While I like to focus on articles for the newsletter, sometimes it’s the charts that really speak to me. I have received a lot of feedback from readers that find certain charts helpful, fascinating, etc. Maybe it’s the Baader-Meinhof Phenomenon in effect, but this week I have come across an inordinate number of charts that make me do a double take. Record household cash balances, check! Record credit card debt, check! Record real house prices, check!

Enjoy!

What We Are Reading

The Goods - Manufactured Housing

Auburn’s Swann Mobile Home Park residents forced to move

Dozens of people living at Swann’s Mobile Home Park are being forced to find a new place to live after getting a 30-day notice that the landlord is selling the property.

Phoenix could help mobile home residents at risk of displacement, draft report says

The city of Phoenix could be stepping in to help mobile home residents facing displacement.

The City Manager’s Office issued to the city council and the mayor on Nov. 1 a draft research report outlining how the city can help mobile home residents facing imminent displacement and reduce the risk of similar situations in the future.

Mobile Home Park Residents Fear Impact of Sale to West Coast-Based Investor

Owners of Ray’s and Engleside mobile home parks are selling the parks to Pacific Current Partners.

Yampa Valley Housing Authority one step closer to owning Whitehaven Mobile Home Park

The Yampa Valley Housing Authority expects to close on a deal to buy Whitehaven Mobile Home Park on Nov. 30, with plans to eventually turn ownership back over to residents in the future.

Trailer park residents stunned by potential eviction

Peter and June Voth love their home at Parkside Village in Altona. It’s cozy and affordable, and their neighbours have become their closest friends since they moved here eight years ago. The walls are covered with family photos, to remind them of all the memories they’ve made here.

Rent relief could be on the way for National City mobile home residents

Residents of a South Bay mobile home park are once again speaking out about their rent.

As of August, tenants have been paying nearly 30% more than what they were already paying. On Tuesday, city council inched closer to relief with a temporary solution.

General Real Estate News

• KPMG: The Pandemic Housing Bubble is bursting—U.S. home prices falling 15% looks ‘conservative’ (Link)

It’s the Economy, Stupid

• Inflation Isn’t Going Anywhere. History Says It Could Take a Decade to Get Back to Normal. (Link)

Regulatory and Affordability

• Rent stabilization, affordable housing measures approved across several US cities. (Link)

• Red and Blue States Voted Yes to Affordable Housing Measures. (Link)

• Congress Returns to Capitol Hill Today to Finalize FY23 Budget and Address Other Priorities before Next Congress Begins – Take Action! (Link)

Charts Making Us Smarter

Public Markets Corner

Flagship Communities Real Estate Investment Trust Announces Third Quarter Results

Flagship Communities Real Estate Investment Trust ("Flagship" or the "REIT") (TSX: MHC.U) (TSX: MHC.UN) today released its results for the three and nine months ended September 30, 2022. The financial results of the REIT are presented below in accordance with International Financial Reporting Standards ("IFRS"), except where otherwise noted. Results are shown in U.S. dollars unless otherwise noted.

Manufactured Housing Properties Inc. Announces Results for the Three and Nine Months Ended September 30, 2022.

CHARLOTTE, N.C., Nov. 16, 2022 (GLOBE NEWSWIRE) -- Manufactured Housing Properties Inc. (OTC: MHPC), which acquires, owns, and operates 55 manufactured housing communities containing approximately 2,565 developed sites, today announced operating results for the quarter ended September 30, 2022.

Recent Acquisitions

Mobile home parks sell in Colonie for a combined $3.1 million

Marcus & Millichap : Brokers the Sale of a Manufactured Home Community in Hinesville for $7.6 Million

Video Gallery

Swann Mobile Home Park residents forced to move

Nearly 20 eviction notices issued in Mahomet mobile home park

Mobile home park residents struggling with rent in National City; city approves renters protection

Blue Valley Mobile Home Park community is protesting plans for an industrial park to be built

Residents say NE mobile home park to ban ‘large breeds of dogs’ after Wednesday’s attack

Social Section

Sponsored By —

Elevation Capital Group, and its affiliates, (“Elevation”) focuses exclusively on two niche property types: Mobile Home Communities and Self Storage Facilities. Elevation, through its affiliates, has acquired properties worth more than $600 million and has owned more than 200 properties across more than 30 states. To learn more about Elevation and their current investment offering, click here.

Contact us at [email protected] for sponsorship inquiries.