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One of the highlights of the year in the financial world is invariably Warren Buffet's letter to the Shareholders of Berkshire Hathaway. It is always thoughtful, open, candid and enlightening. The recently released 2009 letter is no different. Specifically the letter talks about Clayton Homes and the housing industry generally. Here is an excerpt:
After all the concern about Maui being in the path of a tsunami generated by the Chilean earthquake it turned out to be a non-event, just like in 1994.
The Los Angeles Times reported the following:
In a survey conducted by the Federal Reserve Bank of Philadelphia, economists are mildly more optimistic than they were a year ago.
According to the Honolulu Advertiser the Makena Resort, including the Prince Hotel, two golf courses and 1200 undeveloped acres will be heading for the auction block in April. How did we get here?
The activity level in January in Wailea and Makena improved somewhat from a year ago. In January 2009 three condominiums and one single family home sold. In 2010 six condominiums and three single family homes sold. Pricing has clearly retreated but with so few data points comparisons aren't reliable.
2010 Wailea Fairway Villas Real Estate Report Now Available!
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