Hello Everyone,
I thought I would share this article that I read about Warren Buffets take on the current real estate market in the US. Happy Investing. Enjoy:
Warren Buffett, the billionaire investor and Berkshire Hathaway CEO, said on CNBC's "Squawk Box" recently that he'd "buy up a couple hundred thousand" single-family homes if it was practical.
Buffett said that's because he believes purchasing a home with ultra-low mortgage rates and holding it for the long-term has become a better investment than stocks right now.
"Housing will come back, you can be sure of that," Buffett wrote in his annual letter to shareholders recently.
Buffett forecasts an increase in household formations, as more people who moved in with their parents or family members during the recession look to move out and get their own home soon.
"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," Buffett said.
Buffett said the recovery in the housing market could vary quite a bit among local housing markets, however. He did not provide a timeline of when he expected a full housing recovery, admitting that his prediction last year that a housing recovery will take shape within the year turned out to be "dead wrong.
Chris@AREI wrote:Hello Everyone,I thought I would share this article that I read about Warren Buffets take on the current real estate market in the US. Happy Investing. Enjoy:
Warren Buffett, the billionaire investor and Berkshire Hathaway CEO, said on CNBC's "Squawk Box" recently that he'd "buy up a couple hundred thousand" single-family homes if it was practical.
Buffett said that's because he believes purchasing a home with ultra-low mortgage rates and holding it for the long-term has become a better investment than stocks right now.
"Housing will come back, you can be sure of that," Buffett wrote in his annual letter to shareholders recently.
Buffett forecasts an increase in household formations, as more people who moved in with their parents or family members during the recession look to move out and get their own home soon.
"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," Buffett said.
Buffett said the recovery in the housing market could vary quite a bit among local housing markets, however. He did not provide a timeline of when he expected a full housing recovery, admitting that his prediction last year that a housing recovery will take shape within the year turned out to be "dead wrong.
If I see that Quote from Warren Buffet one more time I promise I will be sick. Media hype is so over rated …
I hear ya Alex, but there is a lot of truth behind what is said.
He believes purchasing a home with ultra-low mortgage rates and holding it for the long-term has become a better investment than stocks right now. I agree, even better when you buy with cash$
Sorry guys. After I posted this i saw it had been posted earlier. My apologies.
no worries
kylermrice wrote:I hear ya Alex, but there is a lot of truth behind what is said.He believes purchasing a home with ultra-low mortgage rates and holding it for the long-term has become a better investment than stocks right now. I agree, even better when you buy with cash$
sure I agree but in last month do you know how many USA and Over sea teams sent this to me. Saying buy now , Puke , puke , Puke . Okay better now .. LOL again this is what leads the blind to jump in and just get involved in real estate.
just my two cents
Chris@AREI wrote:Hello Everyone,I thought I would share this article that I read about Warren Buffets take on the current real estate market in the US. Happy Investing. Enjoy:
Warren Buffett, the billionaire investor and Berkshire Hathaway CEO, said on CNBC's "Squawk Box" recently that he'd "buy up a couple hundred thousand" single-family homes if it was practical.
Buffett said that's because he believes purchasing a home with ultra-low mortgage rates and holding it for the long-term has become a better investment than stocks right now.
"Housing will come back, you can be sure of that," Buffett wrote in his annual letter to shareholders recently.
Buffett forecasts an increase in household formations, as more people who moved in with their parents or family members during the recession look to move out and get their own home soon.
"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," Buffett said.
Buffett said the recovery in the housing market could vary quite a bit among local housing markets, however. He did not provide a timeline of when he expected a full housing recovery, admitting that his prediction last year that a housing recovery will take shape within the year turned out to be "dead wrong.
In this media interview Buffett say he he "dosnt care" and a" hurricane " could be heading our way
http://www.youtube.com/watch?v=BPCjC543llU&feature=player_detailpage#t=129s
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