Although he purchased it at a cost of only $ 150,000, US billionaire investor Warren Buffett, is selling his house in Laguna Beach for a whopping $ 11 million!
Unbelievable estate in California in which he and his family often went, is given up for sale, after the family realized that they do not visit it that often after Buffet’s wife Susan Buffett, deceased in 2004.
The house has 6 bedrooms, 6 bathrooms and more than 1000m2, it is located next to a beach, but it is unlikely that the billionaire will get this amount of money.
"I think the biggest mistake is not learning how to save on time. Saving is a habit," Buffett once said for portal Post-Gazette. He definitely knows how to save, because if he sells the property for money he’s asking, he’ll earn an additional 10 million and 850,000 thousand dollars!
This is a classic example of his pragmatic approach to everything. The man who carries the nickname "prophet of Omaha" has proven to be psychic for real estate market. Someone who bought a property 46 years ago, was right when he said, "Time is a friend of good business and an enemy of a bad one."
Since Buffett is known for its humble lifestyle, as well as his opinion that the inheritance should be limited because it stifles the entrepreneurial spirit, the billionaire will only earn money by selling the house. Certainly, the value of the house is determined by its proximity to the beach, as well as proximity to Los Angeles.
The house is more than a simple for the cost of $ 11 million which only tells us it’s just overvalued. If he sells it at this price, Buffett will only once again justify his nickname.
Judge for yourself!
