While we aren’t sure why the second richest man in America can’t buy millions of single-family homes, we certainly think he knows what he’s talking about. In a recent sit-down on the “Squawk Box”, the billionaire told Becky Quick that single-family homes are a very attractive investment right now. Buffett said that houses are currently even better than stocks, if held for a long period of time and purchased at low rates. He advises taking out a 30-year mortgage and refinancing if rates go down.
Buffett goes on to talk about other investments and the future of Berkshire Hathaway. For more from Warren Buffett, read the full CNBC article here.