With the recent presidential election, there’s a lot of uncertainty in the air. Honestly, the whole ordeal seemed like one big rollercoaster. In my own opinion, I think there could have been better candidates. This time around, we just didn’t have much to choose from.
Though, that is in the past. And now we must look to the future. So what’s next?
As it turns out, there’s been a major shift of power. Now the Republican Party has a majority in both the House and the Senate. And the President-elect also represents the Republican party. This means they have control of both the legislative and executive branches of our government. The only thing left is the judicial branch, where another appointment will be made by the next President.
What does this all mean for us mobile home investors?
One word: deregulation.
If you’ve been following the blog, you’ll know about the SAFE Act and Dodd-Frank. You’ll also know about the Preserving Access to Manufactured Housing Act , which has been trying to get passed and has garnered support from the Manufactured Housing Institute as well as many state manufactured housing associations.
(Note: Recently, I received an email from my state manufactured housing association in support of the Act and enthusiasm to help get it passed in light of the election results.)
In fact, this article was recently published citing the President-elect’s plan to dismantle the Dodd-Frank Act. It will be interesting to see what the new administration has planned and what they actually do.
As far as mobile home investing goes, I’m still very optimistic about the future.
There will always be a need for affordable housing…always. This is a fact.
And it will never go away.
p.s. Be sure to check out this article on the “35 Best Niches For Real Estate Investing” (where mobile homes was mentioned). Thanks for reading!
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Interested in learning more about mobile home investing? Be sure to check out my book, thanks for reading!