• 11 Jun 2009 at 1:46 PM

John Paulson Finally Catches A Break

By Bess Levin

Picture 1524.pngAfter putting it on the market back in April 2008, the preferred Paulson has finally sold his Southampton vacation home, for $9.9 million (JP bought the place for $12.75 million in 2006). He was originally looking to pocket $19.5 million, but was forced to reduce the asking price for the 7,000 square foot pad (featuring 7 bedrooms and 7.5 bathrooms) to $16.9 million last August, $13.9 million last October. [NYP via Cityfile]
Earlier: John Paulson Having Trubs With Housing Market

Comments (21)

  1. 1
    Posted by guest | June 11, 2009 at 1:55 PM

    it would’ve been funnier if he’d gotten foreclosed on.

  2. 2
    Posted by guest | June 11, 2009 at 2:00 PM

    What? no tag?

  3. 3
    Posted by guest | June 11, 2009 at 2:07 PM

    not worth more than 5.

  4. 4
    Posted by guest | June 11, 2009 at 2:13 PM

    1,
    Why would it be funny? Because he beat the piss out of the markets last year, while you were under your comforter jerking-off, crying, and listening to Wham!?
    —Wake Me Up Before You Go-GO

  5. 5
    Posted by guest | June 11, 2009 at 2:17 PM

    Since Paulson saved Goldman’s a$$ and thus his retirement assets a few million here or there is just pocket change.
    Millions I laugh….when it reaches the tens of billions it might catch my attention…

  6. 6
    Posted by guest | June 11, 2009 at 2:19 PM

    @5 wrong paulson / back to yahoo finance

  7. 7
    Posted by guest | June 11, 2009 at 2:21 PM

    @4- how is it possible that you were able to write that comment while stroking JP’s cock and balls?
    @5- kill yourself.

  8. 8
    Posted by guest | June 11, 2009 at 2:23 PM

    @4- I’m a fan of Paulson. It was a joke. But way to ride to his rescue.
    -1

  9. 9
    Posted by guest | June 11, 2009 at 2:24 PM

    my #5 post….I go the wrong Paulson, John Paulson keep kicking Wall Street’s a$$, sorry for confusing you with Hank.

  10. 10
    Posted by guest | June 11, 2009 at 2:26 PM

    @9/5 just stop talking.

  11. 11
    Posted by guest | June 11, 2009 at 2:26 PM

    Why would he sell it? Buying one three times as big? I would think avoiding the hassle of bad press on losing 2 mm would exceed the carrying cost of the place (for him, anyway).

  12. 12
    Posted by guest | June 11, 2009 at 2:30 PM

    @12- b/c he wants to sell, and in the context of “bad press,” this is nothing?

  13. 13
    Posted by AndrewInGreenwich | June 11, 2009 at 2:32 PM

    @5/9
    Take your GED and GTFO.

  14. 14
    Posted by guest | June 11, 2009 at 2:32 PM

    Now what would be really funny is, if Joe Gregory could get his reduced asking price.

  15. 15
    Posted by Investorcluzo | June 11, 2009 at 2:34 PM

    @5 – epic fail…WOW! is that you maxine?

  16. 16
    Posted by guest | June 11, 2009 at 2:38 PM

    Wow, I totally fucked that up. 10 was meant for 5.

  17. 17
    Posted by guest | June 11, 2009 at 3:04 PM

    5 is clearly asness trolling everyone on this board
    @9 way to stay in character cliff
    @10 facepalm
    @14 facepalm
    @17 facepalm

  18. 18
    Posted by guest | June 11, 2009 at 3:45 PM

    7,
    Speech recognition, jerk-off.
    -Butter-Balm. Who be next?

  19. 19
    Posted by guest | June 11, 2009 at 3:54 PM

    Clearly y’all don’t realize that this house was the hedge to his billion dollar short sub-prime position. He’s just closing off the trade to pay out another multi billion in dividends to himself…

  20. 20
    Posted by Anal_yst | June 11, 2009 at 4:29 PM

    Obvs if he’d replaced the 60″ sony xbr in the master bedroom with something a bit more “modern” this woulda easily gotten $15mil, minimum

  21. 21
    Posted by guest | June 11, 2009 at 8:05 PM

    He’s a guy who doesn’t need the money. So, why sell the house at a loss unless he thinks the market is going to get even worse?
    -schutfok@yahoofinance

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