Park Homes: Why Warren Buffett invests in them

Are you still wondering if a Park Home investment is a good idea? Perhaps this might change your mind.In 2003, Warren Buffett’s company Berkshire Hathaway invested $1.7 Billion to purchase Clayton Homes – one of the largest manufactured housing companies in the world. Who is Warren Buffett? Warren Buffett (78) is a US investor, businessman and philanthropist. He is one of the most successful investors in history, and ranked by Forbes as the second richest person in the world with an estimated net worth of around $40 Billion! Typically when Buffett invests, millions of others follow.Buffett is often referred to as the “Oracle of Omaha” and is well-known for his value investing philosophy and personal frugality, despite his immense wealth. In 2007 he was listed among Time’s 100 Most Influential People in the world. His road to riches though has been a lifetime journey that started at a young age. In 1943, Buffett filed his first income tax return claiming Rosetta Stone Hindi his bicycle and watch as a work expense as newspaper delivery boy. During high school in 1945, Buffett and a friend spent $25 to purchase a used pinball machine which they placed in a barber shop. Within months, they owned three machines in three different locations. Buffett invested $1,200 of his profit from the business to buy 40 acres of farmland and rented it out to tenant farmers.In 1958, Warren Buffett bought a $31,500 house in Omaha, Nebraska. He still lives in the same house, which is estimated to be valued at around $700,000.According to Warren Buffett, “Home ownership is a wonderful thing. My family and I have enjoyed my present home for 50 years, with more to come. But enjoyment and utility should be the primary motives for purchase, not profit or refinance possibilities. And the home purchased ought to fit the the income of the purchaser”.So its no wonder that Warren Buffett has invested in a Park Home company like Clayton Homes that makes the most affordable for housing for people!“Putting people into homes, though a desirable goal, shouldn’t be our primary objective. Keeping them in their homes should be the ambition” Buffett wrote.So if you want affordable housing, there’s billions of reasons why you should consider a Park Home. Just ask Warren Buffett!