Buffet is Buzzing

BY John P. Freudenberg

Mortgage rates are still at historical lows, prices have nothing but downward pressure due to high inventories and languishing home sales and foreclosures are at all-time highs due to lenders making millions of wacky loans in the sub-prime market. Is anyone listening to the analysts that claim that now is not the time to invest in real estate?

Real estate is not the stock market. People need and want homes to live in during all market conditions, any time, everywhere, all across the planet. So, if not under these perfect buying conditions, when is the right time to buy? Put another way, what investor wouldn't buy something that historically never loses value, will always be in demand, is inexpensive to finance and can always be sold, rented, leased, optioned or traded?

If now isn't the time to buy, then when?

If you feel the same way, you may not be alone. It is rumored that Warren Buffet, the "Oracle of Omaha," may be shopping around for a home building company. Forbes and CNN Money are reporting that the "Oracle" may be eye-balling national homebuilder Hovnanian Enterprises. And why not? Buffet surely understands that now is the time to buy because the real estate market is undergoing a momentary de-valuation due to non-fundamental issues.

The question every real estate investor should ask themselves right now is, how do I invest? Do you wait to open your pocketbook until everyone is buzzing in an unprecedented bull market?

Buffet is worth $52 billion and has never waited for the buzz, or the bottom.

What are you waiting for?

John P. Freudenberg is the Managing Director of Good Fortune Enterprises, llc and has developed a network of real estate investing websites including www.We-Buy-And-Sell-Homes.com, www.NationwideHomeBuyer.com and www.We-Buy-Houses-Nationwide.com. He is the Principal Real Estate Broker for Going Carolina, llc, a North Carolina Realty (www.GoingCarolina.com) and the Managing Editor for the real estate investing blog, Blog.We-Buy-And-Sell-Homes.com.

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