LIVING OFF DIVIDENDS & PASSIVE INCOME

According to the FirstHomebuilders.com, based out of florida, they’re selling homes to everyday heroes. You can buy one of their brand new homes with $500 down and as little as $795 per month.

Considering that the cheapest homes are in $150,000 range, thats sounds like 102% financing with an Interest-only payment and it probably an adjustable interest rate too.

That sounds like a loan program they’ve been advertising for the past 4 years to people who can’t afford a home in the first place? Since when did we start calling these people “everyday heroes”?

• High home prices causing Californians to flee The New York Times 7th November edition ran an interesting article - Saying Goodbye California Sun,Hello MidwestIt 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......
• Mortgage Lenders Squeeling Like Pigs: WAMU First To Cry Uncle Despite Ben Bernanke's optimism that the sub-prime issues wouldn't spread to the rest the of the economy, not only is it spreading to the rest the of the economy, its become our favorite export to global economies too!The resulting liquidity crunch has already begun. Many banks just announced that they'll......
• What You Need To Know About Being Sued Personal Finance blogger Lazy Man & Money is being sued by a multi-level marketing company called MonaVie that sells a very expensive juice. The crux of the matter is that Lazy Man is highly skeptical of the claims the company makes about the product and the company is trying to......

• Introduction to Mortgages pt 5 of 5 This is part five in a five part series on what you need to know about mortgages before you buy a home. The housing market is an interesting beast, because it comes and goes, rises and falls, allows some people to flourish and brings others to ruins. If you want......
• Real Estate Agents Turn To Home Clearers I ran across this interesting article in The Denver Post about real estate agents turning to "Home Clearers" in an effort to move homes stuck on the market.  No, these home clearers should not be confused with people who stage homes for showing, rather these work more in the spiritual......
• A Decade of the Internet [/caption] The decade did not begin auspiciously for the Internet; it opened not with a bang, but a bust. However, the 2000 dot.com bust, far from signaling the end of the Web, served as a much-needed “reset” for an industry run amok. Gone were websites with great ideas, fistfuls of......

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