Warren Buffett Quotes

House prices have risen by nearly 25 percent over the past two years. Although speculative activity has increased in some areas, at a national level these price increases largely reflect strong economic fundamentals.

A housing renaissance has begun. This may be hard to believe after the dizzying, six-year-long crash in home sales, construction and house prices. But housing turned the corner last year, and it will take off in 2013.

The most critical factor subduing the demand for housing is that home ownership is no longer seen as the great, long-term buildup in equity value it once was.

It's impossible to know precisely what constitutes the right house price but I do know that house prices doubling or even tripling over a 10 year period caused a lot of people to find that getting a foot on the housing ladder is near on impossible.

Everyone wants a piece of land. It's the only sure investment. It can never depreciate like a car or a washing machine. Land will double its value in ten years. In less than that. Land is going up every day.

I live in a Spanish-style hillside home in Los Angeles, California. I paid $900,000 in 1995. It's perhaps worth about $3m now. Thankfully, I paid off my mortgage before the crash because I could see it coming. I worried that I would be caught having to pay off a very high mortgage for a house I couldn't sell.

I was pretty young when I bought my first place, and at that time didn't really view it as an investment. After living there for a few years I decided to move out of London, so I decided to rent it out for a few years. Then, as the property market continued to rise, I made the decision to sell.

If I knew where I was going to want to live the next five or 10 years I would buy a home and I'd finance it with a 30-year mortgage... It's a terrific deal.

I own a home in Sweden, I rent in both Los Angeles and in Britain, and I'm constantly travelling.

Buying a home wouldn't make much sense if house prices were likely to decline further; no one wants to catch a falling knife.

I always felt very secure and very safe with real estate. Real estate always appreciates.

Housing has led our nation's economic expansion over the past few years, accounting for 16 percent of our Gross Domestic Product. New housing starts and home sales hit record levels from 2003 through 2005.

By the late 1980s people realized that houses did not always appreciate and that they could fluctuate like any other market commodity.

I tried all my life to make housing affordable. The more affordable the house, the more money I make.

So from the housing standpoint, steady as you go, I think, would be the best medicine.

The best time to buy a home is always five years ago.

We just went through the biggest housing bubble in history and now housing prices are starting to go up again. I don’t know what to make of that.

I told myself I never wanted to rent again. Even though it's a battle, I'm lucky cause I'm living in a cheaper part of the country. I just told myself I'm never going to do this again. I'm never gonna work, I'm never going to pay somebody rent again. I'm never going to sign another lease at least.

But 300 million Americans, their lending institutions, their government, their media, all believed that house prices were going to go up consistently. And that got billed into a $20 trillion residential home market. Lending was done based on it, and everybody did a lot of foolish things.

I used to have a house in London, but couldn't face 20 more years of St John's Wood in the rain.

Mitt Romney and I don't agree on every issue and certainly housing is one of them. When you look at what is going on here in Southern Nevada, you can't say you got to let the housing market hit bottom. We have been bouncing along the bottom for years. And the fact is we have to do everything possible to: 1) keep people in their homes and 2) get people who are out of their homes back into their homes.

I was just looking at moving to Cambridge, and a house I was looking at cost a million dollars. Because somehow, that's what a house costs. And I was thinking, "How can it be?" And I was thinking, "What am I doing? Am I going to be Niall Ferguson, that horrible man?

Work a lifetime to pay off a house You finally own it and there's nobody to live in it.

I live in the same house I purchased in 1971 for $22,500. I think we need to increase the minimum wage and so all my neighbors can get an increase in their wages.

Realty exists only through experience, and it must be personal experience.