According to the latest Case Schiller index. In ca. we saw the lowest rise in home sales as compared with other parts of the country. Hell no!!!
Warren Buffett says along with equities, single-family homes are a very attractive real estate investment right now.
Appearing live on CNBC’s Squawk Box, Buffett tells Becky 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.
If its good enough for Warren Buffet, it’s good enough for me.
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