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Can demolition boost the US housing market?

Posted on 30 August 2011

“Blow up a lot of houses.” No those weren’t the words of a terrorist. They came straight from the lips of perhaps the world’s greatest investor, Warren Buffett. When asked more than a year ago how to fix the housing crisis Warren said, “Blow up a lot of houses.” Perhaps he wasn’t serious and recently has made statements suggesting that we are about to turn the corner in housing.
I don’t think we can see the corner, much less turn it. Despite Warren’s bullishness on housing, Wall Street seems focused on his earlier call……………………………………….Full Article: Source


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Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


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