Hmmm… Funny how he really seemed to steer away from the bigger question about real estate altogether. He absolutely has a vested interest in the market not going belly up though. To me the absence of commentary on the real estate market supposed recovery, and the lack of comments about the runup being caused by cheap money and poor underwriting standards speak volumes.
Buffet is partially to blame for this run-up in prices. In 2000 his company purchased Prudential Realty of SoCal. They did so knowingly that there was money to be made here. His company is known for buying undervalued companies.The timing of his purchase and the run up in prices is too coincidental IMO.
.
