clock menu more-arrow no yes

Filed under:

Kaufmann: Blame the Lenders

New, 8 comments

2009-05-glidehouseFollowing yesterday's news that prefab pioneer Michelle Kaufmann was closing her eponymously named firm at the end of this week, Treehugger investigates what went wrong. When asked why she didn't buy a factory after two that produced her designs had closed, she responded: "I know, they are cheap these days. But the other problem is the stupid f**king lenders. It is different from buying an existing house. When you are building from scratch you have discussions with a lender at the beginning of design, and by the time the construction starts, we find that the lenders have been bought out by somebody else, have disappeared, have changed their rules and it is impossible for a family to finance their home." [Image of Glidehouse courtesy Michelle Kaufmann]