Bill Ackman: Homes Are Cheap Now

Bill Ackman is firmly in the camp of John Paulson on housing, which is to say he's very bullish.

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Photo by:Seven_Null7
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Speaking at an investment conference last week, the head of Pershing Square Capital Management advised investing in single family homes, according to Market Folly.

He explained his position by pointing out that home affordability has reached its highest level in many years, while low interest rates make financing cheap. As the economy recovers, he expects home prices to rise.