Manhattan, New York real estate, one of the world's best investments. Buying the right condo, renting out to tenants and eventually selling. By Weimin Tan, top Manhattan agent with media interviews by CNBC, CNN, New York Times, WSJ. Ex-Citibanker, originally from Malaysia, Manhattan resident since 1999, fitness enthusiast. tan@castle-avenue.com
Saturday, August 4, 2012
Warren Buffett Betting On Real Estate
The Wall Street Journal reports that Warren Buffett is betting big on the continued improvement of U.S. real estate. Housing inventory is at a 49 year low, price-to-rent ratio is back to 1998 levels and the positive momentum continues as evidenced by continued price increases.
Labels:
betting,
improvement,
real estate,
Warren Buffett
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