REAL Estate, TOLL BROS and MORE

Briefing.com

Would there be a significant FALL in Consumer Sentiment if the POSITIVE employment blah blah data presented was accurate? Was not misrepresented? MAnipulated? Falsified?

What you don;t need is going down in price, what you HAVE to have is rising = STAGFLATION!

LOW and FALLING Bond Yields have been screaming to the deaf and lemmings the conomy is SLOWING!

"MONEY IS TIGHT RIGHT NOW" WHY? Because home have stopped appreciating for cash outs? GOV STIMULUS is over.

Or the fact new home buyers have to pay SIGNIFICANTLY UP in home PRICE to get in a house?
We basically have a ZERO SAVINGS RATE economy. Earnings for FININACIAL sector going forward has been cut. Lower OIL prices from highs should CUT energy sector profits. PROSPECTS for SPX earnings are TOO HIGH IMHO.

GYM RATS:

Nobody talking about STOCK MARKET anymore like in 2000, but every day I work out REAL ESTATE comes up!

Typical story. "My father (home builder) built a home in Rehobeth BEach for $500,000, some guy 3 years ago walked up to him on porch and offered $1.4 M

3 years later it is bought and sold 3 MORE times last time $4.1 MILLION! ALL SPECULATORS!

BUILDERS are fighting over open land for development, prices for LOTS have skyrocketed. HOUSING COSTS DO NOT MAKE IT INTO THE FREAKIN' CPI for inflation?!!!! **&&$$!! BS!

TOLL BROS (form 2002, how WRONG was this putz?)


http://www.primezone.com/newsroom/?d=73193
"Increasing numbers of high-income households are competing for a constrained supply of home sites; gaining approvals to build in affluent, well-located neighborhoods is a complex, expensive and lengthy undertaking. In response to the widening gap between tight supply and growing demand, we continue to expand our pipeline of land under development. We now control over 63,000 home sites - a five-to-six year supply based on our historic pace of expansion. With this land, attractive demographics, our diversity of products and our highly respected brand name in the luxury market, we believe we are well-positioned for continued growth in the years ahead."


**They build 8,000 homes a year, then they at least a 6 year supply or more, land purchased at TOP dollar?

I don't know when this game of musical chairs ends, ALL cycles end. WHile we are already at HISTORIC extremes of low savings, weak wage growth, levels of debt and consumption, while each month brings NEW records in home sales and appreciation.........aren't we haven't we wrung this one just about DRY?

ANY SLOWING in DEMAND, could bring prices crashing down. ALL the while the FED is STILL pumping the money supply. WOULD they if their public pronouncements of concern in housing price runup meant a damn thing?

D