A Boring Dystopia

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Warren Buffett Said Buying 'Distressed' Homes With 30-Year Mortgages And Renting Them Out Might Be The 'Most Attractive' Investment Available (news.yahoo.com)

submitted 11 months ago by FlashMobOfOne@lemmy.world to c/aboringdystopia@lemmy.world

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Buffett didn't hesitate. "If I knew where I was going to want to live the next five or 10 years, I would buy a home and I'd finance it with a 30-year mortgage, and it's a terrific deal," he said.

He didn't stop there. "If I was an investor that was a handy type, which I'm not, and I could buy a couple of them at distressed prices and find renters... it's a leveraged way of owning a very cheap asset now, and I think that's probably as attractive an investment as you can make now."

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[–] Ajen@sh.itjust.works 76 points 11 months ago* (last edited 11 months ago) (1 children)

Wow, very misleading article. Buffet said those things in 2012, right as the economy was starting to recover from the great recession. Things are very different now.

[–] FlashMobOfOne@lemmy.world 13 points 11 months ago (1 children)

And yet, still illustrative of the parasitic, evil mentality of billionaires.

[–] Ajen@sh.itjust.works 8 points 11 months ago

Most upper-middle class people are also looking for good investment opportunities. I'm talking about people who might have a net worth of far less than a million dollars. Let alone a billion.