Warren Buffett's $31,500 House Is Now Worth $1.4 Million But He Says He Would Have Made Far More Money By Renting Instead

Benzinga

Warren Buffett's $31,500 House Is Now Worth $1.4 Million But He Says He Would Have Made Far More Money By Renting Instead.   Find out more on benzinga.com.

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00:00 Warren Buffett, famously known as the Oracle of Omaha, is celebrated for his modest lifestyle

00:05 despite being the sixth richest person globally with an estimated net worth of $120 billion.

00:11 He still resides in the same unassuming home in Omaha that he purchased in 1958 for $31,500,

00:19 a mere fraction of his vast wealth.

00:22 The house, valued today at around $1,439,000.

00:27 But he says he would have made far more money by renting instead.

00:31 Buffett expressed the belief that while home ownership is sensible for most Americans,

00:35 he personally might have made more money by renting and investing the purchase funds in

00:40 stocks.

00:41 He cautions against overspending on a home, emphasizing the financial risks and potential

00:45 nightmares that can arise when buyers exceed their means and warns about lenders facilitating

00:51 such situations.

00:53 Despite these considerations, Buffett remains content with his choice and appreciates the

00:57 happiness his home brings him.

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