Simple advice from billionaire money manager, John Paulson: If you don’t yet live in your own home, go buy one.
Paulson was recently interviewed at the Delivering Alpha Conference presented by CNBC and Institutional Investor. During his session he boldly stated:
“I still think, from an individual perspective, the best deal investment you can make is to buy a primary residence that you’re the owner-occupier of.”
Homeownership as a great investment:
How does 50% return on a cash investment sound? Paulson breaks down the numbers:
“Today financing costs are extraordinarily low. You can get a 30-year mortgage somewhere around 4.5 percent. And if you put down, let’s say, 10 percent and the house is up 5 percent, which is the latest data, then you would be up 50 percent on your investment.”
>> Read more from John Paulson’s recent interview and real estate advice here.
Are you thinking of buying a home?
If you’ve been on the fence about buying a home, now is an excellent time to hop off that fence and make the move! If you have questions about what your options are based on your current situation, we’re here to help.