What The Smart Money Says
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.
What John Paulson Says
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Financing costs are extraordinarily low – you can get a 30-year mortgage for under 4%.
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Put down 10 percent and the house is up 5 percent, then you would be up 50 percent on your investment.
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You’ve locked in your cost for 30 years. If you rent, the rent goes up every year, but if you buy a 30-year mortgage, the cost is fixed.
So, Who Is John Paulson?
Mr. Paulson is a multibillionaire hedge fund operator who made his name, and a fortune, betting against subprime mortgages when no one else even knew what they were.
He’s been featured in Fortune and the Wall Street Journal among other financial outlets.
Basically, he believes that if you don’t yet live in your own home, you should go buy one.
We just thought that you might like one more reason to make your purchase. In fact, if you need more reasons, why not contact Skyrise Real Estate Group today?