2009-02-05bronto.com

" In many ways, this could be defined as "more of the same" for the sector - manufactured housing has been experiencing problems for most of the past decade. During the period from 1998 to 2002, an overproduction of supply and problematic underwriting generated a spike in default and foreclosure rates. During this period, the manufactured housing industry experienced falling revenues and the departure of many leading companies."



Comments:

tvsterling at 21:13 2009-02-06 said:
This is something I know about first hand. The reason that mobile-modular housing never gets anywhere is crappy little local & county governments. They don't like mobile-modular because they can't gouge any money thru fees, inspections etc out of them. They are herded into trailer parks like so many Indians on a reservation. The bankers are in on it too. Also it offends the ever present little real estate cliques. What if automobiles were all made one at a time (or in small batches) by local craftsmen the same as houses are? That's right we wouldn't have cars, or at least only the rich would have cars. What if mobile-modular homes were the norm not the exception? That's right EVERYBODY would have a comfortable,VERY affordable home. If mobile-modular ever got off the ground & realized economies of scale in production they could provide amazing value for the money. Just look at the car in your driveway. Stick built homes would be a luxury item the way they should be. Even with every Podunk, One Horse Town & Backwater County in the country actively trying to stamp them out the mobile-modular manufacturers are surviving. This is something real that the Federal government needs to do for the people. GET ALL THE LOCAL JERK GOVERNMENTS OFF THE BACK OF MANUFACTURED HOUSING. If Clinton had pursued this approach to affordable housing we wouldn't be in this mess & everybody who wants one would have a home. Permalink

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