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I'm holding mine long as I bought most of my shares close or below current tanked prices. I agree that buying low makes sense. If we have another recession I have enough cash for a good buying spree as I did during the last recession.

For that scenario stay away from conventional manufacturers. See my next post for why.

 

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5 hours ago, Rich&Sylvia said:

ELS, SUI - I visited one of their holdings in Arizona - I was not impressed.  But people have to live somewhere.

 

These have gone up significantly, do you see these continue to increase?

What has caused them to increase in the first place?

 

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1 hour ago, TLRam1 said:

These have gone up significantly, do you see these continue to increase?

What has caused them to increase in the first place?

 

These kinds of companies are relatively new, profiting by taking advantage of mobile home park tenants who are captive clients in the parks they buy. The tenants have a substantial asset that's locked in place because mobile homes aren't very mobile once they're put in place and relocating them is very expensive, assuming you can find another place to move them to.

These companies buy existing Mom and Pop mobile home parks or occasionally build new ones.  The ones they buy are usually owned and managed by the same families who built them back in the day when doing so was easy and cheap.  Then they managed them over the years in a manner that provided a stable long term environment for the park and the tenants.

The profits are generated by dramatically increasing the rents on existing tenants.  Or in the case of a new park, initially offering low initial rents until the park fills up, then dramatically increasing them.

This places tenants, many of whom are elderly or on fixed incomes, between a rock and a hard place.  They can stomach the increased rent if they can afford it, try to sell their home at a reduced price due to the increased rent or abandon it in place and let the park take ownership as abandoned property.

From the investor's perspective (jump ahead to 2:50 for his Ten Epiphanies):

https://www.mobilehomeuniversity.com/videos/why-we-got-into-and-stayed-in-the-mobile-home-park-business.php

And a look from the resident's viewpoint:

https://www.theguardian.com/lifeandstyle/2015/may/03/owning-trailer-parks-mobile-home-university-investment

Edited by Lou Schneider

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2 hours ago, TLRam1 said:

These have gone up significantly, do you see these continue to increase?

What has caused them to increase in the first place?

 

I'm no guru and can't tell the future.  Given that 10,000 people are said to retire everyday and very few have saved for retirement, I think the chances are good that a demand for low cost housing will continue.

They were probably undervalued to begin with - sort of like storage companies were undervalued about seven or so years ago.  

During the 2008 recession, I found that many of the mobile homes were bank owned.  When tenants bailed out, banks owned the mobile home but still had to pay rent to the park ownership!  Boy, did the banks ever cut prices to unload mobile homes at that time.  

(We had a broker that sold vacant repossessed mobile homes for the banks - which is a long story for another time.)
At any rate, I have a certain amount of respect for mobile home living and parks.  At the same time believe that there is room for the organized purchase of parks to continue and eventually become abusive and probably detrimental to investors.

 

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I did find it, thank you.

BUT that is a Looonnngg post, I am not much for reading a long post in a forum. I like it much better if it can be condensed to a short summery.

Normally an article is full of fluff and just a few sentences will tell the whole story. Believe me I would like to read it, just a lot to read there Mr RV.. 

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Well, my Marijuana stocks are worth about half of what I bought them for. A friend who went in just sold at a 65% loss because he bought high!

Just a word about my philosophy about long term investments. Like Tesla, which I bought in 2010 on IPO at $17.00, and two more buys within months at $22.5 - $24.00 I ended up after selling some up front to get my seed money for 15 X my investment, this one will look like a dog for the first two years as I mentioned elsewhere here. If one looked up TSLA full price chart the first two years did nothing. Just like ACB and NBEV are doing now. But watch us in two years. I could be wrong but I believe they can weather the initial doldrums well. Follow these to see if I win or lose within a couple of years. As I always say, don't play with any more than you can afford to lose. They look like dogs now.

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Yep. It may go lower but the Marijuana stocks and ETF are all way down. They may go down even more. Can't time it perfectly.

 

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Look at TSLA the first two years:

http://X2jxmy5l.png

It looked a lot like ACB now. That doesn't mean I'm right. But I can afford to lose the money or I would not be investing it. I'm in Flux now until we are settled in our new home, but I'm all cash other than those two, and need to decide on a new portfolio.

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It took a while after prohibition ended too. I was just reading about fake CBD harming folks. Both vapes and oils/edibles. Fakes or dangerous chemicals will get folks to migrate to legal, where legal, as the fakes increase in the back alleys.

https://www.bing.com/search?q=fake+cbd+poisoning&qs=AS&pq=fake+cbd+&sk=AS6&sc=8-9&cvid=33A87F8B687644658DD2A2B821ADD4B3&FORM=QBRE&sp=7

I want my medicines reliably processed and safe. This includes package labeling. I just want off my NSAIDs and 5mg Flexeril. They cause me to bruise more easily because they thin blood and disable platelets some. Here's the chocolate bar still in my fridge in CO. It had ten squares, we both tried it twice. Each square is one dose:

GlOSRCnl.jpg

jqGGgTKl.jpg

Another incentive for legalization, besides tremendous revenues, is that the same folks with weed for sale illegally will have other really harmful hard drugs available when they are out of weed.

Our ignorance about the laws not working is that kids can get illicit drugs easier than beer. I don't drink or smoke anymore and being high or needing a drug to relax does not appeal to me. And there's no hangover with edible weed.

 

Edited by RV_

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As I said when I sold my 1000 shares of Tesla. Tesla will get over $400.00. We needed to move here ASAP! I'm 67now, and it doesn't get any easier to move as I get older. Anyway, if any of you bought Tesla and held it through now, I am sure you're very happy. Musk's Orion capsule docked with the ISS fine as a pre Mars unmanned test, Boeing tried and lost the capsule! That combined with their stopping production of the 737 does not bode well. I'm meeting with some folks to see if it seems worth it to get some ideas in managing my liquid assets. Anyone besides my family stay the course on Tesla?

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Derek I'm still kicking myself for not getting in back when you recommended Tesla to everyone.  My parents  were adults during the great depression,  their " lessons learned" rubbed off on us kids. My present mutual funds are doing very well though.

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Tesla had dominated most of this thread and it just pulled out of a one year slump and not only hit over 400 as I predicted for 2019, but it is now at $468.00. I needed to buy a house and new AWD Subarus for our move out of the South and sold at $348 in late 2018! My son just sold out at $460.00. Now while I wait for my new long shots to mature in 2021, I'm looking for a bear market to buy index funds in and hopefully near bottom.

Good luck out there with your investments, I hope some of you bought Tesla at $400.

Edited by RV_

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10 hours ago, RV_ said:

Tesla had dominated most of this thread and it just pulled out of a one year slump and not only hit over 400 as I predicted for 2019, but it is now at $468.00. I needed to buy a house and new AWD Subarus for our move out of the South and sold at $368 in late 2018! My son just sold out at $460.00. Now while I wait for my new long shots to mature in 2021, I'm looking for a bear market to buy index funds in and hopefully near bottom.

Good luck out there with your investments, I hope some of you bought Tesla at $400.

Why get a Subaru? You should get in line for the Tesla Cyber truck.

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Ryno, sorry I missed your question. First we were moving in the coldest part of Winter and spring. I bought the 2019 Forester cash in Mar 2019 before our move. At the same time I found a nice 2006 high mileage Subaru Baja Turbo. They were discontinued in 2006 and most were run hard and put up wet, it made the trip up here from Louisiana, but started the dreaded head gasket leak so I poured another $4900.00 in it. I am planning on getting a Tesla AWD truck or AWD Model 3. Selling the Subaru Baja would be no problem with new remanufactured heads and bottom end. But the big money investments must wait until we're done updating and remodeling our new home. We've plenty cash reserves with our proceeds after the move from the sale of our five acre homestead and our inherited cash and sale of the inherited three acres and home. But right now I've time to shop our Tesla be it a truck or a Model 3. I want to be sure of my appreciating assets before investing a large part of my reserves in my BEV, never mind two Teslas. I am hoping to catch great sales on investments in the bottom of a bear market when stock and index funds are at their lowest. I don't have a lot of experience with other companies as I had with Tesla, Apple, and Microsoft. My discretionary funds were put into a long term, minimum three year investment in ACB when it was low, as well as NBEV. When Marijuana becomes federally legal nationwide we will see taxes collected and the industry take flight along with soaring profits from stock bought when it was low. I thought that would happen in late 2019 but it will be another year before sensible federal laws prevail. I'm fine. No loss or profit until a stock or fund is sold. I follow the advice to buy low sell high. It's all, I know. Once those are earning, I can take some and do the Tesla/s.;)

Edited by RV_

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Tesla (TSLA) closed today at $524.86! I'm tickled for all my friends that held on and are still holding. Sure was a buy opportunity last year.

On 05/31/2019 Tesla closed at $185.16!

Today, 7.5 months later $524.86. Had we decided not to move here, we'd still be holding our 1000 shares. And smiling. Remember there are no gains or losses until you sell. If you did sell during, and because of, the prolonged short attacks of hyperbole, you should be very upset with them for scaring you, and you for being susceptible to biased negative press. And let's face it, there are more than a few that hate from jealousy of the stellar achievers. Everyone here knows folks that mock and adhere to wild conspiracies about Bill Gates, Steve Jobs, and yes even Elon Musk.

I wish each of you reading here all the best for a bright future! May there be success at every turn of life and all your dreams come true!

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