COST-BURDENED RENTERS

Blog Posting # 653 @ 27 August 2021: EducateMHC

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

EducateMHC is the online national advocate, asset class historian, data researcher, education resource & communication media for all land lease communities throughout North America!

To input this blog and or affiliate with EducateMHC, telephone Official MHIndustry HOTLINES: (877) MFD-HSNG or 633-4764. Also email: gfa7156@aaol.com & visit www.educatemhc.com

Motto: ‘U Support US & WE Serve U! Goal: to promote HUD-Code manufactured housing & land lease communities as U.S. # 1 source of affordable attainable housing! Attend MHM class!

INTRODUCTION: This week’s blog is truly a potpourri of real estate, government, REITs, property management, and resource topics. I hope you enjoy and learn from them!

I.

COST-BURDENED RENTERS

This from latest Harvard Joint Center for Housing Studies (‘JCHS’) report: “Housing affordability has been a challenge for the lo9west-income renters since pre-pandemic. According to the report, more than 80 percent of renters earning less than $25,000 were cost burdened – spending more than 30 percent of their income on housing costs – in 2019; and the majority spent over half their income on housing.” Affordable Housing Finance magazine.

II.

BET YOU DIDN’T KNOW THIS…
“The U.S. government is about to wage war against a new, booming class of cryptocurrency called STABLECOINS.” These are what governments fear and will fiercely fight.

“…stablecoins are tethered to real assets, such as the dollar or gold…meaning they can easily be used for everyday commercial transactions as well as long-term contracts.”*1

“…stablecoins cut out the middlemen. For instance, credit card transactions typically cost merchants 2 percent to 3 percent in fees. With stablecoins, those fees will go out the window.”

“Regulators are waking up to the fact that stablecoins threaten not only existing payment systems but also, and more fundamentally, the very monopoly that governments have on issuing currency. Governments want no challenges to that monopoly.”

End Note. #1. All quotes from ‘Why Washington Detests This Cryptocurrency’ column in August/September issue of FORBES magazine, page #15.

III.

LLCOMMUNITY REITS #3 OUT OF 13!

According to HOYA Capital’s ‘REIT Same-Store NOI Growth by Property Sector, the misnomered Manufactured Housing REIT ranks # 3 (out of 13 sectors) in performance at 18 percent; only behind Shopping Centers (not malls) & Self-Storage sectors.*1

If interested in following our real estate asset class REIT performance, month to month, do so via The Allen Confidential newsletter, which contains the Official MH Shipment & Stock Market Reports (i.e. five REITs & four publicly-traded HUD-Code housing manufacturers). Visit www.educatemhc.com

End Note. #1. Misnomer because ‘manufactured housing’ describes the producers of this type factory-built housing; whereas land lease community REIT – or alternatively, manufactured housing REITs, are appropriate monikers for the unique, income-producing property type.

IV.

CONTROL YOUR DESTINY AS A PM!

Are you an on-site property manager (‘PM’) or regional property manager of one or more land lease communities? Are you trained and certified as a PM? If you just answered ‘Yes’ and ‘No’ to those two questions, here’s an opportunity for you to control your destiny as a professional property manager!

How so? Best way is to identify friends planning to attend the LouisvilleMHShow, 19-21 January 2022; or even a group of PMs from your property portfolio, then reach out to the instructors of the Manufactured Housing Manager (‘MHM’) program via email: educatemhc@gmail.com – expressing your interest in participating in the one day ‘no test’ program.

Nearly 1,500 land lease community owners/operators and property managers are already MHMs in the U.S. and throughout Canada. It is by far, the most popular training and certification program for this real estate asset class. Now is the time to act! Start the ball rolling today.

V.

HERE’S HOW TO ORDER MY BOOK!

If you attended the final Networking Roundtable & Retirement Celebration on 12 August in Nashville, TN., you received, among other special gifts, a copy of FROM SMITTYALPHA6 TO MHMAVEN, the 200 pages autobiography I authored during last year’s pandemic.

This tome describes my Adventures of a Lifetime, from childhood thru college to the jungles of Vietnam. And how, along the way, Carolyn and I met, raised a family, and started GFA Management, Inc., dba PMN Publishing, to serve manufactured housing & land lease community owners/operators from 1980 thru this year. Plenty of photographs too.

To order, visit www.educatemhc.com and insert the book title into the SEARCH block. You’ll be glad you did. The initial print run was 250 copies, and already 2/3rds are in the hands of readers.

***
George Allen, CPM, MHM
EducateMHC