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.”
How rich do you need to be, you greedy fossil?
He is suffering from a severe form of mental illness (clinically diagnosed as a hoarder).
Unfortunately we celebrate people with mental health issues that make the world worse because they currently have the highest “score” in the game called money.
Funny enough recently passed laws could be used to “rehabilitate” billionaires by helping them free themselves from their hoarding disorders….
Exactly. I saw the headline and it just made me a little sick watching this guy, that so many think is the ‘good billionaire’ casually tossing out that he’s a-okay with finding people who’ve been fucked over by the banks and housing markets and stacking more cash he’ll never actually live to spend off of the corpses of their American dreams.