Warren Buffett paid just $31,500 for his home of nearly 70 years. Read his 8 best quotes about buying a house.

Warren Buffett, one of the world's wealthiest people worth almost $130 billion, has lived in the same unassuming house in Omaha for nearly 70 years. 

The penny-pinching investor paid just $31,500 in 1958 for the family home, which Zillow values at about $1.4 million. 

Buffett put off the purchase for years as he was certain he could earn a higher return by investing his money elsewhere. He even dubbed the house "Buffett's Folly" once he eventually bought it.

By Theron Mohamed.
Full story at Business Insider.