Buffett on Housing

[Joseph Burkeson, CMI]

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

[ldapkus]

Buffett on MargarittaVille

[Bob Elliott]

Originally Posted by jburkeson1

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.

[Nick Gromicko]

Uh, this is the actual 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.

[Joseph Burkeson, CMI]

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".