jburkeson1
February 28, 2010, 6:43pm
1
Interesting perspective…
Buffett on Housing ](http://www.calculatedriskblog.com/2010/02/buffett-on-housing.html )
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. http://www.calculatedriskblog.com/2010/02/buffett-on-housing.html
ldapkus
February 28, 2010, 8:49pm
2
belliott
February 28, 2010, 8:56pm
3
jburkeson1:
Interesting perspective…
Buffett on Housing ](Calculated Risk: 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. Calculated Risk: Buffett on Housing
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.
gromicko
March 1, 2010, 12:42am
4
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.
jburkeson1
March 1, 2010, 8:16pm
5
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".
http://www.swamppolitics.com/news/politics/blog/assets_c/2009/09/Sarah%20Palin%20in%20Hong%20Kong-thumb-320x469.jpg
“Look Warren… No hands”.
