Sunday, Apr 20, 2008
Well, bet on a crashing market then buy from a t*sser estate agent
Wall Street Journal: Hedge funds’ Paulson trades up
Last year, hedge-fund manager John Paulson pocketed billions by betting the housing market would collapse, but in the Hamptons, he’s just listed his three-acre retreat for $19.5 million, more than 50 percent above what he paid for it two years ago.
The founder of Paulson & Co., managing roughly $32 billion, recently bought a 10.4-acre lakefront compound less than a mile away for $41.3 million. The seller was Rodney Propp, chairman of a Manhattan property firm.
Posted by lvmreader @ 12:09 AM (238 views) Add Comment
1 Comment
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1. An Bearin Bui said...
God, I wish that bint would just shut the f**k up - sorry, back from pub and just can't believe she is STILL bangingn ON and ON about her bleedin' house - get over it already!