2015 BUYER CONSIDERATIONS
Warren Buffett’s Final Word on Real Estate
Arguably, the most famous and successful investor in the world is Warren Buffet. Buffet’s uncanny ability to invest is legendary. For those of us that are old enough to remember, there used to be an ad campaign that professed “When E.F. Hutton talks, people listen.” In the world of investment today, when Warren Buffet talks, everyone listens.
So, what does Buffet think about housing as an investment? On CNBC’s February 27th edition, Buffet stated that he would buy a coup
le hundred thousand single family homes if it were practical. He stated several reasons. They include:
The number of new households being formed now exceeds the number of new households being built.
With ultra-low mortgage rates, holding real estate long term is now a better investment than stock.
The initial responses to adapting to the recession of renting or just living at home, have lost their allure.