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Saturday, February 26, 2011

Warren Buffett and home ownership

A house can be a nightmare if the buyer's eyes are bigger than his wallet and if a lender - often protected by a government guarantee - facilitates his fantasy. our country's social goal should not be to put families into the house of their dreams, but rather to put them into a house they can afford.

--- warren buffet, in his 2010 newsletter to shareholders

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