The Los Angeles Times from Los Angeles, California • 173

ESTAT Cos Allgele9 Sunday November 6 1983 Homes and Industry Part VIII MflliE III i i At 1 1 I I AIDA Conference Two-Story Manufactured House Makes Debut Annual Show Gives Evidence of ''teof System Has Come a Long Way Aattf 16614A 1741' 0- By TERENCE GREEN Tirne8 Staff Writer '1 4i11-9 -4 a -kr PI 4 'LTiku- ft 1 7 4 ll I eott r--trtia i 4' A- 'v-- iP)ilch 7 g7 AaA grit' 1 A Leer Sees Mid-1950s Rates by '90 440 4 i6 3 c' 400- A Ts r- 0 11 7 A- I -4 tlail -M- 1- ii "ti 6 1 li Or': 4-- in vt 0 ttplit Arr -ZI eni-'''': -i---- -----2V----------- 001' II OP 1 1 11 ft 0AtterZ: i li wworatz 441- -t1: 7 -I I If If the slogan "You've come a long Lit i way baby" hadn't been appropriat) -1 fit 1614'i 1 a A ed by another product it could be 1 i Iv -t 5 4414 0 ttr st 1 I Iii -Orr 4i6- used very nicely by the manufac- 1 tured housing industry z-4- A-- 9 4 ----0-04P ON ii It is a thought that undoubtedly -----L-7- ---41- 11s2 441 A will run through the minds of many 410-10 -Ambri visitors to the 31st annual Manufac- 'yr- inc4-71(1L LL tured Home and Recreation Vehicle i Num a giii Show Dodger 1 111 I likely in the form "They've sure 1 11 aieltR come a long way haven't I 4 while looking at a two-story 2800-square-foot Victorian house i-- that was built in a Southland facto- first two-story home in the '--1 4 show's history The other 32 manufactured homes on display are one-story mostly built for placement on per- itAiritmok manent foundations on privately owned land and ranging from about story Victorian-style home built in a Fountain to 2000 square feet in size be fo Almost half less an 3o Valley factory shown in artist's rendering andb3a sr 6 olik wry -44 S' 41h 1 1 a 1 1 "II INIIIIINor 44" ----01-g444 1 A-------------7------ 11111 --1---- v4 ----4--- 441 'llPilb- c- 1 rz 1 itaiM I 1 I I 1 1101 II -t -----114 5y Sitil 1 7 ---r-- am vatitliolo number are in the 816000 to 818000 range Joint sponsors of the show are the Western Manufactured Housing Institute and the Recreation Vehicle Industry Assn In addition to the 33 manufactured homes shown by 12 companies 97 manufacturers are showing 817 campers trailers motor homes and other recreation vehicles while accessories and supplies are exhibited in 210 booths The show opened to the public Saturday and will run through next Sunday The hours every day are 10 am to 7 pm and admission is $4 for adults 82 for children 6 through 12 and free under 6 What is today manufactured housing probably began during World War II when the "house trailers" developed in the 1920s and widely used during the Depression for low-cost housing were bought in Please see HOUSING Page 20 A highlight of the 31st annual manufactured housing show at Dodger Stadium is this two Fantasy Bumps Into Reality in 'Global Frog Hop' of Private Islands The German who owns it Dieter Cathman has other homes as does Prince Sharam Pahlevi Ria nephew of the late Shah of Iran and owner of D'arros an island in the Seychelles with another large residence This owning a string of would have appalled 19th Century philospher and naturalist Henry David Thoreau who idealized islands and living "the life of a solitary man" with minimum luxuries But Fessier observed "Most (sellers) want $1 Please see ISLANDS Page 9 By RUTH RYON Times Staff Writer It's a poor man's dream a rich man's private island The "perfect philosophic Nabisco wafer" as writer Michael Fessier Jr described it: a layer of rock and weed upon a layer of fantasy For one Caribbean island in the news these days there is also a layer of trouble For Fessier though there was only beauty and intrigue on what he called his "great global island frog trips in five weeks that took the 43-year-old Santa Barbaran to private islands from Ireland to Tahiti through the Indian Ocean and then to the British Virgin Islands "Most of the time I imagined myself living on the islands though I never spent more than about a day on any of them" he said "The idea of an island is that you spend as much time as you want on it in peace and quiet but we were on a tight schedule" He and a photographer were on assignment for Islands a bimonthly Santa Barbara magazine started in 1981 by David Fritzen a self-depicted "Fresno country boy" who also started Unique Homes one of the world's largest real estate magazines nitzen sold Unique Homes to finance Islands after he went to Kauai and realized that a magazine about islands might have wide appeal because he said "nearly everyone has a fantasy about owning and living on an island" What Fessier found out with the help of the German island-selling team of Boehm Vladi in Hamburg and what he revealed in the October and Novem By ELIZABETH CHRISTIAN The country's interest-rate structure will be similar to that of the 1950s by the end of this decade according to Arthur Laffer developer of the Laffer Curve chief proponent of supply-side economics and a fiscal mentor of President Ronald Reagan "There is a major trend coming in monetary policy toward stabilizing interest rates letting them come down very slowly" he said "Can any of you imagine what Southern California would look like with 3 30-year mortgage rates? You'd be able to walk to San Diego on rooftops!" Laffer made his comments as the keynote speaker at last week's American Land Development Assn ALDA conference at the Century Plaza Hotel in Los Angeles "The real problem of this economy is not the big deficit That's a symptom" he said "The real problem is high unemployment high interest rates and high inflation rates The only way you balance the budget is by lowering the unemployment rate lowering interest rates and lowering the inflation rate" Laffer described what he called President Reagan's major the implementation of the tax cuts passed in 1981 "Two things you never do in price cuts and delay tax cuts" he said "There is no such thing as a mid-year tax cut The IRS doesn't discriminate between dollars you make at the first or at the end of the year" 'No Surprise' Economy Improved Laffer said it "was no surprise" to him that the economy suffered bad years in 1981-82 and that there was a recovery at the beginning of 1983 because he said that was the point at which the full effect of the tax cuts were finally felt "Ronald Reagan deserves blame when things go bad like in '81-'82" Laffer said at the ALDA conference "Now he deserves the credit for the recovery" (Reagan's economic advisers drew many of their controversial schemes for Reaganomics from Laffer's theories and the verdict on the success of the President's plan is still out However in the editorial pages of last Sunday's Times Paul MacAvoy dean of the Graduate School of Management and professor of economics and management at the University of Rochester in New York wrote: 46 should we not evaluate how well the Reagan economic program has worked since January 1981? After all Reaganomics promised relief in at least three areas And recovering from a recession was not part of the promises since a recession was not supposed to happen at Laffer got a hearty laugh from the audience when he added that one could attribute Reagan's success to either genius or luck "You have to admit he has an uncanny ability to select his predecessors" he said berDecember issues of Islands is that few people who own islands live on them This is true of an Irish poet who owns an island with a wishing well a German who has an island with a castle an Iranian prince with an island inhabited by copra processors and either a French postman or Papeete businesswoman who owns an island called Mehetia 60 miles east of Tahiti It's also apparently true of actor Marlon Brando who spends no more than two or three months a year by Fessier's account at Tetiaroa a group of South Seas islets owns built a 20-bungalow resort on one of the islets but some private islands are less approachable Like Mehetia The former owner Marcel consul in Tahiti for Belgium Liechtenstein and Fessier that he never did much with the island because it was "too hard landing too hard loading and unloading" Or High Island off the west coast of Ireland which Fessier described as "a lumpy sparse scrap of rock covered in a rough grass" Until going there with Fessier its owner poet Richard Murphy hadn't been to the place in three years There is no house on High Island but there are remnants of a hermitage lived in by monks 1400 years ago a shaft remaining from the copper mining tried there in 1835 and the muddy spring that became a wishing well Many private islands have residences as lavish as any in Beverly Hills Like the castle on where else?) Castle Island off the coast of Brittany In the spirit of author Richard Halliburton Fessier spent the night there alone "That was like something a 12-year-old would do" he said "It was much space and too little happening" it A -n 01 Alk- 7 "1V ett 4 -drj 424 7 ow 1 f-T 41 2 40-4berie Virgin Islands is now owned by Amway 1 4114arit tvse Peter Island a resort in the British Rattlesnake Island has own stamps Dick Turpin Carthay Circle 'Recognized' By City Markers Sheraton Bullish on State Kennedy Favorite President Laffer admitted that his favorite post-World War II president is John Kennedy and he likens many of JFK's tax cuts and other fiscal policies to those of President Reagan Laffer also forecast a trend that has not been overwhelmingly popular with many in the real estate move toward a flat-rate personal income tax Such a tax would eliminate deductions for mortgage interest and depreciation When questioned by a member of the audience as to the effect such a tax might have on the attractiveness of real estate as an investment Please see CONFERENCE Page 4 Ibet 4 A A klet 4 41114Y 4 1 1 4 1 i a( 4113 411t4 tt ''''I- -411- 1 1 44i 0 -Pt- LT' A1110 rt 1 141 'I3 Alt4 1111 1 07 3 1710ti 81111' 11114- it q''' 14 4 :173 totit et" 11 ky i 1 4 9 0 4 k' 'Z'''444 With the succesful launching of its Sheraton Grande as downtown Los Angeles' newest major structure the Sheraton Corp has its expansive eye on five other California sites Scheduled for openings in 1984 are new hostelries of varying sizes in Universal City La Jolla Monterey Fremont and So They will add 1598 rooms to the existing total of 7369 rooms already under the Sheraton roof in 19 California locations Here to preside and enjoy the recent formal opening of the $70-million 14-story 485-room Sheraton Grande Howard James chairman and chief executive officer of the Boston-based corporation added some dollar values to the expansion story over his favorite breakfast of bran muffins Openings By EVELYN De WOLFE Most of the residents of Carthay Circle still mourn the loss of their beloved grand old Carthay Circle Theater which stood at San Vicente Boulevard and Carillo Drive and for 40 years was one of Los Angeles' prime entertainment centers Normally a highly vocal group the homeowners in that little West-side community that fits snugly between Hancock Park and Beverly Hills claim they never had a fighting chance to save the little theater when it was torn down in 1969 Public pressure in those days was not quite as effective in preserving special buildings as it is now they maintain This week however the residents of Carthay Circle were wearing big smiles once again Persistent efforts on the part of a closely-knit homeowners group encouraged and supported by Councilman Zev Yaroslavsky earned the right to display official city markers at the boundaries of Carthay Circle setting it apart as a landmark community The real estate surgery done in the name of progress in the late 1960s to make way for twin office buildings may have taken some of the glamor and mystique away from the small community but not an ounce of its individuality As it happens Carthay Circle is far from round It is basically a rectangle with one portion arrowing into La Cienega Boulevard and looking more like a flatiron on the selected by International Telephone Telegraph Corp Sheraton's parent organization to head the worldwide network of hotels and inns the chain has expanded into 41 more nations and has more than doubled it numbers to 451 Its room count in 53 countries is 122531 Its future book includes 99 new hotels inns or resorts extending its banner into 67 countries Heading that major operation will be John Kapioltas the chain's newly apppointed president and chief operating officer who will report directly to James Kapioltas joined Sheraton in 1960 and since then has held management posts in Jamaica Puerto Rico and Venezuela before being transferred to the chain's European division in 1970 Headed Overseas Division Most recently he served as senior vice president of the corporation and president of Sheraton Management Corp the chain's Europe Africa Middle East and India division headquartered in Denham England He expanded that division to a network of 50 hotels in 28 countries with 18 under construction when he was appointed to his new post last June James' confidence in California's hotel economy is gauged by Please see 'rlTRPIN Page 10 City officials and residents of Carthay Circle at a "planting" of markers to designate boundaries of the Westside landmark community developed in the 1920s by Harvey McCarthy Beacon Hill Pointe Laguna Niguel homes priced from 8190000 to $250000 Story on Page 32 Greenbrook Estates Oxnard neighborhood 8112950 to 8125500 Story on Page 13 Sierra Heights Riverside development $74990 to $89990 Story on Page 27 Stonehedge Ventura community 8128000 to $172000 Story on Page 9 Other openings Page 18 Expansion Plans Told The chain and its partners committed $225 million during the past five years to its California hotels adding five new properties and expanding others he said extolling the hotel growth in the state while the five new ones in the planning stages will mean an additional $1984 million in investments in the corporation's California network That translates to a lot of check-ins Since 1970 when James was map Fairfax Avenue serves as its eastern boundary with Olympic Boulevard to the south and Wilshire Boulevard to the north San Vicente Boulevard (previously named Eulalla Boulevard in honor of a Los Angeles midwife) crosses the community diagonally Tom Mauldin and Ray Levin residents of Carthay Circle and its current unofficial historians have collected a wealth of material to share with other city-history buffs Much of it was garnered from public record and from the recollections of long-time residents "The community was the first neighborhood in Los Angeles to have its utilities under the streets For the '20s that was very advanced thinking" said Mauldin "Unlike many other communities nowadays milk trucks still make Please see CAIITHAY Page 11.