Friday Freakout ‘California Trigger Warning’ and Friday Forecast ‘The Next Housing Crash’ Videos with Ray Dalio Praised Patrick Ben-David; plus Manufactured Home REITs, Markets Investing Update

FridayFreakoutCaliforniaTriggerWarningFridayForecastTheNextHousing CrashVideosWithRayDalioPraisedPatrickBen-DavidPlusManufacturedHomeREITsMarketsInvestingUpdateMHProNews

“Patrick is one of the most exciting thinkers I’ve had the chance to converse with,” said billionaire investor Ray Dalio about Patrick Bet-David, in a quote from his website. “I believe in and follow Patrick Bet-David. He has the drive and the fire to make a difference,” said Steve Wozniak, Co-Founder of Apple per Valuetainment. Bet-David is a self-described Iranian-American. He says he has lived in several parts of the U.S., including California, Texas, and Florida, but names other places in the first video below. For those who know Iranian-Americans, they are often highly motivated, informed, well-educated, driven and passionate people. In the pages of MHProNews, some of the Iranian-Americans featured have included MHARR’s founding president Danny Ghorbani, the former Department of Justice antitrust assistant attorney general Makhan Delrahim, and of course this publication’s co-founder, Soheyla Kovach. Bet-Davis in these two videos posted below provides his unique take on two hot topics. “California, This Video May Trigger You – Watch At Your Own Risk” (8.1.2022) and “Another 2008 Housing Crash – Or Worse? Real Estate Bubble Explained.” Among those Bet-David on – and ‘takes apart’ – with his pages of economic, mortgage and housing data is Dave Ramsey’s view that housing won’t take much of a hit. “Patrick’s” forecast is also posted below. These two recent videos have had over 2 million views on YouTube alone.


The Next Housing Crash

Two of the evidence-based topics Patrick makes on his site are “High Interest Rates Equals Low Interest In Buying A Home.  Mortgage Demand Falls To Lowest Level In Over 20 Years” and the second video above, “Another 2008 Housing Crash – Or Worse? Real Estate Bubble Explained.”

In one of his PowerPoints, Bet-David states: “Today’s economy is like a very dense forest

  • There are a few big trees that catch all the sun and rain
  • A few big companies that hire most of the good talent
  • It’s hard for new younger trees to grow up
  • The big companies buy out or crush the competition.”

That same Bet-David PowerPoint said:

Here’s what is happening today

  • Inflation hits 40-year high of 8.5 percent
  • Gas prices jumped 48 percent year over year
  • rental rates have increased for eight consecutive months
  • The average rent for a two-bedroom home in the U.S. is about $2,000, according to research from — up by 22 percent year over year basis.
  • Groceries are up by 10 percent year over year

The speaker-author entrepreneur is apparently among those who believe that the U.S. is already in an recession as it has long been traditionally defined: two quarters of Gross Domestic Product (GDP) contraction. But Patrick points out that historically various economic contractions – such as recessions, market crashes and depressions – have been opportunities in disguise for some. As an example, he noted that: “Companies that started During economic downturns • uber, slack and Airbnb all started after the great recession crash in 2008.”

Per Ben-David:

quotequotationMark198x33010 steps make millions during a market crash

  1. Monetize fear
  2. the lazy, arrogant & Overleveraged will be filtered out
  3. Become bankable
  4. Strength in numbers
  5. create a cause your company can rally behind
  6. Cut the fat
  7. find your running mates
  8. Double down on positive distractions
  9. Equip your team with all possible audibles
  10. Increase your level of urgency


Additional Information with More MHProNews Analysis and Commentary in Brief

MHProNews has covered several of these topics in 2022. There is a split on the notion of a hard fall to the housing market, as Bet-David himself notes. Some fall into the camp of gurus like anti-manufactured housing financial coach, Dave Ramsey who think any hit on housing will be mild, because there is an inventory shortage. Some of the reasons why Patrick believes the impact on the housing market could be harder than that are cited above.

It is useful to look at the thinking of others, including the successful. This publication is not necessarily endorsing the possible conclusions Bet-David suggests. That noted, it would be foolish to think that his scenario isn’t looming. Reports linked below are reasons to ponder his arguments seriously.

But note that Bet-David never mentions manufactured housing. It is one of those professions that could be nearly recession proof, if the leadership of an operation – or the industry at large – were solid.

Unfortunately perhaps for manufactured housing, giant investors such as Warren Buffett have taken an interest. In Buffett-World, there are some similarities to the analysis of Bet-David and that of “Warren.” Warren has said that downturns are opportunities too. So, with that in mind, Buffett has arguably fostered downturns and/or taken advantage of downturns, in concert with his allies that include William “Bill” Gates III.



There is a distinction to be made between what people think of as history and what is authentic history.

There is a distinction to be made between what some believe are success methods and what is actually occurring in a given marketplace, nation, or the world.

It would be foolish to think that when some believe in the value of downturns and retain large sums of liquid assets – as Buffett-led Berkshire Hathaway does – that they won’t take advantage of poor economic conditions. MHProNews correctly predicted that COVID19 would turn into a bonanza for a few and it did.

Manufactured housing could outperform several segments of the marketplace. The industry should be roaring, but for over two decades has been relatively snoring. While it isn’t the only factor, one must ponder the impact of the biggest moat-builder in the mix, Buffett’s Berkshire and his related and allied brands. Why? Because the Buffett-method, said Bill Gates, is to find weaknesses in markets and then exploit them.

This statement is revealing. A parasite feeds on its host. Bill Gates admits he thought ill of Warren Buffett. But they got together on numerous business, nonprofit, and political levels. Clearly, whatever held Gates back he overcame. What he didn’t say in this quote is that Buffett changed. There is an inference that Gates learned from Buffett and embraced that parasitic business model.
The Financial Times’ Robin Hardin said he once admired Buffett, but now sees him as an enemy of the free market capitalism, not it’s savior.


The graphic above and some others can be opened to a larger size in many browsers. Click the image once to open a new window, and then click that image again to see the larger size.

Since Buffett’s Berkshire formally entered manufactured housing, the HUD Code manufactured home industry has been underperforming ever since.  An apt illustration is the one below.

Ironically, Skyline Champion’s own investor pitch-deck provides ample evidence for manufactured housing industry underperformance. That same pitch-deck further provides evidence that Mergers and Acquisitions are a key part of their business model. What is there in such revelations that Birch and Williams miss? Bear in mind, that they are mere stand-ins who voluntarily raised their hands in defense of Berkshire and MHI firms like Skyline Champion. Notice: Several of the illustrations shown in this report can be opened in many browsers to reveal a larger size. To open this picture, click the image once. When the window opens, click it again to reveal the larger size photo. Use your browsers back key to return to the article.


Coincidences? Hardly.


What the late Senator William Proxmire said about D.C. politics could well be applied to business too.


For greater insights, see the linked reports.

Programming Note: a series of 2022 market data that is manufactured housing specific is planned for the days ahead.  It will cover a range of issues that should be of keen interest to marketers, advocates, researchers, and others. Stay tuned.

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Note, our normal capture of market data and related headlines malfunctioned. Our apologies for the glitch. Yesterday’s and other recent market and industry-connected reports are linked below.


Stoller’s Big Claims Public ‘Has Had Enough’ of the ‘Billionaire Factory,’ Offers ‘Closing Billionaire Factory Down’ ‘Private Equity Running America for Four Decades;’ plus MH REITs, Stock Updates

Nonprofit AFL Suit Reveals Claims of ‘Proof’ Government Officials Are Colluding with Big Tech Despite Constitutional Safeguards; plus MHVille REITs, Equities, Investing Update

Kari Lake Goes There, Twitter Explodes-BDE–Big Dick Energy, Joe Kovacs Report Extolls Virtue of Manly Appealing Candidates with Character ‘Gutsy’ ‘Fantastic;’ plus MHVille REITs, Stocks Update  

‘Just the Facts’ UMH Properties, per SEC filings, MarketScreener Reports Growth via Opportunity Zone Fund, REIT’s Manufactured Home Sales Reportedly Drop Sharply, Rental, COVID Impacts Assessed

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That’s a wrap on this installment of “News Through the Lens of Manufactured Homes and Factory-Built Housing” © where “We Provide, You Decide.” © (Affordable housing, manufactured homes, stock, investing, data, metrics, reports, fact-checks, analysis, and commentary. Third-party images or content are provided under fair use guidelines for media.) (See Related Reports, further below. Text/image boxes often are hot-linked to other reports that can be access by clicking on them.)

All on Capitol Hill were welcoming and interested in manufactured housing related issues. But Congressman Al Green’s office was tremendous in their hospitality. Our son’s hand is on a package that included a copy of the Constitution of the United States and other goodies. Tamas has grown considerably since this photo was taken. 

By L.A. “Tony” Kovach – for MHProNews.
Tony earned a journalism scholarship along with numerous awards in history. There have been several awards and honors and also recognition in manufactured housing. For example, he earned the prestigious Lottinville Award in history from the University of Oklahoma, where he studied history and business management. He’s a managing member and co-founder of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and This article reflects the LLC’s and/or the writer’s position and may or may not reflect the views of sponsors or supporters.






Pew Research Ironically Illustrates Decades of HUD Failure ‘Equity Action Plan’ ‘Small Mortgages’ and Manufactured Housing; plus Manufactured Home REITs, Stocks Daily Business News Update

Follow the Money Trail in Manufactured Housing, Recent Nonprofit Research Reports on MHVille Shed Light on Manufactured Housing Industry Potential and Woes; plus Sunday Weekly Headlines Recap


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