2024 has just begun and we already have a serious contender for Dumbest Article of the Year:

IDIOCY #1: “This model of collective ownership, also called resident-owned cooperatives or ROCs, is on the rise. In 2000, there were little more than 200. Today, there are more than 15,000, according to a 2022 study from researchers at the University of California Berkeley, Cornell and MIT.”

There are only 44,000 mobile home parks in the U.S. and ROC acknowledges they have only done around 200 deals since inception, so where did MIT come up with 15,000?? That would be over 30% of all mobile home parks in America, instead of the actual number which remains at around .0045%. That’s a pretty big error that you would imagine anyone with common sense would have spotted when proofing this article.

IDIOCY #2: “When residents own the land, they can move more quickly to upgrade infrastructure. That’s where climate change comes in. Renewables — especially solar — work uniquely well with these types of places, according to Kevin Jones, director at the Institute for Energy and the Environment at the Vermont Law and Graduate School. There’s nothing more perfect than these resident-owned communities because they already have a cooperative structure and, generally, commonly own the piece of land,” said Jones.  “[They] are just kind of natural communities to be able to bring the benefits of solar to more low to moderate-income people.”

This may come as a shock to a young journalist, but mobile home park residents have absolutely no money to fund infrastructure improvements in an ROC format, and certainly solar energy would NEVER be on that list if they could (fixing potholes is challenging enough when you have no deep-pocket owner to make those repairs).

Perhaps this writer went to the Marie Antoinette School of Journalism because something is definitely missing in their sense of reality. Perhaps the residents should eat cake while enjoying their new solar panels?

Even New York is jumping on the bandwagon of making free repairs to the residents of old mobile homes. This is a seismic shift that will benefit a huge number of people at a low price point.

Lobbyist Chester Baldwin summed it up:

“There is no such thing as affordable housing in the state anymore because we have put so much cost and regulation onto housing – that housing is expensive,” he said. “No one can build it affordably.” 

Does anyone but Baldwin in the entire State of Washington have any common sense? Apparently not.

Bingo, another city has figured out a better way to keep mobile home parks thriving:

Jurupa Valley mobile home residents will get some help fixing up their homes in the New Year thanks to a $3 million state grant.The grant, issued by the Manufactured Housing Opportunity & Revitalization Program, was secured by state Sen. Richard D. Roth (D-Riverside).Here’s how it will work for Jurupa Valley residents: In early 2024, mobile home owners can apply through the city for money to repair their plumbing, roofing, heating, ventilation and electrical work. The city said it will consider all the applicants but those who are the “most in-need household” will be first in line, according to Roth’s office. Once the most at-risk properties are helped, the grant money will open up to the remaining mobile-home owners “on a first come basis until funds are depleted.”

Any city or state could enact a program like this and it’s infinitely smarter, cheaper, and more effective than the worn out “residents buy the parks” concept.

"Shark Tank" star Barbara Corcoran, a renowned real estate mogul, surprised many when she acquired a double-wide trailer in Los Angeles.

I’m sorry but a “real estate mogul” would not have bought a mobile home in Malibu for $1 million but instead one of the real houses next door which start at $10 million. These articles are making her look dumber by the minute and she needs to quit talking to the media. Nobody is buying this nonsense.

I love how the residents hired an “expert” to say that the lot rents should only be $850 per month. Well, maybe the “expert” doesn’t own a computer because a quick search of Bestplaces.net shows that Bradenton Beach has the following real estate prices:

Single Family Home: $775,100

2 Bedroom Apartment Rent: $1,620 per month

3 Bedroom Apartment Rent: $2,150 per month

The bottom line is that a lot rent over $1,000 per month is perfectly reasonable in this market and you can go hire 100 “experts” to tell the owner that $75 per month is right but nobody is going to buy that argument.

Sure, tenants were getting a ridiculous deal from mom and pop for decades. That has nothing to do with the actual value and new owners are not going to be compelled to keep lot rents ridiculously low like their predecessors did. Sorry, but it’s just not going to happen.

The city of Fresno, California is finally getting wise to how to keep mobile home parks from being torn down and redeveloped:

“We are now connecting mobile home parks to water and sewer systems to make sure that they have a sustainable water source and have a necessary sewage infrastructure,” Arias continued. “We are taking responsibility to inspect and monitor all mobile home parks within the city’s boundaries, and now we’re actually funding the renovation and preservation of mobile home parks.”

More cities should adopt this attitude.

I’m glad this had potentially a happy ending, but what I take issue with is that the concept of forcing tenants to bring property up to minimum standards is now taken by the media as an unfair request.

The inspections and subsequent notices of violation “are not intended to be an avenue for evictions and that is not our goal when we issue them,” Shah said to deFaria in an email. “Just like how an HOA operates, we expect residents to comply to the rules and regulations… to address safety hazards that are common with older homes and to improve the quality of homes and lots so that the community remains a high quality, safe, and clean place to live.”

The win/win here is that the owner got the property fixes done with volunteer labor. But the requests were never wrong and should not have been portrayed by the media in that manner. 

Read this carefully and see if you remember this park from 2017:

The Santa Clara County Housing Authority, which purchased the park at 3980 El Camino Real in 2017, submitted this week plans to redevelop the park and turn it into Buena Vista Village. According to the newly submitted plans, the rebuilt park would include an apartment building with 61 units, ranging from junior 1-bedroom apartments to 3-bedroom ones. It would also replace existing mobile homes and RVs, many of which fail to comply with local codes, with 44 new coaches of various types.

The goal of retaining residents marks the project as very different from the prior redevelopment proposal, which would have replaced Buena Vista with a high-end condominium development. That plan, which was pitched by the Jisser family in 2013, ran into massive community opposition and ultimately prompted the city and Santa Clara County to facilitate the Housing Authority's purchase of the Barron Park property.

This time, the project is expected to encounter little resistance. Earlier this year, Housing Authority CEO Preston Prince emphasized in a presentation to the City Council that in pursuing the redevelopment, it is "inspired by the values of equity, preservation and anti-displacement."

In the near term, however, the 260 current residents will have to decide what to do during the construction period and determine whether they want to return to the new Buena Vista Village once the project is complete. In response to an inquiry from this publication, the Housing Authority noted that residents are still living in the park and will continue to do so until the renovation starts.

I hope that all the cities and states that are hyped up on the residents buying their own communities sees this as a wake-up call that maybe the concept does not work as planned.

If you recall back in 2017 the media and the residents very publicly blasted the owner of the park who was going to redevelop it into high-end condominiums. They blocked and litigated him at every turn and eventually forced him to sell the park to the city for the perceived and widely promoted benefit of the residents (do you remember when they even pitched Steve Jobs’ wife to buy it and donate it?). Well, that was only 5 years ago and now Palo Alto is giving up on the concept and going to tear the park down themselves and do exactly what the prior owner was going to do only with the spin that maybe the residents can move back in some day – yeah, right.

If they had simply given the residents that park money back in 2017 – of which I publicly wrote articles on back then – those folks could have pocketed about $400,000 each and bought a nice brick house in an exurban California market with lower home prices. Instead, they are now the proud owners of … homelessness. Ronald Reagan once said that the nine scariest words in the English language are “I’m from the government and I’m here to help” – and he nailed this one.

More folks drinking the Kool-Aid that owning their park will make unicorns descend from the heavens and end world hunger when, in fact, it will probably only usher in higher lot rents due to poor collections while the park slips into an infrastructure mess because they have no realistic financial plan to make cap-x repairs.

Here’s the ugly truth: nobody is going to buy a modular home if it’s only 16% cheaper. The negative stigma and appearance of modular is worth way more than 16% to the consumer. Until the price of modular is more like 50% less than a stick-built home it will likely never get off the ground in a big way.

Am I crazy or is this perhaps the ugliest home ever created? How in the world can the U.S. designers screw up 3-D printed homes so bad when overseas they look so good. I feel like it’s the 1980s when U.S. car designers deliberately built some of the ugliest models ever made and foreign car companies stole all their market share.

Wow, the “before” photo to the “after” photo of the above article. The bureaucrats are going to spend $90,000 per household to let the residents continue to live in old trailers indefinitely. Do you think the residents might have been better off getting $90,000 checks to buy brick houses in a less-expensive area? I guess nobody realizes that the $90,000 per lot will not get them nicer, newer homes or needed improvements – just the luxury of saying they own the land (and the resulting worry of paying for it). Ronald Reagan wins again.

No offense to the bureaucrats but when you can buy a 29-space park in Massachusetts for $600,000 ($20,000 per space) you know it has some significant cap-x problems in store for the new owner.  I hope they have a plan to pay for those, (and I bet they don’t). I assume the bureaucrats did zero due diligence and are about to find out the hard way how infrastructure and 1001 real-life things work when they have no money to pay for them.

“From the outside, it looks like a home you might find in any trailer park. But step inside and the reasons behind the $1.4 million price tag reveal themselves, including luxury finishes and a huge private deck that offers sweeping canyon and ocean views”.

So let me get this straight. You slap a $50,000 kitchen on an old singlewide, toss in a $10,000 deck, and the $15,000 value of the home leaps to $1.4 million? Pretty bad logic. I admit the view is good, but there’s a million real houses that can beat that overlook and sell for a fraction of that price. One good reason that Millennials are lousy home shoppers and pay way too much is simply that they read too much nonsense like this.

Washington state is apparently pushing a new woke initiative: live rent free and still get service just like a real, paying customer.

While landlords have a duty to keep units habitable, if they don’t, tenants must be current on rent and utilities to enforce a demand for repairs, according to RCW 59.18.080.

If you recall, last week there were a number of articles trying to brainwash you into believing that Washington state should do more to force park owners to sell to the residents. Gee, I wonder if that’s what this new push is all about?

Look, when somebody buys a mobile home in those two old parks in Malibu it’s typically a sign that their career is ending. Hillary Duff lived in one of those mobile homes, as did Pam Anderson – but only when their ability to fund a stick-built home deteriorated along with their incomes and desirability as stars. I know nothing about Barbara Corcoran, but this article is the same nonsense that we would be told if we caught a celebrity driving an old Ford Taurus in a parking lot who would then proceed to tell us how they fell in love with the car’s styling and now prefer it to their old Ferrari. Give me a break.

Demand for mobile homes has surged in recent years as people struggle to find affordable housing. That’s also made mobile home parks attractive to investors, who are snapping them up and raising rents. In Washington state, some mobile home residents are fighting back, offering to buy the land themselves. But experts say few resident communities will win the bidding war without more help from the state.

Yes, you knew it was coming after the earlier article. The media mob runs in packs like wolves and this story is an extension of the earlier one that is trying to brainwash you that Washington state needs to require park owners to sell to the tenants. In other words, back to the same tired narrative based upon a fantasy that resident-owned parks are the solution – not bothering to mention that these deals rarely matriculate and only about .007% have ever successfully been put together on a national level.

I can brainwash, too. This idea is stupid. This idea is stupid. This idea is stupid. Are you convinced yet?

Yet another article aimed at brainwashing you that residents can only live in a land of unicorns and rainbows if they band together, pool their resources, and buy their properties from evil park owners. And, of course, it’s another article based out of California. Clearly the folks that do resident-owned community deals are working around the clock to get these articles published but it’s still not going to fix the inherent problem that the success rate is about as big as a 3’ tall person making the NBA, and then winning Powerball after hitting a half-court jump shot.

The park manager summed it up well:

“At Paradise Cove Resort & RV Park, we have a majority of our residents who live here peacefully. We also have some instigators who want to make it more difficult to do business and maintain the peaceful environment which we have known here for so many years. It is a shame that the contemplated reporting will be highlighting the efforts of the instigators”.

A couple people are mad because the rent went up. So, they are using the media to ignorantly harass the owners.

I will bet you $100 that this property gets redeveloped in the near future. Who would put up with this abuse?

A quick search on Bestplaces.net shows that the average home price in Petaluma, CA is $839,600 and the average 3-bedroom apartment is $3,850 per month. That’s what makes this article so asinine:

As at most parks, the residents of Little Woods own their mobile homes but must pay a base rent for the land underneath the home, with rents ranging between $457.13 and $1,195.00 per month – though most pay roughly $500 a month, according to documents submitted by the owners to the city. This means that under the proposed rent hikes, residents face increases between 128% and 352%.

The reporter is distorting the facts here, as the percentages are meaningless and all they prove is what an outrageous deal the tenants had before the change in ownership. Those rents could double yet again and still be way under market levels. Why should mobile home park lot rents be at $500 per month when apartment rents are 700% higher?

You have to be crazy to own property in California.

What San Jose, CA is doing should be concerning for any property owner. They are basically taking away inherent property rights and not even being coy about it:

“I think this is a clear statement of intent from the council that these should remain mobile home parks,”said Mayor Matt Mahan. “And should a developer propose redevelopment, the bar would have to be extremely high.”

I hope that the San Jose mobile home park owners pool their resources and sue to block this action from a city council and Mayor that clearly have elevated their opinion of their powers to a ridiculous level.

Look at these photos and tell me who in the world is idiotic enough to pay $2 million for a mobile home in a setting like that? By any unit of measure these are the worst values in American real estate. No offense to Montauk fans but is that really the best you can do with $2 million on the East Coast?

In a 28-page suit in federal district court, park owners challenge the ability of the city to regulate, saying steps taken amount unconstitutionally depriving them of their right to an adequate rate of return. The suit cites hefty inflation and the city's effort to shield residents from it by reducing the cap on rent increases to below inflation. They argue they're being required to run their business at a loss. The suit also challenges the constitutionality of requirements that should park owners wish to close a park that they find comparable space in another park for the home or purchase then from tenants at 'in place value.'

Observation #1: you have to be nuts to own property in California.

Observation #2: thank heavens these park owners have the guts to fight this unjust treatment.

The headline says it all:

When 80-year-old Gordon Hastings moved into Glenbrier Park 15 years ago, he paid $320 monthly rent. Now he pays more than $700.

But here’s the problem. That’s only around a 5% per year increase – and that’s not much more than inflation.

The cost of virtually everything is America has gone up more than 5% per year since 2008.

Does nobody have basic math skills anymore? Do these journalists at least have access to calculators???