Real Estate — Buffett Predicts, Again.
Warren Buffett, the outspoken and ever so confident billionaire businessman is back at it making some bold predictions. This time he is back to dealing with the Real Estate industry. In March he predicted that there would be a strong housing boost due to the high demand and low interest rates in the market. Now, he has made an outsize bid on ResCap loans showing how stern he is behind his contention that investing in Real Estate will prove to be a very lucrative decision in the near future.