A few years ago the market was wild with enthusiasm and multiple offers drove the prices of houses up up and away. We’ve experienced a massive correction–or even an over correction. One brahmin of finance that bet against the market when everyone else was inflating the bubble was John Paulson (multibillionaire hedge fund operator). He thought (correctly) that things were too expensive and shorted the market and made bazillions. Want to hear what he says today?

“If you don’t own a home buy one; 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. Your debt and interest payments get locked in at record lows, while the price of your home will rise.”

–John Paulson