The Oracle
Listening to Warren Buffet this morning, he made a few comments on the interview before I had to go to work.
One of them was, “I don’t want to worry about ongoing uncertainties.” He had said this after he had said that “I want to own great businesses.”
I have been selling real estate here in Alexandria, MN for 28+ years. My time here has been littered with “ongoing uncertainties”. The doom-n-gloomers will always point those out to you. It’s funny, how you can shed their thoughts if you have a better perspective on your own life and what impact you are making while you are alive…with worrying about all of the “ongoing uncertainties”.
He also said that, “When housing starts reach one million, that unemployment would improve”.
As you can see the attached News Release from the US Census Bureau shows that housing starts is hovering around the 600,000 number through September. It is going to take a couple years, in my mind, to get to the million units.
Source: US Census Bureau
