Or as my grandson says, a swanwich. Either way, sandwich or swanwich, the news is fantastic! Warren Buffet believes the U.S. real estate market is improving and will continue to improve and put his money where his mouth is! (I don't believe Warren Buffet does anything lightly.)
With all the bad news swirling around us in New England this past week with Hurricane Sandy, I received an email from our corporate office that lifted my spirits. Berkshire Hathaway (Warren's company) now has controlling interest in Brookfield Residential Property Services.
Now how does that put me in a Warren Buffet Real Estate Sandwich?
In December of 2011, Brookfield Residential Property Services bought Prudential Real Estate & Relocation Services.
In April 2012, HomeServices of America, a division of Berkshire Hathaway, purchased Prudential Connecticut Realty.
On October 30, 2012, it was announced that Berkshire Hathaway has made a deal with Brookfield Asset Management and now has controlling interest in the company.
I am in a Warren Buffet Real Estate Sandwich. I work for Warren Buffet, and I work for Warren Buffet. There I am, in the middle of it all.
All good news indeed! I feel even more optimistic about the future of real estate in this country. I know we have a long road ahead, we have hiccups and setbacks, but if Warren Buffet believes that there is recovery in the U.S. real estate market, I will take it and run with it.
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team
Good morning, Andrea....I understand that Real Living is part of that mix too.... and that looks like a genoa salami sandwich....
Oct 31, 2012 10:23 PM
Eagle Ridge Realty / Signature Homes & Estates - Gilroy, CA
REALTOR and Broker
It was interesting to read that Warren Buffet did acquire Prudential. He seems to be investing in a lot of US companies lately, like the railroad he bought. I like that he bets on the US, and I am a huge follower of his.
Oct 31, 2012 10:25 PM
Realty One Group - www.FindCARealEstate.com - San Juan Capistrano, CA
Orange County Real Estate - 949-500-0484
Lucky you! Warren Buffet usually makes good investment choices and betting on the real estate recovery is no different. Regards Dave
Nov 01, 2012 01:18 AM
Homes By Cross, Inc. - Charlotte, NC
Charlotte NC Homes For Sale
Berkshire Hathaway HomeServices New England Properties - New Milford, CT
Realtor, Southern Litchfield County CT
Barbara, that is their brand, yes. I have no idea what this means for us in the future, as in a name change. Nor do I care. I do like "the rock" for brand recognition, but who knows. More info to come. All I know is that I work for Warren, on both sides. And I feel pretty good about it, genoa or hard salami... it's still swanwiched between two slices of Warren.
Gary, I am now a big follower of his, LOL. I always had great respect for him though.
David, yes, lucky me indeed!
Claude, I don't see any of it as a loss, only a win-win situation!
Nov 01, 2012 11:37 AM
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN
The investment by Warren Buffet is a sign of his and his company’s belief in the vitality of the real estate industry and the soundness of home ownership as well as the long-term investment value of residential real estate.
As a Prudential Realtor, I am waiting to see if it makes a difference for me. For now, it is business as usual because I would be doing myself and my clients a disservice if I allowed myself to be distracted by what is going on at levels of our company far, far removed from our daily lives.
Nov 01, 2012 02:24 PM
JFIVE Home Realty LLC | 845-758-6842|162 Deer Run Rd Red Hook NY 12571 - Rhinebeck, NY
Mid Hudson Valley real estate connection
Andrea I think 2013 is going to be a very interesting year for the real estate industry. I hope the Warren Buffet sandwich will be good for you.
Have a great weekend.
Nov 01, 2012 10:58 PM
Berkshire Hathaway HomeServices New England Properties - New Milford, CT
Realtor, Southern Litchfield County CT
John, I am curious as to what this all shakes out to be. For me he is on both sides and I find that very, very interesting.
Jennifer, I am sure it is a great sign of good things to come!
Nov 01, 2012 11:25 PM
Rainmaker
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Andrea Swiedler
Realtor, Southern Litchfield County CT
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Real estate and local area information for Southern Litchfield County CT. I assist buyers and sellers in New Milford, Bridgewater, Roxbury, Washington, Warren, Kent & Sherman.
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Real estate and local area information for Southern Litchfield County CT. I assist buyers and sellers in New Milford, Bridgewater, Roxbury, Washington, Warren, Kent & Sherman.
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