Tagged in the annual shareholder letter that came out last month, Buffett cited the industry-leading 2010 performance of one of his company’s holdings, which sells and finances manufactured homes. He said, ‘HOME OWNERSHIP MAKES SENSE FOR MOST AMERICANS, PARTICULARLY AT TODAY’S LOWER PRICES AND BARGAIN INTEREST RATES.”
He also said that the purchase of his home was the 3rd best investment he ever made. What were numbers 1 and 2? “WEDDING RINGS.”
He cautioned not to wait too long to buy while prices are low, as market prices “WILL MOVE HIGHER, PERHAPS SUBSTANTIALLY SO, WELL BEFORE EITHER SENTIMENT OR THE ECONOMY TURNS UP.
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