Warren Buffet on Today’s Real Estate Agents

Warren Buffet on Today’s Real Estate Agents


Well I understand what they’ve been
through, because housing, everything real estate-related, was part of a bubble,
and it was a huge bubble and because homes are such an important part of the
resources of most families, I mean you have 75 million or so single-family
homes, and for a great many of those 75 million people, it’s their most important
asset. So when that bubble burst because of really overproduction of new homes, it
affected millions of people, including real estate brokers. It posed a couple of
very tough years to come, and there wasn’t any way around it. If you
had too many houses, you had to wait until household formation started sopping up
that inventory, and that’s basically occurred now. I congratulate you on
getting through the last few years and the coming years are gonna be a lot
better. We see it in all our housing related businesses. We have a
brick business, we have a carpet business, we have insulation. I mean we are in
all aspects of housing, and they’re all coming back strong.

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