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Old 05-23-2013, 10:18 AM   #15
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Quote:
Originally Posted by Topless View Post
I completely disagree with PL re: home ownership. It is only a pipedream if you are looking for short term gain or if your eyes are bigger than your wallet. Long term, real estate is a win and should be in the mix along with stocks for a true diversified investment strategy IMHO.

Warren Buffett agrees:Warren Buffett - Investing in U.S. Real Estate - YouTube

Buffett Says Buying His Home for $31,500 Was Third-Best Investment He Made - Bloomberg
If Warren Buffett put the $31K he used to buy his first home into shares of his own company instead, he'd have $42 million today... That house is not worth $42 million...

But that's why buying the home was such a wonderful investment. $42 million is 0.069% of his $60 billion net-worth. He could afford not to chase a better return elsewhere.
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Last edited by Perfectlap; 05-23-2013 at 10:25 AM.
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