What's the World's Greatest Investor Saying About Real Estate in 2012?
Hello Hampton Roads,
The winds of change are in the air for the real estate market in 2012 and it's a positive change for all home buyers whether they are first time buyers, investors or even move up buyers!
Warren Buffet, known to be the world's greatest investor was recently asked about real estate on CNBC's Sqawk Box on February 27, 2012:
Here's the scoop:
Is real estate is a good buy today:
"Single family homes are cheap now...If I had a way to buy a couple hundred thousand single family homes I would load up on them"
Why invest in real estate now?
"It's a way, in effect, to short the dollar because you can take a 30 year mortgage and if it turns out your interest rate's too high, next week you refinance lower. And if it turns out it's too low, the other guy's stuck with it for 30 years. So it's a very attractive asset class now."
Should an young investor buy stocks or his first home?
"If I knew where I was going to want to live the next 5 or 10 years I would buy a home and I'd finance it with a 30 year mortgage...It's a terrific deal."
On buying multiple homes....
"If I was an investor that was a handy type and I could buy a couple of them at distressed prices and find renters, I think it's a leveraged way of owning a very cheap asset class now and I think that's probably as an attractive an investment as you can make now."
If you are considering buying a home to live in or as an investment, now may be the perfect time as both interest rates and prices are are still low! As always, feel free to contact me to discuss your real estate needs.
Thanks for Reading,
______________________________
Serving your Hampton Roads and Virginia Beach Real Estate needs.
The winds of change are in the air for the real estate market in 2012 and it's a positive change for all home buyers whether they are first time buyers, investors or even move up buyers!
Warren Buffet, known to be the world's greatest investor was recently asked about real estate on CNBC's Sqawk Box on February 27, 2012:
Here's the scoop:
Is real estate is a good buy today:
"Single family homes are cheap now...If I had a way to buy a couple hundred thousand single family homes I would load up on them"
Why invest in real estate now?
"It's a way, in effect, to short the dollar because you can take a 30 year mortgage and if it turns out your interest rate's too high, next week you refinance lower. And if it turns out it's too low, the other guy's stuck with it for 30 years. So it's a very attractive asset class now."
Should an young investor buy stocks or his first home?
"If I knew where I was going to want to live the next 5 or 10 years I would buy a home and I'd finance it with a 30 year mortgage...It's a terrific deal."
On buying multiple homes....
"If I was an investor that was a handy type and I could buy a couple of them at distressed prices and find renters, I think it's a leveraged way of owning a very cheap asset class now and I think that's probably as an attractive an investment as you can make now."
If you are considering buying a home to live in or as an investment, now may be the perfect time as both interest rates and prices are are still low! As always, feel free to contact me to discuss your real estate needs.
Thanks for Reading,
______________________________
Serving your Hampton Roads and Virginia Beach Real Estate needs.
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