John Paulson Probably Just Bought His Third Cousin A $2.85 Million Apartment


September 28, 2010: “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.”

November 19, 2010: "John Paulson...just dropped $2.85 million on a two-bedroom spread at 641 Fifth Avenue's Olympic Tower. "

Like he's going to live in some 2-bedroom shithole. Congratulations, long-lost cousin of John Paulson!

Hedge funder John Paulson picks up $3M Olympic Tower pad [The Real Deal]

*Which he does
**Ditto on that one.