Yes! Communities-21st Mortgage Corp Slammed-Attorney Pushes Class Action for Wrongful Eviction; PESP Says Major Investor in Yes! Communities Declines Firm More Money Over Evictions; plus MHMarkets

Yes!Communities21stMrtgSlamAttorneyPushesClassActionForWrongfulEvictionPrivateEquityStakeholdersProjectPESPsaysMajorInvestorYes!CommunitiesDeclinesFirmMoreMoneyOverEvictionsMHProNews

On 9.7.2024 a TikTok video was posted that referenced the legal action against Yes! Communities (posted below). That video said in part: “Listen, nine mobile home community management companies. are being sued. being cause they conspired to pretty much raise rents.” On the popular “PissedConsumer” website this was posted on 9.5.2024: “High potential for eviction. Preferred solution: Apology. User’s recommendation: Avoid any property that has been acquired by Yes Communities.” Per the Google search tool, there are 133 reviews of Yes! Communities on PissedConsumer alone which are routinely negative. Of course, Yes! Communities’ management wants to paint a different picture, see a TikTok video below from a manager Steven Gilbert plugging their training posted below. But on Justia, “Just Ask a Lawyer,” there is a post that advised an apparent victim of Yes! Communities’ eviction policies the following Q&A.

MHProNews notes that typos in the below are in the original.

Q: Fraudulent eviction, deceit, manipulates judges have documents from several tenants at yes community file class action?

We was sent eviction papers soon as lease expired we was not late on rent after they filed eviction. Failure to pay lot rent we are buying the home.renting lot sits on in yes communities worlds largest manufacturer community parks for lower income families chance to for them to take advantage steal home. And 21st mortage is also part of this scheme..we was sent someone else eviction stapled to ours when I discovered that management manipulates documents and judges we have proof documented false misleading amounts and i have corporate documents back that up then i have harassment from mortage company prior to us being served eviction papers..in years never heard from mortage company call text email so many times in a week prior to eviction the mortgage server sold back to mortage company days before we was served and started being harassed office blocked us paying at western union the day it was due feb 1 done this to other tenants failure pay false evict looking for class actionhelp

AttorneyJamesArrasmithJustiaMHProNewsFull

Lawyer Answer

James L. Arrasmith

A: It sounds like you may have a case for fraudulent eviction and other legal issues against Yes Communities and possibly 21st Mortgage. In order to file a class action lawsuit, you will need to find other tenants who have experienced similar issues and are willing to join the lawsuit. It’s important to gather as much evidence as possible, including documents and witness statements, to support your claims.

You should consult with an attorney who specializes in tenant rights and can guide you through the legal process of filing a class action lawsuit. The attorney can review your case and help you determine if you have a strong case against Yes Communities and/or 21st Mortgage. They can also advise you on the best course of action to take, whether that’s pursuing a lawsuit or negotiating a settlement.

That was on “Answered Mar 11, 2023,” and a few months later, the first of several class action antitrust lawsuits against Yes! and other manufactured home community operators accused of predatory practices were launched. Several of those firms are members of the Manufactured Housing Institute (MHI) and/or an MHI-linked state association.

 

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/

Here are the two TikTok videos mentioned above.

@mobilehomeeliteinvestors What are your thoughts? #mobilehomenews #mobilehomeparkinvesting #mobilehomepark #raiserent ♬ original sound – Mobilehomeeliteinvestors

 

@funnygilbo CM Meeting in Dallas, Texas!! Yes Communities!! #yescommunity #yescommunities #dadsoftiktok #michigan ♬ original sound – Steven Gilbert

With that backdrop, the first item that follows is from the Private Equity Stakeholder Project (PESP).

 

Part I

Pennsylvania School Employees Board Pension Rejects New Investment in Private Equity-owned Mobile Home Company

The Pennsylvania Public Schools Employees Retirement System, a $70 billion pension fund that oversees pensions for more than 500,000 working and retired teachers and other school workers, voted almost unanimously against a recommendation of investing another $25 million into one of its largest investments, the Yes Communities chain of mobile-home parks.

The Philadelphia Inquirer, September 17, 2021: The PSERS board once again rejects its staff’s investment advice

The Philadelphia Inquirer reported that PSERS had already put $600 million into the Yes Communities business, and voted against the chief investment officer’s recommendation of investing an additional $25 million or more. The chain operates 71 manufactured home communities in 22 states with more than 45,000 homes.

PSERS board member and state senator Katie Muth “grilled the mobile home company’s advocate — a money manager for Stockbridge Capital, a San Francisco real estate investment management firm — about how much the company charged residents.” Muth brought up media coverage of a disabled grandmother who was to be evicted from her Yes Communities home because she had not cut the grass or made timely repairs.

The rejected call for additional funding is a rare event, according to the Inquirer. It came after some board members complained that the Yes Communities representative had dodged basic questions.

The Private Equity Stakeholder Project’s tracking of eviction filings across several states found that Yes Communities has filed to evict at least 380 residents during the pandemic, including more than 330 filings after the CDC eviction moratorium took effect in September 2020 (although it is unclear in how many instances Yes Communities sought an exemption from the moratorium), and more than 190 filings since Congress made tens of billions of dollars in rental assistance available at the end of last year to support residents and enable them to stay in their homes.

Partial list of Yes! Communities eviction actions – March 2020-August 2021

 

Plaintiff County State Date filed Case number
YES HIDDEN OAKS LLC et al – Alachua FL 8/30/21 2021 CC 002970
YES HIDDEN OAKS LLC et al – Alachua FL 8/30/21 2021 CC 002969
YES COMPANIES FRED LLC AND YES HOMESALES LLC DBA WOODLAND ESTATES Duval FL 8/27/21 162021CC008879XXXXMA
YES PALMS OF ARCHER LLC et al – Alachua FL 8/27/21 2021 CC 002956
YES COMPANIES FRED LLC et al – Alachua FL 8/26/21 2021 CC 002933
YES WOODLAND ESTATES FL LLC D/B/A WOODLAND ESTATES Duval FL 8/24/21 162021CC008747XXXXMA
Yes Communities DBA Meadow Glen Tarrant TX 8/20/21 JP03-21-E00067846
Yes Communities DBA Meadow Glen Tarrant TX 8/20/21 JP03-21-E00067837
YES COMMUNITIES DBA MEADOW GLEN Tarrant TX 8/20/21 JP03-21-E00067841
YES COMMUNITIES DBA MEADOW GLEN Tarrant TX 8/20/21 JP03-21-E00067840
Yes Communities DBA Meadow Glen Tarrant TX 8/20/21 JP03-21-E00067839
YES COMMUNITIES DBA MEADOW GLEN Tarrant TX 8/20/21 JP03-21-E00067845
Yes Communities DBA Meadow Glen Tarrant TX 8/20/21 JP03-21-E00067838
YES PALMS OF ARCHER LLC – Alachua FL 8/19/21 2021 CC 002845
Yes Communities DBA Meadow Glen Tarrant TX 8/18/21 JP03-21-E00067822
Yes Communities DBA Meadow Glen Tarrant TX 8/17/21 JP03-21-E00067817
YES COMMUNITIES DBA MEADOW GLEN Tarrant TX 8/17/21 JP03-21-E00067811
YES COMMUNITIES DBA MEADOW GLEN Tarrant TX 8/17/21 JP03-21-E00067815
YES COMMUNITIES DBA MEADOW GLEN Tarrant TX 8/17/21 JP03-21-E00067818
YES COMMUNITIES WFC LLC D/B/A THE BREAKERS Duval FL 8/17/21 162021CC008507XXXXMA
YES COMMUNITIES WFC LLC D/B/A THE BREAKERS Duval FL 8/17/21 162021CC008509XXXXMA
YES COMMUNITIES WFC LLC D/B/A THE BRAKERS Duval FL 8/16/21 162021CC008450XXXXMA
YES COMMUNITIES WFC LLC D/B/A THE BREAKERS Duval FL 8/16/21 162021CC008415XXXXMA
YES COMMUNITIES WFC LLC DBA THE BREAKERS Duval FL 8/16/21 162021CC008313XXXXMA
YES COMPANIES FRED LLC DBA WOODLAND ESTATES Duval FL 8/3/21 162021CC007944XXXXMA
YES COMMUNITIES WFC LLC D/B/A THE BREAKERS Duval FL 8/2/21 162021CC007849XXXXMA
YES COMPANIES WFC, LLC Hillsborough FL 7/27/21 21-CC-080948
YES HOMESALES LLC DBA SLEEPY HOLLOW Tarrant TX 7/27/21 JP04-21-E00061114
YES COMMUNITIES WFC LLC D/B/A THE BREAKERS Duval FL 7/21/21 162021CC007448XXXXMA
YES COMPANIES KEY LLC Duval FL 7/21/21 162021CC007468XXXXMA
YES COMPANIES KEY LLC Duval FL 7/21/21 162021CC007464XXXXMA
YES COMMUNITIES WFC LLC Duval FL 7/20/21 162021CC007411XXXXMA
YES COMPAINES KEY LLC D/B/A CRYSTAL SPRINGS ESTATES Duval FL 7/19/21 162021CC007329XXXXMA
YES COMPANIES FRED LLC Duval FL 7/19/21 162021CC007320XXXXMA
YES COMPANIES FRED LLC D/B/A WOODLAND ESTATE Duval FL 7/19/21 162021CC007310XXXXMA
YES COMPANIES FRED LLC D/B/A WOODLAND ESTATES Duval FL 7/19/21 162021CC007303XXXXMA
YES COMPANIES FRED LLC D/B/A WOODLAND ESTATES Duval FL 7/19/21 162021CC007306XXXXMA
YES COMPANIES FRED LLC D/B/A WOODLAND ESTATES Duval FL 7/19/21 162021CC007304XXXXMA
YES COMPANIES FRED LLC D/B/A WOODLAND ESTATES Duval FL 7/19/21 162021CC007305XXXXMA
YES COMPANIES WFC, LLC Hillsborough FL 7/16/21 21-CC-078019
YES COMMUNITIES WFC LLC D/B/A THE BREAKERS Duval FL 7/15/21 162021CC007250XXXXMA
YES COMPANIES FRED LLC D/B/A WOODLAND ESTATES Duval FL 7/2/21 162021CC006695XXXXMA
YES COMPANIES FRED LLC D/B/A WOODLAND ESTATES Duval FL 7/1/21 162021CC006627XXXXMA
Yes Communities- El Lago Tarrant TX 6/25/21 JP08-21-E00104264
YES COMPANIES KEY, LLC Polk FL 6/25/21 2021CC-002945-0000-LK
YES COMPANIES FRED LLC D/B/A WOODLAND ESTATES Duval FL 6/23/21 162021CC006253XXXXMA
YES COMPANIES KEY LLC D/B/A OCEANWAY VILLAGE Duval FL 6/23/21 162021CC006257XXXXMA
YES PALMS OF ARCHER LLC Alachua FL 6/23/21 2021 CC 002074
YES COMMUNITIES WFC LLC D/B/A THE BREAKERS Duval FL 6/22/21 162021CC006207XXXXMA
YES PALMS OF ARCHER LLC Alachua FL 6/22/21 2021 CC 002075
YES COMPANIES FRED LLC Alachua FL 6/21/21 2021 CC 002040
YES COMPANIES FRED LLC Alachua FL 6/21/21 2021 CC 002038
YES COMPANIES FRED LLC Alachua FL 6/21/21 2021 CC 002042
YES COMPANIES FRED LLC Alachua FL 6/21/21 2021 CC 002037
YES COMPANIES FRED LLC D/B/A WOODLAND ESTATES Duval FL 6/21/21 162021CC006145XXXXMA
YES COMPANIES FRED LLC D/B/A WOODLAND ESTATES Duval FL 6/21/21 162021CC006147XXXXMA
YES COMPANIES FRED LLC D/B/A WOODLAND ESTATES Duval FL 6/21/21 162021CC006140XXXXMA
YES PALMS OF ARCHER LLC Alachua FL 6/21/21 2021 CC 002055
YES PALMS OF ARCHER LLC Alachua FL 6/21/21 2021 CC 002036
YES COMPANIES FRED LLC D/B/A WOODLAND ESTATES Duval FL 6/18/21 162021CC006050XXXXMA
YES MOUNTAIN GATE LLC Maricopa AZ 6/18/21 CC2021099514
YES MOUNTAIN GATE, LLC Maricopa AZ 6/18/21 CC2021099519
YES PALMS OF ARCHER LLC Alachua FL 6/18/21 2021 CC 002033
YES PALMS OF ARCHER LLC Alachua FL 6/17/21 2021 CC 002011
YES PALMS OF ARCHER LLC Alachua FL 6/17/21 2021 CC 002012
MEADOW GLEN Tarrant TX 6/15/21 JP03-21-E00067571
MEADOW GLEN Tarrant TX 6/15/21 JP03-21-E00067572
MEADOW GLEN Tarrant TX 6/15/21 JP03-21-E00067573
MEADOW GLEN Tarrant TX 6/15/21 JP03-21-E00067574
YES PALMS OF ARCHER LLC Alachua FL 6/15/21 2021 CC 001993
YES PALMS OF ARCHER LLC Alachua FL 6/15/21 2021 CC 001994
YES PALMS OF ARCHER LLC Alachua FL 6/14/21 2021 CC 001995
MEADOW GLEN Tarrant TX 6/11/21 JP03-21-E00067543
MEADOW GLEN Tarrant TX 6/11/21 JP03-21-E00067544
YES COMMUNITIES WFC LLC D/B/A THE BREAKERS Duval FL 6/9/21 162021CC005692XXXXMA
MEADOW GLEN Tarrant TX 6/7/21 JP03-21-E00067519
MEADOW GLEN Tarrant TX 6/7/21 JP03-21-E00067522
MEADOW GLEN Tarrant TX 6/7/21 JP03-21-E00067517
MEADOW GLEN Tarrant TX 6/7/21 JP03-21-E00067518
MEADOW GLEN Tarrant TX 6/7/21 JP03-21-E00067520
MEADOW GLEN Tarrant TX 6/7/21 JP03-21-E00067521
YES COMPANIES KEY LLC DBA CRYSTAL SPRINGS ESTATES Duval FL 6/7/21 162021CC005642XXXXMA
YES COMPANIES KEY, LLC Polk FL 5/28/21 2021CC-002465-0000-LK
YES MOUNTAIN GATE LLC Maricopa AZ 5/27/21 CC2021087517
YES PALMS OF ARCHER LLC Alachua FL 5/27/21 2021 CC 001813
YES COMPANIES KEY, LLC Polk FL 5/26/21 2021CC-002433-0000-LK
YES PALMS OF ARCHER LLC Alachua FL 5/20/21 2021 CC 001700
YES PALMS OF ARCHER, LLC Alachua FL 5/17/21 2021 CC 001672
YES MOUNTAIN GATE LLC Maricopa AZ 5/11/21 CC2021078068
MEADOW GLEN Tarrant TX 5/6/21 JP03-21-E00067423
MEADOW GLEN Tarrant TX 5/6/21 JP03-21-E00067424
MEADOW GLEN Tarrant TX 5/6/21 JP03-21-E00067420
MEADOW GLEN Tarrant TX 5/6/21 JP03-21-E00067422
MEADOW GLEN Tarrant TX 5/6/21 JP03-21-E00067421
YES COMMUNITIES WFC LLC D/B/A THE BREAKERS Duval FL 5/5/21 162021CC004735XXXXMA
YES COMPANIES WFC LLC D/B/A OAKS OF ATLANTIC BEACH Duval FL 5/4/21 162021CC004654XXXXMA
YES PALMS OF ARCHER LLC Alachua FL 4/21/21 2021 CC 001377
YES COMPANIES FRED LLC Alachua FL 4/20/21 2021 CC 001345
YES COMPANIES FRED LLC Alachua FL 4/20/21 2021 CC 001343
YES COMPANIES FRED LLC DBA HIDDEN OAKS Alachua FL 4/20/21 2021 CC 001361
YES COMPANIES FRED LLC Duval FL 4/19/21 162021CC004196XXXXMA
YES COMPANIES FRED LLC Duval FL 4/16/21 162021CC004149XXXXMA
YES COMMUNITES WFC LLC Duval FL 4/14/21 162021CC004086XXXXMA
YES COMPANIES FRED LLC D/B/A WOODLAND ESTATES Duval FL 4/14/21 162021CC004093XXXXMA
YES COMPANIES FRED LLC Duval FL 4/13/21 162021CC004020XXXXMA
Yes Communities Tarrant TX 4/8/21 JP07-21-E00097425
YES COMPANIES WFC LLC Maricopa AZ 3/25/21 CC2021051406
YES COMMUNITIES WFC LLC DBA THE BREAKERS Duval FL 3/24/21 162021CC003525XXXXMA
YES COMPANIES FRED LLC Duval FL 3/24/21 162021CC003524XXXXMA
YES HOME SALES DBA SLEEPY HOLLOW Tarrant TX 3/22/21 JP04-21-E00060400
YES COMMUNITIES WFC LLC DBA THE BREAKERS Duval FL 3/19/21 162021CC003317XXXXMA
YES COMMUNITIES WFC LLC DBA THE BREAKERS Duval FL 3/18/21 162021CC003245XXXXMA
YES PALMS OF ARCHER LLC Alachua FL 3/18/21 2021 CC 000963
YES PALMS OF ARCHER LLC Alachua FL 3/18/21 2021 CC 000962
YES PALMS OF ARCHER LLC Alachua FL 3/17/21 2021 CC 000954
YES PALMS OF ARCHER LLC Alachua FL 3/17/21 2021 CC 000960
YES PALMS OF ARCHER, LLC DBA THE PALMS OF ARCHER Alachua FL 3/17/21 2021 CC 000959
YES COMPANIES FRED LLC Duval FL 3/15/21 162021CC003165XXXXMA
Yes Communities Tarrant TX 3/11/21 JP07-21-E00097284
YES PALMS OF ARCHER, LLC DBA THE PALMS OF ARCHER Alachua FL 3/11/21 2021 CC 000904
CHALET CITY Tarrant TX 3/10/21 JP06-21-E00070787
CHALET CITY Tarrant TX 3/10/21 JP06-21-E00070788
CHALET CITY Tarrant TX 3/9/21 JP06-21-E00070762
CHALET CITY Tarrant TX 3/9/21 JP06-21-E00070763
YES HOMESALES LLC, DBA SLEEPY HOLLOW Tarrant TX 3/3/21 JP04-21-E00060309
YES COMPANIES EXP KEY LLC Cleveland OK 2/23/21 SC-2021-604
YES COMPANIES EXP KEY LLC Cleveland OK 2/23/21 SC-2021-603
YES COMPANIES EXP KEY LLC Cleveland OK 2/23/21 SC-2021-606
YES COMPANIES EXP KY LLC Cleveland OK 2/23/21 SC-2021-602
YES COMPANIES KEY LLC Cleveland OK 2/23/21 SC-2021-605
YES MOUNTAIN GATE LLC Maricopa AZ 2/23/21 CC2021031781
YES MOUNTAIN GATE LLC Maricopa AZ 2/23/21 CC2021031778
YES MOUNTAIN GATE LLC Maricopa AZ 2/23/21 CC2021031767
Yes Companies EXP WFC, LLC Oklahoma OK 2/22/21 SC-2021-2690
Yes Companies EXP WFC, LLC Oklahoma OK 2/22/21 SC-2021-2688
Yes Companies EXP WFC, LLC Oklahoma OK 2/22/21 SC-2021-2691
Yes Companies EXP WFC, LLC Oklahoma OK 2/22/21 SC-2021-2689
Yes Companies EXP WFC, LLC Oklahoma OK 2/22/21 SC-2021-2687
Yes Companies EXP WFC, LLC Oklahoma OK 2/22/21 SC-2021-2685
YES PALMS OF ARCHER LLC Alachua FL 2/19/21 2021 CC 000596
YES PALMS OF ARCHER, LLC DBA THE PALMS OF ARCHER Alachua FL 2/19/21 2021 CC 000594
YES PALMS OF ARCHER LLC Alachua FL 2/17/21 2021 CC 000544
Yes Companies EXP WFC, LLC Oklahoma OK 2/11/21 SC-2021-2265
YES COMPANIES KEY LLC Cleveland OK 2/9/21 SC-2021-518
YES COMPANIES KEY, LLC Polk FL 2/9/21 2021CC-000711-0000-LK
CHALET CITY Tarrant TX 2/8/21 JP06-21-E00070627
CHALET CITY Tarrant TX 2/8/21 JP06-21-E00070628
CHALET CITY Tarrant TX 2/8/21 JP06-21-E00070629
YES COMPANIES WFC LLC dba ROSEWOOD ESTATES Maricopa AZ 2/8/21 CC2021022491
YES COMPANIES KEY LLC Cleveland OK 2/4/21 SC-2021-476
YES COMPANIES KEY LLC Cleveland OK 2/2/21 SC-2021-440
Yes Companies EXP KEY, LLC Oklahoma OK 2/1/21 SC-2021-1951
Yes Companies EXP KEY, LLC Oklahoma OK 2/1/21 SC-2021-1953
Yes Companies EXP KEY, LLC Oklahoma OK 2/1/21 SC-2021-1950
Yes Companies EXP KEY, LLC Oklahoma OK 2/1/21 SC-2021-1952
Yes Companies Exp Key, LLC Oklahoma OK 2/1/21 SC-2021-1949
YES COMPANIES KEY, LLC Hillsborough FL 1/28/21 21-CC-008589
YES COMPANIES EXP KEY LLC Cleveland OK 1/26/21 SC-2021-382
Yes Communities El Lago II Tarrant TX 1/25/21 JP08-21-E00103543
YES COMPANIES EXP KEY, LLC D/B/A BURNTWOOD MOBILE HOME – OKC Cleveland OK 1/22/21 SC-2021-324
YES COMPANIES EXP KEY, LLC D/B/A BURNTWOOD MOBILE HOME-OKC Cleveland OK 1/22/21 SC-2021-323
YES COMPANIES EXP KEY LLC Canadian OK 1/21/21 SC-2021-127
YES COMPANIES EXP LLC Canadian OK 1/21/21 SC-2021-126
Yes Companies EXP WFC, LLC Oklahoma OK 1/21/21 SC-2021-1379
Yes Companies Exp WFC, Llc Oklahoma OK 1/21/21 SC-2021-1381
Yes Companies EXP WFC, LLC Oklahoma OK 1/21/21 SC-2021-1378
Yes Companies EXP WFC, LLC Oklahoma OK 1/21/21 SC-2021-1380
YES WESTLAKE LLC Canadian OK 1/21/21 SC-2021-122
YES WESTLAKE LLC Canadian OK 1/21/21 SC-2021-125
YES WESTLAKE LLC Canadian OK 1/21/21 SC-2021-121
YES WESTLAKE LLC Canadian OK 1/21/21 SC-2021-124
YES WESTLAKE LLC Canadian OK 1/21/21 SC-2021-123
YES PALMS OF ARCHER LLC Alachua FL 1/20/21 2021 CC 000209
YES PALMS OF ARCHER LLC Alachua FL 1/20/21 2021 CC 000207
YES PALMS OF ARCHER LLC Alachua FL 1/20/21 2021 CC 000210
YES PALMS OF ARCHER LLC Alachua FL 1/20/21 2021 CC 000211
YES PALMS OF ARCHER LLC Alachua FL 1/20/21 2021 CC 000208
Yes Communities Tarrant TX 1/15/21 JP07-21-E00097069
Yes Companies EXP Fred, LLC Oklahoma OK 1/15/21 SC-2021-802
Yes Companies EXP Fred, LLC Oklahoma OK 1/15/21 SC-2021-801
Yes Companies EXP Fred, LLC Oklahoma OK 1/15/21 SC-2021-803
Yes Companies EXP Fred, LLC Oklahoma OK 1/15/21 SC-2021-804
Yes Companies EXP Fred, LLC Oklahoma OK 1/15/21 SC-2021-798
Yes Companies EXP Fred, LLC Oklahoma OK 1/15/21 SC-2021-799
Yes Companies EXP Fred, LLC Oklahoma OK 1/15/21 SC-2021-807
Yes Companies EXP Fred, LLC Oklahoma OK 1/15/21 SC-2021-800
Yes Companies Exp Fred, LLC Oklahoma OK 1/15/21 SC-2021-795
Yes Companies EXP Fred, LLC Oklahoma OK 1/15/21 SC-2021-806
CHALET CITY Tarrant TX 1/14/21 JP06-21-E00070511
Yes Companies EXP Key, LLC Oklahoma OK 1/14/21 SC-2021-681
Yes Companies EXP Key, LLC Oklahoma OK 1/14/21 SC-2021-682
Yes Companies EXP Key, LLC Oklahoma OK 1/14/21 SC-2021-680
YES PALMS OF ARCHER LLC Alachua FL 1/14/21 2021 CC 000139
YES PALMS OF ARCHER LLC Alachua FL 1/14/21 2021 CC 000138
Yes Companies Wfc Llc Oklahoma OK 1/11/21 SC-2021-251
Yes Companies EXP Key, LLC Oklahoma OK 12/30/20 SC-2020-15555
YES COMPANIES KEY, LLC Polk FL 12/30/20 2020CC-005217-0000-LK
Yes Companies Exp Key LLC Oklahoma OK 12/29/20 SC-2020-12827
Yes Companies Exp LLC Oklahoma OK 12/29/20 SC-2020-14649
YES HOME SALES DBA, SLEEPY HOLLOW Tarrant TX 12/21/20 JP04-20-E00060022
YES COMPANIES EXP KEY LLC Canadian OK 12/18/20 SC-2020-1335
YES COMPANIES EXP KEY LLC Canadian OK 12/18/20 SC-2020-1334
YES COMPANIES EXP KEY LLC Canadian OK 12/18/20 SC-2020-1336
YES WESTLAKE LLC Canadian OK 12/18/20 SC-2020-1337
MOUNTAIN GATE MOBILE HOME PARK Maricopa AZ 12/17/20 CC2020183591
Yes Companies EXP WFC, LLC Oklahoma OK 12/17/20 SC-2020-16230
Yes Companies EXP WFC, LLC Oklahoma OK 12/17/20 SC-2020-14206
Yes Companies EXP WFC, LLC Oklahoma OK 12/17/20 SC-2020-14759
Yes Communities Tarrant TX 12/16/20 JP07-20-E00096935
YES COMPANIES EXP KEY LLC Cleveland OK 12/16/20 SC-2020-3930
YES COMPANIES EXP KEY LLC Cleveland OK 12/16/20 SC-2020-3932
YES COMPANIES EXP KEY LLC Cleveland OK 12/16/20 SC-2020-3931
Yes Companies WFC LLC Oklahoma OK 12/16/20 SC-2020-12460
Yes Companies WFC LLC Oklahoma OK 12/16/20 SC-2020-15554
Yes Companies Wfc Llc Oklahoma OK 12/16/20 SC-2020-17573
Yes Companies Exp Fred LLC Oklahoma OK 12/15/20 SC-2020-15739
Yes Companies Exp Fred LLC Oklahoma OK 12/15/20 SC-2020-15742
Yes Companies Exp Fred LLC Oklahoma OK 12/15/20 SC-2020-17533
Yes Companies Exp Fred LLC Oklahoma OK 12/15/20 SC-2020-17531
YES COMPANIES FRED LLC Alachua FL 12/15/20 2020 CC 003589
Yes Companies EXP Key, LLC Oklahoma OK 12/8/20 SC-2020-14645
YES COMPANIES WFC LLC Maricopa AZ 12/4/20 CC2020175390
YES COMPANIES EXP KEY LLC Cleveland OK 12/2/20 SC-2020-3723
YES COMPANIES WFC LLC Maricopa AZ 11/30/20 CC2020172522
YES WESTLAKE LLC Canadian OK 11/24/20 SC-2020-1205
YES WESTLAKE LLC Canadian OK 11/24/20 SC-2020-1204
YES WESTLAKE LLC Canadian OK 11/24/20 SC-2020-1206
MOUNTAIN GATE MOBILE HOME PARK Maricopa AZ 11/23/20 CC2020169332
Yes Companies Exp WFC LLC Oklahoma OK 11/23/20 SC-2020-11449
Yes Companies Exp WFC LLC Oklahoma OK 11/23/20 SC-2020-18368
Yes Companies Exp WFC LLC Oklahoma OK 11/23/20 SC-2020-16233
Yes Companies Exp WFC LLC Oklahoma OK 11/23/20 SC-2020-16232
Yes Companies Exp WFC LLC Oklahoma OK 11/23/20 SC-2020-16231
YES COMPANIES FRED LLC Alachua FL 11/23/20 2020 CC 003317
YES PALMS OF ARCHER LLC Alachua FL 11/23/20 2020 CC 003318
YES COMPANIES EXP KEY LLC Canadian OK 11/19/20 SC-2020-1174
YES COMPANIES EXP KEY LLC Cleveland OK 11/19/20 SC-2020-3611
Yes Companies EXP Key, LLC Oklahoma OK 11/18/20 SC-2020-14648
Yes Companies EXP Key, LLC Oklahoma OK 11/18/20 SC-2020-11452
YES WESTLAKE LLC Canadian OK 11/18/20 SC-2020-1154
Yes Companies EXP Fed LLC Oklahoma OK 11/17/20 SC-2020-13021
Yes Companies EXP Fed LLC Oklahoma OK 11/17/20 SC-2020-16411
Yes Companies EXP Fed LLC Oklahoma OK 11/17/20 SC-2020-15741
Yes Companies EXP Fed LLC Oklahoma OK 11/17/20 SC-2020-15737
Yes Companies EXP Fed LLC Oklahoma OK 11/17/20 SC-2020-15740
Yes Companies EXP Fed LLC Oklahoma OK 11/17/20 SC-2020-15736
Yes Companies EXP Fed LLC Oklahoma OK 11/17/20 SC-2020-15738
YES COMPANIES EXP KEY LLC Cleveland OK 11/17/20 SC-2020-3525
YES COMPANIES EXP KEY LLC Cleveland OK 11/17/20 SC-2020-3524
YEX COMPANIES EXP KEY LLC Cleveland OK 11/17/20 SC-2020-3526
Yes Companies Exp Key LLC Oklahoma OK 11/16/20 SC-2020-12829
Yes Companies Exp Key LLC Oklahoma OK 11/16/20 SC-2020-15556
Yes Companies EXP KEY, LLC Oklahoma OK 11/16/20 SC-2020-15978
Yes Companies EXP KEY, LLC Oklahoma OK 11/16/20 SC-2020-14647
Yes Companies LLC Oklahoma OK 11/16/20 SC-2020-17779
Yes Communities Tarrant TX 11/9/20 JP07-20-E00096758
YES COMPANIES EXP KEY LLC Cleveland OK 11/2/20 SC-2020-3310
YES COMPANIES KEY LLC Cleveland OK 11/2/20 SC-2020-3311
Yes Companies EXP WFC, LLC Oklahoma OK 10/29/20 SC-2020-17777
Yes Communities El Lago I Tarrant TX 10/27/20 JP08-20-E00103022
YES COMPANIES FRED LLC Alachua FL 10/27/20 2020 CC 002928
MOUNTAIN GATE MOBILE HOME PARK % YES COMPANIES FRED LLC Maricopa AZ 10/26/20 CC2020153138
YES COMPANIES EXP KEY LLC Cleveland OK 10/26/20 SC-2020-3294
Yes Companies Exp Key, LLC Oklahoma OK 10/22/20 SC-2020-18369
Yes Companies Exp Key, LLC Oklahoma OK 10/22/20 SC-2020-18441
Yes Companies Exp Key, LLC Oklahoma OK 10/22/20 SC-2020-15620
Yes Companies Exp Key, LLC Oklahoma OK 10/22/20 SC-2020-15621
Yes Companies Exp Key, LLC Oklahoma OK 10/22/20 SC-2020-11451
YES COMMUNITIES EXP LLC Canadian OK 10/21/20 SC-2020-1060
YES COMMUNITIES EXP LLC Canadian OK 10/21/20 SC-2020-1059
Yes Companies EXP WFC, LLC Oklahoma OK 10/21/20 SC-2020-12458
YES COMPANIES LLC Canadian OK 10/21/20 SC-2020-1058
Yes Companies WFC, LLC Oklahoma OK 10/21/20 SC-2020-17570
Yes Companies WFC, LLC Oklahoma OK 10/21/20 SC-2020-12347
MOUNTAIN GATE Maricopa AZ 10/20/20 CC2020150197
MOUNTAIN GATE MOBILE HOME PARK Maricopa AZ 10/20/20 CC2020150199
MOUNTAIN GATE MOBILE HOME PARK % YES COMPANIES FRED LLC Maricopa AZ 10/20/20 CC2020150190
MOUNTAIN GATE MOBILE HOME PARK C/O YES COMPANIES FRED LLC Maricopa AZ 10/20/20 CC2020150192
MOUNTAIN GATE MOBILE PARK % YES COMPANIES FRED LLC Maricopa AZ 10/20/20 CC2020150193
YES COMPANIES EXP KEY LLC Cleveland OK 10/19/20 SC-2020-3180
YES COMPANIES EXP KEY LLC Cleveland OK 10/19/20 SC-2020-3179
Yes Companies EXP WFC, LLC Oklahoma OK 10/19/20 SC-2020-12461
Yes Companies EXP WFC, LLC Oklahoma OK 10/19/20 SC-2020-14205
Yes Companies EXP WFC, LLC Oklahoma OK 10/19/20 SC-2020-14554
Yes Companies WFC, LLC Oklahoma OK 10/19/20 SC-2020-14555
YES COMPANIES WFC LLC Maricopa AZ 10/15/20 CC2020148004
YES COMPANIES WFC LLC Maricopa AZ 10/14/20 CC2020147124
Yes Companies EXP Fred, LLC Oklahoma OK 10/13/20 SC-2020-17532
Yes Companies EXP Fred, LLC Oklahoma OK 10/13/20 SC-2020-12832
Yes Companies EXP Fred, LLC Oklahoma OK 10/13/20 SC-2020-12824
Yes Companies EXP Fred, LLC Oklahoma OK 10/13/20 SC-2020-13869
Yes Companies EXP Fred, LLC Oklahoma OK 10/13/20 SC-2020-12814
Yes Companies EXP Fred, LLC Oklahoma OK 10/13/20 SC-2020-13880
Yes Companies EXP Fred, LLC Oklahoma OK 10/13/20 SC-2020-12818
Yes Companies EXP Fred, LLC Oklahoma OK 10/13/20 SC-2020-12816
Yes Companies EXP Fred, LLC Oklahoma OK 10/13/20 SC-2020-13874
Yes Companies EXP Fred, LLC Oklahoma OK 10/13/20 SC-2020-13872
Yes Companies EXP Fred, LLC Oklahoma OK 10/13/20 SC-2020-12828
YES COMPANIES KEY LLC Cleveland OK 10/8/20 SC-2020-3042
Yes Companies Exp Fred, LLC Oklahoma OK 9/23/20 SC-2020-17534
Yes Companies Exp Fred, LLC Oklahoma OK 9/23/20 SC-2020-12823
Yes Companies Exp Fred, LLC Oklahoma OK 9/23/20 SC-2020-13881
Yes Companies Exp Fred, LLC Oklahoma OK 9/23/20 SC-2020-12834
Yes Companies Exp Fred, LLC Oklahoma OK 9/23/20 SC-2020-12830
Yes Companies Exp Fred, LLC Oklahoma OK 9/23/20 SC-2020-13877
Yes Companies Exp Fred, LLC Oklahoma OK 9/23/20 SC-2020-13878
Yes Companies Exp Fred, LLC Oklahoma OK 9/23/20 SC-2020-13870
Yes Companies Exp Fred, LLC Oklahoma OK 9/23/20 SC-2020-13879
Yes Companies Exp Fred, LLC Oklahoma OK 9/23/20 SC-2020-12819
Yes Companies Exp Fred, LLC Oklahoma OK 9/23/20 SC-2020-13876
Yes Companies Exp Fred, LLC Oklahoma OK 9/23/20 SC-2020-12821
Yes Companies Exp Fred, LLC Oklahoma OK 9/23/20 SC-2020-13875
MOUNTAIN GATE MOBILE HOME PAK % YES COMPANIES REED LLC Maricopa AZ 9/22/20 CC2020135510
Yes Communities El Lago I Tarrant TX 9/22/20 JP08-20-E00102829
YES COMPANIES EXP KEY LLC Cleveland OK 9/22/20 SC-2020-2843
CHALET CITY Tarrant TX 9/21/20 JP06-20-E00069901
Yes Communities DBA Meadow Glen Tarrant TX 9/21/20 JP04-20-E00059524
YES COMPANIES EXP KEY LLC Canadian OK 9/21/20 SC-2020-937
YES COMPANIES FRED LLC – Alachua FL 9/21/20 2020 CC 002468
YES COMPANIES FRED, LLC D/B/A WOODLAND ESTATES Duval FL 9/21/20 16-2020-CC-007177-XXXX-MA
Yes Companies EXP WFC, LLC Oklahoma OK 9/18/20 SC-2020-16209
Yes Companies EXP WFC, LLC Oklahoma OK 9/18/20 SC-2020-12459
Yes Companies EXP WFC, LLC Oklahoma OK 9/18/20 SC-2020-11658
Yes Companies EXP WFC, LLC Oklahoma OK 9/18/20 SC-2020-12462
Yes Companies EXP WFC, LLC Oklahoma OK 9/18/20 SC-2020-14207
YES COMPANIES EXP KEY LLC Cleveland OK 9/17/20 SC-2020-2740
YES COMPANIES EXP KEY LLC Cleveland OK 9/17/20 SC-2020-2739
Yes Companies WFC, LLC Oklahoma OK 9/17/20 SC-2020-17572
YES PALMS OF ARCHER LLC -vs- Alachua FL 9/17/20 2020 CC 002430
Yes Communities Tarrant TX 9/16/20 JP07-20-E00096548
YES COMPANIES KEY, LLC D/B/A CRYSTAL SPRINGS ESTATES Duval FL 9/16/20 16-2020-CC-007073-XXXX-MA
MOUNTAIN GATE MOBILE HOME PARK Maricopa AZ 9/15/20 CC2020132120
YES COMPANIES WFC, LLC DBA CHAFFEE PINES Duval FL 9/15/20 16-2020-CC-007018-XXXX-MA
YES PALMS OF ARCHER LLC -vs- Alachua FL 9/15/20 2020 CC 002411
MOUNTAIN GATE MOBILE HOMES PARK % YES COMPANIES FRED Maricopa AZ 9/10/20 CC2020129953
MOUNTAIN GATE MOBILE HOMES PARK % YES COMPANIES FRED Maricopa AZ 9/10/20 CC2020129955
MOUNTAIN GATE MOBILE HOMES PARK % YES COMPANIES FRED Maricopa AZ 9/10/20 CC2020129947
CHALET CITY Tarrant TX 9/8/20 JP06-20-E00069851
MOUNTAIN GATE MOBILE HOME PARK C/O YES COMPANIES FRED, LLC Maricopa AZ 9/3/20 CC2020126759
Yes Companies EXP WFC, LLC Oklahoma OK 9/3/20 SC-2020-17776
YES WESTLAKE LLC Canadian OK 9/2/20 SC-2020-855
MOUNTAIN GATE MOBILE HOME PARK % YES COMPANIES FRED LLC Maricopa AZ 9/1/20 CC2020125282
Yes Companies Exp Key, LLC Oklahoma OK 9/1/20 SC-2020-17003
Yes Companies Exp Key, LLC Oklahoma OK 9/1/20 SC-2020-11450
Yes Companies Exp Key, LLC Oklahoma OK 9/1/20 SC-2020-11448
Yes Companies Exp Key, LLC Oklahoma OK 9/1/20 SC-2020-15979
Yes Companies Exp Key, LLC Oklahoma OK 9/1/20 SC-2020-14646
YES COMPANIES FRED, LLC D/B/A WOODLAND ESTATES Duval FL 9/1/20 16-2020-CC-006509-XXXX-MA
YES COMPANIES WFC LLC Maricopa AZ 9/1/20 CC2020125357
Yes – Summit Oaks Tarrant TX 8/28/20 JP01-20-E00092365
YES COMPANIES WFC, LLC D/B/A OAKS OF ATLANTIC BEACH Duval FL 8/27/20 16-2020-CC-006349-XXXX-MA
YES COMPANIES WFC, LLC D/B/A OAKS OF ATLANTIC BEACH Duval FL 8/27/20 16-2020-CC-006362-XXXX-MA
YES COMPANIES KEY, LLC D/B/A OCEANWAY VILLAGE Duval FL 8/25/20 16-2020-CC-006177-XXXX-MA
YES COMPANIES KEY, LLC D/B/A OCEANWAY VILLAGE Duval FL 8/25/20 16-2020-CC-006175-XXXX-MA
MOUNTAIN GATE MOBILE HOME PARK % YES COMPANIES FRED LLC Maricopa AZ 8/7/20 CC2020114078
YES COMMUNITIES WFC, LLC Duval FL 8/4/20 16-2020-CC-005393-XXXX-MA
YES COMPANIES EXP WFC, LLC DBA WESTMOOR Oklahoma OK 5/28/20 SC-2020-6991
MOUNTAIN GATE MOBILE HOME PARK Maricopa AZ 5/22/20 CC2020084124
mountain gate mobile home park c/o compnaies fred llc Maricopa AZ 5/21/20 CC2020083345
MOUNTAIN GATE MOBILE HOME PARK c/o YES COMPANIES FRED LLC Maricopa AZ 5/20/20 CC2020082604
YES COMPANIES KEY, LLC D/B/A CRYSTAL SPRINGS ESTATE Duval FL 3/24/20 16-2020-CC-003707-XXXX-MA
YES COMPANIES WFC, LLC D/B/A OAKS OF ATLANTIC BEACH Duval FL 3/24/20 16-2020-CC-003709-XXXX-MA
Yes Companies LLC Maricopa AZ 3/20/20 CC2020057456
Yes Companies LLC Maricopa AZ 3/20/20 CC2020057454
Yes Companies LLC Maricopa AZ 3/20/20 CC2020057470
Yes Companies LLC Maricopa AZ 3/20/20 CC2020057449
Yes Companies LLC Maricopa AZ 3/20/20 CC2020057464
YES COMPANIES WFC, LLC D/B/A OAKS OF ATLANTIC BEACH Duval FL 3/20/20 16-2020-CC-003691-XXXX-MA
YES COMPANIES EXP KEY LLC Canadian OK 3/19/20 SC-2020-491
YES COMPANIES EXP KEY LLC Canadian OK 3/19/20 SC-2020-492
YES COMPANIES EXP KEY LLC Canadian OK 3/19/20 SC-2020-490
YES COMPANIES EXP KEY LLC Canadian OK 3/19/20 SC-2020-489
YES WESTLAKE LLC Canadian OK 3/19/20 SC-2020-494
YES WESTLAKE LLC Canadian OK 3/19/20 SC-2020-496
YES WESTLAKE LLC Canadian OK 3/19/20 SC-2020-493
YES WESTLAKE LLC Canadian OK 3/19/20 SC-2020-497
YES WESTLAKE LLC Canadian OK 3/19/20 SC-2020-495
YES WESTLAKE LLC Canadian OK 3/19/20 SC-2020-498
YES COMMUNITIES WFC, LLC D/B/A THE BREAKERS Duval FL 3/18/20 16-2020-CC-003654-XXXX-MA
YES COMMUNITIES WFC, LLC D/B/A THE BREAKERS Duval FL 3/16/20 16-2020-CC-003630-XXXX-MA
YES COMPANIES EX P KEY LLC Cleveland OK 3/16/20 SC-2020-1509
YES COMPANIES EXP KEY LLC Cleveland OK 3/16/20 SC-2020-1511
YES COMPANIES EXP KEY LLC Cleveland OK 3/16/20 SC-2020-1510
YES COMPANIES EXP KEY LLC Cleveland OK 3/16/20 SC-2020-1512
YES COMPANIES KEY LLC Cleveland OK 3/16/20 SC-2020-1507
YES COMPANIES WFC, LLC D/B/A OAKS OF ATLANTIC BEACH Duval FL 3/16/20 16-2020-CC-003510-XXXX-MA

 

Part II Also per the PESP

In the News: Manufactured Housing Investors Yes! Communities and Inspire Communities Seize on “Captive Market”

August 18, 2022

Private equity-owned companies Yes! Communities and Inspire Communities have been in the news recently for their activity in the manufactured housing sector.

Manufactured housing, also known as “mobile homes”, represents “the largest sector of non-subsidized affordable housing in the United States.”[1]  Comprising about 10 percent of the nation’s housing stock, manufactured housing communities are home to 22 million Americans.[2]

Manufactured housing is one of the last forms of housing available to economically marginalized communities. Households living in manufactured housing have a median income of just under $30,000 per year.[3]

previous report by PESP, Manufactured Housing Action, and Americans for Financial Reform revealed that private equity and other institutional investors are rapidly increasing their reach in the manufactured housing (MH) sector.[4]

According to researchers at the Lincoln Institute of Land Policy, parks containing about a fifth of mobile home lots nationwide have been purchased by institutional investors over the past eight years.[5]

Private equity’s expansion into manufactured housing spells trouble for residents. In this “captive market”, many residents own the home structure itself, but still pay rent for the land their homes sit on. When that lot rent increases, many tenants, especially those on fixed incomes, are unable to weather the cost.[6]

Furthermore, so-called mobile homes are not actually very mobile. Most often, “the structures cannot withstand the move, the costs of moving them are unaffordable, and finding a new spot is untenable.”[7] Private equity and other investors prey on this vulnerability to ensure steady revenues, squeezing fast profits out of low-income families and seniors.[8]

In addition to rising rents, tenants also can be subject to increased fees, maintenance issues, and additional rules that regulate day to day matters like street parking and clotheslines.[9]

ABC’s WCJB20: Residents upset with Yes! Communities property management

With more than 280 properties under management, YES! Communities claims to “create communities that [their] residents are proud to call home.”[10]

Yet earlier this month, Yes! Communities tenants at Hidden Oaks in Gainesville, Florida reached out to the media after they said Yes! failed to address housing quality issues including mold and cockroaches.[11]

Many tenants of Hidden Oaks appear to follow a more standard rental arrangement in which Yes! owns both the mobile home structure as well as the surrounding land.

One Hidden Oaks tenant of seven years reported that Yes! failed to renew his lease, instead pushing him to purchase his home despite it being infested with mold. Another tenant stated that after Yes! failed to remove derelict trailers, the community saw an uptick in trespassing and elicit activity.

What’s more, reporters from WCJB showed that many homes’ inspection stickers were expired.[12]

The story of Hidden Oaks reflects a common pattern of maintenance neglect in properties owned by private equity and other corporate interests. As firms seek to maximize revenue by cutting upkeep costs, tenants are left hanging.[13]

Yes! Communities has already experienced pushback for this management style. In October of 2021, Pennsylvania School Employees Board Pension unanimously rejected an opportunity to invest further in Yes! Communities after a board member grilled a company representative over Yes’s treatment of tenants.[14]

Inspire Communities expands Texas manufactured housing footprint

While some manufactured home communities are experiencing maintenance neglect, others are being upgraded with a bounty of amenities. But these upgrades are not planned with the typical manufactured housing resident in mind.

Inspire Communities made headlines this week when it announced “upscale” developments at two mobile home parks in Texas. Oceanway, an existing community in Beach City, TX, received new buildings, paved roads, Victorian-style street lamps, a park, and a 650-foot pier among other amenities[15]. A second community, a brand new “affordable luxury” community called Rockrose Ranch, is slated to offer pickleball courts, pools, and dog parks ready for its first tenants this fall.[16]

It appears that investors are taking advantage of a skyrocketing housing market in Texas, where the average home price is fast approaching half a million dollars.[17] Fewer people than before can afford traditional homeownership[18], making the “luxury mobile home” market an opportune new income stream.

The rising cost of single family homeownership itself can be attributed in part to the activity of private equity firms and similar institutional investors. According to the Harvard Joint Center for Housing Studies, corporate investors bought roughly 28% of single family homes on the market during Q1 of 2022.[19] In many parts of Texas, investor demand is even more outsized. The Dallas Observer found that in Tarrant and Dallas counties, about half of homes sold in 2021 went to institutional investors.[20]

“There’s a tremendous demand for affordable housing in the area. [Rockrose Ranch] and others like it, provides [sic] buyers with the opportunity for affordable home ownership in a highly-amenitized setting,” said Inspire’s senior vice president of sales and marketing to the Houston Chronicle.[21]

However, owning a manufactured home doesn’t offer as many benefits as traditional homeownership.

For one, manufactured housing is a poor way to build equity. Mobile homes are prone to structural degradation over time, leading them to depreciate in value as well. Furthermore, it can be difficult to secure a mortgage for manufactured housing at all, sometimes forcing residents into chattel mortgages with shorter terms and higher rates.[22]

And even with a new manufactured home secured, residents could still be vulnerable to increasing lot rents, fees, and additional lease terms if landlords decide to change these over time.

As homeownership becomes an increasingly distant goal for middle and working class people, many may see manufactured housing as the best viable option despite its economic caveats. Industry leaders typically discuss this shift in terms of choice, however, there is a clear economic downside for these potential new tenants.

Even more importantly, very low income people who have long lived in manufactured housing are now facing increased competition in securing a home. As the gentrification of manufactured housing sets in, it’s unclear where the millions of people who rely on it as the last affordable form of shelter will go. Construction is expanding, but increased supply isn’t always a straight path to lower rents.[23]

Very low income people deserve homes that are safe, affordable, and even beautiful. Instead, these residents are being used as a source for wealth extraction.

Solutions

Private equity and other investors’ expansion into the manufactured housing market is troubling. However, there are a number of policies that could improve tenant outcomes.

In Michigan, the state House of Representatives recently passed regulations on manufactured housing that would mandate that tenants be offered 1 year leases. Crucially, the law would also create a database of mobile home park owners and require landlords to obtain licenses. Those with “a history of unjustifiable rent increases” could be denied licensing. Though this initiative is currently stalled in the senate due to industry pressure, legislation of this sort could go a long way in protecting some of the country’s most vulnerable renters.[24]

Other states have considered placing blanket rental increase caps on all manufactured housing. Delaware passed one such law this year, but efforts in other states have so far failed.[25]

There are also policy solutions at the federal level. The Federal Housing Administration (FHA) could begin to provide funding for mobile home ownership so that residents wouldn’t be subject to treacherous mortgage agreements. Likewise, the Department of Housing and Urban Development should work to let tenants use Section 8 vouchers for manufactured housing.[26]

Fannie Mae and Freddie Mac, the federally backed home mortgage companies that often finance manufactured housing real estate acquisitions, also have some degree of leeway in requiring their borrowers to follow loan terms that protect tenants.[27]

In addition to policy changes, direct action from tenants is a promising source of hope. Recently, tenants at Ridgeview Homes in Lockport, NY joined together to launch a rent strike in response to unaffordable rent increases in their park.[28] Other tenants like those at Hidden Oaks in Florida have reached out to the media for support. As private equity encroaches on America’s supply of affordable housing, tenant allies must work to support the demands of those most directly affected by investor encroachment into manufactured housing.

[1] https://time.com/longform/affordable-housing-mobile-homes/

[2]  https://mhaction.org/wp-content/uploads/2019/02/PrivateEquityGiantsFinal.pdf

[3] https://www.manufacturedhousing.org/affordablehousing/

[4] https://mhaction.org/wp-content/uploads/2019/02/PrivateEquityGiantsFinal.pdf

[5] https://www.beaumontenterprise.com/news/article/Rents-spike-as-big-pocketed-investors-buy-mobile-17326886.php

[6]  https://mhaction.org/wp-content/uploads/2019/02/PrivateEquityGiantsFinal.pdf

[7] https://mhaction.org/wp-content/uploads/2019/02/PrivateEquityGiantsFinal.pdf

[8]  https://mhaction.org/wp-content/uploads/2019/02/PrivateEquityGiantsFinal.pdf

[9] https://www.newyorker.com/magazine/2021/03/15/what-happens-when-investment-firms-acquire-trailer-parks

[10] https://www.yescommunities.com/

[11] https://www.wcjb.com/video/2022/07/16/tenants-complain-about-yes-communities-properties-living-conditions/

[12] https://www.wcjb.com/video/2022/07/16/tenants-complain-about-yes-communities-properties-living-conditions/

[13] https://www.propublica.org/article/when-private-equity-becomes-your-landlord

[14] https://www.inquirer.com/business/psers-fund-pension-investments-teachers-rebels-dissidents-profits-yes-communities-20210917.html

[15] https://www.houstonchronicle.com/business/real-estate/article/Developer-launches-700-unit-new-manufactured-home-17303639.php

[16] https://therealdeal.com/texas/2022/07/13/inspire-communities-bets-on-houstons-mobile-home-market/

[17] https://therealdeal.com/texas/2022/07/13/inspire-communities-bets-on-houstons-mobile-home-market/

[18] https://www.npr.org/2022/07/30/1114488555/new-fed-interest-rate-housing-market-homebuyers-recession-economy

[19] https://fortune.com/2022/06/26/housing-market-and-home-price-boom-made-bigger-by-investors-and-wall-street/

[20] https://www.dallasobserver.com/news/how-are-institutional-investors-affecting-the-housing-market-congress-is-investigating-14331313

[21] https://www.houstonchronicle.com/business/real-estate/article/Developer-launches-700-unit-new-manufactured-home-17303639.php

[22] https://www.newyorker.com/magazine/2021/03/15/what-happens-when-investment-firms-acquire-trailer-parks

[23] https://www.tonydamiano.com/project/new-con/supply-ppt.pdf

[24] https://www.mlive.com/public-interest/2022/07/michigan-mobile-home-park-residents-feel-stuck-as-rents-climb.html

[25] https://www.beaumontenterprise.com/news/article/Rents-spike-as-big-pocketed-investors-buy-mobile-17326886.php

[26] https://www.beaumontenterprise.com/news/article/Rents-spike-as-big-pocketed-investors-buy-mobile-17326886.php

[27] https://www.beaumontenterprise.com/news/article/Rents-spike-as-big-pocketed-investors-buy-mobile-17326886.php

[28] https://www.beaumontenterprise.com/news/article/Rents-spike-as-big-pocketed-investors-buy-mobile-17326886.php?

 

Part III – Primarily, According to the: “Corridor Business Journal – Web Exclusive: Frank Rolfe says he’s saving mobile home parks. Critics disagree.”  Rolfe on Evictions and More

According to the footer of the Corridor Business Journal they offer their readers: “Critical business news, thoughtful analysis and valuable strategic insights for business leaders in the growing Cedar Rapids / Iowa City Corridor.”  From an article by Noah Tong, the Corridor Business Journal (CBJ) that has the following subheading: “The Mobile Home University founder insists mobile homes are less in danger of going extinct thanks to his business model,” are the following items.

“Basically, nobody can ever move their home out of your park, and occupancy is always high,” says Frank Rolfe…“Mobile home parks equal money.”

Per Tong and the CBJ: “Today, the MHU brand offers $2,000 courses, on-site boot camps, podcasts, books, articles and more on how to generate a profit by running mobile home parks.” That was 2022.

Tong also wrote that: “Critics of the university point to a series of controversial quotes — he once told Bloomberg that living in one of his communities is like being in “a Waffle House where the customers are chained to the booth,” for example — as proof Mr. Rolfe willingly profits off and accelerates the residents’ discomfort. However, he disputes the meaning behind these quotes, saying they are cherry-picked and result from speaking publicly for 20 years.” That might have more correctly said left-leaning The New York Times than left-leaning Bloomberg, because the NYTimes reported the “Waffle House” claim by Rolfe the month prior (3.13.2014) to Bloomberg’s (4.10.2014) reference, but several publications have cited that notorious quote or a close paraphrase of it since then. For instance, in 2023 the leftist Jacobin used it in an article entitled: “Wall Street Is Holding a Gun to Mobile Home Residents’ Heads.”

That same quote by Rolfe is also in the case pleadings in the Munns class action lawsuit, Case Number 1:23-cv-16450, which is styled as follows.

ANDREA M. MUNS individually and on behalf
of all others similarly situated,
Plaintiff,

vs.

DATACOMP APPRAISAL SYSTEMS, INC.;
EQUITY LIFESTYLE PROPERTIES, INC.;
HOMETOWN AMERICA MANAGEMENT,
L.L.C.; LAKESHORE COMMUNITIES,
INC.; SUN COMMUNITIES, INC.; RHP
PROPERTIES, INC.; YES! COMMUNITIES,
INC.; INSPIRE COMMUNITIES, L.L.C.;
KINGSLEY MANAGEMENT, CORP.; and
CAL-AM PROPERTIES, INC.,
Defendants.

The notorious Rolfe quote is in #58 of those pleadings, linked here. That said in part: “Indeed, manufactured home investor Frank Ralfe stated that owning and operating a manufactured home community was “like owning a waffle house with your customers chained to the booth.”

Now, back to Tong and CBJ’s narrative of its interview with Rolfe.

QuoteMarksLeftSideLarge, out-of-state corporations have come under fire in recent years for buying MHPs in Iowa. Havenpark Communities has bought at least half a dozen communities in the Corridor since 2019.

In a wide-ranging interview with the CBJ, the real estate tycoon, often credited with helping popularize the MHP trend that impacts many Iowans, explained his business practices in the manufactured housing industry.

On his responsibility as owner

Since unsuspecting residents cannot foresee when a random corporation will buy a park and hike rents, do MHP owners have a moral obligation to support tenants that can’t afford the price increases, particularly when they likely can’t afford to live elsewhere?

“These are people who don’t like change,” said Mr. Rolfe. “That’s what their argument is. ‘I like the McDonald’s value meal at 99 cents, and they’ve taken it away from me, and I’m mad.’ But everything in life changes… In other words, if someone can’t afford to live there because times change and time marches on, how is it their [the park owner’s] issue? It’s a parking lot.”

Mr. Rolfe says the country’s housing crisis is larger than one mobile home park owner.

“I’m not going to say in any way it’s not a big issue that in the housing crisis there are many people — not just in mobile home parks but in everything — that are in a terrible position,” he said. “So if we’ve got a resident who is on disability payments for only $700 a month, lot rent is $280 a month under mom-and-pop owners and the market rate [for these homes] is $600, that’s a very difficult situation. I don’t know how anyone would navigate that.” He calls the issue a “government failing” and says many government assistance programs are sold out.

“Mobile home park owners are put in this incredibly hard position where market forces and park survival and bringing parks back to life requires a certain rent,” he said. “I don’t know how you bridge the gap.”

“We’re not supposed to be a social justice institution,” he added.

[Read more about how corporations utilize low-risk loans from Fannie Mae to purchase manufactured housing parks]

On eviction

In Iowa, landlords don’t have to fulfill a ‘for cause requirement’ when evicting a mobile homeowner. There are limited protections surrounding eviction compared to other types of homeowners, said Assistant Attorney General Ben Bellus.

“I had a case years ago where my client got evicted because she wouldn’t have coffee with a woman running a mobile home park one Saturday because my client wanted to spend time with her kid,” said Mr. Bellus. “There was nothing to be done about that because as long as they don’t say what they’re doing, they just give you a notice and you have to move…as long as you aren’t in the written lease period.”

Mr. Rolfe argues it doesn’t make sense for landlords to frequently hand out eviction notices because it is too financially costly for the owner once you add together the lost rent checks, attorney fees and legal costs of abandonment proceedings.

“If you lose a customer, it costs about $10,000, so we don’t want to lose anyone,” he explained. To keep occupancy rates up, Mr. Rolfe has done 220 organic moves since 2020 — where he will pay the full cost of moving fees for residents of other parks to move to communities he owns — that he estimates to have cost him $1.3 million.

Havenpark says, in addition to making their organic moves, their eviction rate in Iowa is less than 1%, which is below the MHP industry average.

But Alex Kornya, litigation director for Iowa Legal Aid, says eviction is “quick and easy in Iowa if you know the rules,” and eviction cases are still common in his work.

“You have the home sitting on the lot that usually has some resale value, and most people after an eviction are not going to be able to recover the home,” said Mr. Kornya. “In most cases, they are gaining the home which the lot can resell. After charging a down payment, they’re not only making money off a new renter, but they have now also made money as a seller.”

He says evictions were increasing in Iowa until the pandemic and that the only thing stopping “a rising tide of evictions” in the state were federal stimulus checks and rent moratoriums, according to Legal Aid internal data combined with numbers from Eviction Lab at Princeton.

On redevelopment

In May 2019, Iowa City Council approved a rezoning of 73 acres near Forest View Mobile Home Court for a $200 million project by Blackbird Investments and North Dubuque LLC, which would displace trailer park residents but give them first consideration for replacement manufactured housing on the site, as well as relocation assistance.

Despite residents being excited by the outcome (and council member John Thomas recently calling it a “visionary project’), the plan was delayed — and eventually abandoned — for financial reasons, leaving the remaining residents stuck in a rapidly decaying trailer park with their housing future in limbo.

“Your typical mobile home is a perfectly sized tract for a Home Depot or apartment complex,” says Mr. Rolfe, pointing out the difficulty in fending off developers looking to mass evict entire communities for other profitable business ventures. He says higher rents, or market-rate rents, are critical in ensuring MHPs do not go extinct – and rarely are new MHPs approved by local governments these days.

“I don’t know how high [rent] would have to be, but when you look at mom-and-pop’s rents, the U.S. average is $280 a month,” he added. “That’s a suicide mission for that piece of land to stay a park.” Mr. Rolfe said most mobile home parks run by mom-and-pop owners are in bad condition and need professional management.

Mr. Rolfe also questioned why residents who can’t afford higher rents don’t sell their homes instead abandoning the property or waiting to receive eviction notices.

“What happens is that, for some reason, a lot of these residents who I read about in different stories, they never attack the problem in the early stages and then sell it off,” he said.

For many residents, selling a mobile home (that depreciates over time similar to a car), is not a reasonable option for families with nowhere else to go, which gives a lot of power to park owners, says Mr. Kornya.

“People have a lot of money sunk into the homes that they bought,” he explained. “They have so much more to lose than a typical tenant. Many times our clients have purchased the actual home that sits on the lot with one-time money that they may never see again. Maybe they had a small inheritance or they are receiving Social Security disability and they got a lump sum back award after a successful appeal. They don’t really have the capacity to make another go at it and start over again.”

The argument surrounding the redevelopment problem is not strong enough to justify the business practices MHP owners employ either, he said.

“Whether or not redevelopment is a danger, I think, is probably pretty situational,” said Mr. Kornya. “Is the solution then to simply hasten the end by creating a financially unsustainable situation? Are they better off losing their home to a company like Havenpark or losing their home through redevelopment?” ##

 

Part IV – Additional Information with More MHProNews Analysis and Commentary in Brief

1) Quoting Rolfe and his notorious Waffle House remarks are common. That said, note that at number 53 from the MUNS pleadings Case Number 1:23-cv-16450 is the following.

“George McCarthy, president and CEO of the Lincoln Institute of Land Policy, a Cambridge, Massachusetts-based think tank, said manufactured home communities containing about a fifth of manufactured home lots nationwide have been purchased by institutional investors, like the Manufacturing Home Community Defendants, over the past eight years.”

Who besides MHProNews and/or MHLivingNews in the manufactured housing industry’s trade media/publishers/bloggers has cited McCarthy’s remarks and others like it?

 

GeoMcCarthyMissionsOfFannieMaeFreddieMacLOGOsToHelpPreserveAffordableHousingTheyreDoingExactlyTheOppositeUpdated2023MHCommunitiesTotalNewManufacturedHousingInfographicsMHProNews
https://www.manufacturedhomepronews.com/mccarthy-missions-of-fannie-mae-and-freddie-mac-to-help-preserve-affordable-housing-theyre-doing-exactly-the-opposite-updated-2023-mh-communities-total-new-manufactured-h/
FixingErrataLincolnInstitutesLogoGeorgeW.MacMcCarthyPicCorrectsManufacturedHousingIndustryFactualRecordonManufacturedHomeCommunitiesPlusSundayWeeklyMHVilleHeadlinesRecapMHProNews
https://www.manufacturedhomepronews.com/fixing-errata-lincoln-institutes-george-w-mac-mccarthy-corrects-manufactured-housing-industry-factual-record-on-manufactured-home-communities-plus-sunday-weekly-mhville/

 

2) Who besides MHProNews/MHLivingNews has reported on the various outrages involving Yes! Communities and the associated outrages involving the Manufactured Housing Institute (MHI), which has elevated Yes! et al with “awards” or speaking time at one of MHI events?

 

ConsumerALERTYesCommunitiesBackstoriesSoberRealitiesManufacturedHousingInstituteAwardWinnerWhichPraisesOwnYesCharityWhileAvoidingResidentWoesMellisaSodiniPicLogoAnalysisMHLivingNews
https://www.manufacturedhomelivingnews.com/consumer-alert-yes-communities-backstories-reveal-sobering-realities-of-manufactured-housing-institute-award-winner-which-praises-its-own-yes-charity-while-avoiding-resident-woes-analysis/
YESweCareVolunteersUniteToTransformHomeForDeservingResidentPerYes!CommunitiesBackstoriesToManufacturedHousingInstituteAwardWinnerYesPRmissedPlusMHVilleMarketsUpdateMHProNews
https://www.manufacturedhomepronews.com/yes-we-care-volunteers-unite-to-transform-home-for-deserving-resident-per-yes-communities-backstories-to-manufactured-housing-institute-award-winner-yes-pr-missed-plus-mhvi/

 

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/

 

Lowey Dannenberg Probe Equity LifeStyle (ELS), Hometown America, Lakeshore Communities, Sun Communities, RHP Properties, YES! Communities, Inspire Communities, Kingsley Mgt, Cal-Am Properties
https://www.manufacturedhomepronews.com/masthead/lowey-dannenberg-probe-equity-lifestyle-els-hometown-america-lakeshore-communities-sun-communities-rhp-properties-yes-communities-inspire-communities-kingsley-mgt-cal-am-properties/

 

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/

 

1000sUnhappyWorkingAtClaytonHomesSkylineChampionCavcoIndustriesSunSUI.ELS.RHP-FlagshipImpactYes!HavenparkCommunitiesWhatWillTheyDoFactsWalkOutThreatOpEdPlusMHMarketsUpdateMHProNews
https://www.manufacturedhomepronews.com/1000s-unhappy-working-at-clayton-homes-skyline-champion-cavco-sun-els-rhp-flagship-impact-yes-havenpark-communities-what-will-they-do-facts-walkout-threat-op-ed-plus-mhmarkets-update/
YesCommunities-SteveSchaubCEO-IndeedReviewRankingByEmployees2023-07-26_15-38-23JobsCareers
Per the standard grading system, Yes! Communities reviews are a “D,” per current and past employee reviews on Indeed. 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.
LaurieMyersAmherstRidgeYesCommunitiesManHousingInstAwardWinnerYesCommunitiesThreatensDisabledGrandMaEvictionLocalAttorneyAdvocatesStepInNewsAnalysisMHLivingNews
Yes! Communities https://www.manufacturedhomelivingnews.com/tricks-of-the-trade-manufactured-housing-institute-award-winner-yes-communities-threatened-disabled-grandmother-current-on-lot-rent-with-eviction-local-attorney-c/

 

ManufacturedHomeCommunitiesMobileHomeParksSIC-ExploringUMHPropertiesManufacturedHousingInstituteMemberYes!CommunitiesLogosSuitsSettlementsPlusMHMarketsUpdatesMHProNews
https://www.manufacturedhomepronews.com/manufactured-home-communities-a-k-a-mobile-home-parks-sic-exploring-umh-properties-fellow-manufactured-housing-institute-member-yes-communities-suits-and-settlements/

 

SamZellELSlogoRHPinspireYesBlackstoneIPSMHActionManufacturedHousingInstituteBuffettBackedIPSCashingInHomesBillionaireLandlordsProfitWhileMillionsFaceEvictionSabotageMonopolyMHProNews
https://www.manufacturedhomepronews.com/sam-zell-equity-lifestyle-properties-rhp-inspire-yes-blackstone-manufactured-housing-institute-community-members-ripped-by-buffett-backed-ips-cashing-in-covid19-report/
DerchoStormYes!CommunitiesSaysNoMarionVillageResidentBlastsYesCommunitiesCaringForRentalsOverManufacturedHomeOwnersManufacturedHomeProNews
https://www.manufacturedhomepronews.com/derecho-storm-yes-communities-says-no-marion-village-resident-blasts-yes-communities-for-caring-for-rentals-over-manufactured-homeowners/

 

3) As far as 21st Mortgage Corporation, it should be recalled that Yes! Communities was linked to pre-Buffett Clayton Homes. Obviously, 21st and Clayton Homes are sister brands.

 

CEO-TimWilliams21stMortgageCorpAuthoredDocumentExposedWarrenBuffettPoliciesAmongThreatsAndChallengesToManufacturedHousingFromProgressiveMovementAndGovtPlusMHMarketsMHProNews
https://www.manufacturedhomepronews.com/ceo-tim-williams-of-21st-mortgage-corp-authored-document-exposed-warren-buffett-policies-among-threats-and-challenges-to-manufactured-housing-from-progressive-movement-and-govt/

 

RaymondLeechBerkshireBankFannieMaeStunningDevelopmentTim Williams21stMorgCorpBRKpicMHILogoDTS.FHFA.GSEsZoningEnhancedPreemptionManHousingImprovementAct2000MHVilleUpdateMHProNews
https://www.manufacturedhomepronews.com/berkshire-banks-raymond-leech-says-stunning-development-tim-williams-21st-mortgage-corp-brk-dts-fhfa-gses-zoning-manufactured-housing-enhanced-preemption-mhia-plus/
TimWilliamsPhoto21stMorgageCorporationLogoQuoteHappyThatThePilotProgramFailedFormerMHIChairman
https://www.manufacturedhomepronews.com/tim-williams-ceo-of-berkshire-owned-21st-mortgage-corp-and-manufactured-housing-institute-board-member-makes-stunning-admission/
TimWilliamsPhotoCEOBerkshireOwned21stMortgageManufacturedHousingInstituteMemberStunningAdmissionWarrenBuffettKevinClaytonTomHodgesLesliGoochPhotosBerkshireHathaway21stMortgageMHILogos
https://www.manufacturedhomepronews.com/tim-williams-ceo-of-berkshire-owned-21st-mortgage-corp-and-manufactured-housing-institute-board-member-makes-stunning-admission/

 

AngryPissedConsumersSoundOffVideoReviewsAboutClaytonHomesLogo21stMortgageCorpLogoBehindClaytonHomesLogoCurtainInsideManufacturedHousingMHLivingNewsLogo
https://www.manufacturedhomelivingnews.com/angry-and-pissed-consumers-sound-off-in-video-reviews-about-clayton-homes-21st-mortgage-corp-behind-the-clayton-homes-curtain-inside-manufactured-housing/

TimWilliamsPhoto21stMortgageCorpLogoManufacturedHousingInstituteLogoImportanceValueQuoteIndependentTradePublicationManufacturedHomeProNewsLogo

NativeAmericanRacialMinoritiesHousingManufacturedHomesPerFedHarmedByLendingPracticesClaytonHomes21stMortgageVanderbiltFinanceBerkshireHathawayLogoManufacturedHomeProNews
https://www.manufacturedhomepronews.com/native-american-racial-minorities-in-housing-and-manufactured-homes-per-fed-harmed-by-lending-practices-clayton-homes-berkshire-hathaway-affiliated-lenders-cited/
LoperBrightsLightOnFHFA-FannieMaeFreddieMacDugWarrenBuffettDTSforManufacturedHomesWithAn
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/

4) The manufactured housing industry, per several sources, is being subverted by insiders who are routinely involved at MHI. Those subversives are undermining manufactured housing, and then they are supposed to be hailed as if they are good for consumers or good for the industry as a whole? Sorry, we don’t buy that nonsense at MHProNews. Ironically, one of those who have said as much, using their own words is none other than Frank Rolfe.

 

FrankRolfeSpecialInterestsDontWantToSolveAffordableHousingFranRolfeDaveReynoldsMobileHomeUniversityMHU-PatchHowThisImpactsMillionsLATonyKovachMHProNews
https://patch.com/florida/lakeland/frank-rolfe-special-interests-don-t-want-solve-affordable-housing
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/
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/
GrossIncestuousSymbiosisBloodbathClaimsDenialByManufacturedHousingInstituteMHI-FirmsFrankRolfeAndrewKeelPassiveInvestingSubcultureInterviewRentControl-HitMHI-CrossModsMHProNews
https://www.manufacturedhomepronews.com/gross-incestuous-symbiosis-bloodbath-claims-denial-by-manufactured-housing-institute-mhi-firms-frank-rolfe-andrew-keel-passive-investing-subculture-interview-rent-control-hit-mhi/

 

IblameManufacturedHousingInstituteSalesCouldBeMuchBetterMHI_InsiderFingerPointsEssentialHUDusePreemptionAuthorityAffordableHousingCrisisManufacturedHousingInReportMHMarketMHProNews
https://www.manufacturedhomepronews.com/i-blame-mhi-sales-could-be-much-better-mhi-insider-finger-points-essential-for-hud-to-use-mhia-authority-affordable-housing-crisis-should-yield-manufactured-housing-in-reports-plus-mhmarke/ and https://www.manufacturedhomepronews.com/gross-incestuous-symbiosis-bloodbath-claims-denial-by-manufactured-housing-institute-mhi-firms-frank-rolfe-andrew-keel-passive-investing-subculture-interview-rent-control-hit-mhi/

5) MHI CEO Lesli Gooch, Ph.D., has given an arguably laughable interview for those who understand the history, potential, and federal laws that were provided by Congress in order to boost  affordable manufactured housing going into the 21st Century.

 

MHNasksManufacturedHousingInstituteCEO_LesliMcCollumGoochWhyIsntThereMoreManufacturedHousingIndustryProsUpsetByGoochStatementsQuotesFactsAnalysisPart1plusMHMarketsMHProNews
https://www.manufacturedhomepronews.com/mhn-asks-manufactured-housing-institute-ceo-lesli-mccollum-gooch-why-isnt-there-more-manufactured-housing-industry-pros-upset-by-gooch-statements-quotes-facts-analysis-p1/

 

WackyWednesdayLoL!BidenThenGaslighting2.0asManufacturedHousingInstituteMHI-CEOdrLesliGoochNamed2024WomenOfInfluenceByWheelerLedHousingWireWhyPlusMHMarketsMHProNews
https://www.manufacturedhomepronews.com/wacky-wednesday-lol-biden-then-gaslighting-2-0-as-manufactured-housing-institute-mhi-ceo-dr-lesli-gooch-named-2024-women-of-influence-by-wheeler-led-housingwire-why-plus-mhmarkets/

 

6) The Manufactured Housing Association for Regulatory Reform (MHARR) are not trade media. They are not a post-production trade group. But other than MHProNews/MHLivingNews, who besides MHARR in MHVille has routinely pointed out the apparent links between industry underperformance and the behaviors that are so often linked to MHI insiders?

 

'A_SupremeCourtGiftToTheManufacturedHomeIndustry'ManufacturedHousingAssociationForRegulatoryReformMHARR
https://manufacturedhousingassociationregulatoryreform.org/a-supreme-court-gift-to-the-manufactured-home-industry/
HUD_AdoptsMHARR-InitiatedFinalRuleAuthorizingMultiDwellingUnitManufacturedHousingManufacturedHousingAssocForRegulatoryReform
https://manufacturedhousingassociationregulatoryreform.org/hud-adopts-mharr-initiated-final-rule-authorizing-multi-dwelling-unit-manufactured-housing/
BottlenecksSurpressingManufacturedHousingContinueUnabattedManufacturedHousingAssociationForRegulatoryReformMHARR
https://manufacturedhousingassociationregulatoryreform.org/bottlenecks-suppressing-manufactured-housing-industry-continue-unabated/

 

7) Yes!, 21st, and Rolfe are among the more prominent members of MHI. Their respective business practices have often come under fire. It is MHI supporter UMH Properties that finally publicly challenged the prevailing narrative found all too often at MHI that keeping the development of new communities down is somehow good for the industry.  The response by Rolfe to the Landys led UMH proposal to robustly grow the number of land-lease communities in coming years by a factor of three? Rolfe called the idea ‘asinine.’

 

UMH_PropertiesFQ4-2023EarningsCallTranscriptSamLandyExpansionsGreenfieldDevelopmentSignificantlyOutperformStabilizedPropertiesEugeneLandyBuild100,000NewCommunitiesPlusMHMarketsMHProNews
https://www.manufacturedhomepronews.com/umh-properties-fq4-2023-earnings-call-transcript-sam-landy-expansions-greenfield-development-significantly-outperform-stabilized-properties-eugene-landy-build-100000-communities-plus-mhm/

 

8) A special report is pending, the next in a series of reports that are often not found anywhere else in manufactured housing trade media. It will include one or more of these firms and topics. It will provide an array of new facts and insights. Stay tuned.  The markets report follows. ##

 

SenateTestimonyHowPrivateEquityLandlordsChangingHousingMarketPrivateEquityStakeholderProjectLOGOHitsNewsPESPwantsMoreManufacturedHomeCommunitiesDevelopedMHVilleMarketsMHProNewsMHAction
https://www.manufacturedhomepronews.com/u-s-senate-banking-testimony-how-private-equity-landlords-are-changing-the-housing-market-private-equity-stakeholder-project-hits-news-more-mhc-development-wanted-plus-mhville/

PS: from the Patch…

ActorRoberDeNiroDenouncingTrumpAsThreatToDemocracyCreditX-DevelopmentsInRyanWesleyRouthBeingArrestCaseLATonyKovachPatch
https://patch.com/florida/lakeland/12-examples-public-calls-violence-against-trump-more-ryan-routh
TANSTAAFL-NoSuchThingAsAFreeLunchLATonyKovachMHProNewsForThePatchMHProNews
https://patch.com/florida/lakeland/tanstaafl-what-does-it-mean-why-does-it-matter-you-yours
Realtor'sJeanetteSettembreLendingTreeSeniorEconomistJacobChannelAmong3rdPartyResearchReportsSayManufacturedHomesAppreciateMHProNewsMHLivingNewsLATonyKovachPatch
https://patch.com/florida/lakeland/mobile-home-values-rising-faster-single-family-house-wow-fact
Lessons of Bernie Madoff-Enron-WorldCom-2008 Housing-Financial CrisisTheStoryYouDidn'tKnowBehindtheCrimeYouCan'tForgetChasingMadoffPosterPatch
https://patch.com/florida/lakeland/lessons-bernie-madoff-enron-worldcom-2008-housing-financial-crisis

 

WhatPastorsPriestsReligiousLeadersAndPeopleMustDoOrElseLATonyKovachForThePatch
https://patch.com/florida/lakeland/what-pastors-priests-religious-leaders-people-must-do-or-else
IntroducingTARK-I'mA_TeenAndI_KnowTheSolutionToTheAffordableHousingCrisisEIN
https://patch.com/florida/lakeland/tark-i-m-teen-know-solution-affordable-housing-crisis

 

 

Part V

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 – 9.17.2024

  • Sam’s Club will raise pay to catch up with Costco
  • Alaska Airlines, Hawaiian can close merger deal, DOT says
  • Federal Reserve Chair Jerome Powell is all but certain to cut interest rates this week to relieve pressure across the economy. But that relief comes will come with a big delay.
  • So we’re expecting a rate cut. When will we start to see a difference in the economy?
  • 28 April 2021, Berlin: On the screen of a smartphone you can see the logo of the app Instagram.
  • Instagram will force millions of teens into protected accounts
  • A customer shops for dairy products at a supermarket in Manhattan on July 11 in New York City.
  • America’s economic engine is still revving, despite fears of a slowdown
  • Brexit is ‘stifling’ Britain’s trade with Europe and the problem is getting worse
  • (L-R:) Senators Sheldon Whitehouse, John Hickenlooper and Elizabeth Warren wrote to Federal Reserve Chair Jerome Powell, calling for a dramatic interest rate cut.
  • Elizabeth Warren calls for emergency-like Fed rate cut ASAP
  • Meta bans Russian state media outlet RT over ‘foreign interference activity’
  • Elon Musk, Chief Executive Officer of SpaceX and Tesla and owner of X looks on during the Milken Conference 2024 Global Conference Sessions at The Beverly Hilton in Beverly Hills, California, U.S., May 6, 2024.
  • Elon Musk is on track to soon become the world’s first trillionaire
  • Women at work are making gains in leadership roles, but catching up to men could take decades, new report estimates
  • Elon Musk deletes post questioning the Trump assassination attempt
  • Intel shares jump on chip deal with Amazon
  • Amazon tells workers they must come to the office 5 days a week
  • TikTok just had the most important two hours of its life
  • Boeing freezes hiring and executives’ first-class travel as massive strike continues
  • Trump’s social media stock reacts to latest security scare
  • The 163-year-old company that built the Titanic says it is insolvent
  • Former BBC presenter Huw Edwards gets suspended prison sentence for having indecent images of children
  • The strike could cost Boeing more than $1 billion. But that could be the least of its problems
  • The Fed is finally about to cut interest rates. What took so long?
  • Here’s what you should know about buying a home ahead of a likely interest rate cut
  • The Fed keeps brushing off concerns about another Trump presidency. Closed-door meetings from his first term show otherwise

 

YahooFinanceLogo9ClosingStocksEquitiesBroaderMoneyMarketInvestmentIndicatorsGraphic9.17.2024MHProNews

 

Headlines from right-of-center Newsmax – 9.17.2024

  • Cotton: Trump Should Get Part of Biden’s Secret Service Detail
  • Election ’24: Race for the White House
  • Trump: Vote Cheats Will Be Prosecuted ‘When I Win’
  • Russia All In on Harris Disinfo: Microsoft
  • NOAA Probes RFK Jr. Over Whale Head Story
  • Sine Institute Poll: Young Voters Uneasy About Election
  • FiveThirtyEight: Trump’s Chances Slide to New Low
  • 2024 Election Could Take Days to Decide
  • Rasmussen Poll: 58% Say Harris ‘More of the Same’
  • Morning Consult Poll: Harris Jumps to 6 Point Lead Over Trump
  • Hillary Clinton: Trump a ‘Danger’ to Country, World
  • Trump Returns to Campaign Trail After Assassination Scare
  • Harris to Face Black Journalists’ Questions in Philadelphia
  • Newsmax TV
  • Tuberville: Navy SEALS Could Add to Trump Protection
  • Mark Morgan: Luck, Not Secret Service, Saved Trump
  • Alford: Return Secret Service to Treasury
  • Waltz: Secret Service Must Use ‘Threat-Based Resourcing’
  • Karoline Leavitt: Trump ‘Putting His Life on the Line’ to Save US
  • Dershowitz: Hitler-Trump Comparisons Encourage Violence
  • Springfield Residents: US Can’t Babysit World’
  • Don Jr.: Fascist Dem Rhetoric Putting My Dad in Danger
  • Newsfront
  • Overseas Threats Hit Ohio City Where Rumors Claimed Haitians Were Eating Pets
  • SPRINGFIELD, Ohio (AP) – Ohio stationed state police at Springfield schools Tuesday in response to a rash of bomb threats – the vast majority that officials said came from overseas — after former President Donald Trump and his running mate, Ohio Sen. J.D. Vance, have said…… [Full Story]
  • AG: DOJ Resolute in Assassination Attempt Probe
  • Attorney General Merrick Garland said Tuesday that the Department of [Full Story]
  • Related
  • James Woods: ‘Armed Assassins’ Getting Near Trump, Not Harris
  • Suspicions Rise That Trump Target of Conspiracy
  • WSJ: Authorities Warned About Suspected Trump Gunman
  • 2nd Trump Assassination Attempt Highlights Secret Service Strains
  • Trump, Biden Have ‘Cordial’ Call After Assassination Attempt
  • Andrew McCabe: Secret Service Needs Rethink on Methods
  • Cotton: Trump Should Get Part of Biden’s USSS Detail
  • Mayorkas: Trump Protection ‘Approximate’ to Biden
  • Titan Employee Testifies Profits Prioritized Over Science
  • A key employee who labeled a doomed experimental submersible unsafe [Full Story]
  • Musk’s Neuralink Vision Implant Gets FDA Nod
  • Elon Musk’s brain-chip startup Neuralink said on Tuesday its [Full Story]
  • Stocks End Little Changed as Early Gains Fade
  • S. stocks closed nearly unchanged Tuesday, giving up earlier gains [Full Story]
  • Russia Wants Army Expanded to 2nd Biggest in World
  • The Kremlin said Tuesday that an order by President Vladimir Putin to [Full Story]
  • Related
  • Russia Strikes Energy Infrastructure in Ukraine’s Sumy Region
  • Putin Expands Russian Army to 1.5 Million Soldiers
  • Casualty Figures in Russo-Ukraine War Hard to Estimate, Let Alone Verify |Platinum Article
  • Ukraine Suffering High Losses Due to Slow Arms Supplies, Says Zelenskyy
  • Two People Die in Ukraine’s Odesa after Moscow and Kyiv Exchange Drone and Missile Attacks
  • New California Law Offers AI Protections for Actors
  • California Democrat Gov. Gavin Newsom signed two bills into law [Full Story]
  • Israel Cabinet: Returning Evacuated Residents Priority
  • The Israeli Security Cabinet on Monday declared the safe return of [Full Story]
  • Related
  • Report: Netanyahu Mulls Firing Israeli Defense Minister Gallant
  • Israeli Continues to Strike Hamas Terrorist Cells in Gaza
  • Israel: Halting Hezbollah Attacks Is Now a War Goal
  • US Says Houthi Claim It Will Recognize Govt ‘Fabrication’
  • Blinken Is Heading Back to the Middle East, This Time without Fanfare or a Visit to Israel
  • State Department: Still Working on Gaza Ceasefire Deal
  • Hundreds of Pagers Exploded in Lebanon and Syria in Deadly Attack
  • Dems Promise Scrutiny of Trump’s Crypto Venture
  • As former President Donald Trump gets his cryptocurrency venture [Full Story]
  • Integrity of NOAA Data Questioned
  • Lawmakers are questioning the integrity of the National Oceanic and [Full Story] | Platinum Article
  • Loopholes Allow China to Buy Land Near Sensitive Areas
  • China is still allowed to purchase U.S. land near sensitive Coast [Full Story]
  • CBP: Border Arrests Jumped in August
  • The number of arrests made at the southern U.S. border rose in August [Full Story]
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  • Health
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Yahoo-ManufacturedHomeCommunitiesMobileHomeParksFactoriesBuildingSuppliersFinanceStocksEquitiesClosingDataYahooFinanceLog9.17.2024MHProNews
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. 
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