Warren Buffet doubling down on apartments, are you?

[Colton Hahn]

Hey BP Fam!

Warren Buffet recently did an interview (seen here) in which he gave this interesting quote: 

""Apartment buildings are another asset that Buffett wouldn’t mind owning at the right price.

“[If] you offer me 1% of all the apartment houses in the country and you want another $25 billion, I’ll write you a check. It’s very simple,” the legendary investor says.

Whether the economy is booming or in a recession, people need a place to live. And with real estate prices rising to unaffordable levels in many parts of the country, renting has become the only option for many people."

What is everyones thoughts?  I tend to agree with the number of renters increasing which will drive up occupancy and rents.

[Bjorn Ahlblad]

Maybe Warren Buffet is a secret member of BP? I see he has his own version of the 1% rule?