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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: patron_anejo_por_favor who wrote (25492)11/29/2004 6:57:25 PM
From: daffodilRead Replies (2) of 306849
 
what happened, are the Toll boys running around torching each new home right after they sell it?<G>

Actually, it appears that, at least in some locales, someone is causing approximately HALF of each new home to evaporate...

I posted a few days ago on the Bubble thread that I've been researching TOL, using its website and, in this case, Las Vegas realtors' sites. For example, with very little effort, I found a home style that TOL was showing for $1,655,655 offered for $811,975 on a realtors' site.

The stock closed at $51.26, down 4.12%, with a number of major presentations in the next few days. Obviously, the market is skeptical.

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