Buffett says he was 'dead wrong' on housing market

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  • Shawnm750 West Jordan, UT
    Feb. 27, 2012 12:17 p.m.

    Housing, like all things in the economy is cyclical. Home values will begin to rise again eventually, just like they did back in the 80's. However, the bank bailouts have stagnated the slow economy even further, making what would have been a sharp (and albeit devastating) recession shorter, has now drawn it out. Hopefully those who bought in a panic when they couldn't really afford it will know better next time, as will those who were duped by "to-good-to-be-true" interest rates.

  • Kathy. Iowa, Iowa
    Feb. 27, 2012 10:40 a.m.

    Everything Buffett says about our "recovering" economy makes me suspect he is the head "spin" director for the Obama campaign.

  • DeltaFoxtrot West Valley, UT
    Feb. 26, 2012 9:08 p.m.

    Housing will never recover so long as prices remain inflated above what the average American can afford.

    Bailing out the banks created a disconnect. Traditional rules of supply and demand were tossed out the window and our economy won't recover until balance is reachieved.

  • ute alumni Tengoku, UT
    Feb. 26, 2012 7:38 p.m.

    he is dead wrong about obama. buffet's best days are way behind him.