Why Does Warren Buffett Continue To Live In The Same House That He Bought In 1958?

Billionaire Warren Buffett, who will turn 93 this month, has been an inspiration for millions around the world. Besides the successful investor that he is, the ¡®Oracle of Omaha¡¯ also gives us more and more ways to admire him as we go deeper into his life¡¯s nine decades.

While many of us know that Buffett¡¯s first job was to deliver newspapers, do you also know that the world¡¯s sixth-richest person still lives in the same small house that he bought nearly seven decades ago?

Warren Buffett Lives In The Same House He Bought In 1958

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Yes, you read that right. One of the world¡¯s most successful and richest people, Warren Buffett, still lives in the house that he bought in 1958.

In 1958, Buffett and his then-wife bought a 6,570-square-foot home with five bedrooms and 2.5 bathrooms in Omaha. He still lives there.

He purchased the house 65 years ago for $31,500, and it's now worth about $1.44 million. Buffett doesn¡¯t plan on trading his Omaha home for a more luxurious one any time soon.

¡°I¡¯m happy there. I¡¯d move if I thought I¡¯d be happier someplace else,¡± he had said earlier, adding that ¡°This house does just fine. I¡¯m warm in the winter, I¡¯m cool in the summer, it¡¯s convenient for me. I couldn¡¯t imagine having a better house.¡±

Also Read: 10 Inspirational Quotes From Warren Buffett

¡°Home Is My Third Best Investment¡±

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Also Read: How A Lost iPhone Led To Warren Buffett Investing Billions In Apple

In a 2010 letter to his Berkshire Hathaway shareholders, Warren Buffett wrote, ¡°Home ownership makes sense for most Americans¡­ All things considered, the third best investment I ever made was the purchase of my home, though I would have made far more money had I instead rented and used the purchase money to buy stocks.¡±

The first two best investments were wedding rings.

He continued, ¡°For the $31,500 I paid for our house, my family and I gained 52 years of terrific memories with more to come. But a house can be a nightmare if the buyer¡¯s eyes are bigger than his wallet and if a lender ¡ª often protected by a government guarantee ¡ª facilitates his fantasy.¡±

Also Read: Warren Buffett Heaps Praise On Berkshire's Indian-Origin Employee

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