Cycling and bicycle discussion forums. 
   Click here to join our community Log in to access your Control Panel  


Go Back   > >

Foo Off-Topic chit chat with no general subject.

User Tag List

Reply
 
Thread Tools Search this Thread
Old 10-21-12, 09:52 PM   #1
Closed Office
Senior Member
Thread Starter
 
Join Date: May 2008
Location: Calgary, Alberta
Bikes:
Posts: 679
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Warren Buffett recommends buying single family homes

He suggests it's an investment worth more than the stock market. He even sounds a bit disappointed that he can't buy them all up and put managers in charge of them.

I'll put the link to the YouTube video here, and then try to embed it in the next post, so it will show up the right size for those of us who see the ads.

http://www.youtube.com/watch?v=XOGP6hd0B24

Last edited by Closed Office; 10-21-12 at 10:06 PM.
Closed Office is offline   Reply With Quote
Old 10-21-12, 10:00 PM   #2
Closed Office
Senior Member
Thread Starter
 
Join Date: May 2008
Location: Calgary, Alberta
Bikes:
Posts: 679
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Since there has been at least one topic I remember about buying a house, it's probably nice to have heavyweight support like this for the idea.

Closed Office is offline   Reply With Quote
Old 10-22-12, 01:04 AM   #3
chewybrian 
"Florida Man"
 
chewybrian's Avatar
 
Join Date: Mar 2008
Location: East Florida
Bikes: '66 Raleigh Superbe, 80 Nishiki Maxima, 07 Gary Fisher Utopia, 09 Surly LHT
Posts: 1,573
Mentioned: 2 Post(s)
Tagged: 0 Thread(s)
Quoted: 66 Post(s)
He's so right, as usual. I've been looking at investment real estate off and on for 20 years or so. The last couple years, for the first time, you can buy a good home in a decent neighborhood, finance the whole thing (if you could get a 100% mortgage, in theory), and start banking money right away. You don't need appreciation or inflation to get a return on your money, though you're pretty likely to get them in the long run anyway.

It's a real no-brainer investment right now. The only stumbling blocks are tight or poor credit, and people's fears. Many people who got burned trying to 'flip' houses during the bubble can not be convinced to buy now, no matter how cheap the prices. Add in give-away interest rates, near zero savings returns, and questionable prospects for stocks (manufacturing getting beat down by China, and retail by the internet), and people should be lining up to buy houses.

Managing homes is a different animal. If you don't want to be in that business, fine. But, if you are planning to stay in an area for at least a few years, then buying your own home should easily beat renting for now.
__________________
Campione Del Mondo Immaginario
chewybrian is offline   Reply With Quote
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off



All times are GMT -6. The time now is 10:05 PM.