Mr Toll and his legendary quotes. In 2002 I was reading MSNBC, probably from Newsweek that Toll was concerned about land prices being too high and there was another story on how to minimize the potential 25% drop in home prices. That scared me until buying in 2003.
More quotes:
marketwatch.com EDT Sept. 12, 2006
“Chief Executive Robert Toll said the U.S. housing market got ahead of itself due to greed on the part of buyers and sellers, and that it now likely faces the highest level of speculative inventory ever.”
In spite of the housing downturn, Toll said buyers aren’t downsizing.
“The desire for more, bigger, better has not stopped,” Toll said. “Second homes are bigger than the primary homes,” with some spanning 10,000 square feet, next to a golf course.
From todays WSJ: “The chief executive criticized the plan for singling out subprime borrowers, while potentially overlooking prime borrowers — or borrowers with good credit — with resetting rates. Mr. Toll told investors during a conference call that it didn’t seem fair that “your next-door neighbor with a teaser rate is stuck because he had prime rating.” What’s the matter, worried that suckers arent lining up to buy your 5000sf homes??
Americans are addicted to over consumption, be it food or be it cars and houses, everything has to be much much bigger than they actually need. It is a disease.
Americans are addicted to over consumption, be it food or be it cars and houses, everything has to be much much bigger than they actually need. It is a disease.
Americans are addicted to over consumption, be it food or be it cars and houses, everything has to be much much bigger than they actually need. It is a disease.
Americans are addicted to over consumption, be it food or be it cars and houses, everything has to be much much bigger than they actually need. It is a disease.
Americans are addicted to over consumption, be it food or be it cars and houses, everything has to be much much bigger than they actually need. It is a disease.
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