Buyers
We are a Real Estate Investment Company and we believe in the current Real Estate Market. A recent article outlining Warren Buffet's comments (below) show his position aligns with SIG.
Warren Buffett: It’sTime to Buy Real Estate (by The KCM Crew on February 29, 2012)
Warren Buffett appeared live on CNBC’s Squawk Box this week. During the interview, he was asked about the current real estate market and ifhe felt nowwas the time to buy. His response was rather emphatic and has been used as a headline in hundreds of articles since the interview:
“If I had a way of buying a couple hundred thousand single-family homes I would load up on them.”
However, throughout the interview, he addressed the market from a few angles. Here he said:
Why invest in real estate now?
“It’s a way, in effect, to short the dollar because you can take a 30-year mortgage and if it turns out your interest rate is too high, next week you refinance lower. And if it turns out it’s too low, the other guy’s stuck with it for 30 years. So it’s a very attractive asset class now.”
Is buying your own home better than investing in stocks right now?
“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… It’s a terrific deal.”
Should we buy multiple houses?
“If I was an investor that was a handy type and I could buy a couple of them at distressed prices and find renters, I think it’s a leveraged way of owning a very cheap asset now and I think that’s probably as an attractive an investment as you can make now.”
Over the last couple of months, there have been an increase with financial analysts coming to the same conclusion: It is time to buy real estate.
We have licensed Real Estate Agents and Brokers on our staff that here to help and best of all, their service is FREE to buyers! To gain a head start use this tool to preview the California Real Estate market for yourself.