Mr. Paulson is one of the more prominent hedge fund managers. As such, he most definitely knows more than a thing or two about the economy and the markets. So, Mr. Paulson saying that this is actually an excellent time to go buy a home or, if you already have one, buy another one and, if you already have two, then help your children buy homes must be worth something… I guess… right?
I am only a simple man typing away at a $800 computer. There is no way I can make a more informed decision than Mr. Pauson and, of course, nobody reading this blog should take my rants at face value.
I’m posting Mr. Paulson’s comments on my blog merely to be able to refer back to them in the future.
“My advice to all Americans — if you don’t own a home today now’s the time to buy one,” Paulson said. “If you already own one, now’s the time to buy another one. If you already own two, it’s time to help your children buy a home.“