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 Warren Buffett: We Need 13-Year Olds To Start Cohabiting To Clean Up The Housing Overhang

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Warren Buffett: We Need 13-Year Olds To Start Cohabiting To Clean Up The Housing Overhang Vide
PostSubject: Warren Buffett: We Need 13-Year Olds To Start Cohabiting To Clean Up The Housing Overhang   Warren Buffett: We Need 13-Year Olds To Start Cohabiting To Clean Up The Housing Overhang Icon_minitimeThu Jan 21, 2010 2:16 am
A few quick bullet points on Warren Buffett's thoughts on housing:

* "The only way you clean up an excess inventory is to have more demand than supply for a while."
* "We produced 2 million housing units a year; we created 1.3 million households... The only way to clean that up, oh well there's one way, you can start getting 13 year olds to start co-habiting and create more households that way, and I'm sure we'd get a lot of volunteers among 13 year olds."
* "A lot of the housing problem is behind us, the commercial real estate problem is not behind us."