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paranoid.
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February 11, 2009 at 10:43 AM #345000February 11, 2009 at 10:56 AM #344446
paranoid
ParticipantGn/pw: “After foreclosure on the builders, many of the lots in 4S will be sold at lower prices to other builders”
the problem is that almost all builders are in financial distress. who will be able to buy these lands even at lower prices? Who will be willing to Buy these lands and build before they are sure that the housing price is rising again and not sinking?
February 11, 2009 at 10:56 AM #344768ParticipantGn/pw: “After foreclosure on the builders, many of the lots in 4S will be sold at lower prices to other builders”
the problem is that almost all builders are in financial distress. who will be able to buy these lands even at lower prices? Who will be willing to Buy these lands and build before they are sure that the housing price is rising again and not sinking?
February 11, 2009 at 10:56 AM #344876ParticipantGn/pw: “After foreclosure on the builders, many of the lots in 4S will be sold at lower prices to other builders”
the problem is that almost all builders are in financial distress. who will be able to buy these lands even at lower prices? Who will be willing to Buy these lands and build before they are sure that the housing price is rising again and not sinking?
February 11, 2009 at 10:56 AM #344907ParticipantGn/pw: “After foreclosure on the builders, many of the lots in 4S will be sold at lower prices to other builders”
the problem is that almost all builders are in financial distress. who will be able to buy these lands even at lower prices? Who will be willing to Buy these lands and build before they are sure that the housing price is rising again and not sinking?
February 11, 2009 at 10:56 AM #345005ParticipantGn/pw: “After foreclosure on the builders, many of the lots in 4S will be sold at lower prices to other builders”
the problem is that almost all builders are in financial distress. who will be able to buy these lands even at lower prices? Who will be willing to Buy these lands and build before they are sure that the housing price is rising again and not sinking?
February 11, 2009 at 12:42 PM #344551gn
Participantthe problem is that almost all builders are in financial distress. who will be able to buy these lands even at lower prices? Who will be willing to Buy these lands and build before they are sure that the housing price is rising again and not sinking?
The lands will be sold at deep discounts, the combination of low land prices, low labor costs (high unemployment among construction workers) and low material costs will enable some new builders to make profits.
This is not the first time there is a crash. True, this crash is bigger than the previous crashes. But, in a free market, no matter how bad things are, there’s always a way to be profitable.
February 11, 2009 at 12:42 PM #344873Participantthe problem is that almost all builders are in financial distress. who will be able to buy these lands even at lower prices? Who will be willing to Buy these lands and build before they are sure that the housing price is rising again and not sinking?
The lands will be sold at deep discounts, the combination of low land prices, low labor costs (high unemployment among construction workers) and low material costs will enable some new builders to make profits.
This is not the first time there is a crash. True, this crash is bigger than the previous crashes. But, in a free market, no matter how bad things are, there’s always a way to be profitable.
February 11, 2009 at 12:42 PM #344982Participantthe problem is that almost all builders are in financial distress. who will be able to buy these lands even at lower prices? Who will be willing to Buy these lands and build before they are sure that the housing price is rising again and not sinking?
The lands will be sold at deep discounts, the combination of low land prices, low labor costs (high unemployment among construction workers) and low material costs will enable some new builders to make profits.
This is not the first time there is a crash. True, this crash is bigger than the previous crashes. But, in a free market, no matter how bad things are, there’s always a way to be profitable.
February 11, 2009 at 12:42 PM #345013Participantthe problem is that almost all builders are in financial distress. who will be able to buy these lands even at lower prices? Who will be willing to Buy these lands and build before they are sure that the housing price is rising again and not sinking?
The lands will be sold at deep discounts, the combination of low land prices, low labor costs (high unemployment among construction workers) and low material costs will enable some new builders to make profits.
This is not the first time there is a crash. True, this crash is bigger than the previous crashes. But, in a free market, no matter how bad things are, there’s always a way to be profitable.
February 11, 2009 at 12:42 PM #345110Participantthe problem is that almost all builders are in financial distress. who will be able to buy these lands even at lower prices? Who will be willing to Buy these lands and build before they are sure that the housing price is rising again and not sinking?
The lands will be sold at deep discounts, the combination of low land prices, low labor costs (high unemployment among construction workers) and low material costs will enable some new builders to make profits.
This is not the first time there is a crash. True, this crash is bigger than the previous crashes. But, in a free market, no matter how bad things are, there’s always a way to be profitable.
February 11, 2009 at 5:44 PM #344805Participantgn:
If banks are in denial and not willing to “give away” their lands, particularly with the bailout money from the taxpayers, this transfer of lands from one builder to another at much lower price may not happen for quite some time. doesn’t this mean that the new house price will not go down for quite some time?Banks with the bailout are much stronger than individuals. It will mean that the next major price reduction will be led by existing home sellers, not by home builders (new homes).
February 11, 2009 at 5:44 PM #345128Participantgn:
If banks are in denial and not willing to “give away” their lands, particularly with the bailout money from the taxpayers, this transfer of lands from one builder to another at much lower price may not happen for quite some time. doesn’t this mean that the new house price will not go down for quite some time?Banks with the bailout are much stronger than individuals. It will mean that the next major price reduction will be led by existing home sellers, not by home builders (new homes).
February 11, 2009 at 5:44 PM #345236Participantgn:
If banks are in denial and not willing to “give away” their lands, particularly with the bailout money from the taxpayers, this transfer of lands from one builder to another at much lower price may not happen for quite some time. doesn’t this mean that the new house price will not go down for quite some time?Banks with the bailout are much stronger than individuals. It will mean that the next major price reduction will be led by existing home sellers, not by home builders (new homes).
February 11, 2009 at 5:44 PM #345269Participantgn:
If banks are in denial and not willing to “give away” their lands, particularly with the bailout money from the taxpayers, this transfer of lands from one builder to another at much lower price may not happen for quite some time. doesn’t this mean that the new house price will not go down for quite some time?Banks with the bailout are much stronger than individuals. It will mean that the next major price reduction will be led by existing home sellers, not by home builders (new homes).
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