Who wants a nice ski lodge? Anybody interested in a place on the beach? Today’s your lucky day.
As this is the best time in 50 years to buy homes, Paulson advised a group at New York’s University Club, crowded into 3 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.”