LIVING OFF DIVIDENDS & PASSIVE INCOME

The past week has been terrible for stockholders of sub-prime lenders. Today a major home builder, Toll Brothers reported that its net profit fell nearly 70% in the 1st quarter.

There’s a major slow-down in many markets across the country. Inventory is piling up and home prices are dropping. However, for renters who are looking to become home owners, this is positive news.

Today I spoke to a friend of mine who’s a CPA. He has a builder client who’s looking to offload some of his brand new homes at a 20% discount to current market value. (Thats not the same as a year old appraisal for 20% more! Its discounted off the current market value.)

If you’re looking for a new home, thats the way to go. Find a builder who needs out and buy directly from him. You’ll get a great deal. Thats not to say you won’t get better deals in the future, but if you want a home NOW, this is the best deal in town.

So if you’re looking for new discounted homes in various parts of San Diego or downtown condos, shoot me an email.

• The World's Most Successful Depression-Era Investor I subscribe to a lot of newsletters. One of them Capital & Crises by Chris Mayer had a very interesting write up on John Maynard Keynes: You probably know John Maynard Keynes as an economist, but may not know that he was also a great investor, maybe the most the......
• Calm Before the Storm? What You Should Do With Your Money While Markets Are Still Up Today's guest post is by MoneyEnergy. Unless you’ve been on vacation on one of the earth’s poles for the last month, you’ll know that the last few weeks have been great in the markets.  More than four straight weeks of gains have led many commentators to begin asking whether we’re......
• D R Horton Offering Massive Incentives In Florida Remember how Pulte Homes was giving $99k discounts in California? Well it looks like its becoming a common occurance along the coasts. Check out this ad in the Daytona Beach News Journal.Lennar builders just announced their profits were down 40% and guess what, the stock was actually up on that......

• How is Antique Pricing Figured? There are a variety of different ways that you can collect antiques, and one of the most important considerations in the antique collecting arena is antique pricing. Understanding how antique pricing is figured out is an important part of collecting antiques because it will influence how you purchase antiques and......
• How I Find Value Where Others Do Not Since the recession began, I've been struggling with the concept of trading down versus trading down to better value. In other words, should I move to a policy of buying brands/goods that might be cheaper and lower in quality, or stick to brands/goods with a lower price but provide......
• What is a Trader's Market? You've probably heard the phrase "This is a trader's market!" so many times that you're sick of hearing it. If you're an investor, the concept trader's market probably doesn't mean that much to you since you're buying stocks for the long haul by dollar cost averaging into the market. But,......

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