Warren Buffet: "What's Coming Is Worse Than A Housing Crash"

From the summer of 2006 to the summer of 2012, the US experienced it's worst housing decline since the Great Depression. It was an event that reshaped the planet, causing a severe recession that spread beyond America's borders, seeping into countries across the globe. While historians, analysts, journalists, and movie directors love to focus on the crash itself, what nobody talks are the years before the decline. The bubble era, a stretch of time where US home prices slowly rose, and then exploded in years following 2002. Real estate became the center of a new modern-day gold rush, with prices going up daily leaving buyers frustrated, confused, and angry.

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Video from the 2006 Berkshire Confrence


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