Real Estate Fact: Warren Buffett Appreciates Home

Recently we came across an article online on Inman News, about “Eleven Amazing Real Estate Facts” that really caught our attention, so we took a look at each one, and decided to share them with you one at a time! Some are simply tidbits about foreign real estate customs, some are facts about the rich and famous, and some are just interesting twists on stuff we probably already knew, but didn’t think about. Enjoy these eleven expanded real estate facts, and click on Inman News to see the original list!

Real Estate Fact: Warren Buffett, one of the wealthiest men in the world still lives in the same house he bought in 1958. He paid $31,500 for it.

Expanded Fact: Mr. Buffett is well known for his savvy investments, but he’s also become known for his frugal lifestyle as well. Investopedia quotes him as saying that his number one investment strategy is “Don’t lose money”, and that careful frugality carries through to his personal and real estate life as well as his mission as an investor. Why buy a mansion that will cost you big bucks in real estate taxes when you can own a beautiful family home?

Fun Fact: Warren Buffett has earned the same $100,000 salary from his investment company for the past 25 years. No raises!

Photo Credit