LIVING OFF DIVIDENDS & PASSIVE INCOME

The New York Times 7th November edition ran an interesting article – Saying Goodbye California Sun,Hello Midwest

It basically mentioned what I’ve been telling people for nearly a year now. Once housing starts getting too expensive, people are going to start moving to cheaper places. Last year 100,000 more people left California than moved in. This is a 5 fold increase from 2001 and I guarantee is just the beginning. Since 2001, 50% of all jobs in California have been real estate related and once the market stalls, umemployed people will start moving out in droves.

The article mentions that people have already started moving to states like Arizona, Utah, Texas and the midwest states like Ohio.

I’ve been investing in Utah for a year now and the day before yesterday I had a chance to met one of my tenants. He moved from Arizona a few months ago and told me a lot of his relatives were moving out of Arizona and into Utah. They could sell their homes there and buy bigger homes in Utah for less.

Heck, I’d move to Utah too if my wife would let me!

• Turning Japanese Here's some interesting info from Bill Bonner, author of Empire of Debt: The Rise of an Epic Financial Crisis The Fed is still talking about the risk of inflation...while the risk of deflation rises daily. Deflation happens when liquidity dries up. Suddenly, money disappears. Lenders don’t lend. Spenders don’t spend.......
• The Deflation Scam The media has been going on and on about deflation. Long-term bond prices have also been trending up and long term yields have been dropping, which means that the market thinks there will be long-term deflation. Even the Consumer Price Index numbers that came out claim that inflation is under......
• Housing Update From WSJ Todays WSJ had a decent article on housing, 'Housing Glut Gives Buyers Upper Hand'. Seems like certain parts of the country are in for a bumpy ride. Here are some excerpts.*A quarterly survey of housing conditions in 28 major metropolitan areas by The Wall Street Journal showed that the inventory......

• Los Angeles was a desert, you know.. Ok, this is something I have been thinking about lately, ever since my wife and I moved from one town in Los Angeles to another. One large city, completely different climates throughout the entire thing. See, we used to live in the HOT part of Los Angeles, which used to......
• Mortgage Home Possessions Continue to Rise The last two quarters of 2008 have seen a steady increase in the number of mortgage possession orders reaching the county courts, and this is according to data and statistics that have been released by the UK's Ministry of Justice. In England and Wales, there have been a total sum......
• Social Media Marketing in This Upcoming Year - 2010 Social Media Marketing in This Upcoming Year - 2010 By Hillel Porath Lets get started! Facebook: Facebook will only be getting better. Facebook has created the ideal situation of an online community. I believe we will see better and improved ways for interaction between Facebook users in this upcoming year-......

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