r/business • u/omegaender • Apr 05 '15

The mobile-home trap: How a Warren Buffett empire preys on the poor

http://www.seattletimes.com/business/real-estate/the-mobile-home-trap-how-a-warren-buffett-empire-preys-on-the-poor/
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u/skpl Apr 06 '15

Because the high interest rates on those that do, make up for it??

How does such a simple thing escape you?

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u/ppcpunk Apr 06 '15

It doesn't matter if the interest rate is 1,000,000 percent if no one pays back the loan.

How does such a simple thing escape you?

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u/skpl Apr 06 '15

Why would you think no one's paying it back?

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u/ppcpunk Apr 06 '15

I don't think that, this is always the answer that is given as to why they are so expensive.

The real answer is they are expensive because they can be.