Minorities exploited by Warren Buffett’s mobile-home empire (Seattle Times)
Clayton Homes also has a majority share of the Latino and Native American mobile home markets (Gawker.com)
In marketing homes in and around minority areas of Texas, Clayton uses “meticulous demographic analysis and targeted sales promotions” — including Spanish-language ads and Spanish-speaking sales persons — to woo buyers, the story claims.
But when these customers decide to buy a home, it was Clayton’s practice not to provide Spanish-speaking customers with translated loan documents or interpreters at closing — even after employees at headquarters complained that too many customers were being misled about loan terms (New York Post)
Seattle Times (http://www.seattletimes.com/…/minorities-exploited-by-warre…)
New York Post (http://nypost.com/…/warren-buffets-housing-firm-exploits-m…/)