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Although billionaires can afford to live wherever they want, Buffett prefers to keep it local. 1 The use of "featured", "popular", "best" and "top" on Finty do not constitute a product rating or recommendation and are subject to our general disclaimer. Calculations in comparison tables will vary based on personal data input. He loves a good game of bridge, and his several grandchildren have filled the bedrooms of this much-loved house. The five-bedroom, 2.5-bathroom house is situated in downtown Fairview, a well-to-do, leafy suburb, with the University of Nebraska within walking distance.
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You might know Mary Sue Milliken and Susan Feniger from their "Too Hot Tamales" cooking show, which aired back in the 1990s, right about the time they opened their first Border Grill in Santa Monica. Border Grill's menu of lighter, authentic Mexican cuisine suits even the most finicky palates. After many years at the beach, the dynamic duo closed that location and opened in Downtown Los Angeles (as well as at LAX and in Las Vegas). Their take on Mexican is fantastic, full of complex flavors and fresh vegetables and fruits.
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Though it’s his most famous residence, Buffett had also lived in a different Omaha home for a few years previously, according to the Wall Street Journal. On the more extravagant side, he also owned a beach house in Laguna Beach, Calif., which he bought for $150,000 in the 1970s and sold for around $7.5 million in 2018. Despite being one of the richest men in the world, Buffett is far less flashy than some of his fellow billionaires. The financial media is rife with reports of his love for McDonald’s breakfasts and a crisp can (or five) of Coke. He once drove a car with a vanity license plate that read “THRIFTY,” according to the Wall Street Journal.
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When Buffett stops at Gorat’s Steakhouse in Omaha, the menu items range from $3–$41. Set in Omaha, a quiet Nebraska town, the home offered Buffett a pretty relaxed and laid-back lifestyle. And ok, so we say the house is modest, but it is still pretty big and also has some pretty cool features. The house is 6,570 square foot and has 5 bedrooms and 2.5 bathrooms. It has a large driveway where he used to park his beloved Cadillac.
Donations to charities and Berkshire Hathaway’s weak stock price contributed to the decline in Buffett’s fortune in 2020. Built in 1921, Buffett purchased the house in 1958 for $31,500, the equivalent of $329,505 in today's dollars. Realtors have appraised it at between $1.2 and $1.5 million if put on the market today. Testament to that is the billionaire has lived in the same house in the same neighborhood with his late wife for over 60 years. After renting 5505 for a few years back in the mid-50s for $175 a month, Buffett and his wife loved the stately home so much that he put in an offer. Through Berkshire Hathaway and his multiple investments of course.
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He told BBC, "I'm happy there. I'd move if I thought I'd be happier someplace else." The billionaire investor's insights extend beyond personal anecdotes, offering valuable advice for potential homeowners. Buffett cautions against the allure of purchasing a dream home that exceeds one’s financial capabilities, a scenario that can quickly transform a dream into a distressing burden. He criticizes lenders, sometimes backed by government guarantees, for enabling buyers to exceed their financial limits, which can exacerbate the risk of financial instability and foreclosure.
Even if he's happy with his house, Warren Buffett did own a vacation home at one point. The Berkshire Hathaway chairman purchased a $150,000 house in a gated community near Laguna Beach, California in 1971 at the insistence of his late wife, per The Wall Street Journal. It was a beachfront home just a few steps from the Pacific Ocean, complete with six bedrooms, seven bathrooms, and an awe-striking view. The Wall Street Journal notes that it spans 3,600-square-feet and features an all-white exterior. It was also remodeled multiple times throughout the years.
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It doesn't seem like he's moving out anytime soon, either. "I wouldn't trade it for anything," he told CNBC in 2017. Every Sunday, Culina at the Four Seasons Los Angeles at Beverly Hills transforms from a cutting-edge Italian eatery into the home of the best brunch buffet in town. Guests can sit inside or out on the terrace in Southern California's almost-always sunny weather.
If Buffett wants to add to his car collection, the billionaire doesn’t mind purchasing used cars. Buffett doesn’t see the need to buy new cars frequently because he doesn’t drive much—just 3,500 miles a year. Warren Buffett’s house in Omaha cost less than $32,000 to purchase. The 1921 dwelling, located just a short drive from Berkshire Hathaway’s headquarters, now holds an estimated value of approximately $1.439 million, showcasing a significant return on investment over the years.
As per Buffett’s 2010 letter to his shareholders, the Omaha house is his third-best investment he has ever made. Adding to this, being a successful investor, Buffett advises that if you take out a loan against property, then it becomes the best instrument in the whole world. Proving his words today, Warren Buffett, an American business magnate, has become the most successful investor of all time. Born in 1930 in Omaha, Buffett completed high schooling and started investing at a very early age; hence, most of his childhood was enlivened by entrepreneurial ventures. Starting his business from selling chewing gum, magazines and Coca-Cola to becoming a billionaire, Warren hasn’t left any stone unturned. Idolising this mastermind, and acknowledging his pursuits would be a compliment to the Oracle of Omaha.
The Sunday Champagne Buffet brunch is a big winner, too, served from 10 a.m. It includes breakfast and lunch dishes ranging from made-to-order omelets and pasta, fresh seafood, carving stations and desserts. And the champagne and mimosas are included in the price, too. Warren Buffett, the Oracle of Omaha, is celebrated not only for his extraordinary wealth, estimated at $130 billion, making him the sixth richest person worldwide, but also for his remarkably modest living. Residing in the same Omaha house he purchased in 1958 for $31,500 — about $336,163.86 in today’s dollars, which represents a minuscule fraction of his net worth — Buffett’s lifestyle embodies simplicity. Warren and then-wife Susan purchased the home in 1971 for $150,000.
This dark period in financial history is a reminder of the perils of financial overextension. With ever-changing market conditions, the specter of a similar crisis looms, making Buffett’s guidance against fiscal recklessness all the more relevant. He wrote about his own home, reflecting that although it has brought him tons of wonderful memories, he could have made more money renting and using the money to buy stocks instead. Against this backdrop, Buffett’s approach to homeownership and investment provides a compelling counterpoint. Having lived in the same house in Omaha, Nebraska, since 1958 — a modest investment that has since appreciated to over $1.4 million — Buffett embodies the virtues of financial prudence and the dangers of overreach.
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