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:
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Maui Real Estate
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.
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Maui Real Estate
While Tom and Sean have the only residential oceanfront closing along the Maui Oceanfront this year, things have really picked up in the last ten days. 4472 Makena Road, listed for $27.5 million is under contract. If that closes anywhere close to that number it will be the most expensive residential sale ever on the island of Maui. In addition a small home on Halama Street in Kihei has gone under contract. Finally, it is a condominium, but a big one. A Wailea Beach Villas Villa unit in the D building has sold for $6.8 million.
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Maui Real Estate
Each month Wells Fargo releases a research reporon the housing market. The most recent was a week ago. Hedre are there conclusions.
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Maui Real Estate
The Los Angeles Times reported the following:
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Maui Real Estate
In a survey conducted by the Federal Reserve Bank of Philadelphia, economists are mildly more optimistic than they were a year ago.
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Maui Real Estate
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?
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Maui Real Estate
