According To Warren Buffet, There Is No Impending Housing Bubble

May 2, 2016

This past weekend Berkshire Hathaway held its annual meeting in Omaha, Neb., where the company’s CEO Warren Buffett spoke on a range of topics, one of which was the health of the country’s housing market and if we are currently in another housing bubble.

According to HousingWire, Buffett spoke about how he does not believe there is anything to worry about in terms of a housing bubble. “In Omaha and other parts of the country, people are not paying bubble prices for real estate,” Buffet said. Additionally, according to a Fortune recap of the event, Buffett admitted it is not as good a time as four years ago to purchase a home, but seeing another housing crisis because of falling house prices is not very likely.

While Buffett himself didn’t speak on the issue, the accusations levied at Clayton homes last year in The Seattle Timesaccusing the Berkshire Hathaway owned company of predatory lending directed at minorities also came up. Clayton’s representatives strongly denied the accusations, saying that if a home is foreclosed, everybody involved loses.

“We have policies and procedures and training in place, and resources as well, to have customers find a lender and choose the lender that’s the best fit,” Clayton representatives said, according to Fortune’s recap.

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