“IF YOU DON’T OWN A HOME, BUY ONE,” said John Paulson, the multibillionaire hedge fund operator. Paulson continued, “if you own one home, buy another one, and if you own two homes buy a third…” Paulson has predicted double-digit inflation by 2012, and rising home prices. Paulson’s advice is to lock in low purchase and financing costs now in order to take advantage of future appreciation.
A snippet of John Paulson’s speech to a packed audience at New York’s University Club recently as he warned them of huge changes in the economic environment in the years to come.
September 2010
Turks & Caicos Real Estate | Caribbean 