Great. Sick is an appropriate term to describe the declining housing market.
He said too many homes were bought by people carrying mortgages with little or no money down who then hoped to flip them quickly for a profit. "The housing market is sick and it's going to stay sick for a couple of years" he opined.
Monday, May 07, 2007
Buffet: "Housing Market is Sick"
Legendary investor Warren Buffet talked about many things recently including housing.
Posted by David at 8:50 AM