Off-topic for aiqbench
This story was gathered from a source we follow but falls outside AI and quantum coverage, so there is no aiqbench take for it.
‘American dream will continue to exist’: Warren Buffett’s successor is betting big on U.S. housing
Berkshire Hathaway CEO Greg Abel has made three big homebuilding moves since taking over from Buffett, even as he concedes there’s no “quick recovery” coming for the housing market.
Berkshire Hathaway is doubling down on U.S. homebuilders, even as the housing market struggles to find its footing. Since Greg Abel succeeded Warren Buffett as CEO on Jan. 1, Berkshire has made three major moves in homebuilding. In late May, it agreed to acquire Taylor Morrison, the nation’s sixth-largest homebuilder, in a cash deal worth $6.8 billion in equity and about $8.5 billion including debt. The…
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