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: Jim McMannis who wrote (25384)	11/23/2004 1:48:29 PM
From: orkrious	Read Replies (1) of 306849

from doug kass, street insight According to the Las Vegas Sun, a California man has sued Pulte Homes (PHM) in Las Vegas for cutting the price of new homes in that market after he purchased four homes. The Sun reports that the individual purchased the four properties (for more than $1.5 million in total) before the price cuts, and incurred immediate losses in excess of $150,000 even before he closed on two of the properties. His income to support those four acquisitions? $30,000 per year, according to the suit! As I have repeatedly said, we are in a real estate-centric world. Katie, bar the doors if something disturbs the tide. I can count several somethings.

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