FAQ's | About Us
HomePropertiesAbout UsBlogBroker Portal
Atlanta, Georgia
Cape Coral, Florida
Columbus, Ohio
Musa at Daniels - Fort Myers, FL
Royal Greens at Gateway
Broker Property Inventory
Foreign Tax Law
Cash Flow Analyzer Tool
Fully Managed Cash Flow Investment Real Estate in the USA
Cape Coral, Florida
Atlanta, Georgia
Columbus, Ohio
Musa at Daniels - Fort Myers, FL
Royal Greens at Gateway
Atlanta Cash Flow Webinar

Buffett Bets Big On US Houseing Market

Colin Brechbill - Thursday, June 21, 2012

*Buffett bets big on US housing market

*Buffett bets big on US housing market
Warren Buffett, arguably the world’s most famous investor, is looking to take a $3.85 billion bet on a US housing market recovery.

His firm Berkshire Hathaway Inc has submitted a $3.85 billion bid for the mortgage and loan business of bankrupt Residential Capital LLC.

Buffett is taking a “picks and shovels” approach to his investment in a US housing recovery by buying firms he believes will benefit strongly from an upturn without purchasing real estate directly.  He recently bought shares in a large US brick making company.

Encouragingly for agents and developers selling US property internationally, the world’s third richest man told CNBC earlier this year that his preference would be to invest directly in residential US real estate if the administration costs were not prohibitive.

“If I had a way of buying a couple hundred thousand single-family homes and had a way of managing—the management is enormous—is really the problem because they’re one by one.  They’re not like apartment houses.   So—but I would load up on them and I would—I would take mortgages out at very, very low rates,” he said.

The news on the US real estate market is not consistently positive but foreclosure have fallen on an annual basis for 20 straight months, according to RealtyTrac Inc., and home prices jumped 1.8 percent in March, the biggest monthly increase in at least two decades.

Trackback Link
Post has no trackbacks.




Recent Posts


Blog Archive



    As Featured On
    Investment Properties
    Meet Our Team
    About Us
    New Properties
    Atlanta Properties
    Woodcliff - Columbus, OH
    Musa - Ft. Myers, FL
    Royal Greens - Ft. Myers, FL
    Need Live Inventory?
    AgentLock Broker Site
    Market Education
    Investing News
    USAPD Blog
    10 Best Cities
    Cap Rates Explained
    Warren Buffet Says..
    Deal Notifications
    ©2009-2011 WRI Capital Group, INC / USA Property Dealer All Rights Reserved. Disclaimer. | 9720 Commerce Center Court, Fort Myers, FL, 33908 | 866.670.1335 Admin Login