It’s been a quiet week for MH-related news. Maybe bank failures and a potential banking crisis are a big deal.

While not MH-related, a very timely article as a follow-up to last week’s Heywood Jablóme post - link here.

Enjoy!

What We Are Reading

Mobile home parks offer refuge from California’s housing squeeze. Who’s watching them? — Stockton, CA

Bobby Riley moved to Stockton Park Village to live out his days in peace. In 2018, the 87-year-old retired construction worker tucked his used camper trailer into the farthest lot of the horseshoe-shaped mobile home court off a tree-lined street in the outskirts of Stockton.

Pocasset mobile home park residents try again to buy land. Judge gives opinion — Bourne, MA

A Superior Court judge has rejected a move to reverse his decision that determined a Wyoming investment firm was the rightful buyer of the Pocasset Mobile Home Park.

Thousands approved to help 'worst living conditions' in Richmond. Why hasn't it been spent? — Richmond, VA

Catarino Salvez Galvez and his family have lived in a mobile home park on Richmond's Southside for six years. The home he owns currently is falling apart. The floor has sunken in, the roof caved, and it has cracked in multiple places.

Belaire trailer park taken over by new owner — Truesdale, MO

Property investor Josh Scronce told Truesdale city leaders last week that he followed through with his purchase of the Belaire Mobile Home Park in February, and is taking immediate action to restore the run-down neighborhood.

‘We’re not living, we’re just existing’: Roadside rest stop becomes makeshift trailer park for homeless — Abbotsford, CA

It’s probably not what you’d expect at a provincial rest area. Weary travellers pulling into roadside rest stops in Abbotsford might be surprised to discover parking lots turned into makeshift trailer parks for those experiencing homelessness.

• ‘Zoom Towns’ Exploded in the Work-From-Home Era. Now New Residents Are Facing Layoffs. (Link)

• The machines are home: Will AI transform residential real estate tech? (Link)

• Volcker Slayed Inflation. Bernanke Saved the Banks. Can Powell Do Both? (Link)

• The 10 US cities where it's hardest to build affordable housing. (Link)

• If Congress Cuts Section 8 Housing, These States Will Suffer. (Link)

• Examining the Connection Between Housing Supply and Homelessness. (Link)
  

Charts Making Us Smarter

Public Markets Corner

UMH Properties, Inc. publishes its 2022 annual report

UMH Properties, Inc. (NYSE:UMH) (TASE:UMH), a real estate investment trust (REIT) specializing in manufactured home communities, announced on March 16, 2023, that it has published its 2022 Annual Report.

Recent Acquisitions

Marcus & Millichap Arranges $2.3M Sale of Vermont Mobile Home Community

Deals We’re Reviewing

Property Size: 303 Sites / 56 Acres

Video Gallery

Rumors of Old Fort Parker being turned into a trailer park have residents outraged

"Maybe we'll all be homeless": Mobile home park residents navigate what comes after eviction day

Large leaning tree worries residents at North Highlands mobile home park

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