Why You Should Buy a House Now

OK, we get that you want to be the one guy in the universe to know precisely when housing prices have reached bottom before you buy. Well, the logic of multi-millionaire hedge fund manager John Paulson may just shut you up.

He says that today's record-low interest rates make this the best time to buy homes in 50 years. In fact, his advice is: "If you don't own a home, buy one," Paulson said. "If you own one home, buy another one, and if you own two homes, buy a third and lend your relatives the money to buy a home."