Warren Buffet Thinks America Can F&%$ Away the Housing Crisis

Tara Bush to Raise Home Prices in Fetish Shoot

But he’s a goddamn genius! Just saw this tidbit in the equally eyebrow raising “Sovereign Man” newsletter which is dedicated to telling idiots that they’d be safer in communist countries on tourist visas during an economic collapse than staying in America. That idea is nowhere near as vacuous as what he reported Buffet believes to be the future of the housing market:

Last but not least, I would be completely remiss if I didn’t mention the Oracle’s failed prophesies on the US housing market. Wrong, wrong, and wrong.

Buffett has written a number of times that the US housing market would turn around in… 2010. Make that 2011. Make that 2012. Oops.

In his annual letter to shareholders from earlier this year, Buffett finally admitted that he was “dead wrong” predicting the end of US housing woes, but is still convinced that a turnaround is in the works.

His reasoning? Coitus.

Buffett’s latest hypothesis is that good ole’ fashioned American sex drive will cause a population boom that generates demand for housing:

“People may postpone hitching up during uncertain times, but eventually hormones take over. And while ‘doubling-up’ may be the initial reaction of some during a recession, living with in-laws can quickly lose its allure.”

There you have it: America is going to fornicate its way out of the housing crisis.

Buffet is a liberal so you would think he’d have a better understanding of the pill, condom and the abortions his ilk think should be mandatory for every first pregnancy. I guess he knows the truth that condoms break, the pill fails and most people don’t like abortions. But still – you take investment advice from this guy? Let’s be honest here for a moment. With socialist style government intervention and the Fed destroying the dollar and creating rampant inflation would any of Buffet’s investments be doing that well?

If you believe Warren Buffet the government should be able to start selling more houses by streaming soft core and arranging cocktail mixers. If anything shows how out of touch Obama’s corporatist business partners are it should be this.