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Health & Fitness

There's No Place Like Home: Warren Buffet Says So!

Many believe that Warren Buffet is the ultimate financial advisor. Koenig & Strey is a Berkshire Hathaway Company. Read some of Buffet's thoughts on current opportunities in the housing market.

Warren Buffet is seen by many as the greatest investor of our time. When he speaks, people listen. Occasionally we learn of how he privately
advises those closest to him.

Debbie Bosanek has been Buffet’s secretary for 37 years. 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.”

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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”.

When Mr. Buffett appeared live on CNBC’s Squawk Box this week he was asked about the current real estate market and whether he felt now was the time to buy.

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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.”

Although this was not a yes or no answer, clearly Mr. Buffet is believes home ownership is a great investment.

Over the past several months more and more financial experts are coming to the same conclusion: It’s time to buy real estate. After all everyone needs a place to call home.

Please feel free to contact me at smolitor@koenigstrey.com with any comments or questions.

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