Comment on Warren Buffett Said Buying 'Distressed' Homes With 30-Year Mortgages And Renting Them Out Might Be The 'Most Attractive' Investment Available

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LifeInMultipleChoice@lemmy.world ⁨1⁩ ⁨day⁩ ago

This was in 2012. So we saw it already. If you bought forclosed house in 2012 for $150,000… on average that house would sell for $257,000+ plus now. Assuming you rented it for $1,000/month during that time, assume you spent $50,000 dollars in upkeep/taxes they made $213,000 dollars off it so far. Obviously they still own the houses, so they can keep renting them out or sell them when the market is high right now.

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