John Paulson, owner of the hedge fund Paulson & Co, has made millions betting against subprime mortgages. Now he’s saying that buying a home is one of the best investments one can make. He believes we are still very close to the bottom of the housing market and that the recovery will continue for four to seven years so it’s not too late to get in “the game”. He suggests that fixed rate mortgages are a way to hedge against inflation down the road but that rising mortgage interest rates will not cause the housing market to cool. He thinks the price of land will increase and the low inventory of homes will not be enough to meet the coming demand for homes for awhile.