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(NPR)   We're here to borrow money from the government, buy housing, raise rent, evict people, and chew bubblegum. And we're all out of bubblegum   (npr.org) divider line
    More: Murica, Mobile home, Freddie Mac, Federal Housing Finance Agency, mobile home park, Fannie Mae, state company, Manufactured housing, Havenpark Communities  
•       •       •

2050 clicks; posted to Business » on 20 Dec 2021 at 12:20 AM (28 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



45 Comments     (+0 »)
View Voting Results: Smartest and Funniest
 
2021-12-19 8:43:14 PM  
Slam-dunk issue for Dems to run against.

Will they?

Let me laugh harder.
 
2021-12-19 9:03:02 PM  
Good to know big investors are killing the ENTIRE housing market from top to bottom.
 
2021-12-19 10:54:28 PM  
Listen, if the person that owns that land dies, well the land is going to change hands.  So, the lot rates may increase or you might have to move your trailer.  I've never seen a story where the internet millionaire reduces the lot rent on the place his father owned.

/sorry about the gender stuff, just substitute "her" and "mother" where appropriate, thanks.
 
2021-12-20 12:30:50 AM  
Two of the biggest problems in America are widespread homelessness and a glut of unoccupied residential buildings.

You'd think the few people who are able to solve both problems at the same time would be willing to at least try, or at least publicly acknowledge the fact that those problems should be mutually exclusive in first-world nations.
 
2021-12-20 12:38:14 AM  
What is that red 2690 thing?

media.npr.orgView Full Size
 
2021-12-20 1:12:38 AM  
It's a new article for a problem reported by NPR a few years ago. Gentrification isn't just for black neighborhoods, the process of suburban manufactured housing parks being closed and turned into wealthy neighborhoods has been happening for a while. Calling them mobile is disingenuous, once parked they rarely move without the assistance of a tornado.
 
2021-12-20 1:14:37 AM  

Dr.Fey: What is that red 2690 thing?

[media.npr.org image 850x565]


Why that's a locomotive being operated by an engineer.

CN Train Spotting HD: CN 2690 5669 & 5710 Leads CN 112 East At Magnolia AB 7/21 6/28/14
Youtube uApT9ZimY7A
 
2021-12-20 1:31:56 AM  

I am Tom Joad's Complete Lack of Surprise: Slam-dunk issue for Dems to run against.

Will they?

Let me laugh harder.


Because if there is one thing traler-park renters are known for, it's voting for their own self interest.
 
2021-12-20 2:21:15 AM  
article didn't explain if she was vaccinated at all, but they sure shared she Got Covid.

If they evict her.  How do they expect to have her mobille home unoccupy the land?
 
2021-12-20 2:33:01 AM  

padraig: I am Tom Joad's Complete Lack of Surprise: Slam-dunk issue for Dems to run against.

Will they?

Let me laugh harder.

Because if there is one thing traler-park renters are known for, it's voting for their own self interest.


Who are they supposed to vote for? The party that has no problem screwing them or the party that listens intently to their problem, feels their pain, acknowledges the problem, and the does dick all for them on this issue.

Keep in mind the people directly involved in farking them over own both parties.

We like to look down our noses at these folks, but they are confronted with one side lying to them and saying "it's the lib's fault" and said libs mush-mouthing around the issue and at best making promises they have no intent to keep.

I know that's a BSAB argument, but the difference is that the smarter folks are able to parse that the incremental progress this nation's owners are willing to begrudgingly allow through the democrats is better than nothing. The lunkheads have Fox News blaming the only people even pretending to help them, and traitor party propaganda giving them something they can actually do to "fight back".

It doesn't matter what Fox tells them to do to "fight back" no matter how stupid it is. It's the fact it gives them something concrete to do.
 
2021-12-20 2:34:42 AM  
For those who don't rtfa, it isn't just that they borrow from the government. They borrow to buy a trailer park, then the raising of rent makes the business worth more, allowing them to borrow more to repeat it. They can do this basically forever.
 
2021-12-20 2:54:45 AM  
 
2021-12-20 4:20:27 AM  
John Oliver had an episode on this a couple years back:

Basically: Hedge funds have too much money and real estate is so overheated that they don't forecast any reasonable returns, so they're now going after the only places left where they might see a ROI greater than 100%: Low income housing.

Their most preferred targets are mobile homes and trailer parks. So now the absolute poorest of the working classes are being evicted because they quite simply can't afford to live *anywhere*.


This is the end result of supply side economics. As if no one could farking see this coming.
 
2021-12-20 6:07:47 AM  
external-content.duckduckgo.comView Full Size
 
2021-12-20 6:25:06 AM  
Residents will keep voting GOP though.
 
2021-12-20 7:56:40 AM  

padraig: I am Tom Joad's Complete Lack of Surprise: Slam-dunk issue for Dems to run against.

Will they?

Let me laugh harder.

Because if there is one thing traler-park renters are known for, it's voting for their own self interest.


This.
Also, these voters were totally unaware that #45 lowering interest rates to dangerously low levels without cause would greatly hasten these types of deals.  I am willing to bet the old couple who sold the park couldn't believe how much it was worth.  The new firm needs to produce a return on investment and paid a lot of money for the park.  So why is she so surprised?  The company likely has an in house attorney who evicts people all day.
I am curious if she has to pay property tax on the mobile home or not?  If not then the lease isn't a bad deal.  Her hourly wage is a crime though.  Should be $18/hour minimum IMHO.
 
2021-12-20 8:22:08 AM  

Dr.Fey: What is that red 2690 thing?

[media.npr.org image 850x565]


A train.
 
2021-12-20 8:22:21 AM  

wildcardjack: It's a new article for a problem reported by NPR a few years ago. Gentrification isn't just for black neighborhoods, the process of suburban manufactured housing parks being closed and turned into wealthy neighborhoods has been happening for a while. Calling them mobile is disingenuous, once parked they rarely move without the assistance of a tornado.


This particular case, not that.  It's not being closed.  We're talking suburban Flint, Michigan here, there are plenty of places to build that aren't 30 feet from the busy CN Toronto-to-Chicago railroad tracks.  It's just a hedge fund trying to find the maximum the market will bear before they start losing revenue to empty lots.  It's more than Gene and Ethel were charging, that's for sure.
 
2021-12-20 8:28:56 AM  

Northern: padraig: I am Tom Joad's Complete Lack of Surprise: Slam-dunk issue for Dems to run against.

Will they?

Let me laugh harder.

Because if there is one thing traler-park renters are known for, it's voting for their own self interest.

This.
Also, these voters were totally unaware that #45 lowering interest rates to dangerously low levels without cause would greatly hasten these types of deals.  I am willing to bet the old couple who sold the park couldn't believe how much it was worth.  The new firm needs to produce a return on investment and paid a lot of money for the park.  So why is she so surprised?  The company likely has an in house attorney who evicts people all day.
I am curious if she has to pay property tax on the mobile home or not?  If not then the lease isn't a bad deal.  Her hourly wage is a crime though.  Should be $18/hour minimum IMHO.


I didn't read the whole article, but it sounds like that park had been there a while. It was established when land prices were sane, so the lot rents necessary weren't screaming obscene. 

What everything is evolving towards is the worst of the British aristocracy, where the Duke or Earl of the realm extracts everything and doesn't care a whit if the peasants are starving. It's never a stable situation.
 
2021-12-20 8:35:38 AM  

I am Tom Joad's Complete Lack of Surprise: Slam-dunk issue for Dems to run against.

Will they?

Let me laugh harder.


...I bet they are also benefiting from like like the GOP is.
 
2021-12-20 8:37:34 AM  

Another Government Employee: Northern: padraig: I am Tom Joad's Complete Lack of Surprise: Slam-dunk issue for Dems to run against.

Will they?

Let me laugh harder.

Because if there is one thing traler-park renters are known for, it's voting for their own self interest.

This.
Also, these voters were totally unaware that #45 lowering interest rates to dangerously low levels without cause would greatly hasten these types of deals.  I am willing to bet the old couple who sold the park couldn't believe how much it was worth.  The new firm needs to produce a return on investment and paid a lot of money for the park.  So why is she so surprised?  The company likely has an in house attorney who evicts people all day.
I am curious if she has to pay property tax on the mobile home or not?  If not then the lease isn't a bad deal.  Her hourly wage is a crime though.  Should be $18/hour minimum IMHO.

I didn't read the whole article, but it sounds like that park had been there a while. It was established when land prices were sane, so the lot rents necessary weren't screaming obscene. 

What everything is evolving towards is the worst of the British aristocracy, where the Duke or Earl of the realm extracts everything and doesn't care a whit if the peasants are starving. It's never a stable situation.


That wouldn't be possible if interest rates were normal, minimum wages were adjusted from 1968, and we had single payer health care.
The states could easily setup zones for trailer homes and arrange cheap loans for these people to eventually own the land.
 
2021-12-20 8:48:34 AM  

kkinnison: article didn't explain if she was vaccinated at all, but they sure shared she Got Covid.

If they evict her.  How do they expect to have her mobille home unoccupy the land?


They get the home too..and they'll sell it to some slub for a huge interest rate. Rinse and repeat every few years.
 
2021-12-20 8:57:18 AM  

Another Government Employee: Northern: padraig: I am Tom Joad's Complete Lack of Surprise: Slam-dunk issue for Dems to run against.

Will they?

Let me laugh harder.

Because if there is one thing traler-park renters are known for, it's voting for their own self interest.

This.
Also, these voters were totally unaware that #45 lowering interest rates to dangerously low levels without cause would greatly hasten these types of deals.  I am willing to bet the old couple who sold the park couldn't believe how much it was worth.  The new firm needs to produce a return on investment and paid a lot of money for the park.  So why is she so surprised?  The company likely has an in house attorney who evicts people all day.
I am curious if she has to pay property tax on the mobile home or not?  If not then the lease isn't a bad deal.  Her hourly wage is a crime though.  Should be $18/hour minimum IMHO.

I didn't read the whole article, but it sounds like that park had been there a while. It was established when land prices were sane, so the lot rents necessary weren't screaming obscene. 

What everything is evolving towards is the worst of the British aristocracy, where the Duke or Earl of the realm extracts everything and doesn't care a whit if the peasants are starving. It's never a stable situation.


If you remove our take out the Duke or Earl, the British would routinely replace them with someone much worse.   The people that were the worst of the worst from the boarding schools were sent to far away lands to "beat the savages" into submission.  This method helped work to build the British Empire.

So, if you think "I'll just take out this rich a-hole", someone much worse is going to fill the role unless you have trained a replacement (that can fight off the a-holes).
 
2021-12-20 8:57:26 AM  

I am Tom Joad's Complete Lack of Surprise: Slam-dunk issue for Dems to run against.

Will they?

Let me laugh harder.


They should not.  The most pressing issue facing America is paying for my graduate degree in interpretive dance.  The troubles and travails of actual poor people with their child tax credits and Medicaid expansion is trivial.  I'm the most important thing.
 
2021-12-20 8:57:40 AM  
The government needs to come in and operate these places at a loss. These people are the ones that keep our economy going, the ones who clean the toilet, etc al.
 
2021-12-20 9:19:37 AM  

kkinnison: If they evict her.  How do they expect to have her mobille home unoccupy the land?


The eviction involves a lien on the trailer if she can't or won't move it. If the trailer is left behind, they take possession of it and sell it to settle the back due lot rent. They sell the trailer to someone else, start charging them lot rent, and then evict them when they get behind. Lather, rinse, repeat.
 
2021-12-20 9:32:55 AM  
Universal Basic Income now.
 
2021-12-20 9:42:36 AM  
straight.comView Full Size

Picture ot the trailer park supervisor.
 
2021-12-20 10:27:50 AM  
Yeah, mobile homes are all about fleecing the rural poor.  If you have absolutely no other options in housing, either just rent the trailer so you can conveniently move when need be, or buy it and put it on land that you own.  I mean FFS that lady is paying $460 a month in rent for a small plot of land right next to rail tracks in Michigan.  The land probably isn't worth $10,000 and she's been there for 30 years.
 
2021-12-20 10:37:31 AM  

I am Tom Joad's Complete Lack of Surprise: Slam-dunk issue for Dems to run against.

Will they?

Let me laugh harder.


They might campaign against it, but never actually vote against it.  And don't even think of asking how state and county level Democrats act on things like zoning and such on a local level.

Ok, there is a slight difference.  Democrats will use zoning to help the rich, GOP will skip that and go directly to subsidies.
 
2021-12-20 10:39:25 AM  

Leader O'Cola: Residents will keep voting GOP though.


I checked, and Biden is the current President.  Maybe he should do something.
 
2021-12-20 12:22:38 PM  
There is trailer park near my house.   They are building like mad all around.  The avg price of a new house next it is like $500k.   The city stepped in a few times and will not let a developer by it to tear it down, but it seems the new owners are forcing all the folks to live there to buy new homes (from them of course).    The real plan is to get it empty to build more McMansons like the ones right next to it.
 
2021-12-20 12:24:45 PM  

Dr.Fey: What is that red 2690 thing?

[media.npr.org image 850x565]


A train
 
2021-12-20 12:32:56 PM  

Northern: padraig: I am Tom Joad's Complete Lack of Surprise: Slam-dunk issue for Dems to run against.

Will they?

Let me laugh harder.

Because if there is one thing traler-park renters are known for, it's voting for their own self interest.

This.
Also, these voters were totally unaware that #45 lowering interest rates to dangerously low levels without cause would greatly hasten these types of deals.  I am willing to bet the old couple who sold the park couldn't believe how much it was worth.  The new firm needs to produce a return on investment and paid a lot of money for the park.  So why is she so surprised?  The company likely has an in house attorney who evicts people all day.
I am curious if she has to pay property tax on the mobile home or not?  If not then the lease isn't a bad deal.  Her hourly wage is a crime though.  Should be $18/hour minimum IMHO.


Nobody who rents pays property taxes (directly)
 
2021-12-20 12:47:23 PM  

hoodiowithtudio: The government needs to come in and operate these places at a loss.


Do you make an explicit choice to post in false dichotomies, or is it instinctive by now?
 
2021-12-20 1:02:16 PM  

Fonaibung: hoodiowithtudio: The government needs to come in and operate these places at a loss.

Do you make an explicit choice to post in false dichotomies, or is it instinctive by now?


??

He is calling for them to operate them at a loss on purpose to make them more affordable to those who live there.

Where is the dichotomy? He didn't claim that was the only solution, just a solution and the one he prefers.
 
2021-12-20 1:14:07 PM  
This should be a capital crime with mandatory guillotine or buring alive. I really wish these evicted people would embrace second amendment solutions and go shoot up the offices of the scumbags who do this (or even better murder the CEOs and their families) unfortunately most humans are too weak, stupid, and pathetic to do so. It really passes me off that K12 schools are getting shot up but none of these assholes ever seems to catch a bullet.
 
2021-12-20 1:24:47 PM  

Unknown Subject: This should be a capital crime with mandatory guillotine or buring alive. I really wish these evicted people would embrace second amendment solutions and go shoot up the offices of the scumbags who do this (or even better murder the CEOs and their families) unfortunately most humans are too weak, stupid, and pathetic to do so. It really passes me off that K12 schools are getting shot up but none of these assholes ever seems to catch a bullet.


What makes you think those aren't the families of CEOs? They would have every reason to hide if that were the case.
 
2021-12-20 2:22:39 PM  

chitownmike: Northern: padraig: I am Tom Joad's Complete Lack of Surprise: Slam-dunk issue for Dems to run against.

Will they?

Let me laugh harder.

Because if there is one thing traler-park renters are known for, it's voting for their own self interest.

This.
Also, these voters were totally unaware that #45 lowering interest rates to dangerously low levels without cause would greatly hasten these types of deals.  I am willing to bet the old couple who sold the park couldn't believe how much it was worth.  The new firm needs to produce a return on investment and paid a lot of money for the park.  So why is she so surprised?  The company likely has an in house attorney who evicts people all day.
I am curious if she has to pay property tax on the mobile home or not?  If not then the lease isn't a bad deal.  Her hourly wage is a crime though.  Should be $18/hour minimum IMHO.

Nobody who rents pays property taxes (directly)


But someone who rents an empty lot in a mobile home park and owns the mobile home parked there might.
 
2021-12-20 2:25:15 PM  

Northern: The new firm needs to produce a return on investment and paid a lot of money for the park.


If they can't make money on the investment without turning out the people who live there, maybe they paid too much for the property.
 
2021-12-20 2:26:40 PM  

Smackledorfer: Fonaibung: hoodiowithtudio: The government needs to come in and operate these places at a loss.

Do you make an explicit choice to post in false dichotomies, or is it instinctive by now?

??

He is calling for them to operate them at a loss on purpose to make them more affordable to those who live there.

Where is the dichotomy? He didn't claim that was the only solution, just a solution and the one he prefers.


Yeah thanks, I was going to say, u didn't present any dichotomies, false or otherwise.
 
2021-12-20 2:29:20 PM  

Smackledorfer: Fonaibung: hoodiowithtudio: The government needs to come in and operate these places at a loss.

Do you make an explicit choice to post in false dichotomies, or is it instinctive by now?

??

He is calling for them to operate them at a loss on purpose to make them more affordable to those who live there.

Where is the dichotomy? He didn't claim that was the only solution, just a solution and the one he prefers.


I read it as an attempt at providing a ridiculous alternative: "either we let private sector run it and let capitalism fall where it may, or the government needs to come in and operate it at a loss at taxpayer's expense."

There's certainly a middle ground that minimizes the exploitation of the working poor.

If I misunderstood his intent, my bad on the hostility.
 
2021-12-20 7:09:35 PM  

Dr.Fey: What is that red 2690 thing?

[media.npr.org image 850x565]


It's loud. Very. Especially at Midnight.
 
2021-12-21 7:59:34 AM  

Boudyro: padraig: I am Tom Joad's Complete Lack of Surprise: Slam-dunk issue for Dems to run against.

Will they?

Let me laugh harder.

Because if there is one thing traler-park renters are known for, it's voting for their own self interest.

Who are they supposed to vote for? The party that has no problem screwing them or the party that listens intently to their problem, feels their pain, acknowledges the problem, and the does dick all for them on this issue.

Keep in mind the people directly involved in farking them over own both parties.

We like to look down our noses at these folks, but they are confronted with one side lying to them and saying "it's the lib's fault" and said libs mush-mouthing around the issue and at best making promises they have no intent to keep.

I know that's a BSAB argument, but the difference is that the smarter folks are able to parse that the incremental progress this nation's owners are willing to begrudgingly allow through the democrats is better than nothing. The lunkheads have Fox News blaming the only people even pretending to help them, and traitor party propaganda giving them something they can actually do to "fight back".

It doesn't matter what Fox tells them to do to "fight back" no matter how stupid it is. It's the fact it gives them something concrete to do.


As someone who grew up in a rural, poor area who spent his weekends as a kid in the 90s skirting mobile homes- you hit it on the head.

I will add that back then mobile homes weren't as terrible investment but one of the after effects of the 2008 crash was they became considered to be worse than living in a cardboard box even if you owned the land.  Even Dave Ramsey tells you not to buy one since it will be worthless in about 20 years.
 
2021-12-21 11:42:17 AM  
Your Biden government in action. Cant blame Trump anymore.
 
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