If you really think that houses prices are going to go up…
![“If you really think that houses prices are going to go up next year and the year after, you feel if I don't buy it this year, I'm going to have to buy it next year. [...] And when somebody makes it very easy for you to do it by saying you don't really have to put up my money, you can lie about…” quote by Howard Warren Buffett](https://sms4smile.com/q/i/182/howard-warren-buffett-16158_cost_if-you-really-think-that-houses-prices-a_486111.jpg)
“If you really think that houses prices are going to go up next year and the year after, you feel if I don't buy it this year, I'm going to have to buy it next year. [...] And when somebody makes it very easy for you to do it by saying you don't really have to put up my money, you can lie about your income a little, or we'll give you 100 percent mortgage, you're going to do it, because everybody that's done it has been proven right. You have what they call social tools, and, you know, you're going to feel like an idiot if you didn't do it, because the house cost more.”
About This Quote
This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation.
Housing markets are driven by speculative expectations and easy credit, creating cycles of overbuying.
In simple terms: Speculation and easy loans push housing bubbles.
Key Takeaway
Beware of hype in real estate decisions.
Themes
speculation
finance
behavioral economics
Mood
cautious
analytical
Type
economic
advisory
When to use this quote
- buying a house
- investing
- loan applications
- policy making
Key Concepts
market psychology
credit risk
Questions to Reflect On
- What factors influence your home‑buying timing?
- How does credit availability affect market stability?
A Different Perspective
Assumes all buyers act rationally, ignoring affordability issues.