Billionaire John Paulson believes buying a single-family home or condo for a primary residence is the best investment one can make. However, buying a secondary house or condo to rent out isn’t as appealing.
Buying single family home or condo best investment
Excerpts from MSNBC interview with billionaire money manager John Paulson:
“I still think, from an individual perspective, the best deal investment you can make is to buy a primary residence that you’re the owner-occupier of,” Paulson said Wednesday at the Delivering Alpha conference presented by CNBC and Institutional Investor.
“Today financing costs are extraordinarily low. You can get a 30-year mortgage somewhere around 4.5 percent. And if you put down, let’s say, 10 percent and the house is up 5 percent, which is the latest data, then you would be up 50 percent on your investment,” hedge fund manager Paulson explained. “And you’ve locked in the cost over the next 30 years. And today the cost of owning is somewhat less than the cost of renting. And if you rent, the rent goes up every year. But if you buy a 30-year mortgage, the cost is fixed.”
View Boston condominiums that you can purchase and live in, to make it your best investment.
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- $1,275,000Open House2 beds 2 full baths1,175 sqft lot 1,175 sqftListed with WEICHERT, REALTORS® – SynergyMLS 71761020
- 1 bed 1 full bath847 sqft lot 847 sqftListed with Coldwell Banker Residential Brokerage – Boston – Newbury St.MLS 71760498
- $299,000Open House1 bed 1 full bath390 sqftListed with Boston City PropertiesMLS 71760166
- $1,800,000Open House3 beds 2 full baths1,410 sqftListed with William Raveis R.E. & Home ServicesMLS 71760108
- $350,000Open House1 bed 1 full bath545 sqftListed with Coldwell Banker Residential Brokerage – Boston – Newbury St.MLS 71760095
- Open House1 bed 1 full bath860 sqft lot 860 sqftListed with Coldwell Banker Residential Brokerage – Boston – Beacon HillMLS 71759632
- $1,950,0002 beds 1 full, 1 part baths1,397 sqftListed with Campion & Company Fine Homes Real EstateMLS 71759439
- 2 beds 1 full bath1,075 sqft lot 1,075 sqftListed with Local Boston BrokerageMLS 71759129
- Open House1 bed 1 full bath908 sqftListed with William Raveis R.E. & Home ServicesMLS 71758629
- 1 bed 1 full bath711 sqftListed with Boston Realty RelocationsMLS 71757538
- $1,990,0001 bed 2 full baths1,393 sqftListed with Boston Realty AdvisorsMLS 71757529
- 1 bed 1 full bath765 sqft lot 765 sqftListed with Coldwell Banker Residential Brokerage-Boston-Commonwealth AvenueMLS 71756916
- $2,200,000Open House2 beds 2 full, 1 part baths2,015 sqftListed with Luxury Residential Group, LLCMLS 71756751
- $1,550,000Open House2 beds 2 full baths1,204 sqftListed with Campion & Company Fine Homes Real EstateMLS 71756694
- $1,975,0002 beds 2 full, 1 part baths1,573 sqftListed with Atlantic Assoc. Real EstateMLS 71756397
- $2,499,0002 beds 2 full, 1 part baths1,871 sqftListed with Otis & Ahearn – Back Bay/DowntownMLS 71756230
- Open House1 bed 2 full baths1,146 sqft lot 1,146 sqftListed with Gibson Sotheby’s International RealtyMLS 71754904
- $3,600,0003 beds 3 full baths2,038 sqftListed with Otis & Ahearn – Back Bay/DowntownMLS 71754267
- $595,0001 bed 1 full bath760 sqftListed with Unlimited Sotheby’s International RealtyMLS 71753752
- $1,250,0001 bed 1 full, 1 part baths1,250 sqftListed with Gibson Sotheby’s International RealtyMLS 71752992
- $3,100,0002 beds 2 full, 1 part baths2,398 sqftListed with Gibson Sotheby’s International RealtyMLS 71752990
- $8,500,0004 beds 4 full, 1 part baths4,059 sqftListed with Gibson Sotheby’s International RealtyMLS 71752989
- 1 bed 1 full, 1 part baths926 sqft lot 926 sqftListed with Live In Luxury Real Estate CompanyMLS 71751992
- Open House1 bed 1 full bath765 sqftListed with Sprogis & Neale Real EstateMLS 71751592
- Open House2 beds 2 full baths1,017 sqftListed with William Raveis R.E. & Home ServicesMLS 71751225The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.