|KCM Crew, October 22nd, 2014
Billionaire money manager John Paulson was interviewed at the Delivering Alpha Conference presented by CNBC and Institutional Investor. During his session he boldly stated:
Who is John Paulson?
Paulson is the person who, back in 2005 & 2006, made a fortune betting that the subprime mortgage mess would cause the real estate market to collapse. He understands how the housing market works and knows when to buy and when to sell. What do others think of Paulson? According to Forbes, John Paulson is:
According to the Wall Street Journal, Paulson is:
Why does he believe homeownership is such a great investment?
Paulson breaks down the math of homeownership as an investment:
How many are seeing a 50% return on a cash investment right now? Paulson goes on to compare the long term financial benefits of owning verses renting:
Whenever a billionaire gives investment advice, people usually clamor to hear it. This billionaire gave simple advice – if you don’t yet live in your own home, go buy one.
Here are our favorite home maintenance tips from bobvila.com with suggestions on how to keep properties in peak condition over the winter months.
- Check for Peeling Paint. Inspect exterior walls to see if any paint is peeling on the house. Peeling paint is an indicator that the existing paint film is deteriorating and can no longer protect the siding of the house.
- Clean the Gutters. After all the leaves have fallen, clean out the gutters and downspouts, flush them out and inspect joints and brackets. Clogged gutters are a major cause of ice dams. Be sure to replace damaged gutters with new ones that have built-in leaf guards.
- Caulk Windows. Be sure to caulk around windows and doorframes to prevent heat from escaping. Caulking and sealing openings is one of the least expensive maintenance jobs and will save on your electric bill in the long run!
- Inspect the Roof. Make sure the roof is in good shape and not missing any loose shingles. It’s better to proactively deal with repairs in the fall than to discover a leaky roof during a snowstorm
- Ready the Fireplace. Have your heating system checked by a licensed heating contractor. Heating systems will use fuel more efficiently, last longer, and have fewer problems if properly serviced. Get your wood stove and fireplace in working order.
- Seal the Driveway. Inspect your driveway for cracks. Clean out and repair any damage with driveway filler, then coat with a commercial sealer. Sealing the driveway now will help extend the life of the asphalt through the winter and beyond.
- Reverse Ceiling Fan. Change the direction of your ceiling fan to create an upward draft that redistributes warm air from the ceiling. Clean your humidifiers regularly during the heating season. Bacteria and spores can develop in a dirty water tank resulting in unclean moisture misting out into your room.
- Cover Air Conditioners. Vacuum internal parts of air conditioners. Remove units from windows or wrap the outside box with an approved tarp or plastic air conditioner cover to prevent rusting of vital parts.
- Prepare Snow Equipment. Check to see that all of your snow equipment is up and running before the first flurry falls. Organize your snow clearing gear. When snow arrives you’ll want to have shovels, roof rakes, and snow blowers where you can get to them.
- Prepare the Deck for Winter. Clean porch and deck furniture, and look for any needed repairs. Cover and store outdoor furniture and barbecues in a protected area. Make sure all soil is emptied from pots and planters. Dirt left in clay pots will freeze and cause the pots to crack if left outside.