Warren Buffett's Empire of Pottervilles

By NCD on Mon, 05/04/2015 - 11:50am |

Clayton Homes, owned by Warren Buffett’s Berkshire Hathaway, makes more mobile home loans than any competitor by a factor of six....operates under at least 18 names, leading many buyers to think they’re shopping around...lends at interest rates that can top 15 percent, and often adds thousands in fees to borrowers’ loans....Clayton customers report deceptive and predatory deals including loan terms that changed abruptly....To maintain its down-to-earth image, Clayton has hired the stars of the reality TV show Duck Dynasty to appear in ads. Buffett, meanwhile, has become known as a Billionaire of the People, grousing publicly that his secretary pays a higher tax rate than he does

Also see the UK Guardian America's trailer parks: the residents may be poor but the owners are getting rich.

URL:

http://www.publicintegrity.org/2015/04/03/17024/warren-buffetts-mobile-home-empire-preys-poor