Why Does Warren Buffet Live in a House Like This?
When you are a comfortable billionaire, there are things that are expected of you. Lifestyle and standard of spending are raised for you because it is erroneously believed that the money you make, the more wasteful you should be. However, Warren Buffett has no business with being wasteful. He has been a smart businessman who knows how to spend every cent he makes.
Instead of spending billions on the house he lives, he only spent only a small fraction of his wealth on a normal house in Omaha, Nebraska.
His humble abode in Omaha’s quiet neighborhood was quite the investment. The investing powerhouse purchased the proerty in 1958 when it only cost him $31,500. Today, its value has soared up to $652,619, making the purchase one of the best investment decisions he has made over his career.
]
The house covers 6,570 square feet with two bathrooms, five bedrooms and a state of the art security system. Besides security camera and 24-7 protection, the home has high fences to make sure that no intruders are able to get inside. The Warrens are happy with the house and the money mogul has no plan of moving to a more extravagant home. The house is nothing compared to what some millionaires live, yet he is far richer than all of them.
More in Star Advisor
-
`
Why You Need to Think Twice Before Buying a House
So, you have been scrolling through real estate listings, envisioning your dream kitchen, and even bookmarking paint colors for the nursery....
November 26, 2023 -
`
Santo Spirits: Sammy Hagar and Guy Fieri’s Joint Venture
In the world of business partnerships, some combinations might seem unconventional at first glance. But when you delve deeper into the...
November 16, 2023 -
`
Everything You Need to Know About Mortgage Rate Lock
You have probably embarked on the exciting yet nerve-wracking voyage of purchasing a home. Amidst the sea of paperwork, open houses,...
November 9, 2023 -
`
7 Effective Ways to Make Your Business More Sustainable
In an age of rising environmental consciousness, making your business more sustainable isn’t just a trend; it’s a necessity. Sustainable practices...
November 3, 2023 -
`
Housing Market Going Up? Then Why Not Rent?
“Buy a house! It is the best investment!” How many times have you heard that? Probably enough to make a drinking...
October 29, 2023 -
`
Surprising! Celebs Who You Didn’t Know Had a Master’s Degree
When it comes to celebrities, we often associate them with glitz, glamour, and blockbuster movies. But did you know that some...
October 17, 2023 -
`
Navigating the Housing Maze: The 7% Mortgage Rate Quandary
If there is one thing that this year has thrown our way (apart from those fascinating tech gadgets we did not know...
October 12, 2023 -
`
Where to Buy a House in the U.S With a $100K Salary
Got a cool $100,000 annual paycheck in your pocket? Cheers to that accomplishment! With such a financial cushion, dreams of homeownership...
October 6, 2023 -
`
The “Grave” Housing Crisis Forcing U.S. Homeowners to Sell Their Houses
Every culture has its dreams and aspirations. For those living in the United States, it has traditionally been an idyllic house, spacious and...
October 1, 2023
You must be logged in to post a comment Login