From one of the segments from earlier today (HERE,
starting at the 2:50 mark):
Warren
Buffett: …so I think that anybody that knows where they're going to want to
live, has a reasonably assured income…I think they're making a terrible mistake
if they don't buy a single family home now and get mortgages at these rates,
and they should get a 30-year mortgage. It’s really a golden opportunity. It
was a little bit better six months ago, but it’s still wonderful now. You’re
not going to see a chance like this five years from now. I’ll guarantee you
that.
Becky Quick:
Five years from now, it's going to be a different picture?
Warren Buffett:
Rates will be higher and all kinds of things. This is the time to buy, if you
know where you want to live. You've got to want to live there. A home's a
wonderful thing, but I wouldn't buy one if I was going to move in six months or
something of the sort. And I wouldn't buy one if I was terribly nervous about
my job.