Donate Bitcoin

Donate Paypal


PeakOil is You

PeakOil is You

Home builder executives jumping ship

What's on your mind?
General interest discussions, not necessarily related to depletion.

Home builder executives jumping ship

Unread postby bruin » Mon 29 Aug 2005, 17:09:33

Looks like the home builder executives are jumping ship now.

MarketWatch Link

This is a strong sign that they believe they are close enough to the peak. Cash out when you can. I remember the same thing in 2000 with the tech boom. It took about 6 months after the executives were selling for the market to wake up.
User avatar
bruin
Lignite
Lignite
 
Posts: 364
Joined: Thu 09 Dec 2004, 04:00:00
Location: CA, USA

Re: Home builder executives jumping ship

Unread postby emersonbiggins » Mon 29 Aug 2005, 17:19:35

Right on. It's getting harder to sell $250k houses 30 miles from downtown when gas is nearing $3/gallon. We'll see more of this, rest assured.
"It's called the American Dream because you'd have to be asleep to believe it."

George Carlin
User avatar
emersonbiggins
Expert
Expert
 
Posts: 5150
Joined: Sun 10 Jul 2005, 03:00:00
Location: Dallas

Re: Home builder executives jumping ship

Unread postby I_Like_Plants » Mon 29 Aug 2005, 17:22:27

Sigh. That's probably why my rent's going up 10%. Near the train station, bus routes, and tons of stuff walking distance. Pretty easy to live carfree around here.
I_Like_Plants
Intermediate Crude
Intermediate Crude
 
Posts: 3839
Joined: Sun 12 Jun 2005, 03:00:00
Location: 1st territorial capitol of AZ

Re: Home builder executives jumping ship

Unread postby emersonbiggins » Mon 29 Aug 2005, 17:33:41

$this->bbcode_second_pass_quote('I_Like_Plants', 'S')igh. That's probably why my rent's going up 10%. Near the train station, bus routes, and tons of stuff walking distance. Pretty easy to live carfree around here.


Buy into your neighborhood (or a similar one) as soon as you can. You know, before the blister-footed hordes start moving in and pricing you out.
"It's called the American Dream because you'd have to be asleep to believe it."

George Carlin
User avatar
emersonbiggins
Expert
Expert
 
Posts: 5150
Joined: Sun 10 Jul 2005, 03:00:00
Location: Dallas

Re: Home builder executives jumping ship

Unread postby bruin » Mon 29 Aug 2005, 19:37:26

With all of the bad weather, there might be hope for the home builders to keep strong revenues. But then again, the newly homeless might just walk away from the mess.
User avatar
bruin
Lignite
Lignite
 
Posts: 364
Joined: Thu 09 Dec 2004, 04:00:00
Location: CA, USA

Re: Home builder executives jumping ship

Unread postby tdrive » Mon 29 Aug 2005, 20:07:44

$this->bbcode_second_pass_quote('', 'L')ooks like the home builder executives are jumping ship now.


I took a drive yesterday around Monterey, Carmel and 17 mile drive. So many of the houses were for sale. Those people there are connected, and the smart money is apparently getting out of the market.

Cheers,
User avatar
tdrive
Lignite
Lignite
 
Posts: 334
Joined: Sun 11 Jul 2004, 03:00:00

Re: Home builder executives jumping ship

Unread postby DesertBear2 » Tue 30 Aug 2005, 02:51:07

We are in an extreme bubble situation around the DC area. How about $480,000USD houses that are 60 miles from the DC Beltway? And they are selling like hotcakes!

Oh, the base price $435,000 for the smaller models. And $483,000 base price for the larger models. All the upgrades such as tile floors are on top of this price.
DesertBear2
Tar Sands
Tar Sands
 
Posts: 514
Joined: Sat 13 Aug 2005, 03:00:00
Location: BlueRidgeVA

Re: Home builder executives jumping ship

Unread postby Specop_007 » Tue 30 Aug 2005, 02:56:53

Specop laughs at the irony.

Bad black man! Stay in the city!
White flight out.
Oh no! No money! Cant afford to drive! Get out black man!
White flight back into city.

Waiting for the fun and games to begin,
Specop_007
"Battle not with monsters, lest ye become a monster, and if you gaze into the
Abyss, the Abyss gazes also into you."

Ammo at a gunfight is like bubblegum in grade school: If you havent brought enough for everyone, you're in trouble
User avatar
Specop_007
Expert
Expert
 
Posts: 5586
Joined: Thu 12 Aug 2004, 03:00:00

Re: Home builder executives jumping ship

Unread postby DesertBear2 » Tue 30 Aug 2005, 03:30:43

$this->bbcode_second_pass_quote('Specop_007', '
')Bad black man! Stay in the city!
White flight out.
Oh no! No money! Cant afford to drive! Get out black man!
White flight back into city.


A long time ago, this was the situation.

Today, the housing developments and employers in the DC area, and indeed most of the US east coast, have spread themselves across vast areas of the landscape- tens and hundreds of miles apart in all directions. There is no way that public transportation could ever work effectively in an economic system that is designed to spread over hundreds and hundreds of square miles of space- most of it outside of the old big city areas.

Kunstler is correct in his observations that we have invested trillions in an obsolete infrastructure.....and it just won't function at all w/o the abundant cheap oil and gas.

The black middle-class are often some of the hardest players in the game- with the biggest SUVs, homes, and debts. Of course, there is a hard score of poverty and squalor still existing in the inner city.
DesertBear2
Tar Sands
Tar Sands
 
Posts: 514
Joined: Sat 13 Aug 2005, 03:00:00
Location: BlueRidgeVA

Re: Home builder executives jumping ship

Unread postby I_Like_Plants » Tue 30 Aug 2005, 04:03:02

Emerson you are right, except I talked with the manager, let's say she's very non-caucasian, and she treats us better than that blonde horror who was in here before, and it's only going up 6-7% or so. Also, I'm not sure if we won't see another decrease in another year. We are seeing much less vacancies than we did one or two years ago, maybe it's the new manager's expertise and some improvements that have been done around here.

I want to buy, but not in this area, I want farmable area, although I might be tempted to buy here depending on how things go. Napa area is tempting, but then, if it's a slow decline as we move to a post-oil way of life, I might be just as happy here as anywhere.
I_Like_Plants
Intermediate Crude
Intermediate Crude
 
Posts: 3839
Joined: Sun 12 Jun 2005, 03:00:00
Location: 1st territorial capitol of AZ

Re: Home builder executives jumping ship

Unread postby Chaparral » Tue 30 Aug 2005, 04:19:47

$this->bbcode_second_pass_quote('I_Like_Plants', ' ')Napa area is tempting,


Out of curiosity, why Napa?

I was up in Sonoma and Santa Rosa last week checking out places for sale with a few acres up in the oak woodland or at the grassland/woodland/chaparral boundary. Next time i'm up there I want to check out Napa to Lake Berryessa. I love Davis but I like hills, mountains and a little more topography. Those land prices gave me a toothache!

Back on topic, some companies specialize in urban infill. Groups like CIM, Urban Partners etc. Many developers that spent the last 10 years building sprawlburbia are now developing highrise projects or infill. Not all are doing supertowers like Fordham Spire or Waterview in Chicago, many are just building 4 to 5 floor woodframe structures over ground floor commercial near transit stations. I wonder what the prognosis for these companies is like?
User avatar
Chaparral
Tar Sands
Tar Sands
 
Posts: 767
Joined: Sun 14 Aug 2005, 03:00:00
Location: Dead civilization walking

Re: Home builder executives jumping ship

Unread postby I_Like_Plants » Tue 30 Aug 2005, 04:57:40

I like the area around Clear Lake because it looks farm-able, and if nothing else there's fairly good water, in the lake! It's inexpensive compared to silicon valley prices, and the people seem nice.

I'd probably be better off buying an abandoned, but once actively farmed, farm in bumvuck Iowa though, when all's said and done.
I_Like_Plants
Intermediate Crude
Intermediate Crude
 
Posts: 3839
Joined: Sun 12 Jun 2005, 03:00:00
Location: 1st territorial capitol of AZ

Re: Home builder executives jumping ship

Unread postby Specop_007 » Tue 30 Aug 2005, 04:58:53

$this->bbcode_second_pass_quote('I_Like_Plants', 'I') like the area around Clear Lake because it looks farm-able, and if nothing else there's fairly good water, in the lake! It's inexpensive compared to silicon valley prices, and the people seem nice.

I'd probably be better off buying an abandoned, but once actively farmed, farm in bumvuck Iowa though, when all's said and done.


Specop likes Kansas.
He thinks you should move here. Hell, he'll even give you a complimentary pair of Red Slippers if you do.

Thinking Plants would be sexy in slippers,
Specop_007
"Battle not with monsters, lest ye become a monster, and if you gaze into the
Abyss, the Abyss gazes also into you."

Ammo at a gunfight is like bubblegum in grade school: If you havent brought enough for everyone, you're in trouble
User avatar
Specop_007
Expert
Expert
 
Posts: 5586
Joined: Thu 12 Aug 2004, 03:00:00
Top

Re: Home builder executives jumping ship

Unread postby Chaparral » Tue 30 Aug 2005, 05:05:17

$this->bbcode_second_pass_quote('I_Like_Plants', '.')

I'd probably be better off buying an abandoned, but once actively farmed, farm in bumvuck Iowa though, when all's said and done.


I've thought about that for years, before PO ever entered the equation. Oregon, Wisconsin, Upper Peninsula Michigan and even remote parts of the Baja Peninsula. Calif may be heavily populated but at least we have a very looooooooooooooooooooooooooooooooooooooooong growing season :-D

Napa is in zone 14 or 15 per Sunset Western Garden Book? With a little cold frame you should be able to harvest darn near everything year round unless its something that needs to flower on a certain daylength. I'm in zone 24 on the coast and was looking at land up in zone 18/19 over the weekend. I'd definitely have to change my gardening ways where frost enters the equation for that area tho. At least it had a riparian corridor and some oaks :cry:
User avatar
Chaparral
Tar Sands
Tar Sands
 
Posts: 767
Joined: Sun 14 Aug 2005, 03:00:00
Location: Dead civilization walking
Top

Re: Home builder executives jumping ship

Unread postby I_Like_Plants » Tue 30 Aug 2005, 05:17:53

Yeah I have good feelings about Napa and that area. And I'm a Californian, I can't just run, I have to be ready to neutralize 10, 100, 1000 invaders for my home state. And Oh won't they come, from our fine neighbor to the South and from China, as if we don't already have the kind of Indians John Wayne would have considered too dirty to waste a bullet on and every other kind of invader......


www.isteve.com
I_Like_Plants
Intermediate Crude
Intermediate Crude
 
Posts: 3839
Joined: Sun 12 Jun 2005, 03:00:00
Location: 1st territorial capitol of AZ


Return to Open Topic Discussion

Who is online

Users browsing this forum: No registered users and 1 guest

cron