Hedge-fund manager John Paulson famously made nearly $4 billion in 2007 correctly betting that the housing bubble, fueled by the subprime mortgage market, would pop.
Mr. Paulson is Doubling Down and Arizona is one place he is acquiring property. His Personal Bread and butter seems to be Trophy properties from 2.9 Million to 49 Million. The man is worth close to or around 11 billion dollars makes buying 25,000 homes in #1 hottest market Phoenix, Arizona like throwing away lose change, not hurting his wallet and only gaining his portfolio.
The bust is over buyers stop waiting and sellers it’s time to put your homes up for sale. It’s a seller Market today.