A Boring Dystopia

13597 readers

792 users here now

Pictures, Videos, Articles showing just how boring it is to live in a dystopic society, or with signs of a dystopic society.

Rules (Subject to Change)

--Be a Decent Human Being

--Posting news articles: include the source name and exact title from article in your post title

--If a picture is just a screenshot of an article, link the article

--If a video's content isn't clear from title, write a short summary so people know what it's about.

--Posts must have something to do with the topic

--Zero tolerance for Racism/Sexism/Ableism/etc.

--No NSFW content

--Abide by the rules of lemmy.world

founded 2 years ago

MODERATORS

givesomefucks@lemmy.world

118

Warren Buffett Said Buying 'Distressed' Homes With 30-Year Mortgages And Renting Them Out Might Be The 'Most Attractive' Investment Available (news.yahoo.com)

submitted 3 weeks ago by FlashMobOfOne@lemmy.world to c/aboringdystopia@lemmy.world

24 comments fedilink hide all child comments

Buffett didn't hesitate. "If I knew where I was going to want to live the next five or 10 years, I would buy a home and I'd finance it with a 30-year mortgage, and it's a terrific deal," he said.

He didn't stop there. "If I was an investor that was a handy type, which I'm not, and I could buy a couple of them at distressed prices and find renters... it's a leveraged way of owning a very cheap asset now, and I think that's probably as attractive an investment as you can make now."

you are viewing a single comment's thread
view the rest of the comments

[–] pseudonaut@lemmy.world 8 points 3 weeks ago (2 children)

I really don't get this.

House price to income ratios are at all-time highs. How could be calling housing a "very cheap" asset? Could housing costs really spike more than they have?

I've been of the mind that we're in a housing bubble that's going to crash sending prices down 20%. I'm no billioniare investor, so what do i know, but still shocking to think that the 1M California starter home is "cheap."

[–] Stillwater@sh.itjust.works 7 points 3 weeks ago

Remember when any of these guys makes a statement about investment advice, it's not something that they want to do but something they will benefit from convincing you to do.

load more comments (1 replies)