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PadreBrian.
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November 16, 2007 at 12:22 AM #100104November 16, 2007 at 7:50 AM #100047
kaycee
ParticipantInsurance companies too. It’s always amazing to me that so many Insurance companies just pull out of a state and/or cancel or “not renew” their policies in an entire state. IE: homeowners insurance in Florida, and the Carolina’s and Auto Insurance in Mass & New Jersey. When refusing to sell your product to people is more profitable than actually selling it, it does seem that something needs fixing.
The interesting part to me is:
“If I can’t sell this product in the current enviroment at a price that generate a profit and I have the financial capital to hold on to it why would you not.”
DO THEY HAVE the financial capital to hold on to it? That, my dear Watson, is the question.
November 16, 2007 at 7:50 AM #100125ParticipantInsurance companies too. It’s always amazing to me that so many Insurance companies just pull out of a state and/or cancel or “not renew” their policies in an entire state. IE: homeowners insurance in Florida, and the Carolina’s and Auto Insurance in Mass & New Jersey. When refusing to sell your product to people is more profitable than actually selling it, it does seem that something needs fixing.
The interesting part to me is:
“If I can’t sell this product in the current enviroment at a price that generate a profit and I have the financial capital to hold on to it why would you not.”
DO THEY HAVE the financial capital to hold on to it? That, my dear Watson, is the question.
November 16, 2007 at 7:50 AM #100143ParticipantInsurance companies too. It’s always amazing to me that so many Insurance companies just pull out of a state and/or cancel or “not renew” their policies in an entire state. IE: homeowners insurance in Florida, and the Carolina’s and Auto Insurance in Mass & New Jersey. When refusing to sell your product to people is more profitable than actually selling it, it does seem that something needs fixing.
The interesting part to me is:
“If I can’t sell this product in the current enviroment at a price that generate a profit and I have the financial capital to hold on to it why would you not.”
DO THEY HAVE the financial capital to hold on to it? That, my dear Watson, is the question.
November 16, 2007 at 7:50 AM #100156ParticipantInsurance companies too. It’s always amazing to me that so many Insurance companies just pull out of a state and/or cancel or “not renew” their policies in an entire state. IE: homeowners insurance in Florida, and the Carolina’s and Auto Insurance in Mass & New Jersey. When refusing to sell your product to people is more profitable than actually selling it, it does seem that something needs fixing.
The interesting part to me is:
“If I can’t sell this product in the current enviroment at a price that generate a profit and I have the financial capital to hold on to it why would you not.”
DO THEY HAVE the financial capital to hold on to it? That, my dear Watson, is the question.
November 16, 2007 at 7:50 AM #100159ParticipantInsurance companies too. It’s always amazing to me that so many Insurance companies just pull out of a state and/or cancel or “not renew” their policies in an entire state. IE: homeowners insurance in Florida, and the Carolina’s and Auto Insurance in Mass & New Jersey. When refusing to sell your product to people is more profitable than actually selling it, it does seem that something needs fixing.
The interesting part to me is:
“If I can’t sell this product in the current enviroment at a price that generate a profit and I have the financial capital to hold on to it why would you not.”
DO THEY HAVE the financial capital to hold on to it? That, my dear Watson, is the question.
November 16, 2007 at 8:58 AM #100087Bugs
ParticipantThey don’t have the means to carry these subdivisions long enough to ride out this downturn. They seem to think this is going to blow over in the next 12 months. Amazingly, they seem to have talked their bank into this fantasy as well. I think their construction lender is even dumber than they are. Or in denial.
Sooner or later their holding costs are going to bury them. When that happens they will be forced to sell the prevailing price structure anyway, which in 2009 will be even lower than it is now. They’re throwing good money after bad. Suckas.
November 16, 2007 at 8:58 AM #100165ParticipantThey don’t have the means to carry these subdivisions long enough to ride out this downturn. They seem to think this is going to blow over in the next 12 months. Amazingly, they seem to have talked their bank into this fantasy as well. I think their construction lender is even dumber than they are. Or in denial.
Sooner or later their holding costs are going to bury them. When that happens they will be forced to sell the prevailing price structure anyway, which in 2009 will be even lower than it is now. They’re throwing good money after bad. Suckas.
November 16, 2007 at 8:58 AM #100183ParticipantThey don’t have the means to carry these subdivisions long enough to ride out this downturn. They seem to think this is going to blow over in the next 12 months. Amazingly, they seem to have talked their bank into this fantasy as well. I think their construction lender is even dumber than they are. Or in denial.
Sooner or later their holding costs are going to bury them. When that happens they will be forced to sell the prevailing price structure anyway, which in 2009 will be even lower than it is now. They’re throwing good money after bad. Suckas.
November 16, 2007 at 8:58 AM #100195ParticipantThey don’t have the means to carry these subdivisions long enough to ride out this downturn. They seem to think this is going to blow over in the next 12 months. Amazingly, they seem to have talked their bank into this fantasy as well. I think their construction lender is even dumber than they are. Or in denial.
Sooner or later their holding costs are going to bury them. When that happens they will be forced to sell the prevailing price structure anyway, which in 2009 will be even lower than it is now. They’re throwing good money after bad. Suckas.
November 16, 2007 at 8:58 AM #100198ParticipantThey don’t have the means to carry these subdivisions long enough to ride out this downturn. They seem to think this is going to blow over in the next 12 months. Amazingly, they seem to have talked their bank into this fantasy as well. I think their construction lender is even dumber than they are. Or in denial.
Sooner or later their holding costs are going to bury them. When that happens they will be forced to sell the prevailing price structure anyway, which in 2009 will be even lower than it is now. They’re throwing good money after bad. Suckas.
November 16, 2007 at 9:33 AM #100102Raybyrnes
ParticipantBugs
Have you ever thought that it is at this point when a homebuilder is so beaten up that a guy like Buffet steps in and buys the entire company and Wala we are back in business.
What is Berkshire doing right now? Reinsuring subprime markets to keep them solvent.
November 16, 2007 at 9:33 AM #100180ParticipantBugs
Have you ever thought that it is at this point when a homebuilder is so beaten up that a guy like Buffet steps in and buys the entire company and Wala we are back in business.
What is Berkshire doing right now? Reinsuring subprime markets to keep them solvent.
November 16, 2007 at 9:33 AM #100199ParticipantBugs
Have you ever thought that it is at this point when a homebuilder is so beaten up that a guy like Buffet steps in and buys the entire company and Wala we are back in business.
What is Berkshire doing right now? Reinsuring subprime markets to keep them solvent.
November 16, 2007 at 9:33 AM #100210ParticipantBugs
Have you ever thought that it is at this point when a homebuilder is so beaten up that a guy like Buffet steps in and buys the entire company and Wala we are back in business.
What is Berkshire doing right now? Reinsuring subprime markets to keep them solvent.
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