Buffett Housing Play: Pay Mortgage If You Lose Your Job (BRK-A)

Investing

Published: April 16, 2009 9:53 am

Last Updated: April 27, 2020 6:12 pm

buffett-image1 Berkshire Hathaway Inc. (NYSE: BRK-A) is known for investing in and owning many businesses which Warren Buffett believes or believed had a time horizon of “forever” even if they closed the stock market. In this he actually has some homebuilder exposure and exposure to the building products side of the housing sector. It owns Clayton Homes, and Clayton has built more than 1,000,000 homes since 1934. Clayton is following the path of some automakers: paying for your mortgage if you lose your job.

For new homebuyers, Clayton is offering a 3-month mortgage payment guarantee if they lose their job because of the economic downturn. If the monthly mortgage payment includes homeowners insurance and property taxes, Clayton will absorb those costs as well. The Payment Protection Program is applicable for new manufactured homes purchased between now and the end of June.

There is a gimmick every day in the new economy. It worked for cars.

Jon C. Ogg

It’s Your Money, Your Future—Own It (sponsor)

Are you ahead, or behind on retirement? For families with more than $500,000 saved for retirement, finding a financial advisor who puts your interest first can be the difference, and today it’s easier than ever. SmartAsset’s free tool matches you with up to three fiduciary financial advisors who serve your area in minutes. Each advisor has been carefully vetted and must act in your best interests. Start your search now.

If you’ve saved and built a substantial nest egg for you and your family, don’t delay; get started right here and help your retirement dreams become a retirement reality.