Housing Recovery – Not This Year!
Will the housing market recover this year? Yes, if you believe the ‘industry’ line. Then again, according to the “industry,” it’s been a good time to buy,for the last three or four years! With the government’s big homeowner credits, a slight pick-up in the lower end of the market in San Diego ,and historic low interest rates, the end of equity devastation is relegated to bad dream status.
Buffett … U.S. Economy in Shambles
During an interview on CNBC Berkshire Hathaway’s chairman and chief executive Warren Buffett said that the U.S. economy is in shambles. Buffett also said he’s sure the actions the government has taken in the past year to help the economy will result in high inflation down the road. Buffett also said that even with all the unprecedented Government spending he saw no bounce in the economy.