Warren Buffet Says The Real Estate Market Has Bottomed!

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Real Estate Agent with http://www.CapeGroup.com & http://www.REindex.com 9023635

Well, almost. Yesterday he actually said in a CNBC interview that he would buy houses by the hand-full. So if you have been sitting on the fence, or if you know someone who has been waiting to know if the real estate market has hit bottom, send them to read the transcript or watch the video of the interview.

Buffett says that real estate is a better place to put money than other investments. "I would say the single-family homes are cheap now," says Buffett to Becky Quick. He goes on to say, "I had a way of buying a couple hundred thousand single-family homes, ..."  he'd do it. If the Oracle of Omaha is saying this publicly, he's been saying it privately for awhile.

So if you or someone you know has been waiting for "THE Bottom" tell them it is here - and they may already be behind the curve. 

Warren Buffet Says The Real Estate Market Has Bottomed!

The link to the interview transcript: http://www.cnbc.com/id/46541258

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Rainmaker
447,863
Malcolm Johnston
Century 21 Lanthorn Real Estate LTD., Trenton, Ontario - Trenton, ON
Trenton Real Estate

Warren Buffett has a great track record, but he's been wrong about the housing market before. Hopefully he's right this time.

February 28, 2012 10:22 AM #1
Rainmaker
1,077,587
Wallace S. Gibson, CPM
Gibson Management Group, Ltd. - Charlottesville, VA
LandlordWhisperer

Buffet * in addition to being a TAX cheater is also saying that HOMEOWNERS VICTIMIZED Banks when they took out EQUITY that later DISAPPEARED from the BANKS that he had INVESTED in.....His comments are very self-serving.

http://www.bloomberg.com/news/2012-02-27/buffett-says-banks-victimized-by-evicted-homeowners-who-emerged-as-winners.html

February 28, 2012 10:26 AM #2
Rainmaker
1,120,660
Li Read
Sea to Sky Premier Properties (Salt Spring) - Salt Spring Island, BC
Caring expertise...knowledge for you!

Well, I agree with him...I think it's about the flight from cash!

February 28, 2012 10:39 AM #3
Rainmaker
525,509
Curtis Van Carter
Coldwell Banker Brokers of the Valley, Yountville Napa Valley - Yountville, CA
Napa Valley's Broker Extraordinaire in Yountville

Hi

I saw him on the show. He sure thinks a lot different than most people, referring to the number he would buy if he could figure out how to manage them. cheers cvc

February 28, 2012 10:47 AM #4
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Rainmaker
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Associate Broker Falmouth MA Cape Cod Heath Coker

Heath Coker Robert Paul Properties
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