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.”
And yet, still illustrative of the parasitic, evil mentality of billionaires.
Most upper-middle class people are also looking for good investment opportunities. I’m talking about people who might have a net worth of far less than a million dollars. Let alone a billion.