What does Warren Buffett’s house look like?
Warren Buffett still lives in the house he bought for $31,500 in 1958. Inflation adjusted to 2022 dollars it cost him $309,240 in 1958 buying power. His house is a 6,570 square feet stucco house that has 5 bedrooms and 2.5 bathrooms.
His home is located in a wealthy neighborhood in Omaha, Nebraska. It’s now worth an estimated $915,000 based on comparative houses in the neighborhood likely driven up by his fame. Buffett once called it the “third-best investment he’s ever made” but later considered how much he would have made if the money he spent on the house would have been used to buy Berkshire-Hathaway stock in 1958, hopefully he was joking.
For one of the richest men in the world this is a very frugal house that is less than .001% of his total net worth. He could have any house he wanted in the world but prefers the simplicity and loves living in Nebraska where he grew up. He has always been happy there and never saw any reason to move.
In the last decade after a lot of urging he now has fences and security cameras at the property along with a security guard. It is a large home that he finds comfortable and likes to keep things the same like his Cadillacs that he will drive for a decade before trading in or the same McDonald’s breakfast he eats almost every day.
In all the books about him and interviews I have watched Warren Buffett is not one to indulge in materialism or buying big items or luxury goods. He says he is happiest in his jogging pants eating popcorn and watching a Nebraska college football game or playing bridge, very cheap pleasures.
He said his one guilty indulgence is that he loves the convenience of private jets, so much that he bought Netjets. He said the reason he doesn’t own a yacht is he would not want to deal with employees and their drama that it would take to operate it or the cost and trouble of maintenance and upkeep of a boat.
He eats standard American foods like burgers and steaks, loves Coca Cola, and football and lives in the same house he could afford as a young millionaire in 1958.
During an interview with the BBC he said: “I’m happy there. I’d move if I thought I’d be happier someplace else.”
Warren Buffett’s current house:
Very interesting that the one of the world’s richest men is content with the same house he bought in 1958 and never upgraded to one of the mega mansions or compounds that most billionaires own. He likes to keep his life simple and familiar. A lesson for all of us to understand when we have enough, there is no reason to change.