Monday, February 27, 2012

Warren Buffett I'd Buy Up Single-Family Homes If I Could

Warren Buffett says along with equities, single-family homes are a very attractive investment right now.

Buffett says houses are even better than stocks. He advises buyers to take out a 30-year mortgage and refinance if rates go down.

Buffett revealed that he put 175 million euros into each of eight European stocks on behalf of Berkshire Hathaway at the end of 2011, but did not reveal the names of those stocks.

Buffett defends Berkshire's decision not to disclose the name of the person the board has chosen to be his successor as CEO, saying he has invested in many companies where he didn't know who would be the next person running the company.

All American Investor

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Original content Bob DeMarco, All American Investor