John Paulson bullish on housing

CNBC reports that John Paulson, who made $15B by betting against housing in 2008, just held a conference call with investors late April. He's predicting a V-shaped recovery and a major housing recovery. Specifically, he sees prices rising 3-5% in 2010 and 8-12% in 2011.But it is notmuch of a shock. Paulson recently launched a housing recovery fund through which he's making significant bets on rising prices in the wests. He is also betting big on gold.

BTW, Warren Buffett said earlier this week, the economy has begun to show real strength over the last couple months, and consumers who can afford to are spending more!