We are big fans of Berkshire Hathaway and its founder Warren Buffett. As a matter of fact, we think Berkshire Hathaway is one of the most underpriced stocks out there – which at $119,000+ per share is saying something about its “intrinsic value.” Luckily for mortals, the class B share is about $80 per share. What does Mr. Buffett say about housing? Below is a quote from his Annual Letter to Shareholders. Here it is:
“Housing will come back –… Read more
The new HeeryBrothers.com was launched today. Our idea going into this was to have a web site that:
We look forward to your feedback.
So much has been written – some pieces better than others. In the article by Dr. David Kelly and David Lebovitz, writing for JP Morgan Asset Management, there is a very well considered case of why now might be the right time. Really.
Heery Brothers is delighted to co-author this article with Skip Stone, an experienced financial advisor with Morgan Stanley Smith Barney. In addition to regular financial advisory, Skip has unique capabilities in the super-jumbo real estate lending marketplace.
The price of gold has tripled over the past three years. Meanwhile, the value of real estate in the US has dropped by about a third. So,… Read more
Measure continues effort to boost home values and accelerate resale of vacant properties
January 28, 2011
WASHINGTON – In an effort to continue stabilizing home values and improve conditions in communities experiencing high foreclosure activity, Federal Housing Administration (FHA) Commissioner David H. Stevens today extended FHA’s temporary waiver of the agency’s ‘anti-flipping rule.’ The extension announced today is intended to accelerate the resale of foreclosed upon homes in neighborhoods struggling to overcome possible property abandonment and blight.
With certain… Read more