Recently Warren Buffett, the multi-billionaire investor and CEO stated that because purchasing a home with extremely low mortgage rates has become such a better investment that playing the normal stock market game, he’d “buy up a couple hundred thousand” homes if it was the practical thing to do.
During the housing crisis, Buffett explained that many households were transformed and sacrifices were made to get by, such as moving in with family members to save the all mighty dollar and keep their standard of living as close to normal as possible. However, Buffett quickly reminded us that although during tough times, we make sacrifices wherever possible, that living with family members and close friends can very quickly lose its appeal and he believes that when recovery begins, these penny pinchers will be the ones who help boost the housing recovery by purchasing homes of their own again.
In his yearly letter to his shareholders, he made it publicly known that housing will come back, it was a sure thing, but how long the housing market would take to fully recover from its extreme downfall was unknown. He stated that his initial prediction that the housing market would start to plump up within the last year or so was in his words “dead wrong.”
Buffett said that the housing market could take a longer time to bounce back in some areas of the US than others, such as Florida and areas of Nevada which were hit hardest by the housing depression.
Jennifer Cook, Raul Aleman and the entire Bahia Realty Group team of real estate professionals welcome the opportunity to speak with you personally to discuss how to help you find, buy or sell your Orlando home or real estate investment property; secure mortgage financing; or help you relocate to the Orlando area. Please call 407-956-5443 or email info@OrlandoRealEstateLink.com for assistance.
Visit: www.orlandorealestatelink.com for a list of available homes in Orlando. We specialize in new homes, luxury properties, condos, villas, gated communities and homes with pool.
We also offer full service property management for Orlando.
Spanish site is also available: http://www.casasorlando.com/.
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