Buffett on Housing

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.
Read it all: http://www.calculatedriskblog.com/2010/02/buffett-on-housing.html

Buffett on MargarittaVille

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.

Uh, this is the actual quote:


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". :smiley:


“Look Warren… No hands”.