If you coud ask Warren Buffet TWO real estate questions, what would they be?

Asked by Frances Flynn Thorsen, State College, PA Fri Oct 17, 2008

I was speaking with a national real estate journalist yesterday at the California REALTOR Expo in Long Beach, CA . He is going to interview Buffet next week and he asked me to pose this question to our community. I will run a link to his story on my Trulia blog when it is published.

Help the community by answering this question:

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Answers

7
Maria Morton, Agent, Kansas City, MO
Fri Oct 17, 2008
BEST ANSWER
1. Can you tell us a way to get the money the government is putting up into the hands of the homeowners who are losing their homes rather than the banks who have made such catastrophic decisions?

2. Would you please tell us how you would force or encourage the banks to take care of the properties that they now own and also how you would get these banks to comply with local and state real estate laws and practices.
Web Reference:  http://www.mariatmorton.com
0 votes
Rhonda Porter, , Seattle, WA
Fri Oct 17, 2008
Actually Di, LO's who work for depository banks do not have to be licensed in WA. (This is the very reason why I started blogging!). And with the National SAFE ACT (licensing) they only have to "registered", not licensed.

But, back on topic...I would ask Warren Buffet if he thinks now is a good time to buy a home and I would ask him what he would have done different if he were President to have avoided the "mortgage/credit melt-down".
1 vote
Diane Kawell, Agent, Federal Way, WA
Fri Oct 17, 2008
Please ask him if he thinks tougher regulation of loan originators in all states and also mandatory consumer education would be beneficial and possible to implement. My feeling is that this is where the problems all start. Washington state now has mandatory licensing requirements for all loan originators. Thanks goodness! Thanks, Frances for bringing this opportunity for us. Sincerely, Di Kawell
1 vote
Ernest, Both Buyer And Seller, Miami, FL
Sat Oct 18, 2008
Why has he taken so long to let out the secret on how real estate professionals and investors around the nation are using this secret system to close a ton of deals take a look at the clip


http://www.weprovidethecash.com/?id=megabucks41
0 votes
Kevin and Mo…, Agent, Ocean City, MD
Fri Oct 17, 2008
1) Do you believe that our countries' leaders knew what was happenning on Wall Street? Follow up - do you believe that key elected officials should be held accountable? And if you do, how should we punish them... possibly impeach them?

2)When do you foresee some recovery for the real estate market?

Thank you.

Monica McNamara
Coldwell Banker
Ocean City, Md. 21842
http://www.Ocean-CitySales.com
0 votes
Julie Nelson, Agent, Austin, TX
Fri Oct 17, 2008
How could so many MBA's be so stupid?
Are you buying real estate right now?
Web Reference:  http://www.tnpblog.com
0 votes
Chris Shouse, Agent, California City, CA
Fri Oct 17, 2008
Is real estate still the best wealth building tool?
Web Reference:  http://realsummerlin.com
0 votes
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