Warren Buffet Says Buy Philadelphia Real Estate!
Warren Buffet Says Buy Philadelphia Real Estate!
Warrent Buffet recently told CNBC that he’d buy “a couple hundred thousand single family homes” if he were in a position to. Buffet feels that single family homes are an attractive investment in today’s market because if they were purchased at today’s low interest rates and subsequently held for a long period of time the rate of return would exceed stocks. Buffet advises buyers to utilize a 30 year, fixed rate mortgage and to refinance if it makes sense to do so. Interestingly Buffet added that if he could only own one bank stock he would purchase Wells Fargo.
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Blog post compliments of CenterCityTeam’s Philadelphia Real Estate Blog
Frank L. DeFazio, Esquire
Prudential Fox & Roach Realtors – Society Hill
530 Walnut Street, Suite 260
Philadelphia, PA 19106
215.521.1623 Direct
610.636.4364 Cellular
888.308.1148 Fax
[email protected]
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