"Quality questions create a quality life. Successful people ask better questions, and as a result, they get better answers.” – Tony Robbins
Okay, taking our lead from success coach Tony Robbins, we'll start today with a question in the headline and ask a few more below, then tie it all into our MH Industry.
In response to QE3, consider this statement. “Since the Roman Empire, all fiat currencies have ended poorly,” said Guy Adami, a bullion bull and managing director of Stock Monster. “With that in mind, all roads lead to gold.”
Not to argue, but really? Not to say that Guy, Glenn Beck or others are wrong, but is there an alternative that may also make as much – or more – sense than play it safe gold?
Not long ago, Adrian Ash at Forbes said, “Buy real estate!" It seems like wise Will Rogers once gave similar advice.
Beck has said that an ounce of gold will still buy what it did 150 years ago: two tailored suits. Again, that may imply that gold is stable and safe, but is.jpg)
there a strategy that moves us upward financially that includes our industry?
Yes, there are!
As reported in our Daily Business News brief, Sam Zell may be sounding some alarms. But we don't see Zell's Equity Lifestyle (ELS) shedding its manufactured home communities (MHCs). Instead, they have been buying more MHCs for quite some time.
Do you think Zell knows something we need to know? YouBetcha.
The MH and the MHC businesses used to be much easier than they are today. Does that mean they are bad bets? Au contraire! What it means is that easy doesn't pay well. For proof, just ask the good people flipping burgers.
Disciplined players with a plan, grit, resources and vision are advancing in this economy! Some are profiting handsomely in these very times in our Industry. The fact that they can means you can too. If you lack something you need, it means you have to work to line that need up before you advance.
New blood
Some of these blogs are drafted in advance. Before the digital ink hit this blog with our Thanksgiving Coffee post, one more MH lender called to say they saw the value to the Intro to MH Opportunities Day described in the post linked above. He told me, 'count on us to participate and support' this initiative.
A seasoned portfolio operator also called to praise the project, wants in and offered some insights that could make this even bigger and better. Others MH players are circling.
We are not yet taking registrations, yet the initial "I want to attend" are already coming in.
So far, only one person 'didn't get it.' That's OK! As a HUD Code home manufacturing friend of mine says, "If it were easy, anyone could do it."
Louisville is where it is happening
The industry's best day are ahead. That said, some in our Industry today are sure to be out in the next few years. Some are mired in the past, or are busy pointing fingers of blame.
Meanwhile others – plus that new blood – are in or entering in and are moving ahead. Who says? The savvy players do.
Chained
Another industry colleague called and talked about those who don't make it to events now. He shared a thought I've heard before, one which bears repeating.
Some businesses have gotten down to mom, pop and maybe a helper or two. They may no longer go to the events that could yield the insights that will let them cash in on the tsunamis of business that are heading this way for those who plan and execute to catch the wave.
Be among those who do more than survive, be with those who strive and thrive!
The Midwest Manufactured Housing Federation (MMHF) and show management was right to make the theme for Louisville 2013 the Money Tree. Do whatever it takes to make it to Louisville. Don't miss a minute of the many educational, profit making and business building opportunities. Come for the run of the show if you can, but regardless come.
If you have friends who aren't in the MH Space – but ought to be – let them know about the Intro to MH Opportunities Day linked from the Clayton Homes animation near the end of the Thanksgiving Coffee post.
See why Clayton, the Manufactured Housing Institute (MHI), the National Communities Council (NCC) and others soon to be announced will be.jpg)
part of this upcoming, historic event.
Gold may be a smart strategy to protect assets. But what about real estate or housing? We need more of it! They aren't making more real estate. We need 20 million new housing units by 2030. That isn't fools gold. They are the safe bets made by Warren Buffett, Sam Zell and others that are worth emulating in their business savvy.
I hope you enjoyed Thanksgiving…and coffee…along with friends and loved ones. ##
PS: Check our many Exclusive and Red Hot Featured Articles for November and see the
other new stories and 'Purely Political' cartoons at MHLivingNews.com too.
L. A. "Tony" Kovach
MHLivingNews.com=Re-Discovering and Spotlighting the MHLifeStyle
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Office –815-270-0500
latonyk@gmail.com or tony@mhmsm.com
http://www.linkedin.com/in/latonykovach= connect with me on Linkedin.
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Whether you think you can or whether you think you can't, you're right. – Henry Ford
