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
Shopoff Bolsters Land Acquisition Staff
Joseph Reed joins Shopoff Realty Investments as Vice President of Land Acquisition. The 27-year land business veteran was most recently with KB Home and had also previously held positions with
Land Entitlement Is Only Becoming More Challenging
By Kelsi Maree Borland From CEQA lawsuits to anti-development legislation aside, land entitlement in Los Angeles is becoming more and more challenges for developers as land prices skyrocket and availability
Escondido Commission OKs Major Housing Development
A proposal to build 380 homes on the grounds of the former Escondido Country Club moved forward.
