140: Buffett Bets on The Housing Market EVEN as Mortgage Rates Hit 20-Year High

Mortgage rates are ravaging the real estate market, but Warren Buffett is bullish on housing. With interest rates at twenty-year highs, almost any house is unaffordable to the everyday home buyer. And, with rising insurance costs, commercial real estate investors face HUGE policy hikes that are eating away at any leftover cash flow. But is this just the storm before the calm—have the price hikes peaked, and could we be in store for a more affordable market? All the doom and gloom can seem scary; thankfully, Dave Meyer, James Dainard, and Kathy Fettke have brought their financial flashlights to make things a bit brighter. In today’s correspondents show, we’re talking about Warren Buffett’s latest move to invest in some of today’s top home builders and why “affordable” housing may be where the REAL money is made in real estate. Besides Buffett, we’ll also touch on the growing insurance crisis across the United States, who it’s impacting the most, and why Kathy’s latest bill jumped 600% (c’mon, Kathy). Could this insurance squeeze make the commercial real estate crash even more lucrative for buyers? Lastly, we’re talking about one of the most underground topics of 2023—mortgage rates. They’re climbing fast, but this could be a sign of lower rates to come! In This Episode We Cover: Why the world’s greatest stock investor is putting his money into residential real estate The ongoing inventory crisis and why we might be in a “2012” market in 2023 The insurance “squeeze” forcing commercial real estate investors out of their properties How to lower your insurance costs with simple, sustainable home improvements A mortgage rate update and crossing into the highest rates of the past two decades Rental property HELOCs and the best lenders to ask for one And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram Kathy's BiggerPockets Profile Kathy's Instagram James' BiggerPockets Profile James' Instagram Warren Buffett Insurance Mortgage Rates Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-140 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices