Author Topic: Buffett house in market - Laguna Beach CA  (Read 10719 times)

Deepdive

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Re: Buffett house in market - Laguna Beach CA
« Reply #30 on: September 02, 2018, 08:46:53 PM »
Buffet has the image of a honest mid-western businessman.  I always imagined him writing the annual reports from his house in Omaha.  Does it change anyone's view of the annual letters when we know he wrote it from his multi-million dollar beach house? 


Rod

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Re: Buffett house in market - Laguna Beach CA
« Reply #31 on: September 02, 2018, 09:11:15 PM »
Buffet has the image of a honest mid-western businessman.  I always imagined him writing the annual reports from his house in Omaha.  Does it change anyone's view of the annual letters when we know he wrote it from his multi-million dollar beach house?

Buffett's lifestyle is only modest by billionaire standards.

DooDiligence

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Re: Buffett house in market - Laguna Beach CA
« Reply #32 on: September 03, 2018, 05:26:55 AM »
If Buffett accepts your offer, doesn't that mean you must be overpaying?

Not really, cuz Mr Buffett didnít want to buy this house initially (ex wifeís idea), and now he would like to sell because it has less utility to him. He is unlikely to be selling due to money reason, i.e he didnít buy it to make a profit.

I was being humorous, at least I though I was!

Rest easy, you were  ;)

Conversely, if he's buying your business, you're leaving $ on the table, but you don't have to deal with activist shareholders or sell side ANALysts any more .
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Deepdive

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Re: Buffett house in market - Laguna Beach CA
« Reply #33 on: September 03, 2018, 07:53:26 AM »
Buffet has the image of a honest mid-western businessman.  I always imagined him writing the annual reports from his house in Omaha.  Does it change anyone's view of the annual letters when we know he wrote it from his multi-million dollar beach house?

Buffett's lifestyle is only modest by billionaire standards.

I think spending $3 on breakfast at McDonald's is more modest than my $6 coffee and eggs sandwich.  I am not a billionaire. 

sleepydragon

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Re: Buffett house in market - Laguna Beach CA
« Reply #34 on: September 03, 2018, 08:50:07 AM »
Buffet has the image of a honest mid-western businessman.  I always imagined him writing the annual reports from his house in Omaha.  Does it change anyone's view of the annual letters when we know he wrote it from his multi-million dollar beach house?

He didnít buy a multi million beach house. He bought a 150ish one, I believe. It went up in prices. What he can do about it? Sell it and buy another 150ish house?

longinvestor

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Re: Buffett house in market - Laguna Beach CA
« Reply #35 on: September 03, 2018, 09:42:27 AM »
Iím willing to bet that the proceeds of an eventual sale of this house will go to charity, perhaps the Glide foundation? Just like his annual lunch, his old Cadillac and just about everything else. ď I want my end result to be zero ď. That should frame any idle speculation.