Clayton Homes Is Selling a Lie
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Clayton Homes Is Selling a Lie
Clayton Homes abuses all of its customers, but Black homebuyers may have it the worst. With ridiculous interest markups and racist insults hurled at customers by collections agents, we can't afford to have this manufactured home conglomerate dominating the market.
Warren Buffett owns Clayton Homes, a multi-company conglomerate that dominates the manufactured home industry and is quickly becoming known for lying to its customers and cheating them out of money and their homes. In 2014, the company financed 72 percent of the Black people in the United States who took out a loan to pay for manufactured homes.
This targeting is problematic because Clayton is also relentlessly discriminatory in its lending practices. A Black homebuyer making $75,000 a year could expect to pay more interest on their home loan than a white homebuyer making $35,000.
Low-income Black communities can't afford to keep falling prey to Warren Buffet's manufactured home empire. Tell government officials to investigate Buffett and his company so that more people don't lose their homes.