Hedge fund manager John Paulson is famous for short-selling subprime mortgages in 2007. He made over $3 billion in that year as the result of his move on the market.
On July 18 here is what he said at the CNBC Delivering Alpha Conference:
"I think the best thing for an individual investor, if they don't own a home, is to buy a home and if they own a home and have some extra cash or extra availability its not a bad idea to think about owning a second-home as well."
The day before he also said “buying a home is the single best investment anyone can make”.
These statements should be a stunning wake up call to all potential buyers. Inventories and interest rates are near record lows demand and prices have been climbing if you may want to take stock in this investment legions’ sentiment.
If you had been thinking about buying real estate, this may be the moment you have waiting for. Click Here to see properties for sale on the NW Florida Gulf Coast.
