LOOK FOR A SPIKE IN THE HOUSING MARKET. BUT… WHERE IT COME’S FROM MAY SURPRISE YOU.
There is light at the end of the tunnel in the housing industry and it’s where you least expect it. Look for affordable housing to turn around strongly in ‘11. With the current and even future political climate where it is today big bucks are yet to be spent in this arena.
And exactly where you ask can we expect to see this anomaly occur? The Manufactured Housing Industry of course. This industry has been overlooked, ridiculed, mis-represented, maligned, degraded, swept under the rug or otherwise mistreated since its inception.
Some old school thinkers continue to regard this 21st century leading edge growth industry as the “Trailer” or at best “Mobile Home” Biz. Well, guess what. The rubber has finally met the road quite literally. No longer do you see the age old “WOBBLY BOXES” of the 60’s-80’s shaking, rattling and rolling down the highways.
Quite to the contrary. What you now see are extra wide and long not to mention heavy structures being escorted by pilot cars from factory to building site on state of the art low boy haulers whereupon the structures will be crane set onto an all inclusive poured in place permanent concrete foundation making them every bit as connected to the earth as any site built structure.With over 77 million Baby Boomers rounding home and 33 million plus X, Y & Zr’s getting on base let there be no doubt. Manufactured Homes are your best bet for affordable entry level and last stop homeownership. Americans still want to own a piece of that proverbial rock in one way or another and this is going to be one of the most practical, quickest, efficient and affordable ways to do it.
There’s lots of money available for this phenomenal growth industry and most of us aren’t even aware of it. It’s all about “Loan To Value” (LTV) and COMPS!! What if I told you that one of the few segments of the housing industry that is comping out in todays recovering RE market is “Manufactured/Modular Housing”?Stay tuned folks…….The best is yet to come. Want to make money in RE? Listen Up. I’ll be writing these little snippets quite regularly from now on. Don’t be left behind on this literally ground floor opportunity. Land, labor and material costs have not been this low since the 80’s.