Buying A Home? If You Can, Buy Two
By The KCM Crew
John Paulson gave the keynote lunchtime address at the CNBC/Institutional Investor conference recently. He believes that housing will continue its strong recovery for the next 4 to 7 years saying:
“The housing market has bottomed. It’s not too late to get involved. I still think buying a home is the best investment any individual can make. Affordability is still at an all-time high.”
When asked how the average person can take advantage of the current real estate market, Paulson said:
“Buy a home and, if you can, buy a second home.”
Should we care what Mr. Paulson thinks? Should we listen to him? The answer to both questions is a resounding ‘YES’. Here is why.
Who is John Paulson?
Paulson is the person who made a fortune back in 2007 betting that the subprime mortgage mess would cause the real estate market to collapse. He understands how the housing market works and knows when to buy and when to sell.
If we are to trust anyone’s advice, it should be Mr. Paulson’s.