Warren Buffet is seen by many as the greatest investor of our time. He recently advised his secretary of 37 years, Debbie Bosanek (you know, the one who pays a higher tax rate than her boss?) to purchase a second home. He told her it would be the best opportunity in her lifetime, since mortgage interest rates are at historical lows, and home prices have fallen dramatically. So, Ms. Bosanek reportedly purchased a second home in Surprise, Arizona.

If Mr. Buffet is advising those people close to him to invest in real estate – do you think it might be good advice?

My father, Vyrle Hanson, advised me to do the same when I started my first “real” job. You see, he was a REALTOR® and believed in the value of homeownership. It has served my mom (widowed, sadly, 29 years ago). Now 87 years old, she doesn’t have to worry about how to pay for medical care, decent care and housing. She draws a nice rental income from properties purchased in the 1960’s and 1970’s.

I believe that this is the time of our lives that we’ll look back on and either think “wow, am I glad I bought a home/investment property when I did!” or “boy, did I miss an opportunity of a lifetime!”

Which of these will YOU be thinking 20 years from now?

Think about it. Think about your family.