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  #1  
Old 2/28/10, 1:43 PM
Joseph Burkeson, CMI's Avatar
Joseph Burkeson, CMI Joseph Burkeson, CMI is offline
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Default Buffett on Housing

Interesting perspective...

Buffett on Housing

Here is Warren Buffett's annual letter to shareholders. The following is an excerpt on housing (Buffett focuses on manufactured housing because Berkshire owns Clayton Homes):
Prices will remain far below “bubble” levels, of course, but for every seller (or lender) hurt by this there will be a buyer who benefits. Indeed, many families that couldn’t afford to buy an appropriate home a few years ago now find it well within their means because the bubble burst.
Read it all: http://www.calculatedriskblog.com/20...n-housing.html



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  #2  
Old 2/28/10, 3:49 PM
ldapkus ldapkus is offline
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Default Re: Buffett on Housing

Buffett on MargarittaVille
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  #3  
Old 2/28/10, 3:56 PM
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Bob Elliott Bob Elliott is offline
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Default Re: Buffett on Housing

Quote:
Originally Posted by jburkeson1 View Post
Interesting perspective...

Buffett on Housing

Here is Warren Buffett's annual letter to shareholders. The following is an excerpt on housing (Buffett focuses on manufactured housing because Berkshire owns Clayton Homes):
Prices will remain far below “bubble” levels, of course, but for every seller (or lender) hurt by this there will be a buyer who benefits. Indeed, many families that couldn’t afford to buy an appropriate home a few years ago now find it well within their means because the bubble burst.
Read it all: http://www.calculatedriskblog.com/20...n-housing.html
The way I see it ,with so many homes having been built, that is going to create a bigger market for turnovers and for Inspectors.

Water seeks it's own level.
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  #4  
Old 2/28/10, 7:42 PM
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Nick Gromicko Nick Gromicko is offline
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Default Re: Buffett on Housing

Uh, this is the actual quote:

Quote:
Prices will remain far below “bubble” levels, of course, but for every seller (or lender) hurt by this there will be a buyer who benefits. Indeed, many families that couldn’t afford to buy an appropriate home a few years ago now find it well within their means because the bubble burst. Both the bubble and the burst contribute to the overall number of inspections that will need to be performed.



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  #5  
Old 3/1/10, 3:16 PM
Joseph Burkeson, CMI's Avatar
Joseph Burkeson, CMI Joseph Burkeson, CMI is offline
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Default Re: Buffett on Housing

Buffet on Palin.

"But if I'm going to comment on the Tea Party, I'll have to look at my notes here," Buffett said, looking at his hands".



"Look Warren... No hands".



"A state of war only serves as an excuse for domestic tyranny." ~ Alexander Solzhenitsyn



Certified Master Inspector (2007)
Member, International Assoc of Certified Home Inspectors (InterNACHI)
Member, International Code Council (ICC) - Certified Residential Combination Inspector

Square-One Inspection "Assurance begins here"
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