This Week, Next Week, & for Weeks to Come…
Blog # 364 Copyright 2015 COBA7® Worldwide Proprietary: community-investor.com
Perspective. ‘Land-lease-lifestyle Communities, a.k.a. manufactured home communities and ‘mobile home parks’, comprise the real estate component of manufactured housing.’
This blog posting is the national advocacy voice, official ombudsman (press), research reporter, & online communication media for all LLLCommunities in North America!
To input this blog &/or affiliate with Community Owners (7 Part) Business Alliance®, a.k.a. COBA7®, use Official MHIndustry HOTLINE: (877) MFD-HSNG or 633-4764.
COBA7® Motto = ‘U Support US & WE Serve U!’, & Goal of its’ print & online media = to ‘Not only inform & opine, but to transform & improve our MHBusiness model!’
This Week = All Eyes Are on San Diego
Things and times are a – changing, where manufactured housing and land-lease-lifestyle communities are concerned!
First, recollect the ‘turn of the century dual paradigm shift’ – the one continuing to evolve to this day. You know, the one where we’ve moved
“…AWAY FROM independent (street) MHRetailers, TOWARDS in-LLLCommunity home sales; &, AWAY FROM too easy access to chattel capital via independent third party lenders, TOWARDS reliance on cash transactions, seller-finance,, ‘captive finance’, lease-options, even rental units; on-site within LLLCommunities, of all sizes, nationwide!”
This week, during the 24th International Networking Roundtable, in San Diego, is where you’ll find ‘The Proof in the Pudding!’ Here, HUD-Code home manufacturers will keynote the program, challenging owners/operators nationwide – and in Canada, to ‘Sell More Community Series Homes into LLLCommunities!’
Ah, but Guess Who Isn’t Present?
Independent third party (chattel capital) lenders! Nary a one! But who will be present? Local banks, who’ve rediscovered LLLCommunities and their propensity for safe on-site home sales! Seriously. No traditional lenders!
It’s kinda complicated, or not. Here’s how one LLLCommunity portfolio owner/operator described the matter this past week:
“They are afraid of the old stories about high default rates in LLLCommunities, and can’t figure out how to get the owner/operator to underwrite/guarantee a direct loan to the home buyer. My formula that works? Sell properly-priced homes to qualified buyers, using lease option, until they’re seasoned, then encourage refinancing with a conventional lender.”
And that’s not all that’s happening in San Diego this week:
Record attendance expected at this year’s Networking Roundtable!
Record spread of participants from all segments of the MHIndustry!
This Roundtable makes manufactured industry history in three ways:
• Exposing attendees to nearly ‘net zero energy use’ HUD-Code manufactured housing used to rejuvenate functionally obsolete LLLCommunities throughout California!
• COBA7® announcing its’ next evolution, effective January 2016
• &, announcing of the DECADE (2015-2015) of ______________& _____________!
Icing on the cake…
Everyone present at this year’s event receives a copy of the new treatise, a 2015 & 2016 elaboration on the WHITE PAPER distributed at last year’s Networking Roundtable in Peachtree, GA. This one is suggestively titled:
‘Affordable (Manufactured) Housing’ – From Factory to Family; a Bold Look into the Future of Housing & Community!’
It’s written to shake-up our industry/asset class’ status quo, to energize our elected and salaried leaders in their search for, and implementation of, measures to invigorate housing production, distribution, and lifestyle!
But will it?
Only if leaders step forward and lead! Otherwise, it’ll be, sorry to say, ‘more of the same’ tripe (‘anything worthless’), for the year(s) to come, as we continue to stagger along at 50,000 – 60,000 new HUD-Code homes shipped per year. SIDEBAR. Why should we expect better? At present, three of the four national advocacy and statistical reporting entities agree as to how many homes we ship each month! One is always different…Why?
If unable to participate in this year’s Networking Roundtable, but would like a copy of the above-referenced, enlightening and challenging treatise, simply send a $25.00 check, made out to COBA7®, to GFA Management, Inc., Box # 47024, Indianapolis, IN. 46247. Want to talk about these serious matters? Phone the Official MHIndustry HOTLINE: (877) MFD-HSNG or 633-4764.