Berkshire extracts value at every phase regarding the process. And Clayton borrows from Berkshire in order to make mobile mortgage loans, paying as much as an additional portion point in addition to Berkshire’s borrowing expenses, cash that moves straight from borrowers’ pouches.

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A glance at Berkshire Hathaway’s response to ‘mobile house trap’ research

Significantly more than a dozen Clayton clients described a frequent variety of misleading techniques that locked them into ruinous discounts: loan terms that changed suddenly once they paid deposits or prepared land because of their brand new domiciles; shock charges tacked on to loans; and stress to defend myself against exorbitant repayments predicated on false claims they could later refinance. Continue reading →