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Last winter, I got an intriguing story tip: Many Wisconsin manufactured home communities were operating with expired licenses.
I didn’t initially know much about these communities, often called mobile home parks, where residents own their homes but rent the land they sit on. I quickly learned they provide a critical source of affordable housing in Wisconsin and beyond — the country’s largest portion of unsubsidized low-income housing.
Housing experts and advocates told me private equity’s growing interest in the model threatens to change that. My reporting found that Wisconsin’s government is failing to enforce basic protections for...
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I didn’t initially know much about these communities, often called mobile home parks, where residents own their homes but rent the land they sit on. I quickly learned they provide a critical source of affordable housing in Wisconsin and beyond — the country’s largest portion of unsubsidized low-income housing. Housing experts and advocates told me private equity’s growing interest in the model threatens to change that.
There were multiple articles on this same topic – the same B.S. over and over and over. I fully understand why socialists would regard private equity groups as pure capitalism and, therefore, the antichrist, but the argument is complete nonsense and anyone who believes it is dumb as dirt. Private equity groups have done more to save failing mobile home parks than any other group, having poured hundreds of millions of dollars into fixing broken infrastructure and management. They should receive accolades not abuse. But there’s no way a socialist could give a medal to a private equity group, no matter what the facts are. “Trump derangement syndrome” is only exceeded by “private equity derangement syndrome”. Pathetic.