Paulson Starts Lot Disposition Program
During the bottom of the housing market, hedge fund magnate John Paulson (who famously shorted the subprime mortgage market earning himself an estimated $4 – 5 billion in the process) amassed approximately 35,000 residential lots throughout the country representing a $770 million bet on the housing recovery. To put that in perspective, Paulson’s land inventory is equivalent to that of the 10th largest US homebuilder. Apparently, the time has now come for Paulson to harvest his investment with the onset of his lot disposition program.
About author
You might also like
Pardee Homes Inland Empire Looks to Make Splash with 55+ Development
Pardee Homes is developing Altis in Beaumont, Califfornia
Millennials are Abandoning the Suburbs for a New Kind of Neighborhood
A new type of housing community called an agrihood is one of the latest real-estate trends gaining popularity across the US.
San Juan Capistrano’s Oaks Farms Honored as Nation’s Best New Community
The Oaks Farms in San Juan Capistrano, Calif. was honored this week at the International Builder’s Show as the nation’s Community of the Year. The National Association of Home Builders’
