01/10/11 Gaithersburg, Maryland – Investment ideas are cyclical. They go dormant for a while, then revive, like fashions or cicadas – obeying their own curious rhythms. During the past few years, rare was the investment thinker who said you should buy a house. Housing was in a bubble that was deflating.You can read the rest of the article here, http://dailyreckoning.com/buy-a-house-then-buy-another/. Then take a look at some beautiful new homes in Utah by McArthur Homes.
But the investment seasons turn. Today some smart investors are once again saying you should a buy house. John Paulson is one of them.
You may know him as the man who turned the greatest trade of all time. Betting against the housing market, he netted a cool billion dollars for himself in 2007. One fund he managed rose 590% that year. Today, he is one of the richest men in America.
His advice today is very different. “If you don’t own a home, buy one,” Paulson said.
Saturday, January 22, 2011
Invest in a New Home
It seems that ever since the housing market turned downward several years ago, there have been people telling us that it is turning around. For those who have been waiting for the "perfect time" to invest in a new home, here's something you may want to hear. It's an article by Chris Mayer, quoting John Paulson, a big time investing guru. Here's what he had to say:
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I'm so glad we bought our first home, it helped us get into a begger better home only two years later!
ReplyDeleteLaura and I bought our first home less than a year out of college and it was one of the best decisions we ever made. Many of our friends drove nice cars but lived in apartments. The interest rates at the time were in the mid-teens but we did it. Rates dropped over the next several years. We lived there for 9 years and bought our current home when we moved to Utah in 1993. Original downpayment in that first home was $5,700 dollars as I recall. $1,400 of the borrowed from my grandpa. Today's equity is obviously many, many times that. Great investment plus IT IS OURS. NO ONE can take it from us and we can paint it pink if we want. (We don't.)
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