p.2

• “…MHI believes purchasing commercial loans for manufactured housing (sic) communities does not address an ‘underserved market’ need, and therefore the Enterprises should not receive Duty to Serve credit for such loans.” p.3

• “MHI is confident chattel loans can be purchased safely and profitably, with proper underwriting standards and appropriate compensating fees and risk sharing.” From previous paragraph: “…it is now nine years since Congress passed Duty to Serve, and neither of the Enterprises are purchasing such loans.” p.3

• And finally, “…the buildout (sic) of a chattel purchase program on a flow basis necessitates the development of a functioning, cost-effective secondary market for such loans.” p.4

So, where do YOU stand amidst this ‘contretemps &. honest disagreement’ discussion?

It’s simply one more significant and timely reason why you should be in Indianapolis, 6-8 September, when our keynote presenter touts the positive perspective of this complicated matter. To register for the event, use attached brochure of via gfa7156@aol.com.

End Notes:

1. MHARR = Manufactured Housing Association for Regulatory Reform; FHFA = Federal Housing Finance Agency (oversees GSEs); &, DTS = Duty to Serve

2. GSEs = in this instance, Fannie Mae & Freddie Mac

‘MHFinancing Strategies, & Anticipated Impact of GSE’s DTS Programs; & more reminiscing!

July 7th, 2017

Blog # 454; Copyright @ 9 July 2017; at community-investor.com/blog

Perspective. ‘Land lease communities’, previously manufactured home communities, & ‘mobile home parks’, comprise the real estate component of manufactured housing..

This blog posting is the sole national advocate voice, official ombudsman, historian, research report, & online communication media for all North American LLCommunities

To input this blog &/or affiliate with Community Owners (7 Part) Business Alliance, a.k.a. COBA7, use Official MHIndustry HOTLINE: (877) MFD-HSNG or 633-4764

COBA7 Motto: ‘U Support US & WE Serve U!’ Goal of its’ print/online media =
to Not only inform & opine, but transform & improve MHBusiness performance!
________________________________________________________________________

INTRODUCTION: Oops! My attempt to dress-up last week’s blog posting (#453) with a yellow rising sun background, for some reason, negated your ability to access the blog proper via left clicking on the imbedded website address. Sorry ’bout that! Suggest you now, or after reading this posting (# 454), scroll back at the end of the posting, to read blog #453, titled: REMINISCING. Some good property management tales there – ones that prompted this sharing of more such tales, from others and me, again.

Know what? This blog is a classic example of ‘Saving the Best for Last!’ How so?

Part II embodies truly exciting new news, describing the keynote presentation to occur at the Networking Roundtable, the morning of 7 September 2017, in Indianapolis, IN. Could not alert you to this before, but now know, ‘This presentation alone, is worth the registration fee to attend this popular annual event!’

But first, to further reminisce…

I.

REMINISCING, Part II.

Here’s a lightly edited submission from now retired, long time independent (street) MHRetailer and land lease community owner/operator, Bob Bross, of St. Louis

Try being a retail dealer selling homes on a full recourse finance
basis, then having the banker get mad as hell at you, about something
or other, and being determined to bankrupt you – by handing you 105
repossessions in one year! I have the tax returns to prove it!

Yikes! Must be the reason my mentors, in this business, over the years, have counseled me to avoid full recourse at every opportunity. But ‘today’, isn’t that what many land lease community owners/operators are doing when they seller-finance their on-site new home sales transactions? Bottom line? Be very thorough with one’s lending screening and qualification process. For a great tool to this end, use Spencer Roane’s ‘free’ worksheet. We stock it at COBA7: Official MHIndustry HOTLINE: (877) MFD-HSNG or 633-4764, or request it via gfa7156@aol.com

And then there was this experience from Steve in California. “Awhile back I bought a 1970 ‘doublewide’ home from a heavy smoker. Collapsed floor board around toilet, paneling and draperies coated with cigarette tar (She never opened her windows, ever), original shag carpet, & Avocado colored appliances. Also a Singer sewing machine of 1897 vintage, and a 1936 Hoover vacuum cleaner. Remodeled the home and sold for a profit!”

Now, back to unique peculiarities and intricacies of land lease community property ownership and property management.

What have I seen done to ameliorate (‘lessen the consequences of’) an overworked extended aeration waste treatment plant, with weir overflowing ‘flock blanket’ in the clarifier tank – when word came down the health department inspector was making his circuit among (then) mobile home parks in a Kentucky county? Well, from behind one of the blowers, the maintenance man removed a box of Calgon dishwasher detergent powder, then generously sprinkled some atop the flock blanket. Wow! You should have seen that flock coagulate and drop down to about four inches below the water surface, just far enough to stop flowing over the weir at the end of the tank. Who’d a thought? Certainly not condoning this remedy, just describing it.

“Please fill out this Guest Card, so I can turn it in to show my boss I’m doing my job!” So said the home sales and leasing consultant, as I sat down for our Mystery Shopping interview. And know what? That’s the last she looked at the card and the ‘housing need’ information I’d printed on it. And here I thought a Guest Card was a tool to help sell more homes and lease more rental homesites! Guess I was wrong, in that case, anyway. By the way, this tale and one told last week, simply underline the necessity and value of having one’s residential, multifamily properties Mystery Shopped on a regular basis. Are you doing this?

“Your honor, I don’t have money to pay this rent and court costs.” To which the judge replied, “OK, empty your pockets onto the table there in front of you.” The defendant strenuously objected, but did so. Out came more than $300.00 in large bills; more than enough to pay the $200+ rent and court costs. Now that is going to happen only in a rural county court in southern Indiana….

Giving my maintenance man a tranquilizer pistol to ‘take down’ stray dogs running in packs through our manufactured home community started as a good idea, but ended with a classic ‘unintended consequence’.. Oh, it worked fine with the larger dogs. They’d be tranquilized, then taken to the local pound. However, when they overdosed (‘killed’) a smaller, mangy, mutt – it turned out to be a resident’s prize show dog! Seriously. They filed suit, and in the end, our insurance company paid them several hundred dollars to make the problem go away.

How do you turnaround a 135 rental homesite (bank foreclosed) community, plagued with 200+ potholes in the streets, and only ten rent-paying residents in place? Two years earlier the property was full, but when the town’s sole major employer, a factory, closed its’ doors, most homeowner/site lessees departed. The remedy? Fill the potholes yourself (It’s called ‘sweat equity’), and enlist residents to recruit friends, family members, and co-workers to fill vacant rental homesites, in lieu of rent increases!. Did it work? Sure did. 75% occupancy in a few years and no rent increase for five.

Best or worst delinquent rent collector of all time? Jules was a retired wrecker driver. He worked part time for me, going door to door, collecting back site rent. He was 100% effective! Decided to covertly shadow him one day to learn his secret. His drill? Knock on the front door and step back as door opened. Told the renter what he/she owed. If there was any argument, he’d turn slightly, displaying a holstered pistol barely hidden under his jacket or shirttail. End of argument. Renter paid and Jules departed. That was the last day Jules collected delinquent rental homesite rent for me.

So, like last week, if you have similar , beyond the pale, land lease community and management tales to share, let me know via email: gfa7156@aol.com

Now, onto – by far – the most exciting blog topic in this, and previous postings of late:

II.

Current MH Financing Strategies, & Potential Impact of GSE’s Duty to Serve Programs!

= the title of keynote address, at the 26th Networking Roundtable, Indianapolis, IN.

Here’s how the keynote presenter describes the important message he plans to share during the morning of 7 September 2017:

“A decade has passed since the Government Sponsored Enterprises (‘GSE’) last purchased chattel loans, and in that time, diverse and creative approaches have arisen in an attempt to fill the void. As Fannie Mae & Freddie Mac now signal they are ready to test the market for chattel loans, this first public presentation 1) reviews current financing options and strategies, 2) explores opportunities and impact of potential GSE chattel programs, and 3) paints a picture of manufactured housing’s future in the context of chattel finances evolution.”

Yes, this is the researched & compiled overview, of present & future manufactured housing chattel capital finance, we’ve awaited, for more than a decade! It will be formally presented by the individual, well known in land lease community owner/operator circles, who performed the actual research, interviewed lending sources, and worked with GSEs, to shape this historic comprehensive presentation. No one else in the manufactured housing industry is better qualified, or has the credentials, to ‘make this happen’!

Frankly, every major HUD-Code housing manufacturer, independent chattel lending source, both national manufactured housing advocates, and land lease community owners/operators presently engaged in the on-site sale and seller-financing of new and resale manufactured homes should be present for this first public presentation of this strategic, industry-saving & restorative topic!

And the ‘icing on the cake’ of this historic keynote address, will be a panel presentation the next morning – following the popular real estate mortgage originator’s panel – of one featuring HUD-Code housing manufacturers with company finance programs, and independent third party chattel capital lenders, who’re sponsors of this year’s stellar roundtable. The aforementioned keynote presenter will moderate that panel!

To register for the 26th annual Networking Roundtable, 6-8 September 2017, use attached brochure. To sign-on as a sponsor, contact me directly via (317) 346-7156. Don’t wait on either matter! Attendance this year is strictly limited to 200, due to meeting space availability at The Alexander host hotel in downtown Indianapolis, IN.

Postscript. No promises, but there’s a good chance this presentation will be published in the near future, enabling reprint circulation to land lease communities nationwide, only just now realizing they must buy new HUD-Code homes to sell and seller-finance on-site, if they plan to continue in business during the years ahead. But don’t wait for this to ‘maybe happen’. Be present for this first public presentation of the present and future evolution of chattel capital.

***

George Allen, CPM & MHM
COBA7, a division of GFA Management, Inc., dba PMN Publishing
Box # 47024, Indianapolis, IN. 46247
(317) 346-7156.