HUD Sec Turner-'Corporate Takeover of Housing—A Manufactured Crisis'

As a disclosure, this writer is not a socialist and disagrees with the conclusion reached by Jaime Hoerricks, PhD, who is a self-described socialist educator. While Dr. Hoerrick's thesis lacks certain specifics, it nevertheless makes several points that merit consideration, even though the conclusion reached by Hoerrick is arguably wrong. For those who have followed this series for the last roughly 6 months who are detail minded, paltering and similar methods of presentation involves presenting true information that may nevertheless lack other relevant facts that makes an argument presented by a palterer as incomplete or wrong. Similarly, confirmation bias may be at play for Hoerrick, who fails to present certain key facts that will be provided in Part II of this article. Having failed mind reading in high school, at the university level, and since professionally, what ought to be said in fairness is that Hoerrick pitch is worth reading because several points are valid, even if the conclusion is invalid because of missing relevant facts. Hoerrick's article was emailed to this writer for MHProNews and this Patch - apparently for comments and reflections.

Dr. Hoerrick's is reportedly popular among numbers in the socialist, trans, and other circles. Hoerrick's article via that writer's Substack is Part I. Let me stress again, that while I disagree with Hoerrick's conclusions, in my view it is worthwhile for incoming HUD Secretary E. Scott Turner to pay close attention to what Hoerrick said, because others will do so.

From "The AutSide" Substack is Hoerrick's article dated Feb 08, 2025. It is entitled: "The Corporate Takeover of Housing—A Manufactured Crisis and the Case for Socialism" An analysis and commentary by this writer for MHProNews and this Patch along with other topics will follow in Part II.

Part I

The Corporate Takeover of Housing—A Manufactured Crisis and the Case for Socialism

Jaime Hoerricks, PhD | Feb 08, 2025

When I bought my house in 2010, at the tail end of the last housing crash, Wall Street wasn’t interested in single-family homes. The market was littered with short sales, and banks were reluctant to offload foreclosed properties for anything close to their supposed value. The person who lost the house I eventually purchased had been massively over-leveraged, caught in the same cycle of reckless lending and speculative greed that fuelled the 2008 collapse. On paper, I bought the house for 35 cents on the dollar of what the bank claimed to have lost, yet even then, it was clear the numbers didn’t add up. Everything was still overpriced, propped up by financialisation rather than real economic stability. Now, it's so much worse. The housing market has been transformed—not by the organic push and pull of supply and demand, but by a calculated, systemic takeover designed to consolidate ownership into the hands of a few investment firms.
This crisis isn’t just another market fluctuation or housing bubble waiting to pop; it’s the next phase in capitalism’s enclosure of basic human necessities. Housing is no longer even nominally about shelter—it has become a speculative asset class, engineered to generate maximum returns for institutional landlords and private equity firms at the expense of working-class people. The only true solution isn’t tinkering around the edges with rental assistance or affordable housing schemes that only exist to siphon public money into private pockets. The answer is socialism: social housing, nationalised banking, and systemic reform that dismantles the financial structures allowing corporations to treat homes as wealth extraction machines.

Wall Street did not stumble into this moment by accident. They have spent decades positioning themselves, deploying AI-driven surveillance to predict foreclosures before they even happen, using shadow inventory to control home prices, and leveraging financial instruments to force more people into rental dependence. The government’s inaction isn’t incompetence—it’s complicity, allowing the financial sector to dictate housing policy in pursuit of an economy where homes are permanently out of reach for the working class. Today’s article will trace how this crisis was deliberately manufactured, why traditional solutions will fail, and what must be done to resist the complete financialisation of housing. Lenin described imperialism as the highest stage of capitalism, the moment when monopoly finance capital overtakes all aspects of economic life. We are living through that stage now, and housing is its latest frontier. Without intervention, the future is clear: a society where permanent tenancy replaces ownership, and where the masses rent their lives from the ruling class. The question is, are we going to let them get away with it?
The Triple Trap: How the Current Crisis Was Engineered

In the early days of the pandemic, millions of homeowners were offered what appeared to be a lifeline: mortgage forbearance. With businesses shuttered, unemployment soaring, and financial uncertainty gripping the world, 3.2 million people took the deal, believing it was a pause, not a trap. I was one of those offered such a deal. At the time, I had just lost my business and was unemployed, making me the perfect candidate for forbearance. But something about it seemed too good to be true. I read the fine print—what I could understand of it, at least—and it didn’t sit right with me. Confused and wary, I turned the offer down. Thankfully, I did, because as many are now realising, what was sold as a temporary reprieve was actually the first phase in a calculated strategy to force mass foreclosures.

Forbearance was never true relief. The missed payments weren’t forgiven; they were merely postponed, accumulating interest along the way. Meanwhile, property values were artificially inflated, giving homeowners a false sense of security. Many believed that even if they owed back payments, their increased home values would provide them with a cushion. But now, as the market corrects, that cushion is disappearing. Homeowners coming out of forbearance are facing unaffordable mortgage adjustments, with years of compounded debt hitting all at once. The result? A manufactured foreclosure pipeline, primed for corporate acquisition.

At the same time, another crisis was brewing: the home equity line of credit (HELOC) bubble. During the pandemic, Americans “cashed out” $393 billion in home equity, believing they were tapping into newfound wealth. I resisted the urge. I knew that when lenders said, cash out your equity, what they really meant was take on more debt. Sadly, many did not see the trap. The housing market was soaring, and lenders made it easy—practically begging homeowners to borrow against their inflated home values. Now, those loans are resetting, and the true cost is hitting hard.

Interest rates have surged, doubling or even tripling monthly HELOC payments overnight. What seemed like free money has turned into an anchor dragging homeowners toward foreclosure. Even refinancing—once considered a safeguard—became a weapon. Some of the lowest-rate refinancing deals were structured in ways that locked borrowers into unsustainable payment schedules, ensuring that as soon as rates climbed, they would be unable to keep up. My own mortgage rate, once considered high, is now well below the market rate by several points, simply because I chose not to play into the system’s trap. Meanwhile, investment firms have spent the past two years tracking HELOC resets in real-time, positioning themselves to swoop in the moment homeowners are forced to sell.

Compounding all of this is the looming collapse of commercial real estate, a crisis that will send shockwaves through the housing market in ways most people aren’t prepared for. For years, regional banks—those same institutions that finance individual home mortgages—have been sitting on a ticking time bomb: empty office buildings and failing retail spaces. As these commercial loans default, banks will be forced to cut their losses elsewhere, slashing mortgage availability for ordinary buyers in order to stay afloat. This means fewer loans for working class homebuyers, whilst corporate landlords, armed with billions in capital, step in to acquire homes at scale.

The end result is a perfectly engineered cycle: homeowners forced into financial distress, banks retreating from mortgage lending, and Wall Street positioned to seize control of the housing market unopposed. What appears to be a natural economic downturn is, in reality, a deliberate strategy—one designed to transform the American housing landscape from one of individual homeownership to permanent tenancy under corporate rule.

Market Manipulation: How Private Capital Ensures Its Own Success

The coming foreclosure wave isn’t just happening—it’s being orchestrated. The myth of the free market suggests that prices rise and fall naturally, driven by supply and demand, but Wall Street long ago learned how to subvert that process to ensure its own victory. Investment firms aren’t merely reacting to the housing crisis; they are actively shaping it, using mass surveillance, shell company networks, and strategic market control to secure their dominance before most people even realise what’s happening.

At the heart of this operation is AI-driven foreclosure tracking, a sophisticated system that allows corporate buyers to predict which homeowners will default before they even miss a payment. Every mortgage delinquency, forbearance status, property tax delay, and HELOC reset is being monitored in real-time by algorithms designed to pinpoint the moment a homeowner becomes vulnerable. Once a target is identified, investment firms move swiftly, leveraging shell LLC networks to create the illusion of competition. A struggling homeowner might believe they are receiving multiple offers from different buyers, but in reality, those offers often all lead back to the same few firms. These companies aren’t bidding against each other—they’re bidding against the general public, ensuring that individual buyers are locked out whilst they accumulate more and more properties.

Meanwhile, banks are playing their own role in this game through shadow inventory. Unlike 2008, when foreclosed homes flooded the market and triggered a collapse, banks are now deliberately holding back properties, drip-feeding them into the market to maintain control over pricing. Rather than letting home values drop to their actual economic levels, they are carefully managing supply, ensuring that foreclosures are absorbed by institutional buyers before they can be snapped up by individual homeowners. This isn’t just market manipulation—it’s full-scale financial engineering, designed to hand over an unprecedented share of the housing market to corporate control.

At the same time, corporate landlords are using a parallel strategy to drive rents sky-high, ensuring that even those who don’t own homes remain trapped in their financial grip. The process is simple but devastating: they acquire a significant number of rental properties in a given area, then raise rents beyond what the local market would normally sustain. Because these firms own such a large share of available housing, their inflated rent prices become the new market “comparables,” which other landlords then use to justify further rent increases. Within a matter of months, an entire neighbourhood’s rental market is recalibrated to a higher price point—one dictated by institutional investors rather than real tenant demand.

The impact of this artificial inflation is a self-fulfilling cycle. As rents rise, cost-of-living pressures force more homeowners into financial distress, making them more likely to default on mortgages or sell their properties under duress. These distressed properties are then scooped up by the same institutional landlords who created the crisis, further expanding their control over the market. By 2030, investment firms aim to control 40% of single-family homes in major metropolitan areas, permanently transforming what was once a landscape of individual homeownership into a corporate-controlled rental economy.

This isn’t a housing crisis—it’s a hostile takeover. Housing is being systematically enclosed by private capital, stripping working-class people of both the ability to own property and the stability of affordable rent. The market is no longer a competition between buyers and sellers—it’s a battlefield where only Private Capital is allowed to win.

Regulatory Capture: Why the Government Won’t Stop This

The corporate takeover of housing isn’t happening in a vacuum—it is being actively enabled by the state. Private capital’s grip on housing policy is so absolute that no meaningful opposition exists within the political establishment. Lawmakers have no intention of stopping this crisis because the people writing the laws are the same ones profiting from it. The U.S. government has long served as a tool for financial capital, and nowhere is this clearer than in its refusal to regulate the housing market in any way that would challenge institutional investors.

Wall Street’s control over housing policy is not a matter of corruption in the traditional sense; it is systemic. Real estate investment firms and institutional landlords have spent millions ensuring that regulations favour them over individual buyers. The financial sector’s influence extends through every layer of policymaking, from campaign donations to think tanks producing research that justifies market deregulation. And then there’s the revolving door—executives from BlackRock, Vanguard, and State Street move seamlessly between government positions and private capital, ensuring that their firms never face serious opposition. Brian Deese, who spent years as BlackRock’s Global Head of Sustainable Investing, became Biden’s National Economic Council Director, shaping housing and financial policy with Wall Street’s interests in mind. Tom Donilon, another BlackRock executive, was positioned as a key adviser, whilst his brother, Mike Donilon, served as a top strategist for Biden’s campaign. Treasury Secretary Janet Yellen was paid over $7 million in speaking fees from hedge funds and financial firms before taking office. This is not a coincidence—it is a coordinated effort to maintain the supremacy of private capital.

Meanwhile, solutions that could mitigate this crisis are routinely ignored. Rent control, tenant protections, and restrictions on corporate ownership of single-family homes would immediately curtail Private Capital’s ability to dominate the housing market, yet these policies remain off the table. Even mild restrictions—such as requiring more transparency in property ownership or limiting the use of shell companies—are dismissed as unrealistic. The reason is simple: policymakers do not serve homeowners or renters. They serve the financial institutions that own their campaigns, their economic policies, and in many cases, their future job prospects.
The consequences of this regulatory capture go beyond policy failure—it is a deliberate rewriting of the American Dream. For decades, homeownership was sold as the primary path to financial security, the foundation of intergenerational wealth. Now, that narrative is being erased. Private capital is reshaping the U.S. into a nation of renters, where individuals no longer own property—they lease their lives from corporate landlords. This shift isn’t an accident; it’s a strategic realignment of economic power.

The looting of housing isn’t just about short-term profit. It’s about restructuring society itself, stripping people of ownership and placing them into permanent economic dependence. This is rent-seeking behaviour in its final stage. The imperialism that once sent capital outward—into foreign markets, into colonial expansion—has now turned inward. The U.S. economy has run out of external frontiers to exploit, and so the next great financial bubble is being built inside its own borders. Housing isn’t just being commodified—it’s being weaponised against the very people who once believed they could own a piece of it.

The Only Real Solution: Socialism

The housing crisis is not an accident, nor is it a failure of the system. It is the system—capitalism functioning exactly as designed. As long as housing remains a vehicle for profit rather than a guaranteed right, “crises” like this will continue, repeating in cycles that further consolidate wealth into fewer hands. The neoliberal fantasy of housing as a service is nothing more than feudalism with a modern veneer, ensuring that the working class remains permanently locked in serfdom. The road to serfdom isn’t being paved by shadowy communists bent on state control and central planning, as the right so often claims—it is being built brick by brick by rent-seeking capitalists.

Attempts at capitalist fixes will do nothing to solve this crisis. More subsidies, tax breaks, and incentives for homebuyers won’t help—they will only enrich investment firms further, funnelling more public money into private pockets. Every existing housing policy is designed to keep wealth flowing upward, away from the working class, maintaining the illusion of economic participation whilst ensuring that ownership remains out of reach. My generation (Gen X) may well be the last to experience homeownership as a possibility unless something happens soon. The only true solution is to remove housing from the speculative market entirely—replacing the current system with large-scale, government-built and controlled social housing.

Social housing is not an impossibility; it is a necessity. Countries that prioritised public housing—such as post-war Austria and modern-day Singapore—have managed to create stable, affordable living conditions by treating housing as infrastructure, not an investment scheme. The U.S. has the resources to do the same, but capitalism’s grip on policy ensures that any large-scale intervention is dismissed as unrealistic. The reality is that housing will either be controlled by the people or by Wall Street, and there is no middle ground left to compromise on.

Beyond social housing, there is another essential step: the nationalisation of banks. Mortgage debt remains one of the most effective tools for wealth extraction, locking generations of working-class people into financial servitude. Private banks are not merely lenders; they are landlords in disguise, dictating the terms of ownership whilst ensuring that the bulk of home equity is siphoned off in the form of interest. A public banking system, free from profit incentives, could issue fair mortgages, prevent predatory lending, and end the financialisation of housing. The nationalisation of banks would not only disrupt the cycle of economic precarity but also serve as a critical step in breaking the monopolistic power of finance capital.

Finally, we must confront the reality that corporations should not own homes—people should. Mass landlordism is not a natural economic phenomenon; it is a policy choice. Other nations have recognised this and taken action to curb it. In Sweden, state intervention kept institutional landlords from overwhelming the market. In Berlin, mass movements forced the government to consider expropriating thousands of corporate-owned apartments for public use. These are not radical ideas; they are necessary steps to prevent the complete enclosure of housing by capital. Policies such as strict caps on institutional ownership, redistributing vacant properties, and converting rental housing into cooperative or public ownership are essential to reversing this crisis.

The choice is clear: either we allow Private Capital to dictate who gets to have a home, or we dismantle their control entirely. There is no reforming this system. Housing must be reclaimed from the hands of finance capital and returned to the people, not as an asset, but as a human right. Anything short of that is surrender.

Final thoughts …

The crisis unfolding before us is not an accident. It isn’t the result of poor decision-making, market fluctuations, or the natural ebb and flow of capitalism. It is deliberate. The housing system has been engineered to serve private capital, with every financial instrument, every deregulation, and every government inaction designed to ensure that property remains the exclusive domain of the ruling class. This is not a market failure—it is the intended outcome of a system built on extraction, enclosure, and control.

If we do nothing, we are headed toward a future where corporate landlords control vast swathes of housing, where homeownership becomes an impossibility for working-class people, and where rent-seeking capitalists dictate the terms of everyday survival. Wall Street’s strategy is clear: transform housing into a permanent revenue stream, forcing people into lifelong tenancy with no path to ownership, no security, and no real stake in their own communities. The so-called American Dream was always an illusion for many, but now it is being dismantled entirely, replaced with a reality where homes are nothing more than speculative assets in the portfolios of institutional investors.

But this future is not inevitable. There is a path forward, and it begins with reclaiming housing from the clutches of Private Capital. Social housing, bank nationalisation, and strict limits on corporate ownership of homes are not just policy recommendations—they are the only meaningful solutions to a crisis created by capitalism itself. Anything less will only serve as a temporary patch, allowing the cycle of financialisation to continue. The state must directly intervene to build large-scale social housing, not as a profit-driven venture but as a fundamental right. Private banks must be nationalised to end the stranglehold of mortgage debt and prevent further cycles of predatory lending. Corporate landlords must be dismantled, their holdings reclaimed and repurposed for public use, ensuring that housing serves people rather than profit.
For those who want to understand how we arrived here and how we can resist, the answers already exist. Capitalism is neither eternal nor inevitable—it can be dismantled. Below is a reading list of essential texts that provide the theoretical and historical grounding needed to take back our communities and fight for a better future:

• Vladimir Lenin – Imperialism: The Highest Stage of Capitalism (on how monopoly finance capital dominates economies)
• Mao Zedong – On Contradiction (on the internal contradictions that drive systemic collapse)
• Frantz Fanon – The Wretched of the Earth (on colonialism, capitalism, and resistance)
• Kwame Nkrumah – Neo-Colonialism: The Last Stage of Imperialism (on how capitalism extracts wealth from the Global South and working-class communities)
• Walter Rodney – How Europe Underdeveloped Africa (on capitalism’s destruction of economic self-determination)
• Claudia Jones – An End to the Neglect of the Problems of the Negro Woman! (on the intersection of race, class, and gender in the fight for socialism)
• Angela Davis – Are Prisons Obsolete? (on the carceral system as a capitalist tool of control, deeply intertwined with housing displacement)
• Cedric Robinson – Black Marxism: The Making of the Black Radical Tradition (on the historical struggle against capitalism and white supremacy)

The fight for housing is not separate from the fight for socialism—it is the fight for socialism. Capitalism has no answers for this crisis because capitalism is the crisis. The merger of corporations and the state—fascism in its economic form—is accelerating, but it is not unstoppable. The tools of resistance exist. The only question that remains is whether we will use them.

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Jaime Hoerricks, PhD concludes with this: "Remember, when sharing my work, my name is pronounced JAY-mee and my pronouns are they / them / their. Thanks."

Part II - Additional Information with Analysis, Commentary, plus Other Topics

1) Per Jaime Hoerricks, PhD, LinkedIn page: "I have retired from forensic science, but my work continues in the form of thousands of articles, papers, and multiple books. I am now a schoolteacher, a PhD, a storyteller, a poet, and finally—after all these years—out in the open as a trans woman. This act is not the end but a new beginning, one where I fully embrace my identity, my neurodivergence, and the joy of creating. In this act, I weave my experiences into words, offering them to others who might find resonance in the rhythms of this strange, beautiful journey."

2) My purposes here are several, but judging Dr. Hoerricks personally isn't one of them. That said, Dr. Hoerricks is in some ways similar to self-described socialist attorney Fran Quigley. Each has a following. Each is openly stating their case for change. They openly state that they want to influence the population. Given that President Trump and others have warned against socialism and communism in the U.S. for years, it is prudent to discern what may be missing from the thesis of Hoerricks' article. Since Hoerricks is pitching socialism and cited several communist thinkers, let's share these quotes.

Note that among the author's/thinkers that Hoerricks cited were self-avowed communists.

3) The similarities between Hoerricks and socialist pitchman and attorney Fran Quigley will be more apparent to those who read the following that includes his thoughts along with this writer's analysis.

4) That said about Quigley, let's pivot to some quotes from Hoerricks above before pushing onto a critical analysis of what is missing in that writer's article as posted in Part I above. Jaime Hoerricks, PhD wrote this.

"Wall Street’s control over housing policy is not a matter of corruption in the traditional sense; it is systemic. Real estate investment firms and institutional landlords have spent millions ensuring that regulations favour them over individual buyers. The financial sector’s influence extends through every layer of policymaking, from campaign donations to think tanks producing research that justifies market deregulation. And then there’s the revolving door—executives from BlackRock, Vanguard, and State Street move seamlessly between government positions and private capital, ensuring that their firms never face serious opposition. Brian Deese, who spent years as BlackRock’s Global Head of Sustainable Investing, became Biden’s National Economic Council Director, shaping housing and financial policy with Wall Street’s interests in mind. Tom Donilon, another BlackRock executive, was positioned as a key adviser, whilst his brother, Mike Donilon, served as a top strategist for Biden’s campaign. Treasury Secretary Janet Yellen was paid over $7 million in speaking fees from hedge funds and financial firms before taking office. This is not a coincidence—it is a coordinated effort to maintain the supremacy of private capital."

Note that Hoerricks, Joe Biden (D), or for that matter Biden's running mate Kamala Harris (D) are all from the political left. As this writer has documented several times on MHProNews and in ongoing series of articles on this Patch, several prominent Democrats and self-described Democratic Socialists - including former presential candidates Senator Bernie Sanders (VT-DS) and Congressman Seth Moulton (MA-D) - have said that the Democratic Party's leadership has sold out to Wall Street (i.e. big corporate) interests.

5) Put differently, lawmakers Sanders (DS) and Multon (D) - both from the left themselves - are saying that the Democratic Party sold out to Wall Street, meaning, big corporate interests. Dr. Hoerricks then cited some specific examples in the Biden-Harris regime to illustrate that claim.

6) A statement can be true yet can still be incomplete and thus misleading. This is where paltering, confirmation bias, and other logical fallacies come in. This series of definitions helps make the point.

7) In a sense, it doesn't matter if Hoerricks, Quigley, or others in the Socialist orbit realize their errors and/or ommissions or not. The effect is the same. Much that Hoerricks wrote has a degree of validity. But what is missing, among other things, are concerns raised by thinkers such as Hanne Nabintu Herland. Herland makes the argument that elements of the financial elites, "The Billionaire World" are working with Marxists (think socialists and communists too) to serve their own interests.

8) Herland is hardly alone in that view. Justin Haskins, with the Heartland Institute, has made a similar case to Herland's.

9) Wittingly or not, Hoerricks, Quigley, and other socialist pitch people are misleading sizable numbers into thinking that they have an answer for the masses in socialism. But socialism and communism have demonstrably failed in countries like Cuba, the former Soviet Union (U.S.S.R or Union of Soviet Socialist Republics), Communist China, North Korea, and Venezuela. Russia today may be marginally better off than it was under Communism, in part because of its marginally freer markets, although there is plenty of corruption to be found there. Somewhat similarly, Communist China is arguably more of a fascist country in terms of its mechanics, as untold hundreds of billions of dollars of Western capital flowed into Communist China to make that country the financial power that it has become. So, China has kept its communist leadership, but is no longer socialist or communist in terms of how its economy works.

10) Keep in mind that in the former Soviet Union and in Communist China, tens of millions of their own citizens died at the hands of their own government. That is one of several facts that Dr. Hoerricks, Quigley, and others like them overlook, intentionally or not. Hitler's Party was the National Socialist German Workers Party, a.k.a., the Nazi Party. Hoerricks' cited Mao in the references Jaime provided near the end of that writer's flawed pitch in Part I.

11) More could be said, but that's sufficient to make this point. Regardless of the causes in the flaws of the thinking by Hoerricks, Quigley, or others pitching socialism as the answer, they are demonstrably wrong in that conclusion.

But the curiously dangerous part is that part of what they claim is sadly true. There are people who are manipulating the economic system in the U.S. in their own favor and they are 'capitalists' in a dictionary definition sense.

12) For example. Hoerricks' has a point in saying this:

"The crisis unfolding before us is not an accident. It isn’t the result of poor decision-making, market fluctuations, or the natural ebb and flow of capitalism. It is deliberate. The housing system has been engineered to serve private capital..."

"If we do nothing, we are headed toward a future where corporate landlords control vast swathes of housing, where homeownership becomes an impossibility for working-class people, and where rent-seeking capitalists dictate the terms of everyday survival. Wall Street’s strategy is clear: transform housing into a permanent revenue stream, forcing people into lifelong tenancy with no path to ownership, no security, and no real stake in their own communities. The so-called American Dream was always an illusion for many, but now it is being dismantled entirely, replaced with a reality where homes are nothing more than speculative assets in the portfolios of institutional investors.

But this future is not inevitable. There is a path forward, and it begins with reclaiming housing from the clutches of Private Capital. ..."

13) Part of my expertise is in the arena of affordable manufactured housing. Quigley has at times mentioned it, but at least in the article above, Hoerricks' did not mention manufactured homes (sometimes mistakenly confused with "mobile homes" or "trailer houses" both of which predated manufactured housing). Another thing that Hoerricks' failed to mention is that if there is indeed a deliberate market manipulation occurring, and there is evidence to support that claim, then a series of laws may have been broken that include RICO, antitrust (anti-monopolization, which can include oligopoly style monopolization), possible SEC violations, and more. The Department of Justice (DoJ) and/or state attorneys general can and should take legal action. Hoerricks' and Quigely apparently miss that point, for whatever reasons.

https://www.manufacturedhomeli...

14) But there is something else that Hoerricks, often Quigley, and others miss. That is the utter need for millions of more HUD Code manufactured homes. The free market in the U.S. is hardly free, Quigley oddly but aptly observed. The system is rigged, as many on the left, and several on the right - including President Trump - have said. People like Robert Reich (D) are quite adept at making their case for the system being rigged, but then oddly fail to point out that Democrats like Biden-Harris are working hand-in-glove with the very billionaires and corporate elites that have rigged the system, as Hoerricks pointed out in Part I.

15) It is often what is left out that is the key to truly understanding and solving the issues raised by numerous leftists. Thank God, enough people in the 2024 election understood that at some level and voted against Kamala Harris (D) and Tim Walz, who are also both quite far to the left.

16) Wittingly or not, several on the left are playing a kind of word or shell game. By only telling part of the story, and leaving out key details, they are trying to make the case for socialism (or communism) when those systems demonstrably don't work. They are also often leaving out the fact that many of those billionaires and corporate elites are funding the campaigns of those socialist or leftist candidates. Meaning, the evidence apparently supports what Hanne Herland, Justin Haskins, and others like them have factually explained. The system is rigged, the socialists and Marxist agitators are in the pockets of the corporations a.k.a. "Wall Street."

Herland came out strongly in favor of Trump after her research pointed out the problems with what the leftists are saying, and failing to say.

17) There are former (and current) leftists that have come to a similar realization as Herland and Haskins, rejecting the thesis of pro-socialist people like Hoerricks or Quigley. For example, professor Joel Kotkin, a longtime liberal and former left-leaning Washington Post writer, has argued that yes, the U.S. is slipping into a kind of new feudalism (a.k.a. 'neo-feudalism). But Kotkin is among those that point that that it is often leftist policies that have undermined the American Dream that Hoerricks, Quigley, Reich and others also say is slipping away, but without completing the story.

18) Some weeks ago, this writer shared a video clip that included an episode of Paul Harvey's famous "the rest of the story." It is that 'rest of the story' that must be understood before acting by supporting, believing, or voting for people like Hoerricks, Quigley, Reich and others who are either mistaken or misleading, take your pick.

https://patch.com/florida/lake...

19) Secretary Turner is now in place at HUD. He can either fall into the kinds of traps that people like the purported crony capitalists behind the Manufactured Housing Institute (MHI) lay out or not. Turner can either see the clarity and consistency of the Manufactured Housing Association for Regulatory Reform, or not.

20) There are people that I like and respect that I may still have some disagreement with on this or that topic. Sometimes those are on relatively minor issues, sometimes larger ones. In an imperfect world, we have to make pragmatic decisions based on solid evidence, not mere whim or superficial niceties. Some quite pleasant people I met turned out to be manipulators. Some rather unpleasant people I've met have turned out to be routinely dependable. Author and speaker Matthew Kelly has a point.

21) When there is a class of financial elites that have boatloads of cash, operations like BlackRock, Vanguard and State Street that Hoerricks aptly cited, one has to be leary of what the motivations are behind the words and deeds of those making a pitch to the public. If it could be said in half the words or less, I'd do it. But sometimes detail is needed to paint the complete picture.

22) The affordable housing crisis can't be solved with million of more HUD Code manufactured homes. That has been documented and so far no one has stepped forward to debate the data or evidence.

23) The facts have been known by the federal government for over 50 years. See the reports linked above for the details. Since 2000, about 5.5 million manufactured homes were not built that were being built before in the mid-to-late 1990s.

24) Dr. Hoerricks is correct in saying that financial interests have created these conditions. One of the early articles by this writer in this series, about 5.5 months ago, made a similar point, quoting a higher profile MHI member, the notorious but sometimes correct, Frank Rolfe. Rolfe and others have gotten wealthy by tapping into an underproduction of affordable manufactured housing and the under-development of affordable manufactured home sites. Rolfe said he blames MHI, but also says that there is a lack of will to solve the affordable housing crisis.

HUD Secretary Turner can do a few things to help with this problem.

a) He can make a referral to the Department of Justice (DOJ) to do an antitrust investigation.

b) Secretary Turner can politely listen to what MHI has to say without trusting or believing them, realizing that they purportedly played his friend, colleague and predecessor, Dr. Ben Carson.

c) Turner doesn't have to play into the hands of anyone. He can simply enforce the law, which is what he said he would do. If HUD Secretary Turner does that, he will begin to fix the affordable housing crisis just as soon as he puts the Manufactured Housing Improvement Act of 2000 (a.k.a.: MHIA, MHIA 2000, 2000 Reform Act, 2000 Reform Law) into effect.

d) Secretary Turner can make sure that the FHA is doing its part to finance HUD Code manufactured homes via both Title I and Title II lending programs.

e) Turner can recommend to Congress, the FHFA, and others that the Duty to Serve (DTS) manufactured housing made law by the Housing and Economic Recovery Act of 2008 (HERA) is fully and properly enforced for personal property (home-only or chattel loans).

There is always more to know.

25) This writer can't say why Dr. Hoerricks or others miss these points. There are many possibilities. But what is certain is that people like Hoerricks, Quigely, Reich, and others routinely either check to see what others have said about their writing personally and/or they have associates doing it for them. Thus far, Quigely and Reich haven't responded publicly, to this writer's knowledge. Will Hoerricks? Time will tell.

26) The affordable housing crisis can't be solved without millions of more manufactured homes. Several reseachers have said that market manipulation is involved. It is past time for federal and state officials to get serious about looking into those market manipulation concerns. James A. Schmitz Jr and his colleagues have been writing about that since at least 2018. Their most recent deep dive report into manufactured housing and manipulation of the market is linked below.

If economists like Elena Falcettoni, James A. Schmitz Jr, and Mark L. J. Wright say that without millions of more HUD Code manufactured homes that the affordable housing crisis can't be solved, believe them. If they say that without millions of more affordable manufactured homes, we will only see more homelessness and poverty, believe them.

There is always more to know. To learn more, see the linked reports. For more on affordable housing and other subjects, see the select items that follow. Thanks for checking in.

https://www.manufacturedhomelivingnews.com/scott-turner-confirmed-secretary-of-housing-and-urban-development-official-hudmanufactured-housing-association-for-regulatory-reform-mharr-news-releases-manufactured-home-generational-wealth/

Scott Turner Confirmed Secretary of Housing and Urban Development-Official HUD+Manufactured Housing Association for Regulatory Reform (MHARR) News Releases; Manufactured Home Generational Wealth

> Romano-U.S. Trade War with Mexico and Canada Lasted 1 Day. Trump Won.

> Urge Senate to Work 7 Days a Week Until Trump's Cabinet is Confirmed!

> ‘Endemic Mismanagement of HUD Manufactured Housing Program’ Nom Turner

'Restoring and Expanding Affordable Housing Role of Manufactured Homes'–MHARR Letter Cites 2000 Reform Act, "Enhanced Preemption" Much More...https://patch.com/florida/lake...

> Big Govt, Big Pharma, Big Food made Americans Overweight and Unhealthy

> Virginia Bishop for ‘Well-Regulated Borders’ Amid VP J.D. Vance Rumble

> Romano-Trump Bans DEI In Federal Govt—States And Corporations Are Next

> How Republicans Should Follow Through on Tough Talk on Immigration

> NPR=87 Registered Democrats in Editorial Positions and No Republicans

> President Donald J. Trump’s Official 'America First Priorities'

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> Rubio Senate Replacement Ashley Moody (FL-R) Gets Key Assignments

> Trump Plan: Make America Safe, Affordable, Restore U.S. Values for All

> NPR=87 Registered Democrats in Editorial Positions and No Republicans

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> Official Manufactured Housing Production from 1995-2023-Why it Matters

> Anna Paulina Luna (FL-R) and Barry Loudermilk (GA-R) MERIT Act Insight

> Executive Orders on Investigating Biden Censorship & Weaponization

> Floridian Dr István Dobozi Strikes at Trump Again in Magyar Article (Another critical analysis - fact check).

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> Why do Liars Lie? Why do those Engaged in Paltering and Spin Palter?

> Controversy-Manufactured Housing Institute-Lesli Gooch-Mark Bowersox

> ‘Mobile Home Values Rising Faster Than Single-Family’ House-Wow Fact$

> Realtor-What Is a Manufactured Home? The Next Step Beyond Mobile Homes

> Orlando RE Agent Smith-Younger Adults Will Need $8500 Monthly for Rent

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> Rob Romano-Time To Declassify Everything, Or Another RussiaGate Ahead

> Contemporary Tips from Legend Paul Harvey-Surprising Rest of the Story

> Alert: Is Affordable Housing Linked Scandal at Champion Homes Brewing?

> Report: Biden-Harris Federal Agencies Spent Millions Torturing Cats

> Lesli Gooch Ph.D.-Award, Coverup, Headfake, Scandal? Rest of the Story (Manufactured Housing Institute linked)

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> ALG Unpacks Trump Pitch to Cut Drug Costs by Cutting PBM Middleman

> Is there Evidence that God Exists? Evolution vs. Intelligent Design

> Democratic Voters-Closer Look at Biden’s Acts Before Biden-Harris Exit

> Christian Leaders-Signs of 4th 'Great Awakening' Millions go to Jesus

> Attorney John Morgan - Democrat Megadonor on Kamala Harris Campaign

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> USA Today - David Plouffe and Dem Advisers on Kamala Harris Revelation

> Majority OK Trump Transition-Mass Deportations-Tariffs- Is it Hopeful?

> Niskanen Center Praises Manufactured Home ‘Cost Savings’ and ‘Quality’

> Alice Carter-The Northern Forum-Deporting Immigrants & Housing Crisis

> Cartoons-Kamala Day 1, DOGE the Swamp, Brainwashing, & Out In the Cold

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> The Creepy Line-Peter Schweizer-Dr. Jordan Peterson-Dr. Robert Epstein

> Secret State Miniseries - Fictional TV Series Shed Light on Reality

> Trump Transition Team Asked to Prioritize Affordable Housing Issues

> Top 10 States for Homelessness & Top Cities for Crime=Shocking Lessons

> WashPost-American Dream Fades But Assoc CEO Mark Weiss Shows Solution

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> Blankley-Goodbye American Dream? Only 10% Polled Can Buy a House; But

> Frank Rolfe-Special Interests ‘Don’t Want to Solve Affordable Housing'

> TARK-‘I’m a Teen and Know the Solution to Affordable Housing Crisis’

---> Renting? Rent too High? Odds Are DOJ Suit vs RealPage Matters to You

> New-Certified “Half Price Homes” - Affordable Housing Solution Redux

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> Solution: “Would-Be Homebuyers Need 80% More Income Than 4 Years Ago”

L. A. “Tony” Kovach is a publisher who has earned multiple awards in history. He and his family live in a manufactured home on private property in Winter Haven, FL. He is the co-founder of Manufactured Home Living News.com (MHLivingNews.com) and Manufactured Home Pro News.com (MHProNews.com), trade publications serving segments of the manufactured home industry. Having worked in several segments of the manufactured home industry for over 3 decades, Kovach is a widely acknowledged and often praised expert on manufactured housing. ###