A Million Starts: Warren Buffett Speaks on Housing Market
✉️ Want to forward this article? Click here.
When Warren Buffett speaks, people tend to listen closely. And the ears of those following housing probably perked up recently when the so-called Oracle of Omaha gave his two cents as to what will fix the country’s housing market.
In a cover story for TIME magazine, Buffett was pretty straightforward about what he thought would do the trick — one million housing starts:
“Once we get back to a million housing starts per year” — the current tally is 685,000 — “I think pundits will be surprised just how fast unemployment will come down in this country,” he says. “There are 4 million people hitting age 22 every year in this country. Sure, you can double up on households for a while, but at some point, hormones kick in, and living with your in-laws loses its allure.”
This is not the first time that Buffett has mentioned one million starts as the key to a housing market revival. Back in August, he mentioned the same number on Charlie Rose’s show.
See other articles related to: housing starts, warren buffett
This article originally published at https://dc.urbanturf.com/articles/blog/a_million_starts_warren_buffett_speaks_on_housing_market/4978.
Most Popular... This Week • Last 30 Days • Ever
A look at the closing costs that homebuyers pay at the closing table.... read »
3331 N Street NW sold in an off-market transaction on Thursday for nearly $12 million... read »
In this article, UrbanTurf will explore the considerations and steps involved in buyi... read »
The most expensive home to sell in the DC region in years closed on Halloween for an ... read »
Paradigm Development Company has plans in the works to build a 12-story, 110-unit con... read »
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro