117
Warren Buffett Said Buying 'Distressed' Homes With 30-Year Mortgages And Renting Them Out Might Be The 'Most Attractive' Investment Available (news.yahoo.com)
submitted 1 year ago by to c/aboringdystopia@lemmy.world
21 comments fedilink hide all child comments
 

Buffett didn't hesitate. "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," he said.

He didn't stop there. "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... it's a leveraged way of owning a very cheap asset now, and I think that's probably as attractive an investment as you can make now."

you are viewing a single comment's thread
view the rest of the comments
[–] 7 points 1 year ago

Remember when any of these guys makes a statement about investment advice, it's not something that they want to do but something they will benefit from convincing you to do.

  • permalink
  • fedilink
  • source
  • parent