How did Toll Brothers survive the housing slump?

[outtamojo]

http://www.contracostatimes.com/news/ci_21173363/how-did-toll-brothers-survive-housing-slump-by?source=most_viewed

123 million in forfeited deposits sucked out of homebuyers!

[Coronita]

ouch…

[spdrun]

Considering TB’s sh!te construction quality, the depositors may have been better off reneging, deposit or no.

[sdrealtor]

Have you ever owned a Toll Brothers home? If not how can you comment on their construction quality?

[spdrun]

That’s like saying that you can’t comment on Trabant construction quality unless you’ve actually had the good fortune of owning one. There are other ways of finding out — “on your own skin” isn’t the only way.

[sdrealtor]

Please enlighten us oh great one. What are those other ways and how do you know?

I know Bob Toll personally and have at least a dozen friends who own Toll Brothers homes so I have a fairly large body of knowledge to draw from. What are you drawing from besides your bong?

[spdrun]

Can’t argue taste (in friends or houses), so I won’t try.

[ocrenter]

so who should bear the risk of the market? assuming a 6 month period for the home construction. if the buyer can not qualify 6 month after signing, the builder is stuck with an empty spec home. the builder lost 6 month of opportunity to find another buyer for the home. in addition, with the example of the guy that lost his $100k deposit on a home that was $2.2 mil but was worth $1.4 mil when the home was completed, seem to me the $100k loss was a much better outcome vs being underwater by $800k.

[ocrenter]

[quote=spdrun]Can’t argue taste (in friends or houses), so I won’t try.[/quote]

I would be interested in regard to evidence that you based your comment on. Not arguing at all. I personally do not know Bob Toll, nor do I own or ever owned a Toll home, nor do I have friends that own Toll homes. They do have a good reputation, just curious about evidence to the contrary.

[sdrealtor]

Here’s the evidence as provided by a greasel driving NYer.

[spdrun]

Why don’t YOU provide evidence to the contrary other than lame name dropping and even lamer videos?

PS – laughing to the bank driving the “greasel” while others pay several C-notes per month for a new car, plus the costs of full insurance (i.e. more than just liability).

[Navydoc]

How about I do it instead. Please explain to me how foundation footings rated almost twice what code requires (4600 PSI versus 2600), and 2×4 wall studs on 12″ centers represents shite construction. Go see some of the framed units at Stonebridge and note how much wood they use in these houses–it’s awesome. Foundation slab is 10″ instead of 4″ per code. Fixtures are top quality, crown moulding is 7″. Sure they use Silverline windows like every other builder out there, but they’re probably fine in San diego. There is no comparison between their construction methods and any other available new home in Stonebridge. This info is right from my pre-drywall inspection, so I actually have bought a Toll home. I also knew Bob Toll in med school while I was dating his niece. Spent the holidays with him at a condo in Telluride. He’s a nice guy that believes you’ll survive best by offering a superior product.

I’d like more info on how you arrived at the conclusion their construction is shite. I can tell you this, my new place is put together one hell of a lot better than the place I just sold in Maryland, and that was built with bricks.

[spdrun]

Construction quality also has to do with execution, not just initial design, you know. That’s where all of the mass-produced-box builders fall down. If code only requires a 4″ slab, then the problem is with the code!

[Navydoc]

So where’s the evidence you have that shows their execution is faulty? From what I’ve seen so far of the finished work it looks quite good to me. Compared to the Maryland home, which had numerous gaps around switchplates and outlets, the Toll attention to detail appears far superior. I’m quite happy with the purchase, and can’t wait to move in.

I have a feeling we’re going to wait quite a long time for this “evidence”, and will endure multiple straw men in the meantime.

[desmond]

What a way to spend a Saturday night.

[Author]

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