Warren Buffett: Predator, Scumlord

Pottersville

Warren Buffett’s mobile home empire preys on the poor

And near Bug Tussle, Alabama, Carol Carroll has been paying down her home for more than a decade but still owes nearly 90 percent of the sale price — and more than twice what the home is worth.

The families’ dealers and lenders went by different names — Luv Homes, Clayton Homes, Vanderbilt, 21st Mortgage. Yet the disastrous loans that threaten them with homelessness or the loss of family land stem from a single company: Clayton Homes, the nation’s biggest homebuilder, which is controlled by its second-richest man — Warren Buffett.

I didn’t learn about this until now, via another article:

America’s trailer parks: the residents may be poor but the owners are getting rich

Asked by an eager investor how regularly tenants leave her parks, Lee says: “When they die. [They] stay forever, they have no place to go.”

Charles Dickens, Jack London, Upton Sinclair, Eugene V. Debs, Jacob Riis, and countless others who fought for progress and a fair deal, spin in their graves.

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