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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: JB2 who wrote (45604)	2/3/1999 2:33:00 PM
From: Bonnie Bear	Read Replies (1) \| Respond to of 132070

manufactured homes-the new ones- are gorgeous- there's a stick homebuilder mafia that wants people to think that a manufactured home is inferior. Let's see their houses go down the freeway at 70 mph! A high-quality manufactured house is indistinguishable from a stick-built house...I kinda think that many of the ugly mobile home parks with good locations will be overhauled with time. They are more socially acceptable here in the west where the average house is a one-story rancho built on a slab foundation. Remember that there is no such thing as no maintenance headaches, and residents are increasingly litigious. Unless you have the stomach for evicting little old ladies, ask a good CPA/enrolled agent how to exchange the apt building for reit shares..I'd heard that can be done, but it didn't come from an enrolled agent. You can probably play the game where you can exchange the apt building for a subdividable multifamily property, claim one as primary residence every two years and sell them off tax-free..maybe useful if you have large basis. You can also do this by turning an apartment building into a condomimium complex...fairly simple for a real-estate attorney to do.

To: JB2 who wrote (45604)	2/3/1999 2:50:00 PM
From: Bonnie Bear	Respond to of 132070

JB: another thought...our whole economy is based on consumption. It's mother's milk to the average american...many buy manufactured homes like cars, they trade them in for new ones at regular intervals..in a park it's a way to get an all-new house without having to move the kids away from their friends. So you should think of the manufactured-home industry like a baby Ford or Toyota. Folks like Centex are looking at a huge market in Mexico. Retirees love the parks because there's a sense of community that is missing from the rest of America, they keep the rented space but trade up to a new home. Greenspan must love them...he can use the rental price of a twenty-year-old trailer in a Nebraska winter for his CPI model. -ggg-