The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: maceng2 who wrote (6329)	10/28/2002 11:01:52 AM
From: Tradelite	Read Replies (3) of 306849

I don't know what will happen to clueless homebuyers, but as for the builders, I do have an opinion..... The big well-known builders in the U.S. have been in this game for a long time. I don't think they are blind to anything that might happen. Many of them felt the pain of the last downturn, but have grown since then---many more stupid ones went out of business. The very fact that many of them resurrected themselves to build again after the last debacle says SOMETHING about their strength.... The power they have now is based on knowledge they gained during the severe real estate downturn that occurred more than a decade ago, not to mention diversification--i.e. buying up smaller building companies and spreading out to a variety of geographical areas, which don't all move in lockstep. All the big builders are in a much different financial and tactical position than they were before. I have many longtime friends in the industry and in leadership positions in their local and national trade associations, so I form my opinions in my own way. My opinions may not hold water, but I don't expect builders to suffer much in any downturn, if one occurs.

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