Housing Bets and Blind Faith in the American Dream Greg Abel's candid assessment of America's housing market should be a wake up call for investors and policymakers.
The current struggles are far from over, but Berkshire Hathaway is banking on long term demand. The conglomerate's $6. 8 billion bet on Taylor Morrison speaks volumes about the complexities of the housing market.
The apparent disconnect between Abel's warning and Berkshire's significant investment reveals a nuanced understanding of the housing market that few others possess.