Warren Buffett says “Buy” (and buy American)
Related Posts: Real Estate - Investment, Real Estate Deals
hiWarren Buffett wrote an article on Friday in the New York Times. It’s very simple, direct, and to the point which is typical of his style for sure. Here’s a quote from the article that gets to the heart of it…
A simple rule dictates my buying: Be fearful when others are greedy, and be greedy when others are fearful. And most certainly, fear is now widespread, gripping even seasoned investors. To be sure, investors are right to be wary of highly leveraged entities or businesses in weak competitive positions. But fears regarding the long-term prosperity of the nation’s many sound companies make no sense.
He makes his point using examples from history including the depression of the 1930s. During that season, “the bottom” of the market happened 9 to 12 months BEFORE most people actually “felt good” about it. The market had risen over 30% before most investors re-entered the market.
Buffett’s article was focused on stock investments in US companies, but the same logic clearly applies to real estate investments as well. This is one of the most difficult times in the last 100 years of US history, BUT you can make huge gains in this market if you make your wise investments now.
Hamilton Mill & Gwinnett County are no exceptions. If you look forward 5 t 7 years from now, home values in Gwinnett will have likely doubled from their current levels. If you are in a position to look at the long term at all, a huge gain awaits.
Here’s a link to the entire Warren Buffett Article.
