MoveMyMobile

7년 전discuss

It wouldn't be a direct war in the sense everyone is thinking. The US has several strategies published regarding war with China with the most likely strategy being one of containment, not outright invasion. I'm saying that the open markets and globalization that has happened over the last several decades (And is now being reversed) is the reason we have had relative peace (No war between larger powers) since WWII

MoveMyMobile

7년 전discuss

War probably. The issue with disconnecting our economy from China is there will no longer be anything stopping a full fledged war in the South China Sea

MoveMyMobile

7년 전discuss

From what I have read (Im no expert on this) I think they basically have to mine dirt and then put the dirt in a slew of toxic chemicals that break down everything but the rare earth minerals. It leaves the issue of having large amounts of toxic chemicals that need to be disposed of. So any country with lax environmental laws don't have this huge cost (For example CHina just dumps it in the rivers where in the US you would need to spend large amounts of money disposing of it properly.

MoveMyMobile

7년 전discuss

I work as an agent in the commercial real estate space. Usually referrals happen when one agent who let's say specializes in office (for example) finds a lead/listing in Industrial, multifamily, etc (That they aren't well versed in). Usually I've noticed 20% (of the commission) is about the standard fee if you get them a listing. Most often however referrals aren't concrete and no sale actually comes out of it. This is because you have to convince the owner to sign a listing with the person you are referring and they are probably already getting contacted by competing brokers who already specialize in the space. I've only had 1-2 referrals work out for me. You'd want some kind of way for agents to list their specialty and maybe a list of done deals (of that property type) to show experience. I've noticed on the commercial side that Generalists (Who do everything) NEVER get referrals. No one will refer for example the sale of an office building to an agent that lists everything, the refer to the office broker who specializes in it. I have an idea for a Real Estate site (I've put it on the back-burner) that nobody is doing right now because from my experience the tech savvy guys who can build this kind of thing are not privy to the high end investment sales market (Investment properties that are at least $2 million) There is a certain culture and way of doing things that isn't really easy to understand unless you've worked in it.

MoveMyMobile

7년 전discuss

The reason for the high rates for mobile homes is due to the depreciation of the home, the difficulty in being able to reposses it as well as the low credit ratings of most of the borrowers who live in mobile homes. It's not just rich billionaires trying to rip poor people off, there are many factors at play in the industry that need to be addressed. Another issue is how to appraise/value a mobile home. There are currently no standards for appraising the value and most appraisers are inexperienced in mobile home valuation. Not only that but the fact mobile home values are effected by lot rents by the parks makes it even more complicated.

MoveMyMobile

7년 전discuss

There are free market solutions to the problem with mobile home parks. Even from an economic standpoint there is a huge inefficiency in the industry to the benefit of the landlords.

MoveMyMobile

7년 전discuss

Zanny,

I am working on a startup to change this. Although the cost to move is extremely expensive, a knowledgeable tenant may find the competing park down the street will cover the cost of the move. I know this does not change their situation of being in a mobile home park but it gives tenants options and forces mobile home parks to compete.

MoveMyMobile

7년 전discuss

I work in this industry and can tell you alot of the mobile home value is determined by the lot rent it sits on in land-leased communities. For example if you had a $70,000 mobile home in a mobile home park and lot rent is raised from $300 to $400 then the value of the home will also fall since purchasing it comes with an increased rent payment. There is arbitrage opportunity in moving a home (In only some instances since this can cost anywhere form $3k-$20k) into a park with lower lot rents or even private land.

MoveMyMobile

7년 전discuss

I've been a real estate broker specializing in this property type for 5 years. I've noticed the trend of large private equity companies like Blackrock buying mom and pop parks and raising rents or redeveloping the property leaving the tenants out in the cold. The cost to move a mobile home is on average $5k - $20k forcing many tenants to abandon their homes. I have a small startup called movemymobile.com that addresses this issue. We currently are finishing up our MVP and should be done within two months.

comments