He has increased his investment in housing by another 800 million. https://fortune.com/2023/08/15/housing-market-warren-buffett-loads-up-on-homebuilder-stocks-dr-horton-lennar-nvr/ #mortgage #sanfrancisco #housing
And Bill Gates just bought $96M of Anheuser Busch. Must be planning a drinkable covid treatment.
Maybe they’re throwing a dope house party together 🎉
Insider trading!
This is <1 % of his net worth which is nothing
Yes, but he wouldn't invest in something that he believes would crash. Would you use 1% of your wealth to buy something that would go down in value?
I would bet on something speculative, such as crypto
If he was on Blind he'd know better.
He gets basically 0% financing. He had floating cash.
IMO not enough is being built, at the same time it is harder to finance the new projects due to the rates and uncertainty. We’re in stagflation most likely, back to the times of the rich renters. It is also a way to make sure not all eggs are in the same basket for him.
Too bad all those companies produce garbage quality houses
Isn’t it 0.1% of his portfolio?
Yes, but still something he is willing to bet. If you know him he buys his breakfast from McD for less than 5$
He's buying the dip. YOLO
Housing to the moon
Lol
You mean home builder stocks to the moon. He's betting on housing supply increasing. Not neccessarily that housing prices will increase.