- “It’s a 30-minute instrument if you’ve been wrong on interest rates and it’s a 30-year instrument if you’ve been right on interest rates," says Warren Buffett, scratching his head over why folks aren't lining up to get mortgages.
- "It's a good way to short the dollar, short interest rates. It is a no-brainer," he adds, admitting the home construction pickup has been slower than he expected.
- Berkshire Hathaway (BRK.A, BRK.B), of course, has units doing everything from building and selling houses, to manufacturing carpeting, paint, and bricks, and Buffett continues to expect a pickup in business. “[Slow household formation] doesn’t last long. Hormones kick in and in-laws get tiresome, too.”