Tips to Take to the Bank: Real Estate Wisdom from Billionaire Warren Buffett

Posted: April 6th, 2011 by Just Real Seattle

As the third wealthiest human being on the planet, Warren Buffett knows a thing or two about making money. With all the negativity about the market the past few years, Buffett is steadfast in his commitment to real estate as a sound financial investment.  Here’s what he says about owning property today:
 
1) The basic premise that homes increase in value is “totally sound.”

2) Buy low, and now’s the time for that. In his famous annual report to his company, Berkshire Hathaway’s, investors he says that “home ownership makes sense for most Americans, particularly at today’s lower prices and bargain rates.”

3) Don’t wait too long. Buffett warns for those riding the fence, “if you wait for robins, Spring will be over.”

4)   Smart homeownership has three elements: a fixed mortgage, affordable payments and long-term hold.

5)   Buying your dream home may be a nightmare “if the buyer’s eyes are bigger than his wallet.”
 
With his proven track record, if Buffett feels so strongly about the continued value of homeownership, you know you can take it to the bank.

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