Billionaire Says Real Estate Is Best Investment

Billionaire Says Real Estate Is Best Investment

According to the Wall Street Journal, Paulson is:“A hedge fund tycoon who made his name, and a fortune, betting against subprime mortgages when no one else even knew what they were.”Why does he believe homeownership is such a great investment?Paulson breaks down the math of homeownership as an investment:"Today financing costs are extraordinarily low.”The latest numbers from Freddie Mac show us that you can still get a 30-year mortgage for under 4%.“And if you put down, let's say, 10 percent and the house is up 5 percent,” as many experts predict, “then you would be up 50 percent on your investment."How many are seeing a 50% return on a cash investment right now?Paulson goes on to compare the long term financial benefits of owning verses renting:“And you’ve locked in the cost over the next 30 years. And today 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.”Bottom LineWhenever a billionaire gives investment advice, people usually clamor to hear it. This billionaire gave simple advice – if you don’t yet live in your own home, go buy one.


Ann Marie Cancro Headshot
Author:
Phone: 717-468-1301
Dated: March 29th 2015
Views: 290
About Ann Marie: LICENSED: Licensed Real Estate Professional since October 1990. AFFFILIATIONS: Lancaster Assoc. o...

Property Search








RSS Feed

View our latest blog posts in your RSS reader. Click here to access. RSS

Search Blog

Recent Blogs

3 Things You Can Do This Summer To Increase Your Property Value - Owning a home comes with a
7 Steps To Make Your Rental Property Ready For Summer - 7 Steps To Make Your Rental
Summer Prep Tips For Your Rental - Everyone knows that the summer
Prepare For Severe Summer Weather - We’ve waited a long while for

Saved Properties

This is a list of your favorite properties. We will email you if a property is reduced or leaves the market.

Click 'Save' to add a property to this list.

Register / Login

New & returning visitors please enter your information to login.

By clicking 'register' you are agreeing to our terms of use & giving us expressed written consent to contact you.

Questions? Comments? Complaints?

This message will go directly to the head of our team.

Location & Address

Highland Realty Group LLC
357 Locust Street
Columbia, PA
717-862-4620
717-327-4709

Other Locations