Entry July 22, 2013
More good news in the housing
market. Popular and successful
financial analysis, John Paulson, now says that buying a home is
a good investment. He thought it a bad investment back in the
time of subprime mortgage disaster, but he is back on the
"home ownership" band wagon. He says if you already own a home,
but a 2nd one. Maybe that 2nd home (or even your primary
home) should be in the country. Let us know when we can
show you a country home!
financial analysis, John Paulson, now says that buying a home is
a good investment. He thought it a bad investment back in the
time of subprime mortgage disaster, but he is back on the
"home ownership" band wagon. He says if you already own a home,
but a 2nd one. Maybe that 2nd home (or even your primary
home) should be in the country. Let us know when we can
show you a country home!
To see original article on CNN,
click link below.
The Buzz
All markets and investing news all the
time
John Paulson's advice: Buy a house
John Paulson made billions betting
against subprime mortgages. Now, he says
buying a house is the best
possible investment. If you already own a home,
buy a second one. "You won't make returns that good by investing in me,"
Paulson told the audience at CNBC's Delivering Alpha conference
buy a second one. "You won't make returns that good by investing in me,"
Paulson told the audience at CNBC's Delivering Alpha conference
in
Manhattan on Wednesday. Paulson said that back in 2006, he was
aware that housing was at its peak. Now, he thinks it's still very close to
the bottom. "I think we're just at the beginning of the recovery.
I think it will continue for four to seven years," he said.
"It's not too late to get involved."
aware that housing was at its peak. Now, he thinks it's still very close to
the bottom. "I think we're just at the beginning of the recovery.
I think it will continue for four to seven years," he said.
"It's not too late to get involved."
For the individual investor, locking
in a fixed-mortgage rate is also a
way to hedge against inflation down the road. He thinks it's unlikely
that an uptick in mortgage rates will cause the housing market to cool.
way to hedge against inflation down the road. He thinks it's unlikely
that an uptick in mortgage rates will cause the housing market to cool.
Paulson's hedge fund, Paulson & Co.,
has been betting big on housing
for more than a year. He says his fund has likely been the
largest purchaser of undeveloped land in Arizona, California,
Florida and Nevada this year. He expects the price
of such land to increase precipitously, since he thinks there's
not enough inventory to meet the coming demand for new homes.
for more than a year. He says his fund has likely been the
largest purchaser of undeveloped land in Arizona, California,
Florida and Nevada this year. He expects the price
of such land to increase precipitously, since he thinks there's
not enough inventory to meet the coming demand for new homes.
See remainder of article at this link,
relating to gold as an investment@
http://buzz.money.cnn.com/2013/07/17/john-paulsons-housing/?iid=HP_River.
http://buzz.money.cnn.com/2013/07/17/john-paulsons-housing/?iid=HP_River.
