Posted: 22 Jul 2013 04:00 AM PDT
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:
When asked how the average person can take advantage of the current real estate market, Paulson said:
Should we care what Mr. Paulson thinks? Should we listen to him? The answer to both questions is a resounding ‘YES’. Here is why.
Who is John Paulson?
Paulson is the person who made a fortune back in 2007 betting that the subprime mortgage mess would cause the real estate market to collapse. He understands how the housing market works and knows when to buy and when to sell.
If we are to trust anyone’s advice, it should be Mr. Paulson’s.