‘Monopoly’ – Justice Dept Sues RealPage for Pricing Scheme ‘Harming Millions of Renters’-Could DOJ Come After Datacomp and Manufactured Housing Organizations for Similar Claim? Plus MHMarkets

MonopolyJusticeDeptSuesRealPageForPricingSchemeHarmingMillionsOfRentersCouldDOJcomeAfterDatacompAndManufacturedHousingOrganizationsForSimilarClaimPlusMHMarketsMHProNews

“Real estate company helped to artificially inflate rents across America, Justice Department alleges,” said the headline on left-leaning CNN Business. “The Justice Department has filed a civil lawsuit against the real estate company RealPage, alleging the company’s software uses landlord data to artificially inflate the price of rent across the United States by quelling competition in the market. According to the complaint, the Texas-based company uses nonpublic data from landlords to train RealPage’s algorithm for pricing recommendations, creating a “vast scheme to subvert the competitive process,” a Justice Department (DOJ) official said. The DOJ press release on Case No. 1:24-cv-00710 filed in IN THE UNITED STATES DISTRICT COURT FOR THE MIDDLE DISTRICT OF NORTH CAROLINA was dated Friday 8.23.2024 and is posted below in Part I of this report. “Americans should not have to pay more in rent because a company has found a new way to scheme with landlords to break the law,” said Attorney General Merrick B. Garland. Does that same principle apply to site fees in land lease manufactured home communities? Potentially several elements of the DOJ allegations against RealPage might be applicable to Equity LifeStyle Properties owned Datacomp and other manufactured housing firms related that are already being sued for apparently similar behavior alleged in multiple class action antitrust suits; see those items and more in the analysis with commentary in Part II.

The DOJ press release below said in part the following.

The complaint separately alleges that RealPage has unlawfully maintained its monopoly over commercial revenue management software for multi-family dwellings in the United States, in which RealPage commands approximately 80% market share. Landlords agree to share their competitively sensitive data with RealPage in return for pricing recommendations and decisions that are the result of combining and analyzing competitors’ sensitive data. This creates a self-reinforcing feedback loop that strengthens RealPage’s grip on the market and makes it harder for honest businesses to compete on the merits.

Assistant Attorney General Jonathan Kanter of the Justice Department’s Antitrust Division said this.

“Today, we filed an antitrust suit against RealPage to make housing more affordable for millions of people across the country. Competition – not RealPage – should determine what Americans pay to rent their homes.”

The DOJ press release stated the following.

“RealPage’s egregious, anticompetitive conduct allows landlords to undermine fair pricing and limit housing options while stifling necessary competition,” said Acting Associate Attorney General Benjamin C. Mizer.

Again, more in the analysis segment of this article on how this may apply in manufactured housing is found in Part II. The Daily Business News on MHProNews market report is found in Part III.

Highlighting below is added by MHProNews.

 

Part I

Justice Department Sues RealPage for Algorithmic Pricing Scheme that Harms Millions of American Renters

Friday, August 23, 2024

For Immediate Release

Office of Public Affairs

RealPage’s Pricing Algorithm Violates Antitrust Laws

The Justice Department, together with the Attorneys General of North Carolina, California, Colorado, Connecticut, Minnesota, Oregon, Tennessee, and Washington, filed a civil antitrust lawsuit today against RealPage Inc. for its unlawful scheme to decrease competition among landlords in apartment pricing and to monopolize the market for commercial revenue management software that landlords use to price apartments. RealPage’s alleged conduct deprives renters of the benefits of competition on apartment leasing terms and harms millions of Americans. The lawsuit was filed today in the U.S. District Court for the Middle District of North Carolina and alleges that RealPage violated Sections 1 and 2 of the Sherman Act.

The complaint alleges that RealPage contracts with competing landlords who agree to share with RealPage nonpublic, competitively sensitive information about their apartment rental rates and other lease terms to train and run RealPage’s algorithmic pricing software. This software then generates recommendations, including on apartment rental pricing and other terms, for participating landlords based on their and their rivals’ competitively sensitive information. The complaint further alleges that in a free market, these landlords would otherwise be competing independently to attract renters based on pricing, discounts, concessions, lease terms, and other dimensions of apartment leasing. RealPage also uses this scheme and its substantial data trove to maintain a monopoly in the market for commercial revenue management software. The complaint seeks to end RealPage’s illegal conduct and restore competition for the benefit of renters in states across the country.

“Americans should not have to pay more in rent because a company has found a new way to scheme with landlords to break the law,” said Attorney General Merrick B. Garland. “We allege that RealPage’s pricing algorithm enables landlords to share confidential, competitively sensitive information and align their rents. Using software as the sharing mechanism does not immunize this scheme from Sherman Act liability, and the Justice Department will continue to aggressively enforce the antitrust laws and protect the American people from those who violate them.”

“Today’s complaint against RealPage illustrates our corporate enforcement strategy in action. We identify the most serious wrongdoers, whether individuals or companies, and focus our full energy on holding them accountable,” said Deputy Attorney General Lisa Monaco. “By feeding sensitive data into a sophisticated algorithm powered by artificial intelligence, RealPage has found a modern way to violate a century-old law through systematic coordination of rental housing prices — undermining competition and fairness for consumers in the process. Training a machine to break the law is still breaking the law. Today’s action makes clear that we will use all our legal tools to ensure accountability for technology-fueled anticompetitive conduct.”

“RealPage’s egregious, anticompetitive conduct allows landlords to undermine fair pricing and limit housing options while stifling necessary competition,” said Acting Associate Attorney General Benjamin C. Mizer. “The Department remains committed to rooting out illegal schemes and practices aimed at empowering corporate interests at the expense of consumers.”

“As Americans struggle to afford housing, RealPage is making it easier for landlords to coordinate to increase rents,” said Assistant Attorney General Jonathan Kanter of the Justice Department’s Antitrust Division. “Today, we filed an antitrust suit against RealPage to make housing more affordable for millions of people across the country. Competition – not RealPage – should determine what Americans pay to rent their homes.”

The complaint cites internal documents and sworn testimony from RealPage and commercial landlords that make plain RealPage’s and landlords’ objective to maximize rental pricing and profitability at the expense of renters. For example:

  • RealPage acknowledged that its software is aimed at maximizing prices for landlords, referring to its products as “driving every possible opportunity to increase price,” “avoid[ing] the race to the bottom in down markets,” and “a rising tide raises all ships.”
  • A RealPage executive observed that its products help landlords avoid competing on the merits, noting that “there is greater good in everybody succeeding versus essentially trying to compete against one another in a way that actually keeps the entire industry down.”
  • A RealPage executive explained to a landlord that using competitor data can help identify situations where the landlord “may have a $50 increase instead of a $10 increase for the day.”
  • Another landlord commented about RealPage’s product, “I always liked this product because your algorithm uses proprietary data from other subscribers to suggest rents and term. That’s classic price fixing…”

The complaint alleges that RealPage’s agreements and conduct harm the competitive process in local rental markets for multi-family dwellings across the United States. Armed with competing landlords’ data, RealPage also encourages loyalty to the algorithm’s recommendations through, among other measures, “auto accept” functionality and pricing advisors who monitor landlords’ compliance. As a result, RealPage’s software tends to maximize price increases, minimize price decreases, and maximize landlords’ pricing power. RealPage also trained landlords to limit concessions (e.g., free month(s) of rent) and other discounts to renters. The complaint also cites internal documents from RealPage and landlords touting the fact that landlords have responded by reducing renter concessions.

The complaint separately alleges that RealPage has unlawfully maintained its monopoly over commercial revenue management software for multi-family dwellings in the United States, in which RealPage commands approximately 80% market share. Landlords agree to share their competitively sensitive data with RealPage in return for pricing recommendations and decisions that are the result of combining and analyzing competitors’ sensitive data. This creates a self-reinforcing feedback loop that strengthens RealPage’s grip on the market and makes it harder for honest businesses to compete on the merits.

RealPage Inc., is a property management software company headquartered in Richardson, Texas.

Updated August 23, 2024 #@

 

Part II – Additional Information with More MHProNews Analysis and Commentary 

The RealPage suit includes several states that arguably span the ‘red,’ ‘blue’ and swing state labels. That case pleading against RealPage is linked here. In no particular order of importance are the following points.

1) In 2023, multiples civil class action antitrust suits were filed against companies operating in the manufactured home industry. Those companies, naturally, deny the allegations. But it should be noted once more in hindsight that the arguments made in some other manufactured housing trade publications and bloggers about those suits appear to have missed some key points. See what Cody Dees and others had to say in the report posted below.

 

CodyDeesKurtKelleyPriceFixingDefenseMHCommunitiesCourtAntitrustCaseFrankRolfeBuffettMoatResearchRemovableChassisDOE-ZoningFinanceImageSundayWeeklyMHVilleHeadlinesRecapMHProNews
https://www.manufacturedhomepronews.com/dees-price-fixing-defense-mhcommunities-antitrust-case-frank-rolfe-on-buffett-moat-research-on-removable-chassis-doe-zoning-finance-image-education-w-sunday-weekly-mhville-headli/

 

2) Those antitrust cases included the following. Note that each one of them names Datacomp as a defendant. In that respect, it seems similar to what the DOJ did with RealPage.

 

TwoMoreClassActionAntitrustSuitsHitHighProfileManufacturedHousingInstituteMembersAndMHIstateAffiliateMembersTowsendInCaseNo1.23-cv-16462andMunsPleadingsAnalysisMHProNews
https://www.manufacturedhomepronews.com/two-more-class-action-antitrust-suits-hit-high-profile-manufactured-housing-institute-members-and-mhi-state-affiliate-members-towsend-in-case-no-123-cv-16462-and-muns-pleadings-and-analysis/

 

ClassActionCase#1.23cv14565SailerVDatacompEquityLifeStyleSunRHP-InspireKingsleyCalAmHometownYes!CommunitiesMSJFiles3rdManufacturedHomeCommunitiesCaseOthersSetTrialPlusMHMarketsMHProNews
https://www.manufacturedhomepronews.com/class-action-case-123-cv-14565-sailer-et-al-v-datacomp-equity-lifestyle-sun-rhp-yes-communities-et-al-msj-files-3rd-manufactured-home-communities-case-others-set-for-trial-plus-mhmarkets/

 

ClassActionCaseNo23cv6715vDatacompEquityLifeStylePropertiesHometownAmericaLakeshoreCommunitiesSunCommunitiesRHPpropYESCommunitiesInspireCommunitiesKingsleyMgt-CalAmPropMHLivingNews
https://www.manufacturedhomelivingnews.com/class-action-case-no-23-cv-6715-v-datacomp-equity-lifestyle-properties-hometown-america-lakeshore-communities-sun-communities-rhp-properties-yes-communities-inspire-communities-kingsley-mgt-cal-am-p/

 

3) There are reasons for concern that the Manufactured Housing Institute (MHI) and/or MHI linked state associations may be playing a role in the matter of class action and antitrust litigation. MHI’s antitrust warning instructions are linked here. Several of the defendants, including Datacomp and Equity LifeStyle Properties (ELS) are members of MHI and/or MHI linked state associations. ELS bought Datacomp, as the report below detailed.

 

DidTheLateSamZellOverpayFreshEquityLifeStylePropertiesELS.ManufacturedHousingInstituteMHInewDocumentInsightsTheTruthHidingInPlainSightPlusMHVilleStocksREITsUpdateMHProNews
https://www.manufacturedhomepronews.com/did-the-late-sam-zell-overpay-fresh-equity-lifestyle-properties-els-manufactured-housing-institute-new-document-insights-the-truth-hiding-in-plain-sight-plus-mhville-stocks-reits-updat/
WhosWhoAtManufacturedHousingStateAssociationsPerManufacturedHousingInstituteMHI-OtherAssocWithAlHasselbertOfficialHistoryMHIplusMHMarketsUpdateMHProNews
https://www.manufacturedhomepronews.com/whos-who-at-manufactured-housing-state-associations-per-manufactured-housing-institute-mhi-others-with-mhi-official-history-per-al-hesselbart-claims-tips-views-plus-mhville-markets-u/

 

4) It should be noted that in some cases of ‘predatory’ behavior, state association membership is reportedly not present.

Hello Tony,
Parakeet Communities is not a member of our state association.
Melissa Caron

Executive Director, MMHA

LivingNightmareTrailerParkResidentsMobileHomeResidentsFileClassActionLawsuitAllegesParakeetCommunitiesDeceivedAndExploitedVulnerableResidentsFactsAnalysisMHMarketsMHProNews
https://www.manufacturedhomepronews.com/living-nightmare-trailer-park-residents-mobile-home-residents-file-class-action-lawsuit-alleges-parakeet-communities-deceived-and-exploited-vulnerable-residents/
HometownAmericaToMedia‘AskManufacturedHousingInstituteEdBartokRentDiscriminationCaseConcernsHometownAmericaDesireToRaiseRentsAsIitSeesFitDespiteLawPlusMHMarketsMHProNews
https://www.manufacturedhomepronews.com/hometown-america-to-media-ask-manufactured-housing-institute-ed-bartok-rent-discrimination-case-concerns-hometown-america-desire-to-raise-rents-as-it-sees-fit-des/

5) There are arguably various ways that may or may not involve Datacomp that could result in allegations of violations of state or federal antitrust laws.

 

MadAsHellKOB4LaughlinInvestigatesLegacyCommunitiesCoareCommunitiesFrankRolfeMHUcitedMobileHomeMonopolyEmblazonedByRegionalNewsInsideAmericasMobileHomeCrisisTheyreVulnerableMHProNews
https://www.manufacturedhomepronews.com/mad-as-hell-kob-4-investigates-legacy-communities-coare-communities-rolfes-mhu-cited-mobile-home-monopoly-emblazoned-by-regional-news-inside-americas-mobile/
TPGcapitalCarlyleBlackstone-JohnOliverStill-FrankRolfeDaveReynoldsLinkedTPG-ManufacturedHomeCommunitiesMobileHomeParksMHProNews
https://www.manufacturedhomelivingnews.com/hbos-john-oliver-on-last-week-tonight-mobile-homes-video-manufactured-home-communities-fact-check/
‘TakingFromPeopleThatCantAffordItDylanOlsonTellsReporters100sOfManufacturedHomeCommunityResidentsFightingBackAgainstRHP_PropertiesDisputed30PercentSiteRentHikeMHLivingNews (1)
https://www.manufacturedhomelivingnews.com/taking-from-people-that-cant-afford-it-dylan-olson-tells-reporters-100s-of-manufactured-home-community-residents-fighting-back-against-rhp-properties/
CAPREITannouncesStrategicSaleOf75ManufacturedHomeCommunitiesPortfolioForC$740 MillionTPG-RealEstateLinkedFirmFactsInsightsAnalysisBeyondPressReleaseReportsMHMarketsMHProNews
https://www.manufacturedhomepronews.com/capreit-announces-strategic-sale-of-75-manufactured-home-communities-portfolio-for-c740-million-to-tpg-real-estate-linked-firm-facts-insights-analysis-beyond-press-release-reports-mhmarkets/

 

WallStJournalPrivateEquityGiantsLinkedManufacturedHousingIndustryNearSettlementsWithSECoverApparentlyProhibitedCommuniquésBlackstoneTPXCarlyleFactsAnalysisPlusMHVilleMarketsMHProNews
https://www.manufacturedhomepronews.com/wall-st-journal-private-equity-giants-linked-to-manufactured-housing-industry-near-settlements-with-sec-over-apparently-prohibited-communiques-facts-with-analysis-plus-mhville-mar/
TriadFinancialServicesECN_CapitalSignificantBarriersToEntryBlackstonePartnershipExtendedExpanded4YearTrendswFedFundsImpactOnMHnegativeYTDreturnsMorePlusMHMarketsMHProNews
https://www.manufacturedhomepronews.com/triad-financial-services-ecn-capital-significant-barriers-to-entry-blackstone-partnership-extended-expanded-4-year-trends-w-fed-funds-impact-on-mh-negative/
JoelBrownRossHPartrichRHPPropHavenparkResidentsNewComplaintRHPPropertiesEvictDiscriminationHikesHavenparkCommunitiesManufacturedHousingInstCodeEthicalConductMastMHProNews
https://www.manufacturedhomepronews.com/masthead/rest-of-story-residents-media-complain-rhp-properties-on-evictions-discrimination-stiff-hikes-havenpark-communities-named-where-is-manufactured-housing-institutes-code/ Note: Havenpark, per a source, is no longer an MHI member, but the reason for that is unclear. If Havenpark was booted, why are others tolerated? Or did Havenpark’s leaders, after fact checks like this one, figure out that it simply didn’t make sense to stay a member of MHI and they just left on their own?
FrankRolfeQuoteSureItSoundsUnfairButNotIllegalIfYouLikeHavingAMonopolyHoldingAllCardsKnowingTenantsWontMoveOutNoWorriesNewPropertyNearYouLoveInvestingInMobileHomeParksMHLivingNews
See the report https://www.manufacturedhomepronews.com/mhu-frank-rolfe-dave-reynolds-rip-biden-regime-tipping-point-no-good-news-disastrous-policies-market-risk-vs-mobile-home-parks/ and others linked from this critical report, analysis and expert commentary.
FrankRolfeDenouncesSpecialInterestsDontTellMeWeCantSolveAffordableHousingTruthDontWantSolveAffordableHousingCallsUMH-LandyPlanAsinineMHMarketsMHProNews
https://www.manufacturedhomepronews.com/frank-rolfe-denounces-special-interests-dont-tell-me-we-cant-solve-affordable-housing-truth-is-we-dont-want-to-solve-affordable-housing-c/

6) MHProNews and our MHLivingNews sister site have been raising antitrust concerns in the manufactured housing industry for some 6 plus years. Some things take time to develop on the legal front. It may be entirely unrelated, but two of the publicly traded firms that could or have already been hit by formal antitrust allegations have witnessed insiders selling, rather than buying, their company stocks.

 

CNNpoll-MostRentersCantAffordBuyHouseYetSkylineChampionInsidersKeithAndersonTimLarsonSellingSKYshares2ndLargestManufacturedHomeProducerIn2024whatsUpFrankRolfeRemarkAnalysisMHProNews
https://www.manufacturedhomepronews.com/cnn-poll-most-renters-cant-afford-to-buy-house-yet-skyline-champion-insiders-are-only-selling-sky-shares-2nd-largest-manufactured-home-producer-in-2024-whats-up-frank-rolfe-remark/

 

PatrickWaiteEquityLifeStylePropertiesEVP-COOandManufacturedHousingInstituteMHIexecutiveCommitteeBoardMemberDumpsOver1.4-MillionInELSsharesWilliamLutzOnDoublespeakMHProNewsMast
https://www.manufacturedhomepronews.com/masthead/patrick-waite-equity-lifestyle-properties-evp-coo-and-manufactured-housing-institute-mhi-executive-committee-member-dumps-over-1-4-million-in-shares-of-els-william-lutz-on-doubl/

7) The fact that Robert F. “Bobby” Kennedy Jr and deposed President Donald J. Trump has joined forces on the campaign trail for the 2024 election should not be overlooked. From the Kennedy 2024 website is the following.

one of Robert F. Kennedy Jr.’s top priorities will be to dissolve the corrupt merger of state and corporate power.  That means freeing government agencies from the control of big corporations.

 

RFK Jr.: Why Corporate Capture Is The Biggest Threat to American Democracy

 

RFK Jr.: Fighting Corporate Power – Then And Now
When corporations dominate our government, human beings, communities

Small business is the backbone of the American middle class. I will support small business owners, give them access to better resources and protect them from predatory corporations.

– Robert F. Kennedy, Jr.

 

According to the American Small Business League, the leading advocacy organization for small businesses, Fortune 500 companies have received billions in federal dollars which are intended for small businesses. The federal government has subverted the Small Business Act for 40 years.  This steals from our middle class and undermines our Main Street economy.  A GAO (Government Accountability Office) study found that 34% of large, profitable corporations paid zero in federal income taxes.  These parasitic, mega-corporations fill their coffers while shipping American jobs overseas and haven’t created any new net jobs since the 1980s.

The bold is in the original in the above. It should be noted that the Google antitrust suit was launched under the Trump Administration, not under the Biden-Harris regime.

 

RulingWillCauseGeneralCounselsToAdviseCorpLeadersOnImpactOfGoogleMonopolyDecisionMonopolistRulingUS-ManufacturedHousingImplicationsFactsViewsPlusMHMarketsMHProNews
https://www.manufacturedhomepronews.com/ruling-will-cause-general-counsels-to-advise-corp-leaders-on-impact-of-google-monopoly-decision-monopolist-ruling-u-s-manufactured-housing-implications/
CivicAllianceLogoBezosPicAmazonGatesMicrosoftWarrenBuffettBerkshireHathawayZuckerbergFacebookJackDorseyTwitterLogosPresTrumpWhiteHousePhotosPlanOustPresTrumpHidingPlainSightInsideScoop
https://www.manufacturedhomepronews.com/civic-alliance-amazon-facebook-buffett-berkshire-backed-kraft-arabella-advisors-cbs-disney-twitter-bill-gates1000-corporate-nonprofit-plot-brags-ousting-president-trump-sunday-weekly-head/

 

Anyone who thinks that Trump, Kennedy, and Elon Musk may ignore the years of corporate backstabbing, purportedly in collusion with certain officials in the government, should Trump-Vance win the November 5, 2024, general election isn’t paying enough attention.

 

CNNonHarrisWalzGainsTrumpMuskInDepthChatHitsBillionViewsHousingCOLstres 39%USA_Brits-EUchargedwUS_ElectionInterferenceHarrisDemocracyNowVideoAnalysisMHMarketsMHProNews
https://www.manufacturedhomepronews.com/cnn-on-harris-walz-gains-trump-musk-in-depth-chat-hits-billion-views-housing-col-stress-39-usa-brits-eu-charged-w-us-election-interference-harris-democracy-now-video-analysis-mhmarkets/

 

8) MHProNews and our MHLivingNews sister site have led the charge in manufactured housing trade media for over a decade as champions of small to midsize business rights and the rights of customers and residents. There is a case to be made that more and more Americans across the political spectrum are waking up to the threat of oligopoly style monopolization. Technology makes antitrust violations potentially easier, as the RealPage suit alleges. MHProNews will continue to monitor and report as deemed warranted. Stay tuned.

 

WeLiketheOligopolyNatureOfOurBusinessSamZell-EquityLifestylePropertiesManufacturedHousingInstituteMember-Quote-MHProNews
https://www.manufacturedhomelivingnews.com/reflections-on-death-of-sam-zell-and-late-equity-lifestyle-properties-els-chairman-zells-impact-on-manufactured-home-living-and-the-affordable-manufactured-home-profession/
InsideMindWarrenBuffettLargestOwnersBerkshireHathawayBigInstitutionalInvestorsInsightsChairmanBuffettOthersAboutMajorConglomerateInterestsInManufacturedHousingPlusMHMarketsMHProNews
https://www.manufacturedhomepronews.com/facts-analysis-who-are-largest-berkshire-hathaway-owners-biggest-institutional-investors-insights-from-chairman-buffett-other-major-conglomerate-interests-in-manufactured-housing-apple-tease/
LoperBrightsLightOnFHFA-FannieMaeFreddieMacDutyToServeManufacturedHousingAndaPimpleOnAnElephantsAssEyeOpeningWarrenBuffettDTSforManufacturedHomesWithAnalysisMastMHProNews
https://www.manufacturedhomepronews.com/masthead/loper-brights-light-on-fhfa-fannie-mae-freddie-mac-duty-to-serve-manufactured-housing-and-a-pimple-on-an-elephants-ass-eye-opening-warren-buffett-dts-for-manufactured-homes-wit/

 

WarrenBuffettAccusedEvidenceInsiderTradingArticlesVideoRevealBuffettNiceGuyBillionaireImageRuseClaytonHomes21stMortgageVanderbiltMortgageImplicationsFactsAnalysisMHProNews
https://www.manufacturedhomepronews.com/warren-buffett-accused-evidence-of-insider-trading-articles-video-reveal-buffett-nice-guy-billionaire-image-a-ruse-clayton-homes-21st-mortgage-vanderbilt-mortgage-implications-facts/
ForgetWhatTheyToldYouWantTheTruthFollowTheMoneyRoxanneBlandJD-AuthorAttorneyMHProNews
  https://www.manufacturedhomepronews.com/black-holes-in-journalism-kristina-borjesson-only-released-half-information-govt-agencies-big-media-woes-shadows-of-liberty-acclaimed-full-documentary-with-exclusive-annotate/ and https://www.manufacturedhomepronews.com/runaway-corporate-monopoly-power-inequality-generating-machine-ultra-rich-get-richer-but-5-billion-grow-poorer-says-oxfam-per-inequality-report-facts-with-u-s-and-mhville-in/

 

5482931-itisnotonlyamonopolyonwealthbutDannyGloverMHProNewsCollage
Quote from the full length and award-winning Shadows of Libertydocumentary drama. Shadows exposed several aspects of the political, media, corporate, and regulatory nexus by interviewing insiders involved in it. It explores examples from left and right with the impact of money and information manipulation. Glover has served on a Warren Buffett funded board. https://www.manufacturedhomepronews.com/danny-glover-and-revealing-manufactured-housing-realities-power-of-correct-questions-and-observations-regardless-of-good-bad-laughable-or-no-reply-plus-sunday-manufactured-home-weekly-r/ See the Illusory Effect updates linked here: https://www.manufacturedhomepronews.com/when-the-lies-are-so-big-no-one-would-dare-disbelieve-them-mainstream-legacy-or-alternative-media-u-s-public-policies-illusory-truth-and-manufactured-housing-plus-mhville-mark/
“ThisPatternObscuredSabotagingMonopolyTacticsLeadsToNewSetOfMonopoliesThoseInTheManufacturedHousingIndustry-JamesAJimSchmitzJrMinneapolisFedReserveMHProNews
Schmitz in a separate but related research report on the topic of sabotage monopoly and its impact on manufactured housing said: “This [pattern of obscured sabotage monopoly tactics] leads to whole new set of monopolies, those in [the] manufactured housing industry itself.” https://www.manufacturedhomepronews.com/affordable-homes-for-low-income-must-produce-in-factory-years-to-unravel-sabotage-grad-students-interest-in-manufactured-housing-factory-home-solutions-plus-sun/
SamuelStrommenQuoteMonopolisticHousingInstituteLogoBig3ClaytonHomesSkylineChampionCavcoIndustriesSunELS-ImpactHavenparkRHPFlagshipMHLivingNewsEIN
Strommen Manufactured Housing Institute remark: MHI is a mouthpiece of the Big 3 – in apparent Restraint of Trade and Should Not Get NOERR protection. https://www.manufacturedhomepronews.com/masthead/true-tale-of-four-attorneys-research-into-manufactured-housing-what-they-reveal-about-why-manufactured-homes-are-underperforming-during-an-affordable-housing-crisis-facts-and-analysis/
MostDemocratsAndRepublicansSupportAntitrustLawsYouGovNov6.2023SurveyPollMonopoly-ManufacturedHomeProNewsMHProNews
https://www.manufacturedhomepronews.com/manufactured-home-employees-want-a-17-percent-pay-hike-per-yougov-most-americans-oppose-monopoliesfacts-views-potential-benefits-battling-oligopoly-style-monopolization-plus-mhville-markets/

Saving ‘Democracy in America’ Stunning Competing Claims of Threats-Present-Future; Climate-Housing-Taxes-Speech-Price Controls; Harris-Walz; RFK Jr-Shanahan; Trump-Vance; MHVille Analysis MHMarkets

PullingBackVeilOnMHI-MHV-SSKconnectedNathanSmithKurtKeeneyFlagshipCommunitiesREIT–FactCheck-AnalysisFlagshipInvestorRelationsPitchTSX-MHC.U-plusMHVilleMarketsMHProNews
https://www.manufacturedhomepronews.com/pulling-back-the-veil-on-mhi-mhv-connected-nathan-smith-kurt-keeney-and-flagship-communities-reit-fact-check-and-analysis-of-flagships-ir-pitch-tsx-mhc-u-plus-mhville-markets-u/
NathanSmithPhotoWithJoeBidenBarackObamaPhotoManufacturedHousingInstituteLogoNathanSmithFormerMHIChairmanCurrentMHI-PAC-MHIBoardMemberLogo
https://www.manufacturedhomepronews.com/flagship-communities-reit-flgmf-tsx-mhc-u-announces-latest-deal-serious-saturday-satire-nathan-smith-plus-manufactured-housing-stocks-updates/
50thAnniversaryOfEnactmentOfHUD_CodeForManufacturedHousingTtheShroudwMoreNewsThroughTheLensOfManufacturedHomesAndFactoryBuiltHousingPlusSundayWeeklyHeadlinesReviewMHProNews
https://www.manufacturedhomepronews.com/50th-anniversary-of-enactment-of-hud-code-for-manufactured-housing-the-shroud-w-more-news-through-the-lens-of-manufactured-homes-and-factory-built-housing-plus-sunday-weekly-headlines-review/
TrueLiesStatedUnstatedAndObscuredAgendasDavidFinneyBildMediaAndEx21stMortgageCorpPlusRHPPropertiesDylonOlsonFollowUpsWithSundayWeeklyMHVilleHeadlinesReviewMHProNews
https://www.manufacturedhomepronews.com/true-lies-stated-unstated-and-obscured-agendas-david-finney-bild-media-and-ex-21st-mortgage-corp-plus-rhp-properties-dylon-olson-follow-ups-with-sunday-weekly-mhville-headlines-review/
HIPSatProMarketMoatsCompetitionLawAntitrustIsKitchenTableInterviewSpeechDOJ-JonathanKanterOnAntitrustBidenWH-CompetitionBigBizManufacturedHousingplusMHMarketsMHProNews
https://www.manufacturedhomepronews.com/hips-at-promarket-moats-competition-law-antitrust-is-kitchen-table-interview-speech-dojs-jonathan-kanter-on-antitrust-biden-wh-competition-big-biz-manufactu/
OligarchsOverridingWillOfDemocraticVotersCorporateWelfareWeveBeenLiedToMoreAffordableHousingCallAs2-3rdsSayNationOnWrongTrackReportsAnalysisMHMarketsMHProNews
https://www.manufacturedhomepronews.com/oligarchs-overriding-will-of-democratic-voters-corporate-welfare-weve-been-lied-to-more-affordable-housing-call-as-2-3rds-say-nation-on-wrong-track-re/

9) Note: anyone who has been following our publication for years, and thousands upon thousands in MHVille do, and who also reads the left-right headlines in the market segment arguably has a leg up on their rivals. In a few more minutes a day, insights are gained that you literally can’t find anywhere else in MHVille trade media. We are the runaway #1 in our profession, per the known data, for good reasons.  For instance, from the CNN headlines that follow:

  • Care.com to refund $8.5M to customers for its ‘deceptive’ practices, FTC says

How many deceptive practices are being deployed in MHVille today?

MuchAppreciationValuableOftenThanklessJobYouMHProNewsDoYouHaveTrulyBecomePreeminentNewsSourceForManufacturedHousingIndustryIwishYouManyMoreYearsSuccessDarrenKrolewskiMHVdatacompLogos
Much appreciation for the valuable (and often thankless) job that you [MHProNews] do. You have truly become the preeminent news source for the manufactured housing industry, and I wish you many more years of success.” – Darren Krolewski, senior executive with Datacomp, MHVillage, MHInsider. https://www.manufacturedhomepronews.com/white-house-releases-plan-for-housing-supply-affordability-hud-fhfa-trumpet-show-spending-but-avoiding-real-solutions-compare-contrast-mhi-endorsed-mhinsider-respon/
FactsMatterCavcoIndustriesManufacturedHousingInstituteInvestorsCautionaryDataInTop30ReportsW-NARcompsForManufacturedHomeProNewsAnalysisOfJuly2024PlusMHMarketsUpdateMHProNews
https://www.manufacturedhomepronews.com/facts-matter-cavco-industries-manufactured-housing-institute-investors-cautionary-data-in-top-30-reports-w-nar-comps-for-manufactured-home-pro-news-analysis-of-july-2024-plus-mhmarkets-update/

Part III

Our Daily Business News on MHProNews stock market recap which features our business-daily at-a-glance update of over 2 dozen manufactured housing industry stocks.

NOTICE: following the TPG deal with CAPREIT, TPG has been added to our tracked stocks list below.

This segment of the Daily Business News on MHProNews is the recap of yesterday evening’s market report at the closing bell, so that investors can see-at-glance the type of topics may have influenced other investors. Our format includes our signature left (CNN Business) and right (Newsmax) ‘market moving’ headlines for a more balanced report.

The macro market moves graphics below provide context and comparisons for those invested in or tracking manufactured housing connected equities. Meaning, you can see ‘at a glance’ how manufactured housing connected firms do compared to other segments of the broader equities market.

  • In minutes a day, readers can get a good sense of significant or major events while keeping up with the trends that may be impacting manufactured housing connected investing.

 

Headlines from left-of-center CNN Business – 8.26.2024

  • Dow closes at new record high on rate cut rally: Here’s what’s next for Wall Street
  • The Federal Trade Commission said Monday that Care.com used “inflated job numbers and baseless earnings claims to lure caregivers onto its platform.” The company refutes those claims.
  • com to refund $8.5M to customers for its ‘deceptive’ practices, FTC says
  • Apple is expected to debut the first generative AI iPhone at its September 9 event
  • Telegram icon displayed on a phone screen is seen in this illustration photo taken in Krakow, Poland on September 26, 2023.
  • What to know about Telegram, the messaging app whose CEO was arrested over the weekend
  • Detention of Telegram founder sparks debate about free speech and criminal activity online
  • A Russian Elon Musk with 100 biological children: Meet Pavel Durov
  • Red Lobster is closing another 23 restaurants. Here’s where they are
  • Walmart is recalling the Great Value brand of apple juice made by Refresco and sold across the US.
  • Walmart recalls Great Value apple juice sold in 25 states due to elevated arsenic levels
  • Mortgage rates are falling. Here’s what you should know before buying a new home
  • Western airlines were excited about returning to China after Covid. But not anymore
  • Finally, America’s housing market is starting to loosen up. But it’ll be a bumpy road back
  • Americans set to spend a total of $39 billion on back-to-school shopping this year
  • A reenergized Democratic campaign surges to convention ratings win over Republicans
  • It’s never been harder to be Mister Softee
  • Seafood towers, endless Honey Deuces and $100,000 suites: How the US Open lures in high-rollers and celebrities
  • A veteran reporter was murdered outside his home. Now his newspaper is tasked with covering the alleged killer’s trial
  • Dow closes more than 450 points higher after Fed’s Powell hints rate cuts are coming
  • ‘The time has come’: The Fed just sent a crucial message about its next move
  • Canadian government forces rail lockout to end
  • Halliburton confirms a cyberattack forced it to take its systems offline
  • Starbucks is giving its new CEO Brian Niccol a private jet to commute between his California home and Seattle office
  • Real estate company helped to artificially inflate rents across America, Justice Department alleges
  • Powell just suggested interest rate cuts are coming. What everyone wants to know now

 

To see this image below in a larger size, depending on your device,
click the image and follow the prompts.

YahooFinanceLogo9ClosingStocksEquitiesBroaderMoneyMarketInvestmentIndicatorsGraphic8.26.2024MHProNews
In the business world, the rear-view mirror is always clearer than the windshield.” – Warren Buffett. That begs a key question. Why don’t more people LOOK at the rearview mirror more so they can learn more about the patterns that influence what’s ahead? Note: depending on your browser or device, many images in this report can be clicked to expand. For example, in some browsers/devices you click the image and select ‘open in a new window.’ After clicking that selection, you click the image in the open window to expand the image to a larger size. To return to this page, use your back key, escape or follow the prompts. https://www.manufacturedhomepronews.com/in-the-business-world-the-rear-view-mirror-is-always-clearer-than-the-windshield-warren-buffett-mhville-leader-showcases-efforts-to-renew-american-dream-plus-sunday-weekly/

 

Headlines from right-of-center Newsmax – 8.26.2024

  • Trump Supports Keeping Mics Hot in Debate With Harris
  • Former President Donald Trump on Monday said he is fine with unmuted microphones at his planned Sept. 10 presidential debate on ABC with Kamala Harris. [Full Story]
  • Related Stories
  • Secret Service Drops Protection for RFK, Jr.
  • Harris-Trump Debate at Impasse Over Hot Mics
  • Trump: Harris Will Not Do Fox News Debate on Sept. 4
  • Israel at War
  • Iran’s Foreign Minister Vows ‘Definitive’ Retaliation Against Israel
  • Netanyahu Son’s Miami Apartment Building Locked Down
  • Israel Intel: Hamas Leader Sinwar Hiding Among Civilians
  • Iran: Hezbollah’s Attack Shows Israel Losing Its Deterrent Power
  • Israel’s Struggling Economy Needs War to End, Economists Say
  • Graham to Israel: Threaten to ‘Blow Up’ Iran’s Refineries
  • Israel Hits Dozens of Hezbollah Targets After Missile Attack
  • Newsmax TV
  • Danielle Alvarez: RFK Endorsement Shows Broad Coalition
  • Chris Ruddy: Our Viewers Are ‘Voting With Their Remote’
  • Jamel Holley: Dems ‘Pushed’ RFK Jr. to Trump
  • Grothman: RFK Jr. Endorsement ‘Positive’ for Trump
  • Gold Star Father: Harris Doesn’t Care for Troops, Is ‘Full of Crap’
  • Border Patrol’s Del Cueto: Proud of Trump
  • Mark Morgan: Missing Migrant Children Likely Abused
  • David Stockman: ‘Rogue’ Federal Reserve ‘Must Be Reformed’
  • Morton Klein: Hezbollah Using ‘Pretext’ for Israel Bombing
  • Malliotakis: US Will Be Like Venezuela Under Harris
  • More Newsmax TV
  • Newsfront
  • Former Democrat Rep. Tulsi Gabbard Endorses Trump
  • Former Democrat Rep. Tulsi Gabbard has endorsed Donald Trump’s presidential bid, furthering her shift away from the party she sought to represent four years ago and linking herself to the GOP nominee’s critiques of Vice President Kamala Harris and the chaotic Afghanistan …… [Full Story]
  • Related Stories
  • Court Rejects Efforts to Remove Stein From Ballot
  • Trump: Musk Won’t Have Time to Serve in Cabinet
  • Elon Musk wouldn’t have time to be in Donald Trump’s cabinet due to [Full Story]
  • Texas Scrubs 1.1M Ineligible People From Voter Rolls
  • Texas has removed more than 1.1 million ineligible voters from its [Full Story]
  • Trump: ‘Why Would I Do the Debate’ Hosted by ABC?
  • The planned Sept. 10 presidential debate between Kamala Harris and [Full Story]
  • Related
  • Trump: Fine With Unmuted Microphones at Debate
  • S&P 500 Ends Lower, Weighed Down by Nvidia Dip
  • The S&P 500 finished lower on Monday, with AI heavyweight Nvidia [Full Story]
  • Secret Service Drops Protection for RFK, Jr.
  • The Secret Service stopped providing protection for Robert F. Kennedy [Full Story]
  • Court Rejects Efforts to Remove Stein From Ballot
  • Green Party presidential candidate Jill Stein will remain on the [Full Story]
  • Cruz: Harris Sides With All ‘Except’ Americans
  • Throughout her career in public office, the policies of Vice [Full Story]
  • Trump Links Harris to Afghanistan Withdrawal
  • Former President Donald Trump is expected to tie Vice President [Full Story]
  • Related
  • McMaster: Trump’s Foreign Policy Judgment ‘Clouded’
  • Congress Honors Service Members Killed at Abbey Gate
  • Ukraine’s New Weapon Targets Deep Into Russia
  • Ukraine says it has a new homegrown long-range weapon that will allow [Full Story]
  • Related
  • Russia Fired Over 100 Missiles, 100 Drones at Ukraine: Zelenskyy
  • Belarus May Attack Ukraine Soon
  • Kremlin: There Will Be a Response to Ukraine’s Kursk Attack
  • In Europe, Growing Calls for Musk to Be Arrested
  • Leftists in the United Kingdom and Europe are doubling down on [Full Story]
  • Related
  • Telegram: Arrested Founder Durov Has Nothing to Hide
  • Macron: Arrest of Messaging App CEO Not Political
  • French Authorities Arrest Telegram CEO Pavel Durov
  • Rumble CEO: Just Escaped Europe After Telegram CEO Arrest
  • Newsmax Broke Ratings Records in July
  • Newsmax’s ratings and key metrics continue to be strong with July [Full Story]
  • Related
  • Christopher Ruddy to Newsmax: Our Viewers ‘Voting With Their Remote’
  • Bruce Springsteen Denies Farewell Tour Rumors
  • Bruce Springsteen has shut down rumors of his retirement after over [Full Story]
  • WHO Launches Plan to Stop Mpox Transmission
  • The U.N. health agency on Monday launched a six-month plan to help [Full Story]
  • Food Stamp Costs Soar Under Biden-Harris
  • Inflation isn’t the only thing that has gone up during the three-plus [Full Story] | Platinum Article
  • Taiwan Bans Rapper for Calling Island Part of China
  • Taiwan has cancelled a planned Taipei concert by a Chinese rapper [Full Story]
  • Harris Pledges Housing Plan to Combat Rising US Costs
  • Democrat presidential nominee Kamala Harris is promising to build [Full Story]
  • DNC Attendees Test Positive for COVID-19
  • A number of attendees at the Democratic National Convention in [Full Story]
  • RFK Jr.: MAGA Recalls ‘Nation Brimming With Vitality’
  • Robert F. Kennedy Jr. said Sunday that the term “MAGA,” or “Make [Full Story]
  • Crandall: This Supplement Helps the Heart, Fertility, More
  • Coenzyme Q10 (CoQ10), a compound that is naturally found in the body, [Full Story]
  • Lawyer: Captain of Doomed Superyacht to Be Probed
  • Prosecutors in Italy are investigating the captain of a superyacht [Full Story]
  • Pastor: Evangelicals Can Swing Election to VP Harris
  • There are enough movable religious voters in critical battleground [Full Story]
  • FDU Poll: Harris Leads Trump by 7 Points
  • Democrat presidential nominee Kamala Harris leads Republican Donald [Full Story]
  • Sen Johnson: FBI ‘Dragging Feet’ on Trump Assassination Probe
  • The Secret Service and FBI are “basically dragging their feet” on the [Full Story]
  • Taiwan Plans $8.88 Billion for 7 New Untested Subs
  • Taiwan is reportedly pouring billions into its naval fleet with seven [Full Story]
  • Kudlow: RFK Endorsement Killed Harris Convention Bounce
  • Within a day, independent presidential candidate Robert F. Kennedy [Full Story]
  • Redheads Gather to Light up Unique Dutch Festival
  • Thousands of people gathered in the Netherlands this weekend to [Full Story]
  • Post Convention Poll: Harris, Trump in Near Dead Heat
  • Michigan remains one of the biggest battleground states of this [Full Story]
  • Stitt: Electorate Fed Up With Campaigns Being About Just ‘Winning an Argument’
  • Voters are fed up with presidential campaigns being only “about [Full Story]
  • Rare, Deadly Virus Has Mass. Towns Urging Vigilance
  • A rare but deadly disease spread by mosquitoes has one town in [Full Story]
  • Graham: Israel Should Threaten to ‘Blow Up’ Iran’s Refineries
  • Israel should threaten to “blow up” oil refineries in Iran if Hamas [Full Story]
  • More Newsfront
  • Finance
  • Oil Jumps 3% as Libya Output Cuts Further Supply Fears
  • Oil prices settled 3% higher Monday as production cuts in Libya added to supply concerns stemming from reports of escalating conflict in the Middle East…. [Full Story]
  • NOW May Be the Right Time to Move Into Senior Living
  • Apple Likely to Debut Newest iPhones at Sept. 9 Event
  • Corrupt Media are Stenographers for Dems
  • The Monopoly Man is Strangling Lady Liberty
  • More Finance
  • Health
  • New Cancer Drugs May Also Slow Alzheimer’s Disease
  • A new type of cancer drug might help treat brain diseases like Alzheimer’s, mouse studies suggest. The drugs block an enzyme called indoleamine-2,3-dioxygenase 1 (IDO1), researchers reported. IDO1 inhibitors are being developed as a treatment for cancers like melanoma… [Full Story]
  • Why Airplane Cabins Are So Cold
  • Placebos Reduce Stress, Anxiety, and Depression
  • Study Pinpoints Where Love Resides in Brain
  • An Alzheimer’s Drug May Also Slow Lewy Body Dementia

 

To see this image below in a larger size, depending on your device,
click the image and follow the prompts. For instance, you may be able
to click the image below, select ‘open image in new tab’ and then click the plus sign to expand the image
into a larger or the largest size. 

Yahoo-ManufacturedHomeCommunitiesMobileHomeParksFactoriesBuildingSuppliersFinanceStocksEquitiesClosingDataYahooFinanceLog8.26.2024MHProNews
In instances such as Apollo, Berkshire Hathaway, Blackstone or others, manufactured housing may only be part of their corporate interests. Note: depending on your browser or device, many images in this report and others on MHProNews can be clicked to expand. Click the image and follow the prompts. For example, in some browsers/devices you click the image and select ‘open in a new window.’ After clicking that selection you click the image in the open window to expand the image to a larger size. To return to this page, use your back key, escape or follow the prompts.
Notice: MHProNews invites the firms or organizations named in these reports to respond to any concerns about possibly inaccurate information via email that identifies the concern and offers evidence that sheds a different light on the topic discussed. That said, until 5.9.2024, neither MHI nor most MHI publicly traded ‘insider brands’ have done so. They’ve been repeatedly invited to do so, including but not limited to an outreach on Dec 7, 2o23 and Feb 25, 2024. In the case of that response linked above, no apparent reply was given to follow up inquires by MHProNews. 

 

 

mas kovach mhpronews shopping with soheyla .jp

Get our ‘read-hot’ industry-leading 

get our ‘read-hot’ industry-leading emailed headline news updates

Scroll to Top