Warren Buffett: Why Buying a House is a LOUSY Investment

Home equity is collateral, a rented home is not. You also get tax free capital gains on a primary residence below a certain amount.

Never buy a house when you are single and want to mingle. Never buy a house when you have a crap little job and don't plan on sticking around very long. Never buy a house if you are not married and do not have kids. Basically just don't buy a house. Unless you have the money to pay for most of it right off the bat. Because you're going to be spending all kinds of money fixing up that house over the many years you own it

Do not buy a house because you shall not own anything to be happy (agenda 2030) - Buffet and everybody on top and around him will own everything- you just lease your life from them. A new era of feudalism

Real estate as one of the best decisions you can make. Of course it has to be at the right time. I bought a house 20 years ago for 130,000 and now it’s worth almost 600,000. Today I have no house payment. So how was that? A bad idea?

Warren Buffett real estate holdings is over 38 billion dollars 💵🤑

It wouldn't be if there weren't so many people trying to get their cut. Between taxes and insurance and upkeep. It's not a good investment anymore. It used to be.

This video looks like it's from 25 years ago.

THIS ISNT A WARREN BUFFETT VIDEO HE BARLEY SAID ANYTHING ESPECIALLY TO LABEL IT WARREN BUFFETT THIS IS LIKE CLICK BAIT THIS IS A CAT FISH VIDEO

I didn't, and now am retiring early

I think a lot of people in Asheville NC area and Tampa Bay area are wishing they listened to this video right now. I have been a renter for years because unless I have the money to outright own the house, pay the insurance and property taxes, I truly do not own it.

I've owned the same home for 25 years, and buying it was hands down the ABOLUTE BEST DECISION I'VE EVER MADE IN MY LIFE!!! I live in Florida, and the real estate market has been hell... I've had friends and past acquaintances literally BEG me to rent them a room.... That's how hard it's been to find a place... I'm very fortunate to not have to go through those hardships... My house has been paid off for years now, and I literally live on my property taxes, which is what some people pay for one month of rent.... I would NEVER tell anyone NOT to buy a house, unless I hated them, and wished the worst for them....

all of it boils down to when not if, same with investments. You do not buy a home at the top of the market. You look what he is doing now, quietly as a whale can, gradually pulling out of the market. He is not a genius, did very sketchy things in the beginning, such as cherry picking when had Geico. He simply gets out near the top, saves that war chest of funds and goes shopping again when it collapses. With his wealth now, he can help even manipulate that event, push the market over.Just another finance creep. They really don't want whats best for you, they are simply opportunists. Just be smart, not impulsive

Buying in boom period is really better but not stagnate period

Yeah, right. Say those old idiots of the most parasitic class.

Something owned is something that no one can take from you unless you in some manner dispose of it.
In light of this view, no one in America can "own" real estate. Every American who "owns" real estate are renters, paying the rent called "property taxes" to the State.
Miss a tax payment and the State will remove the property from you. Taxation if based on "mythical values" which are subjective and controlled again, by the State.
Taxes, maintenance, fees, profit are all calculated into the rent payment, so really, renters are still paying for all these items.

Buying a home is a luxury. Pest control, lawn management, replacing the HVAC every 10-15 years, replacing the appliances, replacing windows and roof. List goes on. You gotta live somewhere but it's not "an investment"

no mention of rent for 30 years, when you leave, YOU GET ZERO DOLLARS. own your home after 30 years ....sell it at what wa all know for much more than original purchase price.
Also #1. No mention of larger downpayment I saved & did 40% my home as I worked on the road for 4 years accommodation paid by employer. Also # 2. pay by-weekly pays a mortgage off quicker. then there is #3 make the extra payment whether you negotiate monthly or yearly or both, you can pay a percentage of what you originally borrowed , which if you do it can take years off your mortgage payoff time.... then there is my favourite , when your 3 year 5 year whatever you interest rate is locked in, you dump as much as you can on you mortgage ....made my mortgage go from 25 years to paid off at renegotiate time year 8.

The American dream is not dead they keep telling you that so you will believe it.
You can rent or own but you have to do one or the other.
Dad used to say renting is like throwing money up a wild hogs azz...

So if the bank applies the same logic why would they give loans on houses for 25 years instead of them investing in the stock market and get double or triple comparing to à house loan!
Just a point of view... I prefer buying things in cash (Save and buy), I love the 0 debt in my life

Owning a home is a completely different conversation today compared to a hundred years ago. Most people just fix their own house problems (labor is twice the cost of repairs). All the people with a voice today don't. So if you have investment money, you're not fixing anything, and are paying other people to do it for you. So there's a different equation for each camp. It's generally a very good idea to just own your own home.

These voracious boomers want it all and will eat the last mint left right before they take their last breath.
They are the greediest beings in history

unless you need somewhere to live

In 1974 my parents bought a fixer upper in Malibu for 64k the house is now worth 5 million according to area comps .They won`t sell due to prop 13 that keep the taxes very low. They are sort of trapped but they stay out of the weather at least.

Fiction. Buying a home far above your means is the problem, not buying a home.

Buffet lives in a paid off house

The common misconception is that most people compare the primary residence of someone vs buying stocks in terms of investment. If you are a true real estate investor, you never count the primary residence as your investment ever.

THE ELITE DONT WANT US TO OWN 💩….
AS CHARLES SCHWAB SID OWN NOTHING AND BE HAPPY

Thanks!

I disagree!

What is you already bought one ? Can you still get rich ?

Do you think at the end of 30 years and after having paid all the loan, your home value will have a higher equity value?.....Just ask one question that would cross any buyers thoughts "Why should I spend so much money on a THIRTY YEAR OLD OUTDATED house?". Also, your house would be in a division of the city which would slowly have lost the value...So, why would your house be spared....Or the other way around, when you bought your current house. Did you even consider a house older than 15 years, if you didnt. Why would someone else be interested in your house..

Seems like everywhere has an hoa in NY.

The only thing about the opportunity cost example is the cost of rent wasn't taken out and ver that period of time, otherwise interesting video

the problem is Wall St. is buying up homes by the thousands and pricing everyone out.

When an old rich guy tries to convince you NOT to buy a house, maybe it's a good idea you DO.

Our beloved country is founded the ideal of ownership ( land, oil, slaves…etc) The ideology of no homeownership/renting for ever is a horrible idea and will create a permanent underclass society. What people overlook is that when you rent ( sharecropping) , the property owner can request you leave their property and relinquish any monetary improvement gains 💰 and starting over anywhere equates a lost!!!! I don’t know why but everyone I know who owns a home has a greater net worth ( minus home equity ) than non-homeowners ???!!!!

just want everyone to be renters, so they can keep raising the rent for themselves. just want to own everything smh

CALIFORNIA: 2024
Phuk That! 🫵😰
I barely squeek out $17k monthly in this funky economy...

I buy a house in this state and the the monthly expenses will blow my annual income's booty out!
😬🫢😫💸

"You need a house when your wife wants one." - Funny :)

this video is deceptive, mr. buffet was referring to the over priced California housing market and similar markets, and the video assumes the person has investment savvy, which most do not have, and his house buying target was that the down payment is 10% of net worth ...

I'm an amateur with a portfolio of 180k and I've got some real estate holdings too, but it's hard for me to build confidence. I want to invest another 70k over a one month span, but I want to be strategic about doing it so I can grow more and not stay stagnant. Would appreciate some good stock suggestions?

Yep, Warrent Buffett can say that, he has billions. I bought my current house not for an investment, but to not spend my old age in the street. Bought it for cheap, being doing upgrades inside BUT nothing to the outside. The guy who decides the property taxes, goes by what he can see from the outside. Since I am on SS I was surprised two weeks ago, when I got my entire property taxes back this year. I do like Buffett and Elon, smart guys, but I'm happy to be me, as long as I can afford candy and day old sandwiches from Walmart, let me not forget the day old cheese cake. LOL

I got a feeling these guys got wealthy by accident. They are kinda accidental Billionaire!

I am so happy I made productive decisions about my finances that changed forever. I'm a single mother living in Vancouver Canada, bought my first house in October and hoping to retire soon if things keep going smoothly for me

Warren Buffett’s key investment advice is to focus on long-term value. He encourages working with an adviser, buying quality companies and holding onto them, rather than reacting to short-term market movements.

Every homeowner has the costs you mention in the video. So when you rent a place, so still pay those costs, but to the homeowner. It's disingenuous to say that by renting you can save up on taxes, insurance and maintenance. Homeowners recover these costs from rentiers.

Buy a house make it primary residence you are free from rent increase. Buy multiple houses then you can become landload and earn passive income. You can become job independent. Buying is always cheaper than renting in long term.