Clayton Homes, owned by Warren Buffett’s Berkshire Hathaway, makes more mobile home loans than any competitor by a factor of six.
Warren Buffett’s Clayton Homes operates under at least 18 names, leading many buyers to think they’re shopping around.
Warren Buffett’s Clayton Homes 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, surprise fees and pressure to take on excessive payments.
Former dealers said Clayton Homes encouraged them to steer buyers to finance with Clayton’s own high-interest lenders.
Wanted to get a link for you:
https://publicintegrity.org/inequality-poverty-opportunity/warren-buffetts-mobile-home-empire-preys-on-the-poor/
Key findings:
Clayton Homes, owned by Warren Buffett’s Berkshire Hathaway, makes more mobile home loans than any competitor by a factor of six.
Warren Buffett’s Clayton Homes operates under at least 18 names, leading many buyers to think they’re shopping around.
Warren Buffett’s Clayton Homes 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, surprise fees and pressure to take on excessive payments. Former dealers said Clayton Homes encouraged them to steer buyers to finance with Clayton’s own high-interest lenders.
Yeah. That’s pretty shitty for sure.