by Dave Miller
In an interview last week Warren Buffet told young investors to go out and buy single family homes. He explained how it is a way to short the dollar.
Here is the interview: Warren Buffet on Buying Homes
His down side to buying a couple hundred thousand houses is the management aspect. I’m not sure why he considers that to be a problem as there is good money in management. He could just buy his own management company and make a profit there also.
Yet management continues to be the biggest hang up for people contemplating their first purchase. And as they buy more that fear diminishes, or so I tend to find it. My findings are this; if you are purchasing detached single family homes you are in different category than multi-family or apartment style homes. The type of people renting single family homes tend to be more responsible. For one, they can afford the higher rent; this tells you a lot about the person.
So if you can buy single family homes in the country or in a nice development at a good price I agree with Warren Buffet; it should be a great investment over the years.
Buy single Family homes