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Coloradoan : Water main break leaves Fort Collins mobile home park residents without water

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A water main break at a Fort Collins mobile home community left several of its residents without water this week, according to the city, the community's manager and a resident.

Residents of the eastern section of North College LLC Manufactured Housing Community — a 55-plus senior community with roughly 320 lots — learned of the main break early Tuesday morning when they were greeted with dry kitchen faucets and shower heads around 7 a.m., according to community resident Patti Rosenfelder.

While Rosenfelder, 69, lives on the unaffected western side of the mobile home community — the largest within Fort Collins city limits — she said she...

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Our thoughts on this story:

So a part of a mobile home park had no water for two days because the water main broke. And the delay was caused by the city which mistakenly thought it was their main and told the park to stop work. And that intro leads the writer into a public shaming festival on the owner because he raised rents and enacted basic rules, like no beach towels in windows. What a world we live in.

Forbes: Building 3D-Printed + Mass Manufactured Homes Is 50% Faster, Produces 99% Less Waste, And Can Be 80% Automated

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The world needs two billion new homes in the next 80 years, the World Economic Forum said in 2018. The United States needs 3.8 million additional new homes just to meet existing consumer demand, Realtor.com estimated in 2020. And yet, with perhaps 600,000 people homeless in the U.S. and 40 million people living in poverty in the richest country on Earth, it isn’t just about quantity.

It’s also about price.

And, price to the planet. Construction is already the source of 40% of our carbon footprint globally. How do we house people effectively, efficiently, cost-effectively, and in a planet-friendly way?

According to innovative housing...

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Our thoughts on this story:

3D printed homes is a very interesting technology and I have no doubt it will one day be a big part of the U.S. housing market. But to get there you have to change a lot of ordinances and the Uniform Building Code. You also have to get the cost lower than $300,000 for a 1,500 sq. ft. house with 3D printing. I have seen articles on 3D printing in Europe that is really, really inexpensive. Don’t look at it as a cool way to build a beach house but instead find ways to create affordable housing with it and you’d have a winner.

Yakima Herald-Republic: At the mercy of the market: Yakima trailer park residents feeling the pain of higher rent

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Dora Flores pulls into a parking spot in front of her trailer house after picking up her grandchildren from school. The two boys run inside, splashing through a couple of small potholes. Flores takes a look at her home of almost 10 years and feels only concern. By the end of next month, she says, she may not have a home at all. 

Over the last year, Flores and her neighbors at Valley Community, a small trailer park in Yakima on the corner of Fruitvale Boulevard and North 16th Avenue, have faced steep rent increases, a new monthly water usage cap and now have to pay the city for garbage collection themselves. Residents have struggled to...

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Our thoughts on this story:

The rent was $350 per month and now it’s $600 under the new owner. The park is in Yakima, WA and the average single family home is $290,300 and the average apartment is $1,435 per month. Any sane person would say “looks like the rent at $600 per month is too low”.

WGCU: Residents of Bonita Springs RV and mobile home park chased away as new owner takes over

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Finding a site to place an RV or camper at this time of year in Southwest Florida has always been a struggle. Add to that the number of RV and mobile home parks that were decimated by Hurricane Ian and the result is those that remain are packed.

Not so in Bonita Springs.

Gulf Coast Camping Resort right now looks like it’s in the throes of the summer doldrums and not the height of tourist season in Southwest Florida.

Noticeably absent are people tooling around on golf carts, walking dogs, or sitting outside enjoying the pleasant winter weather.

These days there’s only a handful of renters left at the once-bustling RV and mobile home...

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Our thoughts on this story:

A guy bought an old RV park for $5 million. His intention would appear to be to develop it into a different use. The residents don’t want to leave even though he has terminated all leases and told them to be out by 1/1/2023. Looks like he followed all of the laws and the tenants are trespassing and are violating his property rights – not the other way around.

Voice of San Diego: Another South County City Is Regulating Mobile Home Parks

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On Tuesday, the National City Council moved forward with a new ordinance that will provide a temporary rent cap for all mobile home parks within city limits. The ordinance goes into effect on Jan. 1, 2023, and is good through the end of 2024. 

The decision to intervene in mobile home parks, which typically fall under state jurisdiction, comes after the Keystone Trailer Park increased its rent by 20 percent on July 1. Elected officials said the ordinance was a good first step but acknowledged that more work needed to be done to keep the cost of housing low. 

“It is long overdue,” said City Councilman Jose Rodriguez. “We need to make sure...

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Our thoughts on this story:

How dare this mobile home park owner raise rents by 20%! Sure, the rents are about 90% less than every other housing option in San Diego even after the increase, but that’s not the point apparently. I wonder how long it will take for the park owner to start calling land brokers to find someone to redevelop this parcel? Answer: not long.

Cape Cod Times: Judge makes decision in Pocasset mobile home park trial. Here's the latest

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BARNSTABLE — A Superior Court judge found on Wednesday that Crown Communities LLC is the rightful buyer of a Pocasset mobile home park.

The 15-page decision comes after a years-long legal battle between the Wyoming investment firm and the Pocasset Park Association, with both sides seeking ownership of the Bourne park, which is home to about 170 people at its prime location off Barlow's Landing Road.

"The Association lacked sufficient support (and authority) to exercise lawfully its right of first refusal and to purchase the park," wrote Judge Michael Callan, who decided the jury-waived trial.

In a statement to the Times, Walter B....

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Our thoughts on this story:

Another classic tale of park residents wanting to buy their mobile home park and failing miserably. They apparently cheated on the number of votes necessary to even start the process and the real owner and real buyer sued the tenants and the judge agreed that the tenants were wrong. Of course, in cases like these the tenants have no money to pay any of the legal fees involved or damages to the other parties. Had the roles been reversed, you know that the tenants would have sued the owner and buyer for $1 trillion.

Washington Post: In a trailer park, boxes deliver fresh produce and a sense of belonging

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His shoulders hunched against the raw wind and freezing rain, Gerson Lima trudged through puddles earlier this month with his 6-year-old son, Cristian. But they didn’t have far to go: It was just a few minutes’ walk from their trailer to the parking area where the food truck was parked. Every two weeks it brings ingredients for meals for the family of two adults and two children, who arrived seven months ago from Guatemala.

“It’s made a big difference,” said Lima, 28, one hand gripping a black umbrella, the other holding his son’s hand. “It’s helped a lot. It’s everything, especially now, because we just arrived and have no other...

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Our thoughts on this story:

Finally, a story with a purpose.

Post Bulletin: Agreement in works with Bob's Trailer Park tenants as they continue without running water

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ROCHESTER — A potential agreement with four residents at Bob’s Trailer Park is in the works more than a month after they lost running water in their trailers.

“Two weeks should be sufficient time to iron out a few details,” Rochester attorney Travis Ohly told Olmsted County District Court referee Erin Felten during an online hearing Tuesday.

Ohly, who represents the property owner, Pennsylvania-based TSJ Parks LLC, said work has started in an agreement, but final terms couldn’t be reached Tuesday.

Court staff said negotiations were the cause of an approximately one-hour delay for Tuesday’s hearing, which was attended by TSJ Parks member...

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Our thoughts on this story:

Boy, is this headline misleading. The park is being closed for redevelopment, and there are only five trailers still remaining because of bureaucratic blocks on removing them and homeless people have taken over the empty trailers during this bureaucratic delay. This is a story of low rents = redevelopment, and not some rogue park owner who turned the water off.

Seeking Alpha: Manufactured Housing: Recession-Resistant REITs

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Summary
  • Manufactured Housing REITs snapped an incredible streak of nine straight years of outperformance over the REIT Index in 2022, impacted by headwinds from higher interest rates and hurricane-related disruptions.
  • Despite their REIT-leading growth rates, Manufactured Housing ("MH") REITs have historically been among the most interest rate-sensitive sectors due to their counter-cyclical demand profile and remarkable operational consistency.
  • While rent growth has moderated from record-high levels across other residential property types, MH revenue growth is poised to accelerate in 2023, driven by their under-appreciated...
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Our thoughts on this story:

Mobile home parks are the best sector in U.S. real estate. Couldn’t agree more. Great stats in this article. One of the few good ones in a sea of woke idiocy.