Multibillionaire hedge fund operator
John
Paulson,recently advised listeners crowded in three separate dining rooms, to issue 30 year mortgages to buy a home as "your
debt and interest payments get locked in at record lows, while the price of your
home will rise."
"If you don't own a home buy one," Paulson recommended; " if you own one
home, buy another one, and if you own two homes buy a third and lend your
relatives the money to buy a home." He further advised that this is the best time in 50 years to buy a home.
If you've been sitting on the fence trying to decide whether to buy or not, you may want to contact one or two of your favorite lenders to explore financing options. Once you have a comfortable price range in mind, contact your favorite Realtor for guidance on the best market place to get the best deals in your price range. Steal a little thunder from the hedge fund operators!
And if it's a good time to buy, wouldn't it also be a good time to sell?