Berkshire Hathaway Lists Home For Sale, However You Have To Buy It In Shares

Harrison Lee11 years ago

Have you ever wanted to be neighbors with Warren Buffett? Maybe rub elbows with one of the richest men in the world? Catch him while he’s out grabbing the morning paper and chat him up on the latest market news? Maybe you want to tell him your opinion on his tax ideas. Who knows? The good news is that the home across from Buffett’s is for sale.

Berkshire Hathaway Home Services listed the house on the market, but there happens to be a big kicker: no cash offers. You’ve got to shell out for shares of Berkshire Hathaway.

That’s a power move. Since the company has never done any sort of split (minus the B class split so the poors could buy it, but I don’t count that), it’s going to cost you a pretty penny to purchase one share of one of BRK.A. As of 10:54 EDT this morning (when I began writing this piece), Berkshire Hathaway was trading at $214,610.00 per share. So the market value of the house was $2.1461M. It’s only going up too. As of 11:51 EDT, the stock is now at $214,900.00 — if you happen to own one single share of their stock, you are $1,600.50 richer. If you want to snag the house, hop on quick.

I once had an economics professor say that his house was worth less than one share of Berkshire Hathaway — aka he was poor..

[via Business Insider]