What Does Warren Buffet Think About Buying A Home?
Warren Buffet is seen by many as the greatest investor of our time. When he speaks, people listen. Like anyone else in his position of influence, he is criticized by some for using his bullhorn to promote his own business agendas at times. That makes it very interesting when we occasionally learn of how he privately advises those closest to him.
Such a situation occurred this week. Debbie Bosanek, Warren Buffet’s secretary of 37 years, recently purchased a second home in Surprise, Arizona.
In an article in the Omaha World Herald, Mrs. Bosanek discussed her reasons for purchasing a second home and the personal advice she received from Mr. Buffet.
“I just thought it was time to buy a home. Warren tells me that it will be the best opportunity in my lifetime. Mortgage rates are low and prices have dropped dramatically…I share Warren’s view about the future of America, and we believe that our country will do just fine. I’m happy to make this investment.”
The greatest investor of the last century privately has told the people closest to him that buying a home right now “will be the best opportunity in [their] lifetime”.
That’s good enough for us. How about you?
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Great Post, We agree! Check out the letter from our CEO to see all the factors that make now the time to Buy A Home – http://www.greenstonehomes.com/vision/ceoletter.html
How ironic his Secretary can purchase a 2nd home when she has to pay so much more in taxes than he does according to Buffet….then again a six figure salary as secretary cures many ills….
When else in the last 50 yrs have you had both relatively low home prices and the lowest interest rate in history? If you can qualify for a loan, it is the best long term investment you will see in this lifetime.
Drink up kiddies, sounds good, but we’ve got another 30% to go.
If you’ve got cheap capital and can wait at least 5 years, then housing can be a great investment. Rental trends haven’t been this strong in decades.
Great post. Obvious it is very dependent on the absorption rate in “your” given market, but the fundamentals are there. Ivy Zelman, a globally recognized housing expert called the bottom in housing on CNBC a few weeks back. I love what I’m seeing in King County (Seattle) as well.