Paulson's bet on RE

A

atticus

Paulson is buying 550MM in entitled raw-land in SoCal. I got the info direct from the CEO of a $5B REIT. Also, Don Wilson of DRW Trading is making large bets in NV, AZ and CA as well; but in residential single family.
 
Quote from atticus:

Paulson is buying 550MM in entitled raw-land in SoCal.
Don Wilson of DRW Trading is making large bets in n residential single family.
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Thank you atticus.

Now how do I ride along in exchange traded instruments seeing as how I have less than that 550mm AUM?

I don't know Paulson, but Don has made some pretty boneheaded moves in the past.

-WD
 
Quote from atticus:

Paulson is buying 550MM in entitled raw-land in SoCal. I got the info direct from the CEO of a $5B REIT. Also, Don Wilson of DRW Trading is making large bets in NV, AZ and CA as well; but in residential single family.
More...

very interesting indeed. i hope they are not catching a falling knife.
 
Quote from Alcibiades:

Thank you atticus.

Now how do I ride along in exchange traded instruments seeing as how I have less than that 550mm AUM?

I don't know Paulson, but Don has made some pretty boneheaded moves in the past.

-WD
More...
CME housing futures
 
Nobody said Paulson was a choir boy. To be so damning of the sector in public while buying on the Q.T. Wilson made many millions as a Eurodollar option quant, but I have no reason to question his interest in rez RE.
 
Quote from nazzdack:

Are either of them involved with the land in vicinity of the "Hollywood" sign?
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No, that would be Joe Ritchie.

Thane Ritchie and Don Wilson were partners at one time,
but that time is long gone.
 
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