Tag Archives: median home price

Warren Buffett defines a “gruesome business” as one that requires a lot of capital and produces a low rate of return.  Is real estate gruesome?  Let’s see: Does it “require significant capital to engender … growth” (WB, 2007; PB p. 14)? Yes.  The median home price in America is about $220,000.  The average rent is […]

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