Over the years I have reprinted articles from newspapers, magazines and websites decrying modular housing but this one has moved to the head of the line and I can’t imagine another one ever taking its place.
This article is from Hammond, LA’s Daily Star of March 22, 2017.
Modcoach Note: Parts highlighted in RED by me are why I call this the strangest article about modular housing ever!
BY TORI PAJARES firstname.lastname@example.org | 0 comments
Independence Mayor Angelo Mannino asked the board last month to consider allowing modular homes within the town limits. He said many young couples have asked to live in modular homes in town.
Residents opposed to the idea attended the town council meeting last week to voice their own opinions.
Dale Brouilette, a resident and former council member, put together a presentation for the council. He said he does not consider a modular home to be the same thing as a mobile home.
"Years ago, about 1980, a mobile home weighed about 36,000 pounds. A modular home the same size weighed about 80,000," Brouilette said, citing information he had researched on the topic.
Unlike mobile homes, a modular home maintains its value, can be insured like a regular home and must meet regular home building standards.
Brouillette said Tangipahoa Tax Assessor Junior Matheu and two real state agents told him the addition of a modular home might actually increase property values in some parts of town, but areas with $200,000- $350,000 homes would be negatively impacted.
A 1,200 square-foot modular home costs $80,000, which comes out to $62.60 per square foot. A double-wide with 1,800 square feet would cost $145,000, which is $80.56 per square foot.
"Now you can buy three-fourths of the homes in Independence for $145,000," Brouilette said.
Using First Guaranty Bank Financing as an example, Brouilette said the bank requires these homes must be immobilized on a slab and the property must be owned by the person buying the home. The bank is willing to finance only 75 percent if the home is new, Brouilette said.
Considering the price of the double-wide, this would not be feasible for most individuals.
"The bank would only finance $108,750. You would have to have $36,650 in your pocket, not to mention closing costs," he said. "The idea of you giving a young couple a chance to buy a home, or get in a first-time home, I don't see it. I don't see where you gain."
Two residents agreed the addition of modular homes held no benefit to the town.