"If you don't own a home, buy one." John Paulson

You may have heard successful hedge fund manager John Paulson's recent comments regarding inflation.  He told a standing room only crowd at New York's University Club that double digit inflation is on its way.  With regards to real estate, Mr. Paulson suggested, "If you don’t own a home, buy one.  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.” 

In an inflationary environment, a fixed mortgage becomes less of a burden as wages and consumer prices increase.  The loan is essentially paid back with less valuable dollars than were originally borrowed.  Whether or not Mr. Paulson's prediction regarding inflation holds true is yet to be seen, but his track record is impressive.  Locking in a 30 year fixed rate loan at today's rates and paying it back in future, cheaper dollars sounds wise to me.

Jerry Garcia's Nacasio home for Sale!

Located up in rural Marin County, the grand estate in Nicasio is asking just shy of $4 million dollars. Sitting on 11 acres and has 300 degree views of Mt. Tan and the Berkeley skyline, was reported to be the last place Jerry owned before his passing in 1995.

The home's features include 7000 square feet of living space, with an additional 1500 Sq.Ft. artist's studio in the back. Designed with a Mediterranean flare, palm trees that surround the property, a  luxurious swimming pool & spa, gourmet kitchen, grand stair case and an au-pair quarters, Jerry lived in style in one of the most breath-taking areas of Northern California.
                                                                                                                            
 Hidden in the rolling valley and hills of Nicasio, the property is somewhat remote and offers complete privacy. Surrounded by open space, the estate is self sufficient, with a deep well for water and large propane tanks for gas with a massive vegetable garden.