I just wonder when the lawsuits start hitting the builders. A
lot of them built houses with very shoddy materials, including
hazardous insulation made in China, sub-par wood, etc, because they
figured the first home buyers were just going to flip them. So they
figured the builder would be removed from the chain of liability by
multiple owners. A lot of these houses built during the gold
rush from 2002 - 2006 are unfit for inhabitants. The balance sheets
of these companies can't take much of a hit. So trade them like
they have a lit fuse, don't invest in them
homebuilders going up -- like the market -- is
ridiculous......the current inventory of unsold homes is 9 YEARS at
current pace of sales. "Normal" is 6 to nine months....
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Homies
XHB home builders, nice base
Posted by PA on 3rd of Nov 2010 at 11:29 am
I just wonder when the lawsuits start hitting the builders. A lot of them built houses with very shoddy materials, including hazardous insulation made in China, sub-par wood, etc, because they figured the first home buyers were just going to flip them. So they figured the builder would be removed from the chain of liability by multiple owners. A lot of these houses built during the gold rush from 2002 - 2006 are unfit for inhabitants. The balance sheets of these companies can't take much of a hit. So trade them like they have a lit fuse, don't invest in them
homebuilders going up -- like
Posted by Michael on 3rd of Nov 2010 at 11:36 am
homebuilders going up -- like the market -- is ridiculous......the current inventory of unsold homes is 9 YEARS at current pace of sales. "Normal" is 6 to nine months....