This excerpt from Lifestyle Property Solutions' monthly newsletter was too good to ignore. It adds to the rising chorus of news that the housing sector is improving and that we should be facing the future with optimism and a can-do spirit--just like we Americans always have.
"This month we depart from our usual format to include select comments from one of America's most respected businessmen and investors, Warren Buffett. In the 2010 Berkshire Hathaway Annual Report that was just released, Buffett makes some provocative remarks concerning America, its business and our future.
· "Last year--in the face of widespread pessimism about our economy--we demonstrated our enthusiasm for capital investment at Berkshire by spending $6 billion on property and equipment. Of that amount, $5.4 billion--or 90% of the total--was spent in the United States.
Certainly our businesses will expand abroad in the future, but an overwhelming part of their future investments will be at home. In 2011, we will set a new record for capital spending--$8 billion--and ALL of the $2 billion increase will be in the United States."
· "Money will always flow toward opportunity and there is an abundance of that in America. Commentators today often talk of 'great uncertainty.' But think back, for example, to December 6, 1941, October 18, 1987 and September 10, 2001. No matter how serene today may be, tomorrow is always uncertain."
· "Don't let the reality spook you. Throughout my lifetime [Note: Warren Buffett is 81 years old this year], politicians and pundits have constantly moaned about terrifying problems facing America. Yet our citizens now live an astounding six times better than when I was born.
The prophets of doom have overlooked the all-important factor that is certain: Human potential is far from exhausted, and the American system for unleashing that potential--a system that has worked wonders for over two centuries despite frequent interruptions for recessions and even a Civil War--remains alive and effective."
In the report, Buffett predicts the housing recovery will begin within a year. This may or may not be a revelation for you, but with customers again showing interest in real estate, our opportunity is upon us. If one of the foremost investors in America is very optimistic about America's future, perhaps you should be, too.
For more information about Lifestyle Property Solutions, call (704) 962-6002 to get your real estate sales and marketing team prepared for the coming year.
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