In a message dated 11/23/2004 8:51:23 A.M. Eastern Standard Time, [EMAIL PROTECTED] writes:
the purchase of mobile home parks AK:
Are you suggesting we co-develop modular housing in UC? Wherever there is a
vacant lot, we drop a double wide and go Section 8. The anointed will have an
opportunity to lead the less fortunate by example. No more community gardens
that harbor trash and founder based on the motivation of the current crop of
matriculating do-gooders.
I believe that the Unions have effectively "zoned" modular housing out of existence anywhere in the city. I don't believe that you could even "build" on on your own lot if you wanted to.
Were that not the case, modular housing doesn't even need "Section 8" support. With the average home construction cost in the US (don't know Phila's current costs) now pushing north of $190,000, a modular home at a cost of $100,000 is a significant price reduction.
Contemporary modular hosing looks surprisingly like the homes constructed just north of Market behind Aldi.
This price differential is one of the main reason why Warren Buffett has now moved his Champion Homes (a manufacture of modular housing) into financing the products of other modular manufacturers; ending a long-time practice in the industry.
The real problem in Philadelphia is the fact that the city still has a MASSIVE overstock of housing. Philadelphia's population continues to drop -- now down to roughly 1.5 million people -- and the net effect is the continued abandonment of properties. Just walk around University City and you find "onsies and twosies" of abandoned properties. True, prices "close in" have gone up BECAUSE the Center City area is "full" and people are widening their circle of demand. NTI is committed to "clearing title" on a lot of this property with hopes that someone WILL develop it to meet this demand.
Meeting that demand with modular housing would be a very effective way to meet demand of lower income individuals, but the Unions who run, and have run the City for years, will never permit it.
T.T.F.N. William H. Magill [EMAIL PROTECTED] [EMAIL PROTECTED] [EMAIL PROTECTED] [EMAIL PROTECTED]
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