Comments on: Home Builders' Hidden Time Bombs

By: cks

cks — Tue, 21 Oct 2008 15:35:20 +0000

This all had to happen eventually. Housing appreciation was too much ..too fast. It left a person making ever $50,000-75,000 a year unable to buy a small home in a safe neighborhood. A large segment of this population is single and in that tax bracket. Therefore, we are unable to buy a home but still get slammed with taxes. If housing costs are forced to come down and equalize then more of us in this tax bracket would gladly buy homes. With 60% of the population single, this is something to think about.

By: Rooster

Rooster — Tue, 21 Oct 2008 12:23:53 +0000

Talk about the ultimate trickle down effect,just look at the home building industry as a whole. If everyone of you stopped and thought about it for a minute you could name at several people that you know, or are related to that is in someway connected to the home building industry. All of the “experts” kept saying there wasn’t a housing bubble, when they all knew different. Now that the bubble has burst, where are those experts now? Hopefully they are out looking for a job just like I am. Yes we are in a recession, and have been for almost 18 months. It largely has been caused by the burst of the housing bubble.
I have seen first hand the greed and excesses that home builders have had raging for the last eight years. It can’t be a good thing when a new home buyer would have to take out a second mortage just to get into their “American Dream”! What a line of crap that they fed every one of their customers. All the while every one of them knew that the construction and price levels that they were at 2 years ago couldn’t be sustained. As history has once again repeated itself, the home building industry will go through a “thinning of the herd” and the healthy will survive. Then we will start the whole thing over again, I just hope that this time will be different and everyone will remember what we are now going through and temper their greed.

By: cjs

cjs — Tue, 21 Oct 2008 03:45:06 +0000

OK is it just me but 817,000 housing starts means to me that the economy is still producing homes at a large rate. If you listen to the news, you would think that no homes are being built at all and the sky is completely falling in. It would be refreshing to read or watch a show that actually says how great our economy is that we can still start 817,000 homes in September!!!!

By: LaQuanta

LaQuanta — Mon, 20 Oct 2008 16:25:48 +0000

When Obama becomes president just hand over your keys to me, cuz I’ll be gettin more money from da rich folks.

By: Heywood Jablome

Heywood Jablome — Mon, 20 Oct 2008 01:56:10 +0000

>>People are still moving to Fla.. Why not? Its a great place to live with a great climate and there is always something to do.

ALways a hurricane to run from!