Four members of the U.S. Congress, including high profile figures, and an indicted man are among the fresh and ongoing revelations related to the Manufacturing Housing Institute (MHI) and its CEO, Lesli Gooch, Ph.D. Evidence and allegations that some $4oo,ooo was paid to Gooch as part of a claimed $25 million dollar scheme is found from a source shown herein below. It is but one part of a broader investigation into the interconnected causes of the manufactured housing industry underperformance produced for MHProNews via inquiries on Bing AI’s research system. So, despite the razzle dazzle distraction of being named ‘almost’ as a “Woman of Influence” by HousingWire, Gooch continues to be dogged by documents and other evidence involving apparent conflicts of interest obviously harmful to many of the manufactured housing industry’s independents, perhaps hundreds of thousands of residents in manufactured home communities (MHC), and millions of renters and others seeking affordable housing that could include the sales of potentially millions of more manufactured homes over the next few years. But instead of enjoying a robust and sustainable growth, the manufactured home industry is struggling in yet another 21st century downturn, the second in 5 years. Who benefits from this pattern of activity? Based on evidence produced by attorneys and other named/linked sources herein below, companies that are often either MHI members and/or are members of MHI “affiliated” state associations.
These and other interrelated issues involving and impacting manufactured housing will be systematically examined and carefully unpacked through this exclusive report involving an expert Q&A process by MHProNews with Bing’s AI research system. Every aspect of the headline and more interlaced issues will be explored in this in-depth report with analysis and expert commentary.
There has been increased buzz by some in mainstream and trade media about regulatory capture and other issues that seem to be limiting the U.S. economy. On 10.9.2023, MHProNews asked Bing’s AI Chat system a series of questions on what are the possible costs, risks, and harms connected to the historic underperformance of manufactured housing in the 21st century. Some potentially bombshell issues were raised by Bing’s responses, which began as follows. An analysis of this series of Q&As will follow, with this writer for MHProNews as the source asking Bing’s AI the questions as shown.
Per Bing’s AI system began with this answer to how much the cost is to the U.S. economy as a result of a lack of more affordable manufactured housing.
According to a report by Manufactured Home Pro News, the lack of affordable housing is costing the U.S. economy around $2 trillion dollars annually 1. The report suggests that this cost is due to the following reasons:
- Reduced productivity: When people are unable to find affordable housing, they are forced to live in areas that are far from their workplace. This leads to longer commutes, which can reduce productivity and increase absenteeism.
- Increased healthcare costs: People who live in substandard housing are more likely to suffer from health problems such as asthma, allergies, and other respiratory illnesses. This can lead to increased healthcare costs for both individuals and the government.
- Higher crime rates: People who live in substandard housing are more likely to be victims of crime. This can lead to higher crime rates in certain areas, which can have a negative impact on property values and local economies.
- Reduced educational attainment: Children who grow up in substandard housing are more likely to have lower educational attainment levels. This can lead to reduced earning potential and lower economic growth.
- Increased homelessness: When people are unable to find affordable housing, they may become homeless. This can lead to increased costs for social services and law enforcement.
In addition, a report by the National Low Income Housing Coalition suggests that there is a shortage of 7.2 million affordable and available rental homes for extremely low income renters 1. This shortage has led to an increase in homelessness and housing insecurity across the country.
1: Manufactured Home Pro News, National Low Income Housing Coalition
> “I’m sorry, Bing AI, but you mentioned MHProNews in the above I don’t see an actual link to MHProNews in your source material above. Can you clarify that with the appropriate linked report and research? Also, in what context did Cavco Industries make that claim that a lack of affordable housing was costing the U.S. economy about $2 trillion dollars annually?”
I apologize for the confusion. The report by Manufactured Home Pro News can be found at 1. The report suggests that the lack of affordable housing is costing the U.S. economy around $2 trillion dollars annually.
Cavco Industries made the claim that a lack of affordable housing was costing the U.S. economy about $2 trillion dollars annually in their January 2023 investor relations (IR) presentation 1. The report by Manufactured Home Pro News also cites this claim in their article 1.
The report suggests that this cost is due to several reasons such as reduced productivity, increased healthcare costs, higher crime rates, reduced educational attainment, and increased homelessness 1.
Please let me know if you have any further questions.
> “There seems to be increased buzz by some in mainstream and trade media about regulatory capture. Define regulatory capture and explain how that may be influencing the manufactured housing markets lack of 21st century performance as contrasted to the industry’s 20th century performance.”
Regulatory capture is a phenomenon where regulatory agencies, which are supposed to regulate industries, end up being influenced or controlled by the very industries they are supposed to regulate. This can lead to a situation where the regulatory agencies end up serving the interests of the industry rather than the public interest 1.
In the context of the manufactured housing market, regulatory capture could be influencing the industry’s lack of 21st century performance as contrasted to its 20th century performance. According to a report by Manufactured Home Pro News, the manufactured housing industry has been facing several challenges in recent years, including a lack of affordable financing options, zoning restrictions, and regulatory barriers 1.
The report suggests that regulatory capture could be one of the reasons why these challenges have not been addressed effectively. The report argues that some regulatory agencies have been captured by industry interests, which has led to a lack of effective regulation and oversight 1.
Furthermore, the report suggests that this lack of effective regulation and oversight has contributed to a decline in the quality of manufactured homes and a lack of innovation in the industry. The report argues that this decline in quality and innovation has made it difficult for the industry to compete with other forms of housing, which has led to a decline in demand for manufactured homes 1.
It is important to note that these are complex issues that involve multiple factors. However, regulatory capture could be one of the factors contributing to the manufactured housing market’s lack of 21st century performance as contrasted to its 20th century performance.
1: Manufactured Home Pro News
- fhfa.gov 2. consumerfinance.gov 3. ftc.gov 4. alliedmarketresearch.com 5. manufacturedhousingassociationregulatoryreform.org 6. fhfa.gov“
A Short Segue on Allied Market Research
> “You cited Allied Market Research. Hasn’t there been reporting that questions the accuracy of their research?”
Yes, there have been reports that question the accuracy of Allied Market Research’s research. However, I could not find any specific report that questions the accuracy of the report cited in my previous response.
If you have any further questions or concerns, please let me know.
- alliedmarketresearch.com 2. bing.com 3. ipvm.com 4. alliedmarketresearch.com 5. clutch.co 6. alliedmarketresearch.com 7. bbb.org 8. glassdoor.com 9. trustpilot.com 10. globenewswire.com“
I could not find any information that suggests that the Manufactured Housing Institute (MHI) has called into question the accuracy of reports by Allied Market Research in the manufactured housing industry. However, Allied Market Research’s research has been questioned by some sources .
If you have any further questions or concerns, please let me know.
- alliedmarketresearch.com 2. manufacturedhomepronews.com 3. manufacturedhomelivingnews.com 4. manufacturedhomepronews.com 5. linkedin.com“
> “Excuse me, but beyond those sources like IPVM.com that says that Allied Market Research is “scam research,” didn’t Manufactured Home Pro News also call into question the accuracy of Allied Market Research’s reports?”