You’ve probably heard of Warren Buffett and know him as president Obama’s billionaire oracle. He is also famous for his investment plans, as they all turn out to be very successful in time. For all of you designers and architects out there, here is a good news for the day. According to Buffett, “within a year or so, residential housing problems should largely be behind us.” He also stated that by that time, demand will grow in order to catch up the supply witch means the market will be healthy again.
Buncing back to “normal” will occur slowly but surely. “Prices will remain far below ‘bubble’ levels, of course, but for every seller or lender hurt by this there will be a buyer who benefits. Indeed, many families that couldn’t afford to buy an appropriate home a few years ago now find it well within their means.”
What do you think of this statement? Do you believe in the rehabilitation of the housing market? Do you think this is just a phenomenon about to happen in the US or will things go global and resemble a domino effect? -via USA Today