I work for a company that does a lot of business with builders. I spoke with a guy who has a lot of day-to-day contact with builders and he told me flat out, “These guys who build homes are in total denial. It’s sad. I talk to them all the time and I tell them, things are only going to get worse before they get better. Drop the prices and clear out the inventory. But they don’t want to do it.”
I am not a builder but I can understand why they are in denial. What are they going to do for the next 5 years….sure the hell not going to build much.
Some of the smaller builders should just list a rock bottom prices and get out for a while. Take some of those profits and start a new business or maybe relax for a while.
I know owners that purchased in development a few months to years prior might get angry if builder was to slash prices to min to unload, but most those owners made dumb decisions to buy high anyway.
I am not a builder but I can understand why they are in denial. What are they going to do for the next 5 years….sure the hell not going to build much.
Some of the smaller builders should just list a rock bottom prices and get out for a while. Take some of those profits and start a new business or maybe relax for a while.
I know owners that purchased in development a few months to years prior might get angry if builder was to slash prices to min to unload, but most those owners made dumb decisions to buy high anyway.
I am not a builder but I can understand why they are in denial. What are they going to do for the next 5 years….sure the hell not going to build much.
Some of the smaller builders should just list a rock bottom prices and get out for a while. Take some of those profits and start a new business or maybe relax for a while.
I know owners that purchased in development a few months to years prior might get angry if builder was to slash prices to min to unload, but most those owners made dumb decisions to buy high anyway.
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