Do we mortgage our future?
Article Abstract:
The lenders commit a mistake by not educating their customers in financial matters and consequently lose out on the customer loyalty. Reference to the changes in the lending policy for factory-built houses in 1995 which drove people to buy houses they could ill afford and which were ultimately repossessed by the lending institution is made. The social and psychological loss to the bank is enormous and gains are only temporary.
Publication Name: Manufactured Home MERCHANDISER
Subject: Construction and materials industries
ISSN: 1047-2967
Year: 2004
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It's the affordability, stupid
Article Abstract:
The damage done to the factory-built housing industry in the United States has been discussed with its causes and consequences. It is emphasized that the fatal state of the industry must be stabilized, and development must be made to America's constantly under-performing industry.
Publication Name: Manufactured Home MERCHANDISER
Subject: Construction and materials industries
ISSN: 1047-2967
Year: 2004
User Contributions:
Comment about this article or add new information about this topic: