I was reading an article on the KCM Blog (click here to see the article) about buying real estate in today’s market and found some great quotes from John Paulson, a person who a made a fortune back in 2007 betting that the subprime mortgage mess would cause the real estate market to collapse. Here are some of the quotes I found interesting….
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.”
If you are on the fence about buying a home, it’s still a great time to buy. Prices and interest rates are on the rise, so I wouldn’t recommend waiting too long…
Contact me today if you’d like information on the home buying process or about prices in the neighborhood(s) you are interested in. I’d love to help!
