Buffett on Real Estate – Market is Sick
Warren Buffett, considered one of the great financial minds of our generation, has this to say about the real estate market. It is sick. At the annual meeting of Berkshire Hathaway, the Woodstock for Capitalists as it is frequently known as, Buffett was pessimistic on the short term real estate markets.
The combination of easy money and investors not buying for the pleasure of living in the home but for the opportunity to flip it and make extra money has put the housing industry in a poor position that will remain there for a couple of year.
But Buffett had a decidedly different view about the housing market. He said too many homes were bought by people carrying mortgages with little or no money down who then hoped to flip them quickly for a profit. “The housing market is sick and it’s going to stay sick for a couple of years” he opined. via Money on CNN
My mom told me to put the statue in the ground, just seems wrong to me but I did it. ...
What about RE/MAX Commercial? Where this classification came from?
I am pretty sure RE/MAX Commercial in volume sales must be above ...
Well Tom, once again you have said it much better than I could have. Unfortunately the folks at Move, ...
It certainly does not bode well for a fast recovery in the economic climate. This will affect all real estate ...
I HAVE 25 YEARS EXPERIENCE IN TELECOMMUNICATIONS..HOW DO I APPLY AT KAI. 
Definitely not a fan of Move Inc.!!! 
A lot of you really need to go back to kindergarten and learn to spell correctly. If you cannot spell ...
In 2008, there was an extension to push first-time home buyers to purchase their homes quickly since the program did ...
I also need HELP and don't know what to do about my problem. I have a garden apartment off ...
I have the same situation. I sold my home in July and am scheduled to to close in a few ...
