Buy A Home... or Two

Some insightful words were said at the CNBC/Institutional Investor conference by American hedge fund manager and Paulson & Co. founder/president, John Paulson.  He firmly believes that, in the next 4 to 7 years, we can expect the strong recovery in the housing market to continue:

"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."

Additionally, Paulson stated that one should, "Buy a home and, if you can, buy a second home."

Is this a reasonable notion?  Is Paulson someone who should be trusted?  The answer is a resounding "yes" on both counts.  In the midst of the 2007 mortgage slump, Paulson was able to make a staggering $3.7 billion by short-selling subprime mortgages - in short, he understands the market.  We agree with him in his "buy now" perspective as well.  While the market is thinning, affordability is still remarkably high and mortage interest rates remain relatively low (though they are on the rise).  If you can buy, now is the time.  It is an investment that weathers the passing of time and one that you will not regret.

Not sure where to start?  Questions along the way?  Send me an e-mail or give me a call.