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John Paulson on Frothy US Housing Market: This Time Is Different

  • Unlike subprime era, financial system is not at risk, he says
  • Real interest rates blamed for lackluster gold price
Bloomberg business news
Housing Market Not as Bad as It Seems: Hepp

John Paulson became a billionaire after his hedge fund effectively shorted more than $25 billion of mortgage securities at the dawn of the global financial crisis. 

As he sizes up yet another frothy housing market some 15 years later, the founder of Paulson & Co. says another downturn in US home prices may be in the cards -- but the banking system is in a much better condition to handle it.