Description: What does Warren Buffett see that no one else does? He just made an outsize bid on ResCap loans, the latest example of his bet that the housing market represents a great investment opportunity. Joe Light has details on The News Hub. Photo: Bloomberg.
Source: Marketwatch.com â€“ video report
Date: July 31, 2012
Questions for Discussions:
- What are the indicators that suggest new housing construction is on the way back up?
- What might explain why the purchase of new housing is preferred over the supply of pre-owned?
- Would you be a buyer of building firms today and if so, which ones?