Warren Buffett

Warren Buffett : I’d buy up a couple hundred thousand single family homes if I could

When probably the greatest investor of our time makes a statement like the above then it is time to site up and take notice. Warren Buffett says along with equities, single-family homes are a very attractive investment right now. Appearing live on CNBC’s Squawk Box (http://www.cnbc.com/id/46538421 – 5.10 minutes in) Buffett says he’d buy up “a couple hundred thousand” single family homes if it were practical to do so. If held for a long period of time and purchased at low rates, Buffett says houses are even better than stocks.

All property markets recover and the USA will be no different. Markets such as Florida offer superb opportunities to buy single family homes at below replacement cost and with strong net rental yields of 5% plus. If Warren Buffet thinks now is the time to invest in this sector, then it is definitely time to do so.