LIVING OFF DIVIDENDS & PASSIVE INCOME

Another Russian Billionaire just paid $750 million for a house, or palace actually, in the French Mediterranean Cote d’Azur. The purchase price more than doubles the previous record.

Seems just a little too ostentatious for my tastes, but then again, I don’t have nearly a billion dollars to spend on buying a home.

In other news, the New York Post reported that a unnamed SWF (no thats not Single White Female, but rather Sovereign Wealth Fund) has earmarked $29 Billion for “investing” in foreclosed properties in the US. According to the paper, this unidentified fund has been hiring mortgage brokers all over the West Coast and instructing them to start bargin hunting for single and multi-family dwellings. That much money could buy 150,000 average U.S. homes.

Seems like a good way to get rid of your excess dollars and put them into in asset that will match inflation in the long run. And unlike the Japanese who bought up trophy properties at the peak during the 80’s, this SWF at least waited for a correction.

So along with all our gas money, now even our rent checks will end up in the Middle East!

If you want to start your own real estate empire, check out these commercial and residential property listings.

• Ben Stein Loves Real Estate I'm a big fan of Ben Stein's books.I also read his column, How Not To Ruin Your Life. This weeks issue is about letting the non-financially savy spouse in on what to do after you pass away. But best of all, he professes his love for real estate!We're currently somewhat......
• Why Low Interest Rates Are Bad For You Check out this excellent, excellent video where Ron Paul rips Bernanke a new one. He explains why lowering the interest rates is screwing the US citizens. Low rates leads to a weak dollar which causes inflation (since we import nearly everything from foreign countries). By lowering the rates, the Feds......
• Is It A Good Time To Invest In Real Estate? Even though I've experienced phenomenal returns in real estate, I think its getting exceedingly difficult to invest in that asset class. If you're flipping houses and you have a good buying and selling system in place, then the story is different, but thats probably your full-time job. If you a......

• Why the Real Estate Market Slowdown is great for Consumers In the last several years, prices in many real estate markets have gone up dramatically. Many home-owners have seen double-digit gains on their homes for several years in a row, and prices just seemed to keep going up and up. Credit was offered to those who really couldn’t afford homes,......
• Central Florida Real Estate :: Not Moving As Quickly I've been writing lately about the homeowners insurance rates in Florida.  We watch the home sales in our neighborhood, and things have definitely slowed down.  Houses are still moving, albeit not nearly as fast as they used to be.  We also see a lot of the "Assist To Sell" signs,......
• Dave Ramsey's Financial Peace University: Week 12 - Real Estate and Mortgages Last week - Working in your Strengths Last week was week 11 in Dave Ramsey's "Financial Peace University". Week 11 was all about careers and doing what you love for work.  Ideas talked about: The average job in America is now 2.1 years in length. The key to power in......

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