Warren Buffett Quotes:
Ocupation: Investor
Life: b. August 30, 1930
Birthday: August 30
But 300 million Americans, their lending institutions, their government, their media, all believed that house prices were going to go up consistently. And that got billed into a $20 trillion residential home market. Lending was done based on it, and everybody did a lot of foolish things.
source: "Warren Buffett: I Haven't Seen As Much Economic Fear In My Adult Lifetime". "Charlie Rose", www.cnbc.com. October 1, 2008. 
topic: Home, Government, Media, House Prices
