Warren Buffet is one of the most influential stock investors in the world, and with a history spanning over forty years, it is crucial for young investors to pick this billionaires brain and see the spending habits of someone who is remarkably talented at making the right investment choices. One might suspect that Warren Buffet lives in a million dollar mansion, and in fact, he does own an 11-million dollar home in Laguna Beach, California.
However, his actual home where he has resided since 1958 is quite modest even by today’s standards. A quiet drive through Warrens quaint little neighborhood will remind you of something out of a movie, and the home located at 5505 Farnam Street Omaha, NE 68132 has largely remained the same since buffet made the purchase in 1958. Originally bought for $31,500 the home is worth $767,387 in today’s market.
Warren has often said that this home was the best investment that he ever made, and it’s easy to see why. The home has seen subtle upgrades, and there are obviously security gates and a camera system to keep the threats out. But, for the most part, Warrens home is quite modest considering his fortune and could be used as a lesson for a lot of today’s new wealth who run out and purchase behemoth homes with marble floors and indoor pools instead of investing their money wisely.
The home at 5505 Farnam Street Omaha, NE 68132 is paid for outright, and there is not a soul on this earth that could take it from Warren Buffet for missing a mortgage payment. The property taxes on this home are another story, averaging a hefty $13,000 a year. Compared to Warrens fortune this is a small price to pay though, and the home is a prime example of how to be smart with your money.