Warren Buffett sees housing recovery to start within a year

Warren E. Buffett, 81, did not name the candidate, and emphasized that he and his longtime business partner, the 88-year-old Charlie Munger, were not going anywhere. Buffett, in Annual Letter, Says His Successor at Berkshire Is Lined Up – The New York Times

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As Bloomberg noted recently, Warren Buffett has said forthright that despite progress, the housing market is far from recovered. Buffett was on the record proclaiming in early 2010 that the housing market would recover within a year or so. While this claim more than halved the genuine recovery time, his prediction was based upon sound fundamentals.

The company plans on spending 33% more on property and equipment this year ($8Bn total) and ALL of it in the United States – where Mr. Buffett still sees good value but, like us, takes a.

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That’s the date of the latest Berkshire Hathaway (BRK.B) annual shareholder’s letter in which Warren Buffett. year track record, a period that includes the recent armageddon, the 2008 crash and.

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Warren Buffett, the billionaire investor who also owns a home building company predicted that the housing market would recover in 2011. "Within a year or so, residential housing problems should Warren Buffett, the billionaire investor who also owns a home building company predicted that the housing market would recover in 2011.

It’s been a rather tough road for E*Trade since the housing market collapsed in 2007, and over the past five years, the company has. adding to Warren Buffett’s bet on a housing market recovery. To.

Warren Buffett has continued to promote. offloading 31,463,366 shares over the course of the year. The pace of selling actually picked up from quarter to quarter. Wells Fargo is currently down more.

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After declaring that he was "dead wrong" about a housing recovery occurring last year, billionaire investor Warren Buffett said that if it were practical, he’d buy up "millions" of single family homes. During an interview with CNBC, Buffett said that if held for the long-term at low interest rates, houses could be a better asset to hold than stocks.

"A housing recovery will probably begin within a year or so. In any event, it is certain occur at some point," Buffett writes. Berkshire has made a few investments in housing related themes recently.