Warren Buffet and Real Estate
Warren Buffer in a Squawk Box interview revealed if he had the time and patience or if he were somewhat broke, would have gotten into real estate residential investing. In that three hour interview, he mentioned it three times. Warren strongly believes in the American economy and the basic common sense that in spite of hard times, people have to eat, drive, sleep, shelter, take care of themselves and every of his investment reflects the common needs of humans. It is worthy to note Warren bought his first stock at a time when America was about to enguage in war and ever since all his investments sustained worth or value in spite of difficult times. Warren encourages the urgency to buy houses. He said once you have a job that will last and the interest rates low, take advantage of the fact that lower interest rates will reduce your overall buy and will gradually increase your real estate value as the economy slowly rebounds. People will have to sleep and shelter somewhere, why not an affordable Home.