Warren Buffet Says The Real Estate Market Has Bottomed!

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Real Estate Broker 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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warren buffet says the real estate market has bottomed

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Rainmaker
447,855
Malcolm Johnston
Trenton Real Estate
Century 21 Lanthorn Real Estate LTD., Trenton, Ontario

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
Rainmaker
1,054,979
Wallace S. Gibson, CPM
LandlordWhisperer
Gibson Management Group, Ltd.

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
Rainmaker
1,089,581
Li Read
Caring expertise...knowledge for you!
Sea to Sky Premier Properties (Salt Spring)

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

February 28, 2012 10:39 AM
Rainmaker
484,189
Curtis Van Carter
Napa Valley's Broker Extraordinaire in Yountville
Coldwell Banker Brokers ofthe Valley, Yountville Napa Valley

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
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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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National/Local real estate topics, Cape Cod and the Internet. Cape Cod real estate company; and a national real estate web site REindex.com, The Site Engine® for other listing agents/brokers at no cost to them. I make a living listing and selling real estate on Cape Cod.

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