You should be placed on a pedestal as the Poster Boy for the nation’s current Affordable Housing Crisis.
For decades this nation had an example of affordable housing that worked beautifully. Families would establish a business to invest in communities where others could rent a place to live in their manufactured homes.
The site rents brought in enough money to support operations, maintenance and provide the owners with a comfortable living. They were similar to non-profit organizations, except they were not subsidized by any government agency and paid their fair share of taxes to support the local communities. We are talking about 44,000 to 45,000 manufactured home communities, depending on the sources considered, where millions of people lived comfortable lives in an affordable environment.
Unfortunately, because those owners didn’t raise the rents in accordance with the standards of the secular world, the Mom & Pop communities became targets for legal looting. People like you and those who attend your training, began descending on any park offered for sale and pounce.
Gone are the days of the laissez-faire semi-nonprofit organizations that took the care and well-being of the residents into consideration. Similar to the world of those who live in apartments today, for the investors it is the return on the investment and meeting their imaginary “market rate” which became their only goals. And yes, the money started to roll in… (See: Homewreckers)
Really, you should stand up and look to the world and proclaim, “This was my idea!”
It was your idea to buy up the parks and efficiently increase the rates to drain all of the resources from the people who lived in those parks and throw them out for government agencies to support. Those people had only one major financial resource. Their homes. You undermined the value of those homes, took those homes from them through foreclosure and then fed them to the dogs.
Widows and widowers, disabled, veterans, and families who live in your communities are all fresh meat. Your parasitic organizations don’t care about the impact of Manufactured Home Community Rent Increases on the residents of their parks. Their goal is to capture as much of their financial blood as possible and then throw them out into the street for someone else to rescue.
You Should Be Proud.
You took a fully functional, non-subsidized form of affordable housing and found a way to make a profit by destroying it.
What a man! What an example for others to emulate!
Oh, yes! That’s right! You even established a school to teach others your process, to expand your chaos even further.
Today I saw a marketing letter from you saying that your progress to date has been insufficient.
“We have for years been writing about the reasons that mobile home park lot rents make no economic sense – they are at least 50% to 100% too low compared to market rents.”Frank Rolfe — Marketing Letter
A 50% to 100% rent increase for someone who is already paying over 50% of their income to rent dirt on your properties is insane! Only a sociopathic person, such as you, our Poster Boy for the Affordable Housing Crisis, could come up with such a vision.
The Hypocrisy of Ignorance
For someone who claims to know so much about Manufactured Home living, you sure like to pretend to be ignorant of the basic truths. In your letter you state;
“Austin has a metro population of 916,906 with a median home price of $369,000 and an average three-bedroom apartment rent of $1,897 per month.”Frank Rolfe — Marketing Letter
You are knowingly comparing apples to oranges.
Apartment rents are flat rates that cover all expenses related to living in that apartment. The roof leaks, call the landlord. The stove doesn’t work, call the landlord. The landlord covers all maintenance, taxes and often the utilities.
At a Manufactured Home Park, you are renting the dirt your home sits on. You pay the maintenance, taxes, utilities, insurance, and you even landscape the dirt – donating the value of that landscaping to the park owner. The owner maintains the infrastructure and not much else.
But, you know that. After all, you were the one that stated that mobile home park “is like a Waffle House where the customers are chained to their booths“. Even if they had tens of thousands of dollars to move their home, there are no new parks to move them to and you are working hard to ensure no new ones get built. Finally if they were actually able to sell their home at a decent price, given the affordable housing crisis, they would still have nowhere to go.
So, stand proud! You and your fellow parasites will continue to suck the financial blood out of your residents until they either die from the stress or are kicked out in the streets for society to support.
All Hail the Vampire King!
Robert E. Van Cleef
PS: Gal 6:7 – Do not be deceived, God is not mocked; for whatever a man sows, this he will also reap.