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Big money betting big on housing
Investors are demonstrating their confidence in the housing recovery.  Hedge funds and private equity firms have been buying up companies and assets in every part of the housing supply chain, including undeveloped land, homebuilders, foreclosed homes, and building parts manufacturers.  Hedge fund manager John Paulson, best known for his big (and lucrative) bets against subprime mortgages in 2006 and 2007, is one of the most notable players.   He's snapping up undeveloped land in areas hardest hit by the housing crisis.
Read article - CNN Money