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Author: CCinOC Big funky green star, 20000 posts Top Recommended Fools Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 127801  
Subject: Re: Two Unorthodox Ways to Pay Off a Mortgage Ea Date: 8/28/2014 2:13 PM
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Or it could be that the fund was developed because the founder has a particular expertise in how to exploit bearish markets… and that's why he's been quiet the past 5 years, and barking now?

John Paulson is an American hedge fund manager and billionaire who heads Paulson & Co., a New York-based investment management firm he founded in 1994. He has been called one of the most prominent names in high finance and a man who made one of the biggest fortunes in Wall Street history. Paulson famously made a big short call on the housing sector before it crashed. Where is Paulson investing today?

http://www.businessinsider.com/john-paulson-house-is-best-in...

Now he thinks that buying a house is "the best deal investment you can make."

Paulson expressed this earlier today at CNBC's Delivering Alpha conference. One of the reasons why he believes a house is attractive is because mortgages are just so cheap.

"Today financing costs are extraordinarily low," Paulson said during the interview with CNBC anchor Melissa Lee. "You can get a 30-year mortgage somewhere around 4 and a half percent." [Actually, lower than that.]

"The cost of owning is somewhat less than the cost of renting. And if you rent, the rent goes up every year. But if you buy a 30-year mortgage, the cost is fixed. So I think it, you know, is still a very attractive investment."

However, Paulson was speaking specifically for owner-occupiers. In other words, people who would actually live in the homes they were buying.

"To buy it as an investment and rent it out, I'm not so enamored with that concept," he said.

Here is Paulson's portfolio.
http://www.gurufocus.com/StockBuy.php?GuruName=John+Paulson
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