“Folks may not be able to do repairs themselves, and if someone comes at them with the right offer, it can be tempting to take,” he said. “In the aftermath of a disaster, folks are flooded, those land values are depressed, and if you have capital, there’s economic opportunity there,” Gunter said, adding that lower-income communities often live in disaster-prone areas such as flood plains.
North Carolina Housing Coalition Executive Director Samuel Gunter said it’s not uncommon to see property investors “start snatching stuff up,” after a disaster because they see a chance to make money. In an emailed statement, Time Out said rents were raised consistent with current market rates and that some of the additional revenue will go toward community improvement. At the same time, the county was one of the hardest-hit areas during hurricanes Matthew in 2016 and Florence in 2018.Īll but two of the properties are in Lumberton, where residents say an affordable housing crisis caused by the hurricanes has been exacerbated by Time Out, a Fort Lauderdale, Florida-based company. Time Out owns 23 properties in low-income Robeson County, many of which were bought in the past two years.
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“ If I had to pay $465 I couldn’t even pay the lights in this place,” he said, gesturing to the dim lighting inside his trailer, where trash bags covered windows to keep the trailer cool on a sweltering 100-degree day. With a fixed Social Security disability income of about $791 a month, Lesane said it’s impossible for him to pay that. Mobile home 1 residents hit with soaring rent after hurricanes With that snapshot, let’s dive into what the left-of-center ABC News and AP News report said their new report about Time Out Communities. The first video below is one of their promotional items. Readers can be updated, based upon any follow up from Time Out Communities, LLC. Hours later, as of publication time, there has not been a response. MHProNews has reached out to the firm for comment about the report below. The left-of-center Washington Post also has a new article today that headlined, “ Mobile home 1 residents hit with soaring rent after hurricanes,” after the “ Florida-based company Time Out Communities bought the park 1…” The Better Business Bureau (BBB) has no ratings for the fairly new brand.
The article reported claims that the elderly and veterans were being put out by the Time Out’s purportedly aggressive actions. Heartland news previously said, “ The reason the lot rents are rising are due to a purchase of the two parcels of land by out-of-state investors Time Out Communities, LLC” in a report dated June 28, 2018. The firm’s website says, “ Our communities are clean, safe, family friendly, and affordable.”īut that’s not the image being projected by a report by ABC News or the Associated Press (AP). Among the firm’s listed? Time Out Communities, LLC.
One of a kind event with top-notch education and endless networking,” says a post on the Manufactured Housing Institute (MHI) website. “ Join MHI and top-level executives from the companies below at the 2018 NCC Fall Leadership Forum. Collage by MHProNews, with elements credited as shown provided under fair use guidelines.
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