Most folks figure buying a house is a solid path to wealth But Warren Buffett one of the world s most famous investors doesn t buy into that idea at all Buffett calls buying a house usually a lousy investment because of hidden costs that quietly eat away at your returns He points to things like down payments interest property taxes and insurance expenses a lot of buyers just don t fully add up All that money gets tied up instead of working for you in the stock market That s Buffett s beef https youtu be LJtgU bALng feature shared Key Takeaways Warren Buffett thinks buying a house is a poor investment thanks to hidden costs and missed opportunities Real estate usually gives lower returns than the stock market over decades Renting and investing the rest might actually grow your wealth faster than owning a home Warren Buffett's Perspective on Homeownership Buffett looks at homeownership with a pretty cold eye he separates emotion from investment logic To him a house is for living not for making money Personal Reasons Behind Buffett's Home Purchase He bought his Omaha house back in for He s lived there ever since over years in the same place He waited to buy because he wanted his money working elsewhere first His wife was on board so they held off Buffett has said the down payment was about of his net worth at the time That s a big chunk and he didn t take... Login to read full