Aujourdhui
![Wink ;)](https://www.autos.ca/forum/Smileys/CarTalk/wink.gif)
.........here is some smart advice from a Multi Billionaire..No I'm not quite there yet
![No No :nono:](https://www.autos.ca/forum/Smileys/CarTalk/nono.gif)
....Warren the BUFFET king............
this is from his latest 2010 year end Letter to shareholders...READ THEM ALL......available..on the Interwebs thingy!!!!....
"Home ownership makes sense for most Americans,(canucks too ?) particularly at today's "low" prices ! and bargain interest rates.ALL THINGS considered my 3rd best investment decision was the purchase of a home(the other 2 were the purchase of wedding rings!
![Kiss :-*](https://www.autos.ca/forum/Smileys/CarTalk/kiss.gif)
)Though I would have made MORE MONEY,had i rented and used the purchase dollars to buy stocks,for the $31,500
![Shocked :o](https://www.autos.ca/forum/Smileys/CarTalk/shocked.gif)
,I paid for our house,my family and I gained 52 years of terrific memories,with more to come...."
NOTE he didn't keep trading UP and using the increase in equity as a piggy bank.....
cont'd "But a home can be a nightmare if a buyer's eyes are bigger than his wallet,and if lenders PROTECTED BY GOV ( Fannie Mae,Freddie Mack et al)facilitate his fantasy...social goals should NOT be to put families into the HOUSE OF THEIR DREAMS...but into a house they CAN AFFORD".
Berkshire Hathaway owns Clayton Homes...google it....they pre-build their houses above spec inside...weather does no damage.....and build them to your needs and where U want...in the STATES only
![Cry :'(](https://www.autos.ca/forum/Smileys/CarTalk/cry.gif)
,and they own the mortgages and pre qualify clients to ensure they can STAY IN THEIR houses,even tho' some have below 640 Financial scores (poorer risks) they don't bundle their mortgages and re sell them 50 ways to Sunday to wall steet crooks........their defaults are way below 1.5% or so..............Nice guy and Co to do business with..............
p.s I'm in the same home I bought 30 years ago and paid of rapidly,for the same reason Warren did..............it's where i and family slept and still sleep peacefully at the end of the day........wonderful feeling............
![Beer :cheers:](https://www.autos.ca/forum/Smileys/CarTalk/cheers.gif)