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Genesis Posts: 71378 Incept: 2007-06-26 
KD^2 
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http://market-ticker.org/archives/943-Co....
---------- "The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me
2009-04-08 08:33:56
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Sideler Posts: 805 Incept: 2007-11-10 
Online
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Temporary sticksave at best.
2009-04-08 08:37:24
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Statusquojoe Posts: 2397 Incept: 2008-11-20 
Land of the fees Home of the slaves.
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A hidden factor a lot of people don't understand in this industry is the rising cost of building due to local government regulation (read bureaucracy) I have been involved in new custom home construction on the design side for a while now and what I have observed is an exponential increase in micro management at the front end of development by review agencies. In many cases I see developers purchasing a parcel and splitting it up, submitting design documents for approval to construct and then selling the lots using the approved permits to increase the value of the land without breaking ground. What investors don't understand is there are limits on the permits, they will expire and then they will need a design team to re-submit the permit documents and in every single case it is an entirely new design since any moral professional will not take at face value the design of another professional. They need to at least double check all previous designs a process that sometimes can be just as much if not more in fees than starting from scratch. Due diligence by most home builders is mostly done post mortem. ---------- "In short, you are the definition of moral hazard." Senator Bunning to Bernanke
2009-04-08 10:58:11
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Bear Posts: 6649 Incept: 2007-07-10
SoCal, and my avatar is so ****ing small you cant see it
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1.3 billion in stock swaps between centex and pulte? Hardly enough to fool the market participants into a buying mood....but maybe a nice reload to short into
---------- Cause GS got all the beef.....Mliu
2009-04-08 11:44:14
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Noodleman Posts: 759 Incept: 2008-11-01
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This reminds me of the old Vaudeville schtick. The rendition of the two drunks holding each other up. Eventually the stagemaster appears, wraps a walking cane around their necks and pulls them offstage. The show should go on for a few more months. Enjoy while you're able.
2009-04-08 12:35:49
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Boiled_frog Posts: 438 Incept: 2008-07-21
Some warm (not too hot) water of course!
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Quote:This is more like two guys who jump out of an airplane and discover on the way down they have a harness and a couple of bedsheets, and if they stick together and are lucky they can cobble together one makeshift parachute. Classic. ---------- "Kilgore Trout had written a book about a money tree. It had twenty-dollar bills for leaves. Its flowers were government bonds. Its fruit was diamonds. It attracted human beings who killed each other around the roots and made very good fertilizer. So it goes." - Kurt Vonnegut
2009-04-08 14:32:26
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