These are words taken from an interview with ‘Warren Buffett’. He’s a
personal Hero of mine, because he is not only the most successful and respected
investor in the world today, amassing his $44 Billion fortune from making wise
real investment decisions, but because he has a knack of simply explaining what
many people consider to be complex investment decisions with some simple common
sense rules. He is also extremely humble and the head of ‘Berkshire hathaway’
the parent company to EWM.
“For the next five years, I recommend smart investors dedicate a
healthy portion of their investment portfolio to buying real estate whether it’s
your first home or a rental income property the return on investment is great.
In November, existing home sales rose 5.9% to an annualized rate of 5 million,
beating Wall Street expectations. Last month was the 17th consecutive month of
growth in the housing market and the highest level of sales since November 2009.
The national price for an existing home rose 10.1% to $180,600 in November
The housing recovery is accelerating for the next 3-5 years. Expect a
rise in home sales, construction, remodeling and real estate prices that will
help boost GDP. A new generation of Americans is growing up to create households
and families. Need to create family legacy will drive up the demand for home
Single family house are the best, I would load up on them, Attractive
asseet class now due to low interest, 30 year mortgage and finance the home,
leverage your money. Its a leveraged way to own an asset, that is as attractive
an investment as you can get.”
In summary here are the Golden Tips:
Invest in properties that will never run out of fasion and that are scarce.
Investments with unique features Examples will be: Ocean/Bay front properties.
For Condo’s: Properties on an Island like Brickell Key are after all limited
because there is no where else to build. As to consider are new ultra luxury
waterfront new condos that are unique in nature. Popular residential areas
with no room for expansion like Coral
Gables or Coconut
Grove are also a wise choice.
Buying a home is a smart investment now. Real estate mortgages are low
hovering around 3.27% ranges while rent costs continue to rise at a staggering
rate and with huge numbers of new companies setting up a base in Miami – The
latin hubb of business. Demand for families who need housing is stronger now
more than ever. This is not the speculative investor market as we had before.
This is real people, who need and want real places to live.
Warren Edward Buffett is an American business magnate, investor, and
philanthropist. He is widely considered the most successful investor of the 20th