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Warren Buffet Says The Real Estate Market Has Bottomed!

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

Heath Coker, Associate Broker
Robert Paul Properties
www.CapeGroup.com / capegroup@capegroup.com
508-274-5613  Licensed in MA
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Comments

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

Posted by Malcolm Johnston, Trenton Real Estate (Century 21 Lanthorn Real Estate LTD., Trenton, Ontario) over 8 years ago

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

Posted by Wallace S. Gibson, CPM, LandlordWhisperer (Gibson Management Group, Ltd.) over 8 years ago

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

Posted by Li Read, Caring expertise...knowledge for you! (Sea to Sky Premier Properties (Salt Spring)) over 8 years ago

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

Posted by Curtis Van Carter, Your Napa Valley Broker Extraordinaire (Better Homes & Gardens Wine Country Group) over 8 years ago

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