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Topic: Are you ready?, For the down turn?< Next Oldest | Next Newest >
Sportin' WoodMale Offline
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Post Icon Posted: May 11 2006,2:06 pm Post # 1 see this member send this member a private message  quote this post in reply
Just got out of a meeting with a publicly traded home builder I do business with about how the subs need to lower prices 5% across the board on current projects or risk the " relationship we have work so hard to build". :stupid  I don't know how companies that have a 5% profit margin can lower the price 5% but hey one can dream right? :eek
Here comes the housing crash are you ready? :puke
I guess this builder is giving upwards of 40-60% in incentives on new homes. There stock dropped nearly $2.00 today. Yee Haw here it comes, think my employee's will take the hit? :D

Good thing the wife is graduating, I might need for her to pay the bills. :good

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weldwadeMale Offline
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Post Icon Posted: May 11 2006,2:31 pm Post # 2 see this member send this member a private message  quote this post in reply
Is this nationwide? Home building market in S.AZ is booming, but to tell you the truth I hope it slows down a little, wait time for a new home is about 8 to 10 months avg here.

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Post Icon Posted: May 11 2006,3:05 pm Post # 3 see this member send this member a private message  quote this post in reply
If it's the company I think he is talking about.  They are one of the top three builders nationwide.
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weldwadeMale Offline
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Post Icon Posted: May 11 2006,3:18 pm Post # 4 see this member send this member a private message  quote this post in reply
Well that sucks, another big business dipping into someone else’s pocket to adjust their profit margin :angry

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Post Icon Posted: May 11 2006,4:13 pm Post # 5 see this member send this member a private message  quote this post in reply
:eek  :eek

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