I’d Buy Up A Couple Hundred Thousand Homes If I Could

March 7, 2012 Real Estate News

Warren Buffett on CNBC: I’d Buy Up ‘A Couple Hundred

Thousand’ Single-Family Homes If I Could

Published: Monday, 27 Feb 2012 | 6:17 AM ET
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By: Alex Crippen
Executive Producer

Warren Buffett and Becky Quick in Omaha
David Grogan/CNBC

Warren Buffett says along with equities, single-family homes are a very attractive investment right now.

Appearing live on CNBC’sSquawk Box, Buffett tellsBecky Quick he’d buy up “a couple hundred thousand” single family homes if it were practical to do so.

If held for a long period of time and purchased at low rates, Buffett says houses are even better than stocks.  He advises buyers to take out a 30-year mortgage and refinance if rates go down.

 

 

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