deeplevitation t1_ja8zkab wrote on February 27, 2023 at 6:56 PM

Reply to comment by billm0066 in US Pending Home Sales Surge 8.1%, Most Since June 2020 — Bloomberg by cbusoh66

This is the comment to read - go read Warren Buffets comments in 2007/2008 about housing. It was an oversupply problem as much anything and paired with risky lending practices. We are not nearly in the same position today. I don’t believe prices were due for a slight correction, but what happened in 2007/08 will not happen again in the near future

captiancb t1_ja9vsnm wrote on February 27, 2023 at 10:20 PM

What the hell does Warren buffet know about real estate nothing

jdmulloy t1_jabcrz7 wrote on February 28, 2023 at 5:00 AM

He knew enough to stay away in the years prior to 2008. BH does have a resident realtor business, so he has some insights into how the market is doing. He's also explained that real estate investing isn't a good fit for him and BH because it's rarely mispriced at a discount like business/stocks are and BH has the wrong incorporation/tax structure for real estate ownership.

captiancb t1_jabcyb4 wrote on February 28, 2023 at 5:02 AM

If you think BH is still run by WB you’re a fool