Buffett's been betting big on housing, and not just in ResCap loans. A few reasons to play...
Saturday, August 4, 2012, 8:00 AM ETBuffett's been betting big on housing, and not just in ResCap loans. A few reasons to play along, according to Joe Light: 1) New-home inventory is at a five-decade low (heading to less than six months' supply); 2) Prices are making their move up, and may have momentum; 3) price-to-rent ratios are back to levels from a decade ago. He's seeing investors playing it with builders like KBH and LEN as well as shorter-lease REITs. (video, 3:20)
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