Blog

Blog: Blog

People love to say, “You bought that park for $600,000 and now it’s worth $3.66 million? Must be nice.”

It is nice. But it wasn’t magic. The purchase price didn’t include the $300,000 in capital improvements we invested. Nor does it reflect the 45 dumpsters of garbage we hauled away to make the property habitable. And during COVID, when half the residents stopped paying rent, the “value” of the park became purely theoretical — because no one would have bought it in t...
Read More

Restricting rents won’t preserve affordable housing

  In 2014, we acquired a 40-unit manufactured housing property that was only 70% occupied for $715,000. Low rents didn’t equal affordability — they reflected deep dysfunction: The septic system and well required full replacement Two rental homes and six apartments needed complete rehabs Trash service required 75 full-sized dumpsters Roa...
Read More

Why Cities Often Resist Manufactured Housing — and Why We Shouldn’t

Cities have long been skeptical of manufactured housing communities. The reasons are usually the same: 1. Aesthetics: They’re not viewed as “attractive” compared to newly built housing. 2. Tax revenue: They generate far less property tax than dense multifamily or commercial development. 3. Age and complexity: Many communities predate modern zoning codes, making enforcement &...
Read More

Aligning Investment Incentives

If you’re an accredited investor living in Oregon, there’s a unique...
Read More

“The housing crisis will never get better.”

Actually—that’s not true. In fact, with the right policy framewor...
Read More

Tiny Homes Have Huge Potential — But the Industry Needs Oversight

  I believe tiny homes have enormous potential to help solve our affordable housing crisis. But without proper regulation and oversight, that potential is being undermined by bad actors. Too many “new” builders are advertising unrealistically cheap housing costs — often without accounting for transport, setup, utilities, or required permits. Some even attack the manufactu...
Read More

Low Rents and Affordability

Will “Low Rents” Really Make Housing Affordable? As a manufactured housing operator, our rents are almost always among the lowest in the market. But when we buy a property, the rents are often too low — and so is the quality of life. Every acquisition we make requires significant reinvestment: upgraded utilities, capital repairs, and improved community infrastructure. Those ...
Read More

Do We Still Need Evictions?

For 18 months, evictions were totally illegal At one point, we had almost $500,000 in past due rent, and ZERO ability to enforce any collection activity. At the same time, bills were due, mortgages had to be paid, and employees needed payroll We embarked in a new direction when it came to non-paying tenants: we called them. We asked why they weren't paying rent, and if there was anything that w...
Read More

How Do You Build a Community?

  Every homebuilder claims to “create community.” They design subdivisions with playgrounds, walking paths, and community centers — but those are aesthetic shortcuts, not actual community. The truth is, most homebuilders are trying to manufacture what can only be cultivated. A community isn’t built from the ground up — it grows over time. Like a garden, it n...
Read More

Low Rents Aren's Always Affordable

I bought a park in Washington in 2016 for $600,000 Two years later we refinanced at a value of $1,600,000 I still own the property; I've refinanced it twice, most recently at a value of $2,500,000 The park has been an absolute home run financially What about the rents? When we bought the park: 1) The sewer/water bill was almost $10,000/month 2) The roads were in bad condition, forcing tenants t...
Read More
Interested in Investing?