A Boring Dystopia

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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

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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."

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[–] queermunist@lemmy.ml 29 points 3 weeks ago* (last edited 3 weeks ago)

What he was talking about in 2012 is the world renters are living in today. This is the groundwork of how we got here.