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Conquest Capitalism – Thoughts of Chairman Warren Buffett – Billionaires Campaign to Control Trillion Dollar Affordable Housing Market

February 9th, 2019 No comments

 

ConquestCapitalismThoughtsofChairmanWarrenBuffettBillionaresCampaigntoControlTrillionDollarAffordableHousngMarketDailyBusinessNewsMHProNews

 

The year was 1998. It happened to be the year that manufactured housing hit its last peak, but it was also the year that Simon Reynolds compiled and published “Thoughts of Chairman Buffett – Thirty Years of Unconventional Wisdom from the Sage of Omaha.”

 

ThoughtsofChairmanBuffettThirtyYearsUnventionalWisdomSageofOmahaSimonReynoldsDailyBusinessNewsMHProNewsUntil you turn to the back of Reynold’s book, not many pages in my copy of his thin volume are even numbered. Starting on page 141 are the following subheadings, bulleted below.  With those one can start the journey of understanding Buffett and his success formula.

 

  • Think Long Term
  • Buy Businesses You Understand

 

After the second bullet, you find this quote, “Remember his [Buffett’s]Circle of Competence theory. Step outside of it and the vultures will begin to gather. Stick to investing in industries you know something about.  When you have a feel for how the game is played, you are much more likely to score a home run…”

Later, Reynolds says this…

Part of understanding a company is understanding its management team. Are the executives competent?

Are they experienced? Or, as Buffett would say, are they fanatics?”

 

  • Don’t Overdiversify

You can’t be Bo Jackson in investing. Spread your energy and capital too many ways and you are courting disaster.”

For those who don’t know – or need a refresher on – Bo Jackson, here it is.

 

BoJacksonBaseballFootballWarrenBuffettQuoteMastheadBlogDailyBusinessNewsMHProNews

 

Disclosure

We are editorially pro-free enterprise.  But for reasons that will be understood from the research and linked reports, our publication is a Buffett critic.  Some believe he ‘saved’ manufactured housing in 2003.  Did he save this industry, or rather, did he start his conquest of it?

The evidence-to-date suggests that the third-richest man on the planet has purportedly mastered the art of the conceal with respect to manufactured housing.

After years of Buffett and industry research – plus my roughly quarter-century of direct involvement in this profession – there are many things that Buffett says that ought to be understood through these prisms.

  • What Warren Buffett said,
  • What he means.
  • The head fake.

Buffett is routinely selling. First, he is selling himself.

Then, he is selling his business and investing model.  There are plenty of takers on that, in investing, business, media, politics, and so on.

Third, Buffett is coy. Some things he says are straightforward and spot on. Other statements from Buffett have a veiled or hidden meaning. As a critic, let me note anew that with all people or organizations, the principle of ‘wheat and chaff‘ should be applied. Learn what to keep and utilize, but also learn via discernment what ought to be ignored, discarded, or understood in a different fashion than what the speaker may imply.

 

Conquest Capitalism

Let’s begin to popularize or coin a new phrase. Not crony capitalism. Not vulture capitalism. It isn’t a phrase from Reynolds’ book.

In Buffet-World, it is all about we what we are hereby going to dub “Conquest Capitalism.”

Buffett uses capital, information, headwinds, and understanding – including the essentials of human nature, and human weaknesses – to conquer.  “The Moat” is a term for the strategic principles used by Buffett in conquest capitalism. 

Conquest capitalism occurs through capital and the understanding and maneuvering of basic principles. Some of those are noted in Reynolds thin volume, like those quoted above or what follows.

Here’s a gem under the heading, “On Independence” – “You have to think for yourself. It always amazes me how high-IQ people mindlessly imitate. I never get good ideas talking to other people.” So said Buffett, claims Reynolds, citing U.S. News and World Report, June 20, 1994.

Or this “There’s something about smart people explaining ideas to an orangutan that makes their decision making better.”

Or “…people are creatures of habit.” Know right now that Buffett and his Berkshire brands count on that, big time. He counts on your habits. Buffett and his acolytes count on the habits of your team, and the habits of millions of others too.

Uncertainty actually is the friend of the buyer of long-term values,” said Buffett per Forbes 8.6.1979. Reynolds has that under the heading, “On the Advantage of Chaos.”

Buffett is also quoted saying “… – it’s the weak link that snaps you. And frequently, in the financial markets, the weak link is borrowed money.”

One could go on, but that’s more than enough Buffett quotes to outline what follows.  On his borrowed-money point, consider the reports linked here and here.  Arguably, no one can grasp why manufactured housing is as small as it is today without reading and understanding the nuances of those two reports, and others like it.

Buying and selling housing in the U.S. is a multi-trillion dollar proposition over the course of a decade. Last year, per the sources cited in the infographic below, sales of new and existing single family-homes and condos equaled about $1.6 trillion dollars in 2018 alone.

What the data reveals is that manufactured housing, properly understood, could take a huge leap ahead of its currently poor sales levels.  If you are an investor pondering this sector – or are already in manufactured housing – be mindful that the growth potential is stunning.

But if so, the curious mind should ask questions like this one. Why hasn’t MHI – or Clayton Homes, 21st Mortgage and Vanderbilt Mortgage and Finance for that matter – done a better job of marketing or advocacy on issues like zoning and placement, financing parity, and other key obstacles?

Or why have the powers that be that flow from Omaha to Knoxville, TN and into Arlington, VA seem to constantly be in motion, with so little to show for it at year’s end?  Isn’t there plenty of demand for affordable housing?

Ponder the 2018 factoids, data, and quotes that follow in this infographic.

 

2018DataShareofHousingMarketManufacturedHousingInfographicDailyBusinessNewsMHProNews612

The headline for this article includes the word “billionaires,” plural. There are more than one in the hunt, so that is not a typo. But Buffett has a clear edge at this time. One of his close friends, Bill Gates – whose Bill and Melinda Gates Foundation Buffett is a trustee of – has been exposed to Clayton Homes and manufactured housing too.

 

When you examine years of research, what you may learn by considering the history of MHVille is this. The Omaha-Knoxville-Arlington axis are posturing activity that seems to the casual observer to aim at promoting growth, or removing regulatory barriers. That said, note that the powers-that-be are not using their best possible arguments for zoning or other issues. The text/image boxes below are each hot-linked to a report on that topic.

 

State of the Industry 2019 – Reality vs. Potential for Manufactured, Modular, and PreFab Homes? New Infographic

 

Meanwhile, Berkshire’s market share in manufactured housing grows.

 

ClaytonHomesOakwoodHomesBerkshireHathawayMarketShareofManufacturedHousingEndof2003MHanufacturedHousingIndust

Clayton Homes, 2003. After the Buffett Berkshire Buyout.

 

They are making billions now. But through patience and conquest capitalism, manufactured homes could swell into one of the largest growth industries in the nation.

 

ClaytonHomesBerkshireHathawayMarketShareofManufacturedHousingEnd2017MHanufacturedHousingIndustryProNews

Clayton claims they had ‘only’ about 47.7 percent of the market at the end of 2017. Other sources indicate the total could be 50 percent. Either way, the Moat is working.

 

Steady persistence is an element of the Buffett play.

YouMHProNewsSeemToHaveConceptualIQThatIsMoreImportantThanSpellingAbilityQuoteMastheadMHProNews

Quote from an MHI member, business executive.

Had Buffett’s Berkshire tried to buy the entire industry in 2003 – which his resources could have allowed him to do – regulatory alarms would have sounded.  Patience allows him several luxuries. One is less regulatory scrutiny. Less chance for antitrust action.

Two, patience in a depressed industry sector allows him to acquire pieces of manufactured housing at a bargain “value,” which is also part of the Berkshire Moat model.

 

 

 

While You and Others Sleep

While you are running your path today, Buffett’s zealous business-unit leaders and their minions are waging a slow-motion war. Their leaders are taught to think long-term. Most others in this industry are thinking only about today, this week, month, or quarter.

That’s part of what allows conquest capitalist tactics – including that strategic Moat they use –  to beat competitors over time.

Some sell out to Clayton, or one of the other big three firms that dominate manufactured housing.  About 5 years before Berkshire entered manufactured housing in 2003, the three biggest firms had about 44 percent market share, said Buffett in an annual letter to shareholders.  Today, three firms have about 80 percent, and those 3 are all different than what existed 20 years ago.

Somewhat related, the SEC, it should be noted, will not yet say what stock(s) Joe Stegmayer, former Chairman and President of Cavco Industries and still Chairman of MHI, invested in that purportedly caused their legal fracas to erupt.

Over a dozen shareholders’ plaintiffs attorney firms are circling MHI member Cavco.

As a factoid, before going to Cavco, Stegmayer used to be a division president for Clayton. The growth at Cavco occurred after 2003, the same year that Buffett bought into MHVille. Coincidence?

Nor will the SEC say what investigation, if any, they are doing regarding possible collusion between various brands in manufactured housing. But if there were no investigations underway, wouldn’t the SEC just say so? We know from other sources that the CFPB and HUD are investigating the Berkshire brands in manufactured housing. Time will tell what comes of it.

 

Information and Disinformation

It isn’t just information, it is disinformation, that the Omaha-Knoxville and their nonprofit cat’s paw in Arlington, VA use.

Buffett and Clayton frankly don’t need their pawns in Arlington to understand anything. That’s not to demean anyone at MHI.  Rather, it is a simple reality. As long as MHI staffers do what Omaha-Knoxville want, as they want it – their ‘job’ is secure.  They can fail or succeed, it matters not for the purposes of their Moat.  The Illusion of Motion is what matters.

So there is no need for a conspiracy theory. The folks at Arlington could be Buffett’s proverbial “orangutan– see quote above – and that part of their strategic Moat system will work just as well.

From Buffett’s tower in Omaha, does it matter if MHI is hopelessly inept and ineffective at their claimed goals? Does it matter if MHI is cagily corrupted? Or some mix of those?  How did the manufactured home industry – which once outsold RVs 3 to 2 about 2 decades ago – slide so far that it now trails RVs by some 5 to 1?  What coach could keep their job with such poor performance?

Unless poor performance is okay? Who would pay bonuses for performance facts like that?

 

ManufacturedHomeMHShipments1990-2017MastheadManufacturedHousingMHProNews600

In 1998, manufactured homes outsold RVs by about 3 to 2. Today, RVs outsell manufactured homes by some 5 to 1. Manufactured homes are normally purchased for full time living, many RVs are for recreational or part time living. Many RVs – which are towable as well as motorized – can be higher than a manufactured home. The cost per square foot for a manufactured home is routinely lower.

 

Failure or success by MHI – either can suit the needs of the Berkshire brands.  Meanwhile, conquest capitalism is purportedly deploying the Moat to strike at the Achilles heels of various manufactured housing organizations’ interests

Rephrased, Buffett’s brands deploy capital – Buffett’s term – plus a clever blend of spin that includes facts, near facts, missed facts, and the confident trust that many won’t check the facts.

Plus, he counts on the fact that you and tens of millions won’t read, study, think, and plan as long-term as he and his colleagues do.

That’s a possible weak link. Because as soon as someone does thoughtfully study, in large part by looking objectively in detail backwards, one sees the picture that hundreds of millions miss.

 

InBusinessWorldTheRearViewMirrorIsALwaysClearerThantheWindshieldWarrenBuffettVASpapinquoteManufacturedHousingIndustryMHProNews

If you don’t pay attention to history, trends, and plan years ahead, Buffet’s conquest capitalism can sneak up one day and crush you. Another example, linked here.

 

Several thousand will read this column. I can’t say quite how many going in, but the rear view mirror trend lines suggest that our audience will find this topic of keen interest. Those thousands of readers will include the serious, as well as the merely curious.

It’s the few who are zealously informed and focused on ‘never quit until victory’ who will end up making the difference.

With some $500 billion of new capital coming back or into the U.S. in 2018 as a result of the tax cuts and jobs act of 2017, plus the Trump Administration regulatory reforms, this is possibly the best time in years to challenge Berkshire’s Moat.

 

CNBCCapitalIntoUSSinceTaxCutsJobAct500billionto1TrillionMastheadBlog

 

The Clayton retailers and Knoxville lenders’ can be outperformed. We’ve seen it done. We know those who are doing it in specific markets. On the consulting side of our operation, we’ve been part of several projects that have done it and are doing it at their local level.

 

That’s the introduction. Here’s the balance of the opening headline.

Corruption is rampant in America. That doesn’t mean that most are corrupt. That’s not necessary. It does mean that you can effectively buy off a few key people in high, important roles, and influence events in ways that few can imagine.

It means that billionaires can collude in ways that the SEC, FTC, or DOJ might not consider. We respect law enforcement, but one need not look far to see examples of justice gone awry in America.

So, if the Feds do get it on what’s happening in MHVille, they may or may not be willing to try undertake the effort to stop the collusion of the “conquest capitalists.”

Few should better understand than manufactured housing professionals how much misinformation is out there about our misunderstood industry.  Yet those misunderstandings are accepted as true.  Where is MHI’s efforts to correct the record?  Or to promote and explain the reality vs. the myth?

 

Our widely misunderstood industry is the wake up call for affordable housing industry pros. Misunderstanding is also the wake-up call for investors.  There is demonstrably no more proven solution to the affordable housing crisis than manufactured homes.  How is it even possible that it is so misunderstood?

 

InfographicMobileManufacturedHomeManufacturedHousingIndustryFactsDataResearchMobileManufacturedHomeLivingNews-445x768

2018 infographic with 2017 data.

 

Misinformation can be Opportunities in Disguise

A source with deep ties to Clayton Homes said that they have a two to three year plan to roll out 1,000 to 1,200 Clayton retail centers within a two to three year time span. To most, that defies belief. We have no documentation to reference, it’s a discussion, per sources. Unlike other tips, there is no evidence we have seen yet for that claim. It might even be a false flag.

But is it possible? With Buffett’s billions, of course it is.

If it is true, that number of new retail locations would mean that every remaining independent is no longer necessary to Clayton. The dust hasn’t settled yet on the story linked below. But that recent – and still ongoing issue – is an example of how bold Clayton is already behaving.

 

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

 

Part of the word heard is that Clayton, following our report linked above, reached out to Regional Enterprises to try to ‘mend the fence’ that CMH allegedly busted. But however that scenario wraps up, it is a huge wake- up call to the industry’s independents, isn’t it?

The similar story below was exactly one year ago.  No one else in the industry trades other than MHProNews covered either one. Why not?

 

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

 

Or where are the other trade publishers on this third-party report, linked below?

 

Examining Derek Thompson’s Atlantic Report on ‘Mobile Home’ Retail Market as Fastest Dying Business In America

 

It is very possible that Buffett and the folks in Knoxville have the following in mind. They are clearly supporting mostly Democratic candidates. They got a lot done – from their conquest vantage point – during the Obama Administration.

Well before the 2018 midterms were over, the 2020 contests were already underway. More precisely, as 2016 results became known, the battle for 2020 was launched. Buffett and his buddies are already deep in the hunt for those who will advance their agenda.

 

buffett-obama-mhmsm

Warren Buffett, left. President Barack Obama, right. Credit, Wikipedia.

 

For those who buy into those photo ops of ‘MHI leaders’ with administration or elected officials and their staffs, never forget that you don’t get more influential that the photos on this page.

 

WarrenBuffettBarackObamaAwardMedalMastheadManufacturedHOusingIndustryMHproenws

Warren Buffett’s grandson worked in the Obama Administration White House. You don’t get much closer to than that in terms of access. So MHI’s arguably red herring photos of MHI staff or board members with some representative or administration member, how does that compare to this? If Warren Buffett had wanted regulatory relief during the Obama years, don’t you think he could have had it? Isn’t it all part of his strategic Moat?

ManufacturedHousingIndustryInsightsManufacturedHousingInstituteMHICartoonMastheadCommentarySatireMHProNewsLifeStyleFactoryHomesLLC

MHIEmeraldCityOzManufacturedHousingIndustryManufacturedHousingInstituteMHIhumorsatireparodyMHProNews

It wasn’t until after we first published satire like this that MHI’s ‘engaged lobbyists’ reached out to the CFPB, and asked the business-friendly Trump Administration to consider changes that MHI claims to have been working on for years. Who said? A source at the CFPB.

RichardDickJennisonMHIPresidentPhotoBrianMontgomeryEnhancedPreemptionFHATitleChattelLoans1010RuleTimWilliamsDontLearnFromHist

We took MHI photos and turned them into satire. Instead of attempting to refute what MHProNews or MHARR reports, MHI has been using photo op images – like the one above – to ‘prove’ how much influence they have in Washington, D.C. and beyond. But you don’t get much more influence than Warren Buffett sitting with then President Obama do you? Why is mainstream housing roaring, and manufactured homes snoring? Why do MHI staff get bonuses? Photos are fine, but where are the measurable results for millions spent every year on lobbying, meetings, and promotion?

 

The Omaha-Knoxville-Arlington head fake is –  as Mark Weiss, JD, President and CEO of MHARR aptly put it – the illusion of motion and activity. When was the last time a con artist confessed until formally charged with crimes?

Factory-built homes are potentially a trillion-dollar-a-year industry. Patience and conquest capitalism is winning, and there is no reason to think that won’t continue. Unless the ploys are exposed, and then arguably the axis and their allies have to be defeated.

If we were wrong about our analysis of the facts and evidence, why doesn’t Knoxville and Arlington accept the offer to publicly refute our concerns? Why don’t they accept the offer to publicly discuss these issues, to be video recorded for later reply, in front of an audience of manufactured home industry independents?  Why not have the mainstream media attend such a discussion/debate?

Only in hindsight and by peeling away at enough layers of the onion does the fact-pattern and logic of their strategy become clear. The rest are details and commentary. See the linked text-image boxes for more details.

Investing? It would be hard to find a better bet than manufactured homes. Go back to the top and author Reynold’s quotes.  Grasp how logical affordable housing is as a business to invest in.  But to be successful, one must know how the game is played. Because the system, while arguably rigged, can be profitably beaten. Several are in the process of challenging the system, even as this is being written.

 

 

The Late Howard Walker and “The Book”

The late Howard Walker, Vice-Chairman for Equity LifeStyle Properties told me that “the money is in a book.” In context, he meant that the right book about manufactured housing was worth a fortune.

Properly understood, Walker’s point was arguably correct.

Whatever Simon Reynolds may have earned from “Thoughts of Chairman Buffett – Thirty Years of Unconventional Wisdom from the Sage of Omaha” was only a drop in the bucket compared to what is possible from shrewd investments combined with P.E.P. in manufactured housing.

unzipped-green-eye-black-background-collage-manufactured-housing-professionals-mhpronews-com-704x872pic-framed-

Protect. Educate. Promote – P.E.P. Officials. Advocates. Investors. The public. They are looking for us. Graphic credit, MHProNews, all rights reserved.

Not a ton of money from a book per se, but rather from the lessons that Buffett and his strategic/economic “conquest capitalism” Moat yields.

 

  • Some don’t fight the Moat because they don’t understand it.
  • Some don’t fight the Omaha-Knoxville-Arlington axis and their allies out of fear. We’ll explore the question of extortion and lack of options another time.
  • Some don’t fight it because they believe they benefit from it too. As Buffett Moat crowds out smaller players, some of the mid-sized ones think they can gain market share as well.
  • Some are the axis that makes up the Moat proper.

The industry is poised to be disrupted again, for a variety of reasons already in motion. The case could be made that this is the best time in decades to jump into manufactured housing, or to expand through prudent challenges to the Moat builders.  Because either out of patience, or whatever other reasons one cares to mention, Clayton and company are underperforming too.

So motivated, focused, well capitalized, disruptive performers could get in, and blow by them in just a few years. That will be explored too in an upcoming column.

The Moat and conquest capitalism are the truth hiding in plain sight.

To learn more about the Moat, see the linked related reports, further below. “We Provide, You Decide.” © ## (News, commentary, and analysis.)

(See Related Reports, further below. Text/image boxes often are hot-linked to other reports that can be access by clicking on them. Third-party images and content are provided under fair use guidelines.)

LATonyKovachQuoteManufacturedHousingIndustryWontReachPotentialAddresscoreIssuesArtificallyholdingitback466By L.A. “Tony” Kovach – for MHProNews.com.

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

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

Sign Up Today!EmailedMHProNewsHeadlineNewsDailyBusinessNews

Click here to sign up in 5 seconds for the manufactured home industry’s leading – and still growing – emailed headline news updates.

 

Related References:

The text/image boxes below are linked to other reports, which an be accessed by clicking on them.

Surprising Discovery on Manufactured Housing’s Enhanced Preemption, Hidden Gem$

MHI CEO Dick Jennison’s Pledge – 500,000 New Manufactured Home Shipments

Positive, Uplifting Third-Party Reports Favor Modern Manufactured Housing, So What’s Going Wrong?

 

“Democrats Are Sinful Hypocrites. Just Like All of Us.” Weaponizing Information, Senator Elizabeth Warren, and MHVille

 

“The Illusion of Motion Versus Real-World Challenges”

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

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

January 27th, 2019 No comments

 

GodsSenseofHumorTiltingAfterWindmillsManufacturedHousingMerchantsOrCrusadersMastheadMHProNews

What’s wrong is that enough people don’t ask what’s right – that’s a faithful paraphrase of the brilliant writer and believer, G.K. Chesterton.

 

One need not look far to discover that the Creator of all has a healthy sense of humor.

 

Warren Buffett, Kevin Clayton, Tim Williams – among their allies, pawns, lackeys, and stooges – could not have counted on their strategic economic Moat encountering the various resistance personalities found working in the manufactured home industry today.

Former Manufactured Housing Institute (MHI) President Chris Stinebert made a series of arguably interesting, inaccurate, and mistaken comments in his departing message to their association members and followers. One colorful piece of advice Stinebert gave was not to go tilting after windmills.

There are those who understandably believe that it is safer to be a so-called “Merchant” – someone who a self-described MHVille merchant said will do business with anybody –  than it is to be a Crusader, who could be defined as someone who fights for whatever is right.

But as the manufactured housing industry approaches 43 years since the construction of the first HUD Code for manufactured homes on June 15, 1976, there is an increasingly self-evident reality. It’s this. After decades of many MHVille industry pros being mainly merchants, the pool of merchants has steadily shrunk since the last industry high water mark of 1998.

Buffett says he loves to read. He finds value in history, facts, and figures. It’s a point the Oracle of Omaha and this far lesser known Masthead writer concur on. Wheat and chaff. Accept the truth, from whomever or where ever you find it.

In God’s grand sense of humor, Buffet’s minions picked an avoidable fight with this multiple award-winning history major, who happened to be a philosopher’s son. What rich irony!  That divine joke keeps me rolling, in more ways than one.

Not everyone in MHVille is a short-term thinker who will sell out the Master for 30 pieces of silver.

America is a nation filled with tragedy as well as hopes, with a rich tradition of attainable dreams.

Only those who will use some of their time, talent, and treasure to support the crusaders for justice in MHVille will hope to see the day when MH Nation becomes a reality. MHNation is attainable, but it requires enough sufficiently motivated efforts, hands, wit, and resources to help build and sustain it.

 

 

Big and Small, They Lost It All

Over the years, this writer has peered into the eyes of mom and pop businesses who didn’t understand what happened to their once thriving enterprises or land-lease communities.

This Masthead writer also watched as the once mighty fell too.  Previously dominating ‘old Fleetwood’ or ‘old Champion’ vanished in less than a decade, under the headwinds of the builders of Buffett-style strategic economic Moats. 

If the former giants of MHVille didn’t survive the strategic economic Moats of Chairman Mao, pardon me, Chairman Buffett, then what hubris does it take to believe that the also-rans in Claytonville can survive “the Moat’s” steady, grinding, and seemingly invisible methods?

We respect George Allen’s service to his nation.  Lord only knows what he may have encountered during Desert Storm or in the deadly jungles of Vietnam.

That said, it’s pathetically laughable when someone like George F. (F?) Allen calls himself the industry’s “historian.” Here’s how he said it in a recent post, “This blog posting is sole national advocate, official ombudsman, historian, research reporter, education resource, & online communication media for North American land lese communities!

 

CommunityInvestorJan152019GeogeFAllenMastheadBlogMHProNews

The next time the Omaha-Knoxville-Arlington axis asks for a hit-job, please send someone less self-contradictory, and more competent.  History?  Allen’s view of history puts him in the center of it all. Fascinating choice of who to answer, Kevin. 

 

Listening, musing, and reading pay. It was listening to a former client/supporter of Allen say, ‘With George, it’s AAA. All About Allen.” Priceless insight, spot on, and moving on.

 

 

Jesus and the 10

Jesus never preached socialism. Nor did Jesus preach monopolistic methods.

Properly understood, the 10 Commandments that Moses brought down from Mount Sinai protect private property and human wealth honestly earned.

It’s simple, really. Constantly reference, strive to support, and follow those Ten Commandments. Let those 10 and the lessons of the Good Book be your decision-making guide. When those 10 Commandments are understood and followed, society will thrive. When ignored, mocked, or trampled underfoot, the weak or most innocent become victims.  The Ten, with motivated merchants, make for the sufficient needs of crusaders.  The rest are details and commentary.

 

UnlessThereisAGodAllMoralityIsJustOpinionBeliefsNoKingsNoMonopoliesNoOligarchsAmercanWayMHProNews

The top images are composites from the Prager U video, further below. Over a million views on that thought-provoking video.

 

The Rev. Martin Luther King, Jr. Ph.D. was a sinner, like this writer, and the rest of us mere mortals. King had strengths and weaknesses.  Ditto. But that thoughtful strategist led a peaceful revolution in his day. King was a Crusader. That eloquent preacher had merchants who supported his crusader efforts.

Crusaders like Jesus, King, or Gandhi are always the ones who change the world.

 

MahatmaGandhiWIkiMastheadManufacturedHousingIndustryCommentaryMHProNews

This is historic. This is part of authentic history. 

 

Together, with arms locked, King and others marched against the oppressors of his time. King was a visible figure, but never forget that there were numbers of less visible ones who made sure that King secured the victory they sought.

Affordable quality housing – which can be served in the form of modern manufactured homes – is a civil, constitutional, and a legal right. But it will take enough Crusaders to beat those who’ve manipulated the American system in a way that moat builders seek to enrich themselves, as they arguably defrauded their neighbors as they smiled.

 

Don’t stop being a merchant.

 

But if you don’t want to be a statistic among other merchants in MHVille who’ve fallen before you, if you don’t want to be another “value acquisition” of Berkshire or a Buffett buddy, then ponder this reality.  You must use some time, talent, and treasure to support new structures to replace the purported corruption of Arlington VA based MHI and their masters in Omaha and Knoxville.

Buffett’s smart, in a Machiavellian way. Chairman Buffett and his are patiently grinding the industry into powder that he can easily swallow at a cheap price.

You, we, and other people of good will can use cunning, truth, and existing laws to beat Buffett at his own game. Who says? Centuries of Bible stories tell me it’s so.

There are various ways people around the globe express the Ten Commandments. Properly understood, at their core, they are the same. It’s noteworthy that Christian, Jews, Muslims and other believers have similar beliefs to these 10 Commands.

 

 

Read the related reports, further below, for added insights.  Reach out by phone, message, or email to tip, talk or join the merchants who are ready to be or support the spirited crusaders that can beat the corrosive effects of manipulating oligarchs and their Moat builders. Communism and the Nazis were defeated. America had its trust-busting era, that broke up the monopolists. Another one lies ahead. “We Provide, You Decide.” © ## (News, commentary, and analysis.)

(See Related Reports, further below. Text/image boxes often are hot-linked to other reports that can be access by clicking on them. Third-party images and content are provided under fair use guidelines.)

LATonyKovachQuoteManufacturedHousingIndustryWontReachPotentialAddresscoreIssuesArtificallyholdingitback466By L.A. “Tony” Kovach – for MHProNews.com.

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

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

Sign Up Today!EmailedMHProNewsHeadlineNewsDailyBusinessNews

Click here to sign up in 5 seconds for the manufactured home industry’s leading – and still growing – emailed headline news updates.

 

Related References:

The text/image boxes below are linked to other reports, which an be accessed by clicking on them.

MHI CEO Dick Jennison’s Pledge – 500,000 New Manufactured Home Shipments

 

Puzzling Case of Millie Francis, Where are Religious Liberty, Fair Housing, Resident, and Manufactured Home Organizational Defenders?

 

Former Manufactured Housing Institute President, Manufactured Home Owners, Urban Institute, and You

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

 

“The Illusion of Motion Versus Real-World Challenges”

 

 

 

 

 

 

 

 

Manufactured Housing Institute’s Three Stooges? SECO ‘Leaders’ George F. Allen, Spencer Roane, Tom Lackey and ‘Rent to Own’ Scams?

January 16th, 2019 No comments

 

ManufacturedHousingInstituteLogoMHILogoSECOlogoSoutheasternCommunityOwnersSymposiumLogoGeogeAllenSpencerRoaneTomLackeyMHProNewsMasthead

 

Tony…as I think you know, it’s ALWAYS been my position that lease option and rent to own are illegal if they are a “workaround” for chattel financing, which is what most such schemes are…” – MH Industry attorney, not an association exec, in off-the-record comment about his legal perspective about the issue that follows.

 

George F. (F?) Allen has protested the use of the quote above to MHProNews from a non-association industry attorney who wanted to remain anonymous.

Perhaps Allen doesn’t honor off-the-record, but we do.  Beyond honoring the pledge of protecting a source, is an attorney’s name even necessary? Arguably, not when the New York State Attorney General has successfully sued and forced about 100 manufactured home communities and their owners to settle their own rent-to-own cases.

That’s a nettlesome fact for Allen and company, see the NY AG press release to MHProNews, linked here.

 

AGUnderwoodAnnouncesMajorSettlementWithManufacuredHomeParkOwnesToReformRentToOwnFollowingAGIndustryWideInvestigationMHProNews

The issues are many, but let’s simplify some of them to these bullets.

 

  • Allen, Roane, and Lackey are all ‘leaders’ in SECO – the Southeastern Community Owners Symposium.
  • All three of the above fellows have drawn negative mainstream media attention for the use, or defense of the use, of ‘rent to own,’ ‘lease purchase options,’ ‘contract for title,’ or other forms of arguably “disguised credit transactions.”
  • Allen, Roane, and Lackey have all personally earned money from ‘rent to own’ (RTO), ‘contract for title,’ ‘lease purchase options’ (LPO) – or whatever you went to call the modern version of a Lonnie Deal (see download, linked here).  What might have been lawful prior to the Safe Act, and the advent of the Consumer Financial Protection Bureau (CFPB), is now deemed in the eyes of legal authorities as a “disguised credit transaction.” They are routinely seen as a form of predatory lending, and have reportedly harmed numerous consumers who trusted Lackey, and others.
  • You don’t have to look beyond the NY AG Case against for proof, do you? If larger manufactured home community (MHC) operations could not make this work in a legitimate fashion, per the NY AG, are industry independents really going to believe that Allen, Roane, Lackey and SECO know some trick that the large portfolio operators attorneys didn’t discover?
  • Perhaps to protect their own revenue stream and reputations, Allen and Roane defended and/or refused to condemn Lackey.
  • And over the course of several years, hundreds of manufactured home community owners have trusted Allen’s and Roane’s respective Schticks. How many ticking time bombs await?
  • Can you imagine the glee a consolidator might feel, if hundreds of more communities hit the market at a depressed price, due to bad advice taught at SECO and/or by Allen?
  • Allen likes to do magic tricks to entertain his audience. Let’s see what rabbit Allen tries to pull out of a hat to distract his readers and students from the cold hard facts that the NY AGs cases exemplified.
  • But the risks to consumers and independent manufactured home professionals arguably doesn’t stop with problematic RTO or LPO contracts for title. Because they have sponsors and often ‘big name’ supporters. Among them? Joe Stegmayer, who stepped down from Cavco leadership under a SECO Investigation cloud, but who has stayed on as MHI Chairman. Beautiful.
  • Stegmayer graced Allen’s ‘roundtable’ stage, giving each other some measures of ‘respectability.’
  • Fleetwood, a division of Cavco, has given SECO support too. So has MHVillage, and others. Will they demand indemnification for the so-called education that has been taught?
  • But has anyone asked what the liability and exposure are for those who sponsor so-called education that is flawed and risky at best, or illegal at worst?
  • What will that costly MHM certificate Allen sells mean to outsiders, if Allen, Roane, and Lackey end up in more media and/or legal hot water?

 

Ironically, it is Allen who volunteered or was deputized by MHI supporters to call for a boycott of this publication. That can be antitrust trigger. How ironically hypocritical.  See evidence of that and more at the download, linked here.

Besides years of arguable jealousy by Allen over our many-times-larger professional audience, is the fact that MHProNews has previously warned industry communities and retailers about the potential risks from using disguised credit transactions in today’s legal and regulatory environment.  Not to be overlooked are ties with MHI…

 

 

MHI Ties?

Where is MHI on this? A check of their website would suggest, silent. Rather akin to their silence on other issues – like the slow monopolization of the industry – that might be useful or importance?

ManufacturedHousingInstituteLogoMHILogoDIsguisedCreditTransactionMastheadCommentaryMHProNews

Allen, Roane, and Lackey can be viewed as the part time critics, and de facto part time supporters of MHI and their ‘big boy’ backers. Don’t ask for consistency from Allen, because you won’t likely find it, save in his arguably hypocritical inconsistency.

But the warning to industry pros is once more given. Allen, Roane, Lackey, and SECO are the typical stew of seemingly useful, but also problematic education. MH Industry

Professionals, hungry for educational opportunities, turns to them in desperation, and they find smiling carnival barkers.

State AG Files Suit Against, Manufactured Home Community, Rent to Own, Lease Purchase Option Warning

A entertaining and feel good blathering isn’t the same as genuine, legally sound, knowledge.

Just read the list of questions, linked here, put to George F. (F?) Allen and his cronies, and Allen’s non-answers.

DuckDodgeDismissDistractDetractDefame6DsMastheadCommentaryManufacturedHomeIndustryMHProNews

Caveat emptor. Let the buyer of such education beware. But sponsors, beware too. Because some legal authorities tell us that sponsors of legally risky education may have liability too.

In closing this column, let’s state the obvious. We are not the New York Times or Fox News. We do business development and other expert services to manufactured housing, not just publishing.

Our form of trade journalism is different than what mainstream journalists do.

But no serious person in our industry has disputed the facts, documents, evidence, and concerns we’ve raised. Allen, despite his roar and bluster, was given the chance to disprove a single claim. He hurled invectives instead. Again, the give and take are linked here, and included several individuals in BCCs on both sides.

One catches flak only when over the target. One of numerous examples is the target below.   The axis hates it, because its’ their own words, how do they argue against their own words? Allen and company have the same problem.

 

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

 

Be it the three stooges, or the Omaha-Knoxville-Arlington axis, their allies and surrogates, our catching flak is a badge of honor, given the sources.

From the smallest to the biggest firms in our industry logon daily to MHProNews by the thousands. They find the content relevant and useful. As an MHI member executive said in the quote below, what we may have periodic typos, but we make a logical case.

 

YouMHProNewsSeemToHaveConceptualIQThatIsMoreImportantThanSpellingAbilityQuoteMastheadMHProNews

 

That’s what vexes the Omaha-Knoxville-Arlington axis. And it is nettlesome to the three stooges whose purportedly ‘educational’ efforts more closely resembles scams. Sad. “We Provide, You Decide.” © ## (News, commentary, and analysis.)

(See Related Reports, further below. Text/image boxes often are hot-linked to other reports that can be access by clicking on them. Third-party images and content are provided under fair use guidelines.)

LATonyKovachQuoteManufacturedHousingIndustryWontReachPotentialAddresscoreIssuesArtificallyholdingitback466By L.A. “Tony” Kovach – for MHProNews.com.

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

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

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Click here to sign up in 5 seconds for the manufactured home industry’s leading – and still growing – emailed headline news updates.

 

Related References:

The text/image boxes below are linked to other reports, which an be accessed by clicking on them.

Former Manufactured Housing Institute President, Manufactured Home Owners, Urban Institute, and You

 

New Era in National U.S. Manufactured Home Community Representation Underway?

The Future of Retail, Disney, ‘Trailer Trauma,’ and Manufactured Housing

 

Manufactured Housing Institute Housing Alert, Affordable Housing Crisis, MHI’s #NettlesomeThings Response

 

 

 

 

 

It’s Your Profession – Investment of Time, Talent, Treasure – So What’s Next?

December 13th, 2018 No comments

 

ItsYourProfessionInvestmentTimeTalentTreasureSoWhat’sNext600x315

Political correctness – the PC movement – is arguably a form of manipulation and control. 40+ years ago, long before the PC culture took hold, people were aware of the notion that we should be polite and respectful of others. The baby boomer generation were the ones that made greater racial, religious, gender, and other forms of equality an ever-greater reality in America.

 

A recent study reflected that pay gaps have largely been proven to be a matter of choices. Men, per that study, earn more because they put in more overtime. That’s a choice. Within the norms of morality and good laws, choices should be honored.  

MailChimp says roughly 97% of our audience is domestic U.S. and Canadian. There are investors and factory-built housing professionals from across the country – and in other nations around the world – that read MHProNews. Why? Because we seek the truth, lay out facts, provide evidence, and let people make better informed decisions as a result. We don’t mind taking what some might deem to be politically incorrect positions. 

It has been almost a year since a gentleman from outside our industry – a high level executive for a multi-billion dollar organization – asked me face-to-face, why isn’t manufactured housing doing much better than it is? He had spent hours at the Louisville Show, was dazzled by the homes, and was stunned by the value.  

That was a senior executive. Someone with seasoning, a keen mind, not a greenhorn. 

Which is precisely the reason he asked that powerful three letter word question: why? Why isn’t manufactured housing performing better?

Our linked reports further below explore those issues, based on facts, evidence, and following the money.

When I joined the Manufactured Housing Institute (MHI) some years ago at the urging of industry peers, I expected to find people that wanted to see the manufactured home industry grow.

Indeed, most MHI members most certainly do want growth. 

As the son of a world-class philosopher, as a business professional with decades of experience in high-volume MH retail with high customer satisfaction in manufactured housing, and as a pro-industry and pro-free enterprise publisher, the years at MHI ticked by with little changing. I asked questions. I made suggestions. I was elected by peers to the Suppliers Division board. We did reports on MHProNews and MHLivingNews.

So we would politely advocate for what experience and logic told me was common sense.  

We interviewed almost anyone we wanted to talk to, including:

  • Jim Clayton – Clayton Homes and Clayton Bank,
  • Joe Stegmayer – Cavco and former Clayton division president, 
  • Tim Williams/21st Mortgage Corp,
  • Don Glisson Jr, Triad Financial Services,
  • ELS’ the late Howard Walker facilitated extensive authorized interview quotes from Sam Zell,
  • Sam Landy – UMH Properties
  • Nathan Smith – SSK Communities,
  • Frank Rolfe – who with his partner David Reynolds got tons of media by being politically incorrect and accessible,
  • Mark Weiss and Danny Ghorbani at MHARR,
  • MHI Presidents Thayer Long and Richard ‘Dick’ Jennison, 

and the list goes on to dozens of pros from every sector of the industry, including John Bostick, who is a respected independent’s independent.  

Those I’ve not mentioned in the brief list above should not feel slighted – because you know who you are, and so do long-time readers. Those interviews are still being read or viewed.

I’ve also not mentioned by name the dozens and dozens of homeowners with whom we did genuine interviews.  Nor does the list mention the many experts outside of our industry that we have on-the-record statements from, useful for clarity on the truth about manufactured housing.  

We did a report yesterday on the Daily Business News that includes this video by Sharyl Attiksson, award winning journalist. She walks viewers and her live audience through the “fake news” phenomenon. You can later access the video by the star journalist by clicking on the box below, which links to the report.

 

“Check Your Facts,” “Follow the Money” – Journalist Sharyl Attkisson, Fake News, MHVille Takeaways

 

There’s numerous salient points Attiksson makes, which is precisely why we curated and presented her talk to our industry-leading audience.

People who love us, or hate us, and those in between read here daily by the thousands. Why? Because we follow the money, follow the evidence, ask the questions, all while comparing claims to performance and deeds.

 

ManufacturedHousingInstituteDailyBusinessNewsMHProNews

Third party data per Webalizer, on Dec 1, 2018. In a small industry, the market penetration of professional readers is striking. We thank sources, readers, and sponsors alike.

 

People have the absolute right to support MHI, and I’d freely admit there were numerous pleasant and insightful conversations there. But what about actual performance? How do they – and their primary backers – live up to their claims? 

This is where MHI award-winner Marty Lavin’s wisdom comes in, when he said the following.

 

SoTheAssociationMHIIsNotThereFortheIndustryUnlesstheinterestsoftheBigBoysJointheIndustrysMartyLavinMHIAwardWinnerQuoteMHProNe

 

Danny Ghorbani left MHI back in the mid-1980s. He was asked by independent producers to help form a new association. That trade group today is known as MHARR – the Manufactured Housing Association for Regulatory Reform. Recall that in the 2018 Washington Post report, MHARR was revealed as the industry’s true hero re: Pam Danner (ICYMI or need a refresher, see hot-linked box below for details). MHARR has no top level turnover in years, by contrast, why has there been so much turnover at MHI?

 

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

 

As a report linked below reflects, when Danny ran the Louisville Show, it was a much bigger event than it is today. 

Attiksson makes the point in her TEDx talk that when you hear the same taking points over and over from mainstream media, you should ask, why? With so many media outlets, how is it that so many use the same phrases, the same words, the exact same talking points? 

As you explore trade media in manufactured housing, there are some variations. Some are arguably mere MHI mouth pieces. Some exist primarily to benefit the blogger. We respect their rights under the First Amendment to do so. 

But who besides MHARR and MHProNews routinely ask the tough questions about #NettlesomeThings 

We’ve done our share of ‘happy talk.’ But the facts – year after year – at MHI meetings is summed up in what a member CEO said, it is always more of the same.  

If MHI or Clayton Homes truly had the answers for what ails our industry, at what point will they actually show it?  

MHI claims they’ve exposed tens of millions of Americans to manufactured homes in 2018. If so – if they did such a fine job with their multiple-million dollar budgets – why are only 100,000 (+/-) Americans going to buy a HUD Code manufactured home this year???

 

ManufacturedHousingInstitutelogoMHILogoMHIVideoStillsMillionsofViewsMastheadBlogMHProNews-400x768

Even if MHI’s claims are true – properly analyzed – are an embarrassment to them and anyone involved. If they really had an audience of 84 million, and if their work was so good, why are so few manufactured homes being sold? Their promo video is arguably a magician’s slight-of-hand. Look here! Big Numbers! Oops, poor results…Why Aren’t Others in MH media spotlighting this obvious problem???

ManufacturedHousingSHipmentsBloombergQuintFactoryBuiltRebuidRecoveryMastheadLATonyKovachMHProNews-756x768 

ManufacturedHousingInstituteMHILogoOctober2018HUDCodeHomeShipmentsDeclineMastheadLATonyKovachMHProNews600

Both MHProNews third-party site stats plus feedback from professional readers, many of whom are MHI members, tell us that the industry’s professionals and investors want meaty reality checks, not more MHI pie-in-the-sky-in-the-great-bye-and-bye.

 

Why after praising MHProNews in writing and on video – numerous times – did they rescind our membership? Did we ask too many questions? Did we make too many suggestions that could result in real growth that years of experience proved would work when done correctly?

 

 

Or MHI’s then education-division leader (MHEI), Ann Parman’s praise for our presentation to MHI members at their Congress and Expo, urging proper media engagement to correct-the-record as issues arose. 

 AnnParmanVPManufacturedHousingInstituteMHILogoLATonyKovachMobileManufacturedHomeLivingNewsMastheadblogMHProNews800

TimWilliamsMediaRelationsManufacturedHousingIndustryMastheadMHProNews-500x277

MHI can’t claim ignorance, because their former Executive Committee Chairman, Tim Williams was asked and answered about the logic of doing media engagement to debunk every single case of misinformation. MHI has a PR person that works full time. As an MHI member said recently to MHProNews, what is that PR person actually doing?

 

Is growth for the many in the manufactured housing industry the agenda at MHI? Or – as their own evidence suggests – is their real agenda the consolidation of the industry into ever fewer select hands?  Click the box below for more details later, but move on for now.

 

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

 

We at MHProNews respect the rights of factory-producers to build whatever kind of homes they want to build that meet appropriate standards. Clayton experimented with the iHouse and iHouse 2. It was their right to prove themselves unable to successfully market it, despite lots of publicity.

 

ClaytonHomesiHouseChevyVoltGreenBridgeFarmsManufacturedHousingIndustryDailyBusinessNewsMHProNews

Ever wonder whatever happened to the Clayton iHouse? Or Clayton Homes iHouse 2? Not much, very few were sold, and so it was quietly dropped, per sources at Clayton.

 

  • Clayton and MHI both made a big deal about their image and ‘story telling’ videos. A bust. The views and the new home shipments data prove it. 
  • Clayton made a big deal about their relationship with then uber-popular Duck Dynasty. Remember that? Why no surge in retail-sold new home shipments?
  • Clayton made a big deal about a year ago regarding their TV ads on college football games. Huh, why are shipments flat? #NettlsomeThings.

 

MHI’s own data says about 1/3 of new manufactured homes are shipped to communities. The REITs freely admit most of those manufactured homes (MH) shipped to their communities (MHCs) are rented, as opposed to being immediately sold at retail. Subtract out MH rentals in MHCs, isn’t the industry essentially flat since 2010?  

These are all warning signs that industry investors and pros discuss with me off-the-record.  

Why do independents that once spoke freely on the record, now fear speaking out publicly?  Heck, why did historically outspoken Frank Rolfe stop calling MHI out and their failed, hypocritical leadership? Those were his words, not mine. 

These are #NettesomeThings, aren’t they?  

Nettles sting if handled improperly. But properly understood, nettles have medicinal qualities. 

Our purpose on MHProNews isn’t to embarrass Warren Buffett, Kevin Clayton, Tim Williams, Nathan Smith, MHI, MHVillage, or anyone else for that matter.   

Our purpose is to reflect reality. Those stinging nettles are meant as a cure – which is positive – by spotlighting the problems. Until a problem is properly understood, you can’t fix it. You don’t ask a doctor for happy talk, you ask an MD for the truth, and then the treatment that’s needed to achieve a cure.

The so-called ‘new class of homes’ is arguably going to be the next Clayton and MHI backed fiasco. It’s the absolute right for everyone in the program to be in it. 

But it is our absolute right as a pro-industry publication that wants to see the industry grow to ask the tough, #NettlesomeThings questions. That’s for medicinal purposes. Don’t blame the messenger, look at those whose behavior and track record requires that the message be made.

 

Housing Choice, Where Modular, Manufactured, Tiny, Conventional Housing Crisis, MHI and MHARR Intersect

LeveragingMomentumCreationNewClassofManufacturedHomesManufacturedHousingInstituteMHILogoMashteadMHProNews600 (1)

 

If we at MHProNews were wrong about any of these matters, why do the Clayton’s, 21st and MHI duck our questions, that for years they once gladly answered? Why don’t they just prove us wrong? They would if they could, right?  

RickRobinsonManufacturedHousingInstituteMHIDailyBuisnessNewsMHProNews

Rick Robinson, a MHI’s SVP and general counsel, ducked questions at the Deadwood conference in front of dozens of witnesses, just as Richard ‘Dick’ Jennison did at Louisville in 2018.

We periodically ask MHI and the Berkshire brands to show us any fact or logical errors. To quote some comments from MHI and other state association members, “Crickets.” No reply? Why? 

It is MHI’s own members that are troubled by this so-called ‘new class of homes‘ plan, see the related report accessed by clicking the box below, once you’ve finished reading this column.

 

“What Are We, Chopped Liver?” MHI Member December 2018 Reactions

 

The new class of homes logically will undermine over time all other HUD Code homes. Some, per our sources, were promised, prodded, and persuaded into doing them – which again is their right to decide to produce them or not. 

But as multiple MHI-only members have told us, the new class of homes is illogical. Why not build them modular, MHI producers said, if you do all of these changes? 

Why misdirect those Duty to Serve dollars away from HUD Code homes, which is what the Housing and Economic Recovery Act (HERA) called for? That’s some of what MHI members are telling me.  

 

 

The Costly Consequences 

Are you a HUD Code manufactured home lender? Mark my words, the value of your collateral will over time arguably be undermined by this misguided program.  That could happen if it succeeds, or even if it is tried for years and fails, as Clayton’s iHouse did.  

Are you a retailer or a community operator? Mark my words, the value of your residents’ homes will decline if this program is pushed. Why? Because the natural question – as MHI members are telling us – will be, why won’t the GSEs give us the same terms and conditions on all other HUD Code homes? The answer to that question undermines all other HUD Code homes.  

If the value of those existing manufactured housing residents homes declines, mark my words, the value of Manufactured Home Communities (MHC) will be impacted. Who says? Among others, legal and communities pros in our industry — who’ve raised these concerns directly to MHProNews. 

Keep in mind that sources in the GSEs have told me personally that this program was conceived backwards. One admitted it could backfire and harm the HUD Code. If so, that source said then they might change it. What?  

Ask yourself — why did they want this done between MHI, the GSEs, and Berkshire brands behind closed doors? Why wouldn’t they release the meeting minutes?  

For all of those who have been given proper notice as to the risks involved, consider the liability. I doubt the E/O policies will cover the losses from such a clearly flawed program.  

Who will do the lawsuits? Contingency lawyers, who are already exploring it, based upon the conversations and messages already sent and heard by me personally.  

Who will they sue on behalf of, you ask? Those millions of HUD Code Manufactured Home Owners, for one group.   

MH Community operations that are MHI members, if you don’t speak publicly out to object to this MHI plan, can you spell liability? 

Publicly-traded companies that don’t speak out publicly? Can you spell shareholder liability?  

Build those HUD Code homes however you want, within the norms of the performance standards, but my best advice is to publicly and promptely kill this term ‘new class of homes,’ right now. Then, stop the separation in HUD product that meets the Fannie Mae ‘MHAdvantage’ standards. Don’t let Freddie Mac do it either. 

Remind Fannie and Freddie that the HUD Code has nationally preemptive standards that should already be accepted. 

 

Who Will Survive This Looming Slow-Motion Tragedy? 

Pardon me for mentioning the fact that only one operation has pockets deep enough to survive the possible – arguably likely – wave of legal actions.  

Berkshire Hathaway, right? Recall that Kevin Clayton said in the video below, that “Warren” would be okay if he lost money for 5 years, as long as he grew his moat. Why not take Kevin at his word on that point?

 

 

For those that don’t know or don’t recall, there were big class action lawsuits years ago on plumbing and siding. Do we think at this current production level, that many in the industry’s producers – or other firms – will survive the logical trend of this emerging threat?  

Every business they put out of business, only helps the big boys, per their own “moat” theory, correct? 

 

The state executives who are caught in-the-middle or feel pressured on this, I don’t envy you. But you won’t be needed if the industry eventually vanishes in a logically coming wave of litigation. That’s why some of you are off-the-record sources for us already.

 

ConfidentialNewsTipsOKTipsIreportMHNews@MHMSM-comGraphic

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.

 

For those who think that they can pressure or dissuade MHProNews from speaking out about #NettlesomeThings — you’ve obviously misjudged me and mine. 

The time is now – now – to stop this slow-motion catastrophe.

It is also time – now – to forge the new post-production association and/or alliance structures that can keep those who remain in MHI in check.  Otherwise won’t the folks In Arlington, VA only keep making the same purported multiple years of errors that caused NMHCO or MHIdea to launch?

 

“Lots of Sizzle,” Clayton Sales Performance, Other MHI & Clayton Homes News Tips

 

It’s arguably a slow-motion head shot. If I’m wrong, then let Kevin, Tim, Eric, Dick, Lesli et al take a stage in Louisville with me in 2019 and debate it publicly on a video taped session, so all of manufactured housing and the world can see it. 

Ladies and gents, are you up for it? 

Why is manufactured housing underperforming? Could it be that it’s been undermined from within? 

 FrankRolfeObsticalToGrowthManufacturedHousingIndustryItself-postedMastheadBlogMHProNews

 

 

MartyLavinHUDCodeDeadlyDiscriminationCode-IndustryVoicesMHProNews-e1472170900504

There is a cost to ignoring bad news, and Marty Lavin’s put his finger on it. But as Rolfe and others have directly or obliquely mentioned, it is powers within the industry that have failed to defend the industry.

 TheManufacturedHousingInsittuteLogoManufacturedHomeIndustryOtherImageCampaignMartyLavinMHILogoMHProNews

That’s my two cents –  as someone invested in and who cares about this industry – based upon years of research, industry input, third-party experts, logic, and experience.  

AllTruthPassesThrough3StagesRidiculedViolentlyOpposedAcceptsSelfEvidentArthurSchopenhauerQuoteGalleryMastheadBlogManufacturedHousingIndustryMHProNews

If there is a flaw in the facts and reasoning, anyone who wants to speak up on behalf of the Berkshire brands in MHVille, or MHI are hereby invited to so do. Want the details behind the logic? Then see the related reports, in the linked boxes, further below. “We Provide, You Decide.”  © ## (News, commentary, and analysis.)

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

AlanAmyRoyerMobileHOmesOpelousaLALATonyKovachMastheadBlogManufacturedHousingIndustryProNewsBy L.A. “Tony” Kovach – for MHProNews.com.

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

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

Sign Up Today!EmailedMHProNewsHeadlineNewsDailyBusinessNews

Click here to sign up in 5 seconds for the manufactured home industry’s leading – and still growing – emailed headline news updates.

 

Related References:

Machiavellian “Godfather” – Sam Zell, Warren Buffett, Capital, Lending and Crossed Lines in Manufactured Housing

Back to Basics – What is Classical Liberalism, and What Can It Mean for Manufactured Housing Growth?

Understanding the News as Business, and Manufactured Housing

 

Clayton’s Miss, Kevin and Tim’s Manufactured Housing Kill Shot, More

 

 

Louisville and Tunica Manufactured Housing Shows, Controversial Profitable, Problematic Issues Loom

 

The American Dream, Arguably Among the Most Profitable, But Least Understood Stories in the USA Today

December 8th, 2018 Comments off

 

AmericanDreamMostProfitableLeastUnderstoodStoriesInUSATodayManufacturedHousingIndustryMastheadLATonyKovachMHProNews

The American Dream is more than housing that someone owns, but that is a key element to it.  Properly understood, this story could bridge much of the left-right divide. Properly told, and it would likely need to be a series, it could win a Pulitzer or other prize for reporting.

 

Nevertheless, those true tales are not being properly told, why?

A man’s home is his castle,” is a potent maxim whose origin dates back centuries. In 1604, Sir Edward Coke declared that “The house of every one is to him as his castle and fortress, as well for his defence against injury and violence as for his repose,” per Wikiquote.

There are dozens of nations where the rate of homeownership is higher than the United States. That’s a vexing reality. How can it be that when the typical American today is demonstrably richer than the inhabitants of other lands, why are their homeownership rates higher?

At the time this chart was produced, here are the rates of homeownership in dozens of nations, per Wikipedia.

 

Homeownershiprates49topcountriesperwikipediaUSA41stManufacturedHousingIndustryDailyBusinessNewsMHproNews

Why is the U.S. only #41 on this list?

 

The rate of homeownership has been recovering since the election of President Donald J. Trump. But per Pew Research in 2016 data reported in 2017, some 36.6 percent of our nation were renters. Conventional housing builders can’t keep up with demand. The National Association of Home Builders Chief Economist Lawrence Yun said earlier this year that some 8.3 million housing units are needed, now.  Several gurus among the tech giants have decided that only factory building can close the affordable housing construction gap.

 

PewResearchCenterHomeOwnershipRatesUSARentingHouseholdsMastheadBlogDailyBusinessNewsMHProNews

 

Here in the land where factory-home building was born, or at least popularized, there are known ways that millions of those renters could become homeowners, by opting for factory crafted homes.  Everything else you drive, wear, use to make calls came from a production center. Why is it that our society seems to fear factory built homes?

Millions of our fellow citizens could start building equity, which is the most common form of household wealth.

But millions don’t. Why?

As numerous professionals in our industry have long known, you can own a federally-regulated for safety, durability, and greener-by-design manufactured home for the same or less than rent in most markets. The National Association of Realtors™ (NAR) did serious, third-party research this year, that debunked many of the commonly held fallacies about manufactured homes. That NAR report was only a blip in the news.

Why?

With about half a million homeless in the U.S., perhaps the quickest way to house them affordably would be in the only kind of permanent housing built to a federally preemptive construction standard, known as the HUD Code for manufactured homes. The National Fire Prevention Association (NFPA) in their research a few years ago found that manufactured homes – unlike the mobile homes of over 4 decades ago – are as safe as a conventional house, but far less expensive.

ManufacturedHomeFireDeaths-2013NFPAreport-citation-postedManufacturedHomeLivingNews-JanHollingsworth

The NFPA said that the reports of fire related deaths in manufactured homes in 2007 to 2011 were so low that they surprised them, and thus merited ‘caution.’ But their own research proves that manufactured homes are as safe as conventional housing, and more safe than non-updated mobile homes built decades ago.

AreMobileHomeFiresBurningtheIndustrycreditNFPA2-postedtothedailybusinessnewsmhpronewsmhlivingnewsNFPAManufacturedHomeIsNotaMotorHomeOrTrailerAlthoughItisOftenCalledMobileHomeItIsNotThatEitherNFPADailyBusinessNewsMHProNews

Millions who want to retire well don’t think they can do so affordably, but if they understood the reality vs. the 42+ year old misinformation, they might sell their more expensive conventional housing, and turn instead to a manufactured home.

This year – in 2018 – alone:

  • The Urban Institute (twice)
  • Bloomberg
  • Fannie Mae
  • The National Association of Realtors
  • The Apartment List
  • Federal Housing Finance Agency (FHFA)
  • HUD Secretary Ben Carson
  • An affordable housing focus group of manufactured home owners, and
  • Value Penguin

 

are among those who have praised the manufactured housing option. How is it possible that it is still being called by the inaccurate pejorative, “trailer house?” When no mobile homes have been built in the U.S. for over 42 years, why do media and others often still inaccurately call a “manufactured home,” a “mobile home?”

 

TrailerHouseMobileHomeManufacturedHomeFactoryBuiltHousingEvolution101MHProNews-MHLivingNews

 

The last report noted in our bulleted list above – Value Penguin – cites third-party research by a pair of National Bureau of Economic Research (NBER) scholars to demonstrate how an additional two trillion dollars a year in Gross Domestic Product (GDP) could be produced annually, simply by making more affordable housing – including manufactured homes – more readily available.

Imagine for a moment that you wanted to break through on the noise about the affordable housing crisis. With such an impressive collective bulleted list – the one above – where would you put that on your website if you were the Manufactured Housing Institute (MHI)? Oddly, that list is nowhere one can readily see it, if it is there at all, it’s behind a firewall. Why?

Don’t misunderstand.  MHI has promotional information, but it looks like advertising instead of referencing all of the potent third-party praise cited above. It also includes facts that MHProNews advised MHI months before they made this posted video were inaccurate.  For example, the video understates the GDP contribution of manufactured housing, saying it is about $3 billion a year, when simple math tells us that in 2017 it was more like $6.5 billion that year. Doesn’t misinformation – perhaps geared to support a few favored members – from the largest national association only harm the industry’s credibility?

 

 

What you can find on their website is items like the video above, plus a new video that promotes MHI themselves.  That self-promotion of MHI video proposes an entirely new claimed solution that uses a new style – meaning, untested – home. That ‘new class of homes’ arguably could diminish the acceptance and value of what millions of manufactured homes already achieved and represent. That’s according to a range of industry professionals, that includes MHI members.  So why are they pushing that experiment when MHI-only members that are HUD Code builders have told MHProNews that it makes more sense to build a modular house instead of that ‘new class’ of manufactured home?  That would avoid all sorts of delay, confusion, and risks to the bulk of the manufactured home industry, existing home owners, and consumers alike.

Who’s brainchild was this MHI ‘new class of homes?’  Per a well-placed MHI source, the homes and standards originated from “Kevin Clayton.”

What you won’t see on the MHI website is an explicit statement of how much Berkshire Hathaway owned firms – like Clayton Homes – control that Arlington, VA based trade association.

What you won’t see on the MHI website is how Chairman Warren Buffett’s Berkshire Hathaway owned Clayton Homes and some of their lending sister firms are under several federal investigations.  On the boxes that follow, you can click the headline and access that report for more information.

 

Whistleblower! Ex-Clayton Homes Team Member on TV Denounces Manufactured Housing Giant’s Practices

 

Nor will you see how past MHI Chairman Nathan Smith, who is currently their MHI PAC Chairman, has had several potentially high-profile legal issues quickly swept away. Is it because of Smith’s strong ties to prominent Democrats? Or is it due to Smith’s ties to Clayton and Berkshire’s 21st Mortgage?

 

Nathan & Mary Lee Chance Smith, Leaders in ‘Anti-Trump Resistance,’ Manufactured Housing Impact?

 

When one drills down on the Manufactured Housing Industry’s tragicomic story, one sees how Berkshire entered the field 15 years ago and has purportedly proceeded to monopolize the industry.

 

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Maxine Waters (CA-D), Ranking member, Financial Services Committee. Waters is slated to be the next chair of this powerful House committee.

 

Among those who have pointed their finger with that allegation is Congresswoman Maxine Waters, who will likely chair the powerful House Financial Services Committee. Will Representative Waters (CA-D) and her Democratic colleagues investigate Warren Buffett, the Claytons’, and Berkshire Hathaway lenders – which she said was a near monopoly that has also been charged with racism and predatory behavior?

Buffett has said you don’t get involved in a business that doesn’t make sense. When legendary investors like Warren Buffett and Sam Zell are both in manufactured housing, how could that fail to register with more investors – not to mention – with so many millions of our fellow citizens?

Or is it because Buffett – who’s BH Media Group could arguably single-handedly change the understanding and thus the fortunes of manufactured housing – that in various actions and inactions keeps reality as foggy as possible? Does that fog help him consolidate more of the industry, that makes so much common sense? Plus earns Buffett’s Berkshire billions?

News is a business. Media covers or not what their management and ownership want, and in the way their management or ownership desires.

Poverty is also a huge business. Keeping some poorer than they should be can also be a tool used to generate votes at election time.

Meanwhile, millions are trapped in renting, or are homeless, in the wealthiest nation on the face of God’s earth.

I’m tired of being the best kept secret. I’m ready to help house America,” said Terry Decio, whose father Art Decio was once positively shown on the cover of Time Magazine back in the pre-HUD Code mobile home era.

 

TimeMagazineTerryDecioManufacturedHomeLivingNews

The Decio family had Art on the cover of Time Magazine decades ago.  What happened to our once far greater industry since then?

ManufacturedHousingSHipmentsBloombergQuintFactoryBuiltRebuidRecoveryMastheadLATonyKovachMHProNews-756x768

 

Terry, perhaps you should ask Uncle Warren for his permission to support and  properly tell the “best kept secret” story in the manner that it ought to be told?

 

The American dream awaits tens of millions, but various forces purportedly by their action and inaction are allowing it to languish. To learn more, see the linked boxes, below. “We Provide, You Decide.” © ## (News, commentary, and analysis.)

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

AlanAmyRoyerMobileHOmesOpelousaLALATonyKovachMastheadBlogManufacturedHousingIndustryProNewsBy L.A. “Tony” Kovach – for MHProNews.com.

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

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

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Click here to sign up in 5 seconds for the manufactured home industry’s leading – and still growing – emailed headline news updates.

 

Related References:

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

Machiavellian “Godfather” – Sam Zell, Warren Buffett, Capital, Lending and Crossed Lines in Manufactured Housing

Back to Basics – What is Classical Liberalism, and What Can It Mean for Manufactured Housing Growth?

Understanding the News as Business, and Manufactured Housing

 

Clayton’s Miss, Kevin and Tim’s Manufactured Housing Kill Shot, More

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

 

 

 

 

Hanukkah, Advent, Festivals of Light, and Celebrating Manufactured Housing Integrity

December 2nd, 2018 No comments

 

HanukkahAdventFestivalsofLightandManufacturedHousingIntegrietyMastheadCOmmentaryLATOnyKovachMHProNEws

It is better to light one candle than to curse the darkness.”

– Motto of the Christophers.

 

Our friends, colleagues, clients, and readers in manufactured housing span the gamut of almost any groups or subgroups one cares to mention. While Muslims, New Age, Buddhists, atheists, agnostic, and other religious groups are among our readers, we’ll spend a few moments on the Jewish festival of Hanukkah, which begins at sunset tonight, and the Christian feast of Advent.

 

HanukkahMenorahDefinitionDatesDec2-10-2018ManufacturedhomeMastheadCommentaryLATonyKovachMHProNews

 

As an FYI, ICYMI, we have an article on MHLivingNews geared toward the public.  There are countless ways that our industry’s professionals can honorably – with integrity – reach out to connect with those looking for a better lifestyle that costs them the same or less as other options.

 

Festivals of Light – Hanukkah and Advent in Manufactured Home Land – a.k.a – MHVille

 

There are people of integrity to be found from sea to shining sea in our industry.

They may work for big companies, or a small organization.  They may install homes, repair them, sell them, manage a community, build factory-crafted homes, provide financial services, offer legal or other professional services, or engage in the scores of other activities our industry requires.

AdventDefined2018DatesSundayDec2EndsMondayDec2242018CalenderpediaManufacturedHomeCommentaryMastheadBlogLATOnyKovachMHProNEws

 

And while it may be politically incorrect these days to explicitly say so, those who are inspired by their faith to be their best are arguably part of the reason for that integrity.

So first, let’s celebrate those who celebrate these festivals of light.  Let’s note too that historically, and in our own time, people of conviction are often called upon to fight for worthwhile principles.  It’s a mistake to believe that good things just happen by thought alone.  Faith without good works is dead (ref: Jas 2:26b).

 

MaccabeanRevolotJewishRebellionAgainstHellinistsJewishLifeManufacturedHousingINdustryMastheadCommentaryLATonyKovachMHProNews

Does manufactured housing need its own Maccabean Revolt? We’d argue, that yes, there is a cleansing needed in our industry too, one based upon eternal principles. We can all profit honestly, let’s not allow some to defame our industry and profession with dishonorable practices.

 

Next, those same faith categories are found among our manufactured home industry’s residents and home owners too. Only, they far outnumber us professionals.

Those in or familiar with the manufactured home community sector know that Hanukkah menorahs are seen in the windows of some residences.

Others have more often seen the “Christmas lights” – which are more properly Advent lights – in the four weeks before Christmas.

Our industry needs light, as do all professions. Our industry needs the inspiration of people of good will.

 

From the Mail Room…

My wife and I have had a few smiles and a good laugh about some messages and calls that have come in during the last week, which we will explain how it relates to this in a moment.

From a non-MHARR sources, are these 2 quotes. The “You” below should be understood in both instances as a reference to our online trade publications.

You are prolific and you keep the headlines sexy,” and “You seem to have a conceptual IQ that is more important than spelling ability.”

Thanks so much. There is always more, but that fits.  Because a man has to know and admit his own limitations. By way of disclosure, for Soheyla, English is her third language.  For me, my English teachers were driven crazy by my typos and glitches. In fact, my typing teacher told me I was the first person in her 40 years of teaching that she asked to drop her class.  Ouch, but sorry, but I stuck with it. Plus in an era of autocorrections, sometimes what you think you wrote isn’t what in fact gets published, if you don’t proof carefully enough.  Somehow, the good grades still happened for both of us.

The moral is that perfection isn’t necessary for something to be worthwhile.

Light is shined into the darkness. Lighting a candle dispels darkness. In fairness to the darkness, God made both night and day for good reasons. Plant and human growth aren’t just something that occurs during the daylight hours.

But light is needed to accomplish a variety of things after dark. For that, there are candles and other  more modern forms of illumination.

Neither you nor we have to be perfect to do some things well enough to make a positive difference in our industry and nation. In the places where darkness has reigned for too long, we quote the Creator of all things, who said:

Let there be Light,”

“…and there was light.”
(Gen 1:3)

Let’s embrace and share that light, even though light is at times resisted. Because it is better to light that candle than to curse the darkness. That’s a look at “Innovation – Information – Inspiration for Industry Professionals,” where “We Provide, You, Decide.” © ## (News, commentary, and analysis.)

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

AlanAmyRoyerMobileHOmesOpelousaLALATonyKovachMastheadBlogManufacturedHousingIndustryProNewsBy L.A. “Tony” Kovach – for MHProNews.com.

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

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

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Related References:

 

Where I Come From

Prosperity Now, Protests, Indivisible Project, Warren Buffett, George Soros, POTUS Donald Trump, MHAction and Manufactured Housing – Following the Money

November 9th, 2018 No comments

IndivisbleLogoProsperityNowLogoMHActionLogoGeorgeSorosWarrenBuffettDonaldJTrumpMHProNews

Prosperity Now. MHAction. Indivisible Project. Billionaires George Soros and Warren Buffett. Each of those are all interconnected. Each of those are involved in protests against manufactured home businesses, President Donald J. Trump, and his supporters.

 

Who says?

Let’s follow the facts, evidence, and the money trail.

1)    The billionaire George Soros funded “…Open Society funds are only a small percentage of Tides‘ total…” budget, says the Tide Foundation’s own website.  It’s in a post by Tides on their own website entitled “Why does the right hate Soros?

Rephrased, the self-proclaimed progressive Tides Foundation admits the connection between Soros, the Open Society and George Soros.

2)    As MHProNews and MHLivingNews have previously reported, the Tides Foundation also has major funding via other foundations by Warren Buffett.

Buffett, as focused manufactured home industry pros and observers know, is Chairman of Berkshire Hathaway, which owns giant Clayton Homes, Vanderbilt Mortgage and Finance, 21st Mortgage, Shaw Carpeting, and other firms that are in or supply housing and factory-builders. Berkshire is widely seen as the dominating force behind the Manufactured Housing Institute (MHI). Thousands of industry professionals were no doubt surprised that Buffett’s money flowed through Tides to anti-manufactured home community protesters, MHAction.

Manufactured Home Resident Group President Cautions Against MHAction, Surprising Background Reveal to Manufactured Housing Action

 

ICYMI, or want to refresh your mind, see two of those reports documenting ties between Tides, Buffett and MHAction, see the above and below.

 

Expose! Why Has Warren Buffett/BH Funded Anti-MHC Activists, MHAction? Why Fund Attacks on ELS, Frank Rolfe, Blackstone Group?

 

  1. Thanks to Tim Williams, 21st Mortgage Corp, There’s More…

We believe in giving credit where it is due, whenever possible.

Tim Williams, the prior MHI Chairman, and the 21st Mortgage Corp president and CEO, mentioned something a couple of years ago in a conversation with me that will connect to this picture.  We’ll spotlight that tie-in to this follow-the-facts, evidence and money report in the days ahead.

But my hunch is that when he reads this – and our sources say that he will – Tim just may recall what we’re teasing as the next shoe to drop for the MH Berkshire brands, MHI, et al.

Tim, thanks again.  In hindsight, that was a very insightful conversation.  Thank God for the gift of memory, right?

While some can’t be roused by anything, for others that report will be an earthquake for many in MHVille. We hope to have it in time for Thanksgiving. If you aren’t yet on our email list, you can sign up at the link shown on the banner.

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

Moving on now to the balance of the headline topic.

 

  1. Influence Watch, and The Indivisible Project, Soros and Buffett

Influence Watch is one of several organizations that track the often befuddling trail between various non-profits, foundations, and deep pockets like billionaires Buffett and Soros. Here’s what their research reveals.

The Indivisible Project (or Indivisible) is a left-of-center 501(c)(4) tax-exempt organization headquartered in Washington, D.C., and created in late 2016 as a response to the election of President Donald Trump. The Indivisible Project was established to provide liberals a practical guide about “Resisting the Trump Agenda.” [1] Despite connections to elite donors, Indivisible claims to be a grassroots movement. The organization was founded by two left-wing activists with congressional experience and ties to the left-of-center economic policy advocacy group Prosperity Now.[2] According to a spokesperson within the organization, Indivisible’s goal for 2018 is to replace all elected officials who don’t reflect their views with “diverse, progressive, local leaders.”[3] [4] Indivisible claims to represent over 5,800 groups and has a website that has been viewed over 18 million times.[5]

I can almost hear the sweat rolling off a few foreheads in Knoxville, Arlington, and Washington, D.C. based Prosperity Now. Some industry friends and colleagues of mine should also take notice of this too, because they know where these dot-connections are leading.

Here’s what they say about funding.

 

  1. Indivisible Financial Overview

Indivisible has published the nonprofit’s revenue from both its 501(c)(3) Indivisible Civics, and 501(c)(4) Indivisible Project for 2017.[9] In 2017, Indivisible raised “a total of $7.5 million,” with “$2.8 million” through the 501(c)(3) and “$4.7 million” through the 501(c)(4). Over the course of 2017, Indivisible was fiscally sponsored by the Tides Foundation and the Advocacy Fund (a Tides affiliate) until it “was granted 501(c)(4) status from the IRS” during the tax year.[10]

Of Indivisible’s 2017 revenue, 35 percent was raised through small dollar donations, and 65 percent was received through major gifts and foundation grants. [11] Of the $7.5 million raised, $3.4 million was spent on organization expenses,” according to Influence Watch.

 

  1. Founders of Indivisible

Established by left-wing activists Ezra Levin and Leah Greenberg in December 2016, Indivisible was originally organized as a movement along the lines of the conservative Tea Party opposition to President Barack Obama’s administration. [6] To that end, Levin and Greenberg’s first project was a 26-page political organizing manual entitled “A Practical Guide for Resisting the Trump Agenda. The manual highlighted the best methods to “beat back” President Trump and defeat the new conservative majority in Congress.[7]Since that original document was distributed, the movement has evolved into an effort to disrupt civil discourse and “sustain a powerful progressive movement.”[8]

Keep in mind that Prosperity Now is pro-manufactured housing, progressive operation, but is also favorable to issues like rent-control and has taken other problematic positions.  Prosperity Now used to be known as CFED. More on them in the days ahead.

 

  1. What Kevin Clayton said…

Now, with the above in mind, you see:

  • Non-profits
  • Foundations
  • Deep-pocket billionaires, including George Soros and Kevin Clayton’s boss, Warren Buffett.

 

With the above in mind, circle back to that video of Kevin Clayton in Smoking Gun 3.  Recall how Kevin was virtually gushing in that video about Clayton working with foundations and nonprofits?

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

 

Is the bigger picture coming into focus?

 

Facts & Analysis – Senator Elizabeth Warren re: Manufactured Housing Institute Memo to MHI Members, 10-3-2018

Now, keep in mind that companies associated with MHI, including but not limited to, Clayton and Cavco, are under various kinds of federal investigations.

 

Cavco Chairman Joseph H. Stegmayer Steps Down Under SEC Cloud, “Personal, Confidential” SEC Document, Cavco Industries’ Statement

 

News of Cavco’s SEC woes just broke this week.  But MHProNews has been reporting for some years about Clayton-Berkshire related federal investigations. Certainly, people are innocent in the eyes of the law until proven guilty.  That said, when there is smoke, is there a fire?

 

Much, Not All

The manufactured housing industry has been gamed by a rigged system for years.  Our industry once had hundreds of manufacturers, and literally tens of thousands of independent retailers. Some of those vanished due to natural events.  But others have arguably fallen due to unjust manipulation of regulatory, capital, political and other forces.

It is now becoming clear that protesters are just part of a broader plan. We’re political independents, and we strongly assert that most of the Democrats or MHI members that we personally know are fine people.  But they have often been mislead into believing certain things harmful to their interests.  A decade ago, the same could be said about swaths of the GOP too.

President of the United States (POTUS) Donald J. Trump is disrupting the rigged system.  That’s why elites in both major parties opposed him tooth and nail.  He is arguably taking the Republican Party, and turning it into a small-to-midsized business, white and blue collar workers party. He’s taken elements from both major parties, and is blending it into something new.

That’s a threat to everything that billionaires who control the Democratic party stand for, because the rigged system has purportedly made them billions of dollars. That’s why the invest so heavily in it.

We’re all for bipartisanship, and working with people of all backgrounds. But that starts with facts and evidence. If you or anyone you know can find any factual errors in the above, by all means, let us know.

 

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For feedback or 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.

Or if you have your own tips and stories to share, you can contact us via the link above, or my contact information below.  See the related reports, with one more to be posted late today, further below. That’s “Industry News, Tips and Views Pros Can Use,” © where “We Provide, You Decide.” © ## (News, Commentary, analysis. – Notice, the right to share this unedited, with a link back and proper credit, is hereby granted).

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LATonyKovachGoodBipartisanshipShouldalwaysBepredicatedBenefitallhonestindustrymembersnotslectfewquoteBy L.A. “Tony” Kovach – for MHProNews.com.

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

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

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Related References:

Divisions in America, and Manufactured Housing – Reality Check 1 – 11.9.2018

 

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