Warren Buffett’s advice on buying real estate: Episode #191
Warren Buffet’s secretary of 37 years bought a second home. Here was her advice to him.
Hello! Welcome to Todd Miller TV. I read an interesting article today at my iPad, I wanted to share it with you; and the title of the article is “What does Warren Buffett think about buying a house.” Many of you probably know he’s one of the wealthiest people in the world. probably one of the best investors of all time. And recently, his secretary of 37 years bought a 2nd home and she told Mr. Buffett this and this was his response, this is what she stated for the article that he had told her. This is a quote from her. “I just thought it was a good tome 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. So we have mortgage rates low, and the prices are ridiculously low. Probably the combination to what we’ve never seen. We’ve never seen interest rates below 3% for a 5 year arm and below 4% for a 30 year fix and home prices adjusted for inflation or probably the lowest they’ve ever been ever here in Las Vegas at least. So I just wanted to share “Warren Buffett’s thinks it’s a good time to buy a home.” You probably is, and there’s a lot of people out there doing it. There’s a lot of homes out there still but they’re getting absorbed pretty quickly. So I thought I would share that with you and that is my quick update for today and hope to see you on another video. Thanks!