Tuesday, February 28, 2012

Warren Buffet on Buying a Home...


Warren Buffett quoted on CNBC February 27, 2012
BUFFETT: “Well, 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, and it's a terrific deal. And if I, literally, if I was an investor that was a handy type, which I'm not, and I could buy a couple of them at distressed prices and find renters, I think that's— and again take a 30-year mortgage, it's a leveraged way of owning a very cheap asset now and I think that's probably as an attractive an investment as you can make now.”

    


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