Billionaire investor and philanthropist Warren Buffett recently expressed strong support for America’s real estate market. “Homeownership makes sense for most Americans,” he wrote, “particularly at today’s lower prices and bargain interest rates.”
Buffett pens a yearly letter to shareholders as CEO of Berkshire Hathaway Inc. His most-recent letter states that, in Buffett’s experience, purchasing wedding rings is the only investment that’s better than buying a house.
“My family and I gained 52 years of terrific memories with more to come” living in their five-bedroom stucco home in Omaha, NE, Buffett explains. Homeownership allows us to build an enjoyable life – while our owner equity also grows over time.
Fortunately, we don’t have to be billionaires to obtain those advantages. Purchasing a house now can increase your satisfaction in life for years to come.
OUR BEST DAYS
Warren Buffett exudes a strong belief in America. He writes that “there is an abundance” of opportunity in this country – even though we can’t be certain how the future will turn out. But “don’t let that reality spook you,” adds Buffett.
“Throughout my lifetime, politicians and pundits have constantly moaned about terrifying problems facing America,” he adds. “Yet our citizens now live an astonishing six times better than when I was born. The prophets of doom have overlooked the all-important factor that is certain: Human potential is far from exhausted, and the American system for unleashing that potential – a system that has worked wonders for over two centuries despite frequent interruptions for recessions and even a Civil War – remains alive and effective.”
“America’s best days,” Buffett contends, “lie ahead.”