Warren Buffett: Is it time to buy Real Estate?

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We all know who Warren Buffett is and when he speaks people listen. Well last week Warren Buffett was interviewed on CNBC and was talking about Real Estate. Specifically is it a good time to buy real estate in the United States…

Warren Buffett and Real Estate

Is buying your own home better than investing in stocks right now?

“If I knew where I was going to want to live the next five or 10 years I would buy a home and I’d finance it with a 30-year mortgage… It’s a terrific deal.”

Should we buy multiple houses?

“If I was an investor that was a handy type and I could buy a couple of them at distressed prices and find renters, I think it’s a leveraged way of owning a very cheap asset now and I think that’s probably as an attractive an investment as you can make now.”

Interestingly enough a couple of my clients who are investors in Charlottesville Real Estate have bought more than one home in the last year. This is because they see this as an opportunity.

Personally I always think it is best to own your own home.

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Charles McDonaldBy Charles McDonald - Charles, and his firm, Charlottesville Real Estate Solutions, are known locally and around the world for helping people move in and out of the Charlottesville area. His background (running his own engineering firm for 20+ years in the Silicon Valley) has given him the skills to not only develop this site but also to manage a stellar group of agents!
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