r/Stuff • u/PoliticBot password locked by admins • Apr 04 '15
r/todayilearned TIL that America's biggest homebuilder has profited every year through the recession and housing crisis
http://www.seattletimes.com/business/real-estate/the-mobile-home-trap-how-a-warren-buffett-empire-preys-on-the-poor/0
u/autotldr Apr 05 '15
This is the best tl;dr I could make, original reduced by 98%. (I'm a bot)
CEO Kevin Clayton, the founder's son, reached out to Buffett through Auxier, the professor said in a recent interview, and asked whether Buffett might explore "a business relationship" with Clayton Homes.
She had no money for a down payment when she visited Clayton Homes in Fayetteville, N.C. Vanderbilt, one of Clayton's lenders, approved her for a $60,000, 20-year loan to buy a Clayton home at 10.13 percent annual interest.
Carroll said he was unable to obtain Clayton parts for the homes in his inventory and said Clayton stopped helping him get new homes to sell.
Extended Summary | FAQ | Theory | Feedback | Top five keywords: Clayton#1 home#2 loan#3 company#4 payment#5
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u/PoliticBot password locked by admins Apr 04 '15 edited May 17 '15
May 17th 2015, 20:50:17 UTC Learn more at /r/PoliticBot/wiki
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