Did it have anything to do with the fact that the poor were so eager to own a home that they were willing to pay 29% interest rates on chattel loans and/or, the fact that he could resell the homes he repossessed in the mobile home parks he bought up around the country throughout the 2000′s? Did he like the idea that through his Vanderbilt bank, he could arrange loans like most companies process credit card apps? Anyone with 20k downpayment or, a piece of property that was fully owned could get an approval within 45 mins. Did he like the fact that he could give his buyers a home in spite of their low incomes and 400 credit scores when going through his own bank and mortgage companies? Or, was it all bc he knew he could take the downpayment, take the land and take the home back within the year?
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6 Responses to “Why Do You Think Buffett Went Into The Mfg’ed Housing Industry?”
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Coney: HAHAHA! That made me smile. Of course, you realize...
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$hit that aint nothing.
Obummer killed the Keystone pipeline, FACT! Guess who wins out big time. You guessed right. Warren Buffet and his BNSF railroad. The only way to get that oil to the refineries.
Does it come with a free bottle of Vaseline
Nope! Wrong. The real reason is that his government contacts gave him inside information that FEMA was going to buy tens of thousands of them for disater purposes.
He knows sooner or later we’ll all be trailer trash and he getting in on the ground floor.
To make SURE money!
Looks for opps that will assure him a good return!
It’s a growth industry.