Berkshire Hathaway Bets on Real Estate - Thoughts?
Earlier today, Berkshire Hathaway invested $377 million into Store Capital, a real estate investment trust. Obviously Store Capital is extremely happy about the recent investment as it represents confidence to other investors of Store Capital. As many of you may have known already, Warren Buffet does not believe that the US real estate market is in a bubble, however, his investment thesis isn't necessary focused on massive gains.
Buffett has said real estate was a solid investment that was less volatile than stock prices.
Monkeys, what is your opinion on the real estate market? Not too long ago there was a post signaling bad news for the future of the US real estate market. Have sentiments changed now that Warren Buffet has invested into Store Capital?