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
MBK Launches Southern California Community
California builder MBK Homes has opened Irving House, a collection of detached homes inspired by 1900s architect Irving Gill.
Next Phase of Rancho Mission Viejo in Full Swing
On the heels of the successful Phase I of the 14,000 home Rancho Mission Viejo development, Sendero, land development work on Phase 2, Esencia is in full swing. This fall,
The New Home Company Announces Amethyst, First-of-its-Kind Residences in Irvine’s Great Park Neighborhoods
The New Home Company today announced the opening of Amethyst, a first-of-its-kind enclave of 54 paired homes at Parasol Park, the newest community in Irvine’s Great Park Neighborhoods. A public
