Hedge-fund manager who made nearly $4 billion in 2007 by betting correctly that the housing market would fumble to the ground.
John Paulson argued that the housing cycle had hit its low point.
"If you don't own a home, buy one," Paulson said in a speech at the University Club in New York.
"If you own one home, buy another, and if you own two homes, buy a third and lend your relatives the money to buy a home."
According to the Wall Street Journal, Paulson has about $3 billion personally in 2011, with his thoughts of the economy recovery faster.
Through his lost, Paulson, whose net worth estimates around $11 billion, went on a housing shopping spree.
The Journal reported that over the last eight years, he has spent more than $145 million on six properties. Those properties include two mansions in Southampton, N.Y., another two near Aspen, Colo., and two residences in Manhattan.
Paulson reportedly sold one of his Southampton properties for $10 million in 2009, a year after buying another nearby estate.
On Monday, Funds managed by Paulson & Co. purchased $30 billion worth of stock in William Lyon Homes. The company now owns about 25,000 home sites in Florida, Arizona, Nevada, Colorado and California.
Paulson's office released a statement last summer about his purchase that he has both directly and through his funds "substantial real-estate interest across the United States, including other properties in Colorado, Arizona, Nevada and Florida and Hawaii."
Paulson continues to be interested in U.S. real estate opportunities, according to the statement.
