Apparently in the past he said that housing would have bottomed by now.
Single family homes only look cheap in Florida and other places that have been over-developed. And they only look cheap because of record-low, unsustainable mortgage rates.
NYC had 3 housing crashes in the 1970s alone. Meanwhile all these bull-market housing Morons think that today, somehow, the housing market correction is going to happen without NYC-area real estate dropping hardly at all - which it hasn't!
Here's the link for his latest.
See also - Warren Buffett - STEALING From Taxpayers!.
Does he get any kind of "action" from his pet female reporters? ;-)
ReplyDeleteDude, he's a 100! He can't pee without getting his trousers wet...
ReplyDelete