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Analysis-SeattleTimes-BuzzFeed allege – Warren Buffett’s Clayton Homes Exploit Minorities?

First, a programming note – the new January 2016 issue of MHProNews monthly Featured Articles are scheduled to go live by the evening of Saturday, January 2nd. 

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Photo/Image collage credits = Warren Buffett photo, UK Telegraph, Seattle Times, BuzzFeed, Clayton Homes logos, belong to each respective firm; click here or the graphic above to see the report.

Next, we will keep this simple. Some don’t understand, or dislike, free enterprise. Some don’t get it that when you make loans that create opportunities for home ownership to those with marginal credit, you will have a higher default rate.

We reported weeks ago in a video interview with attorney and MH lending expert, Marty Lavin, his statement that the success rate for those big MH lenders making loans to those with marginal credit was some 83%. That ought to be celebrated. Instead, the duo below villify it. Should the vast majority be forced to rent, thanks to those with an agenda to protect Dodd-Frank instead of the minorities and working people they claim to want to “protect?” 

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Agenda journalists? Mike Baker, left; Daniel Wagner. right. Photo credits – l- nfoic, r – talking biz news, all photos, logos and images are used per fair use guidelines.

We have an extensive report on the Seattle Times/BuzzFeed story, which attacks Warren Buffett – for purposes of sensationalism and increased clicks – Clayton Homes and their affiliated lenders, linked here. Your thoughts and feedback, are welcome. 

Let’s do what it takes to make 2016 a much, much better year than the past few have been. ##

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L. A. ‘Tony’ Kovach, speaking at the recent New York Housing Association meeting. Tony will be presenting at the 2016 Tunica MH Show.

By L. A. ‘Tony’ Kovach.

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