4 Responses to “Warren Buffett: Housing market could take a while to recover” »»

1. Rich
   Comment by Rich | 11/14/11 at 11:42 am

   Warren is right. There are simply too many empty houses in the U.S. and not enough buyers. Because we don’t need to build new homes, there are a lot of construction workers who are now out of work.

   The problems are due to the Fed putting the U.S. economy on a sugar high from 2002-2007 and pushing the construction industry to build more homes than were needed.

   This construction bubble was a separate, but related bubble to the subprime bubble.

2. Boston Agent
   Comment by Boston Agent | 11/14/11 at 12:17 pm

   So should we start to just level vacant homes? Someone needs to take some drastic action . . . . I feel like we are all stuck in a giant came of limbo that never ends

3. Rob
   Comment by Rob | 11/16/11 at 7:48 am

   Many houses in areas where there is no recovery such as Detroit should be demolished. Many of the homes sit empty with out providing property tax for the city while draining public resources. Leaving them standing causes greater budget deficit for the city and higher taxes for everyone else. People will begin to leave the city cause more problems and then more people leave, spiraling into something worse.

4. Funny
   Comment by Funny | 11/16/11 at 2:45 pm

   Rob, as far as I know Detroit is doing just that. They’re also telling homeowner holdouts their on their own as far as services go.

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