Why Builders are Scum of the Earth.
Got a letter from one of the builders I’m building a house with in Salt Lake City. Apparently they decided they weren’t making enough money from the houses so they decided to disband their company Big Canyon Builders and regroup under a new banner called Bristlecone Builders. But of course, now they no longer need to keep their end of the bargin and stick to their contract price for the homes. They’re just going to jack up the prices 25-35k.
I know a few other investors who are caught up in this and are really pissed. Some of them are keen on suing the builders but I don’t know if this will accomplish anything.
Lets see. I have so many homes tied up, the loss of 1 or 2 of them doesn’t make too much of a difference. Going to court takes money, time and a great deal of stamina! I’d rather figure out how to make more money than chase after the loss of 20k in one deal.
![[del.icio.us]](http://images.del.icio.us/static/img/delicious.small.gif){kind=small}
- Sub-prime Lenders Down Again Sub-prime lenders LEND, NFI,NEW were down again today, dropping between 3 and 17%. Wish I had shorted some of the sub-prime lenders instead of WCI!I think this is just the tip of the iceberg, just like in the good old dot-bomb days when there was some initial weakening before the......
- Fight Global Warming By Chopping Down Trees Its true. Here's a quote from the Economist magazine.A climate model suggests that chopping down the Earth's trees would help fight global warming.Actually to be honest, while they did make those findings, they concluded that its better to replant the rain forests around the equator instead of at the higher......
-
More Info On The Oil Deal As a follow up to a previous post on the oil deal I'm doing, the private lender is very interested in our deal. We have to go through his contract and sign it within 7 days and post the commitment fee of $200k. At that point, we cannot back out.......
Related Websites
- Daily Deal on iRobot Roomba Vacuum I don't normally promote products on my blogs but this one-day only deal on a Roomba robotic vacuum from Amazon is too good not to mention. What's a robotic vacuum? It's a baby boomer's dream, that's what. Two months ago we purchased a Roomba vacuum for our house. My sister......
- Succeeding in Online Forex Day Trading Forex trading is the largest known financial market. Day or night, it doesn't really matter; the trade goes on even as half of the world is asleep. It offers a lot of opportunities for many organizations and individuals to make profit. There are many day traders in the market, and......
- Online Antiques Auctions According purely to definition, antiques are described as being any object that has a collectible value and that is more than 100 years in age. There are a number of different antiques auction websites that are designed to sell these types of antique items online. Some of these websites specialize......
[All content is copyright of Living Off Dividends & Passive Income]
Leave a Reply