Mike Arnold
Long only, small-cap, tech, growth at reasonable price

RE/MAX Holdings: Time To Pick Up This Real Estate Brokerage?

Warren Buffett famously quipped on CNBC in early 2012:

If I had a way to buying a couple hundred thousand single family homes, and I had a way of managing them (the management is really the problem), but I would load up on them. I would take mortgages out at very, very low rates ... right now, its about as attractive an investment as you can make.

Mr. Buffett seems to have found a strategy to capitalize on a rebound in home sales over the next economic cycle: by collecting a "toll" on each residential real estate transaction closed by the agents of Berkshire Home Services of America ("BHS"), a subsidiary of Berkshire Hathaway (BRK).

BHS appears well...

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