Luxury Connect
Meet the Luxury Leaders | October 19-20 | Beverly Hills

A couple of weeks ago, in his annual letter to Berkshire Hathaway shareholders, CEO Warren Buffett expressed his belief that "homeownership makes sense for most Americans, particularly at today's lower prices and bargain interest rates." Keyword: makes sense. These days, sensible seems to be what the post-recessionary American housing consumer is shooting for (though sometimes even the best of us miss our mark). Sensibility is a near synonym for responsibility, one of the key pieces to the puzzle of "What Investors Really Want," as explored in the recent book by behavioral finance sage Meir Statman. But Statman makes a strong case that investors also want "high status and respect."In the context of real estate, status-seeking and responsibility have ...