“If you don’t own a home – buy one”
Multibillionaire hedge fund operator John Paulson talks bonds, stocks and the value in buying now.
In an article on Forbes’ blog, columnist Robert Lenzer reported on a recent appearance made by multibillionaire hedge fund operator and investment genius, John Paulson. Speaking to a packed crowd at New York’s University Club, Paulson addressed today’s economic landscape and touched on inflation, the bond market, equities and gold, and made several predictions about the next two years. [Read the full story here].
He also made final parting remarks on the state of the housing market. Noting that this is the best time in 50 years to buy a home, Paulson advised those listening to issue 30 year mortgages to buy a home as “your debt and interest payments get locked in a record lows, while the price of your home will rise.”
“If you don’t own a home buy one. If you own one home, buy another one, and if you own two homes buy a third and lend your relatives the money to buy a home.”
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