Issue link: https://read.dmtmag.com/i/420183
DECEMBER 2014 25 THE JOURNAL No. 13on Get It Quick Page Well what about it? This obviously ill informed broker is only 40 years behind on her terminology and light years behind on her knowledge of improvements to real property. First, the Housing Act of 1974 forever changed the term mobile home to manufactured home, and all homes built in a factory to the HUD code homes which were shipped after June 1976 carry this terminology. Secondly, every real estate expert worth their salt knows virtually all improvements to real estate lose value over time. That includes site built homes, modular homes, manufactured homes, office buildings, com- mercial structures, high-rise buildings, virtually anything that is attached to the ground. Ask any licensed appraiser or other qualified expert in real estate val- uation. While it's true the physical structure may decline in value with time and use, the real estate beneath it may indeed, increase the value of the combination thereof. So, what looks like an increasing value of some structures, virtually all of it comes from an increase in the land value. Edward "Eddie" Hicks, lic. RE Broker, and Lic. Mortgage Broker has been a manufac- tured housing community developer and industry consultant, retailer and home manu- facturer since 1963, and is currently the sales manager for a seniors Age 55+ m/h condominium homesite community in Central Florida: Hidden Harbor on Lake Harris. He may be reached at (813) 300-6150 and at easteddie@aol.com His websites are: www.mobilehomepark.com www.factorybuilthome.com and www.fha207m.com \ 24 T J Jan 21 - Jan 23 Louisville Manufactured Housing Show Kentucky Fair & Exposition Center, Louisville, KY Contact: Dennis Hill (770) 587-3350 Feb 8 - Feb 10 2015 MHI Winter Meeting Hyatt French Quarter, New Orleans, LA Contact: Cheryl Berard (703) 558-0668 Feb 25 2014 Alabama Manufactured Housing Industry Hall of Fame Ceremony Bevill State Community College, Hamilton, AL Contact: Doris Hydrick (334) 244-7828 Feb 25 - Feb 27 2015 CMHI Annual Convention, CMHI Board and Foundation Board Meetings, Jack E. Wells Awards Banquet Renaissance Esmeralda Resort & Spa, Indian Wells, CA Contact: Kim Lear (951) 683-4053 Mar 25 - Mar 27 Tunica Manufactured Housing Show Roadhouse Casino and Hotel, Tunica, MS Contact: Dennis Hill (770) 587-3350 Apr 14 - Apr 16 2015 National Congress & Expo Paris Hotel, Las Vegas, NV Apr 22 - Apr 23 MHI of South Carolina Annual Convention The Hilton Hotel, Columbia, S.C. Contact: Andrea Westmoreland (803) 771-9046 ext. 5 Jun 14 - Jun 16 2015 MHI Summer Meeting Capital Hilton, Washington, D.C. Contact: Cheryl Berard (703) 558-0668 Send your events to: news@journalmfdhousing.com Calendar of Events JANUARY FEBRUARY MARCH APRIL JUNE