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: Mike Johnston who wrote (25799)	12/10/2004 1:19:00 AM
From: TH	Read Replies (3) of 306849

Mike, I just listened to the Toll earnings call. I can sum it quickly for you. Everything, and I mean everything, is beautiful for Toll. More sales next year, more lots in high demand areas, pricing power in every market except Austin, Texas. ARM's make good sense (bird in the hand kind of thing according to Toll). Expecting 5% YOY increase in housing prices. Spent considerable time addressing all the negative articles from the press regarding the housing bubble. Toll says its a glass half full thing. The high end market is growing and will continue to expand based on population and increases in households earning $100,000/year. Things couldn't be better according to Toll. biz.yahoo.com (fairly long call) Hope they run to 70 or more. I want puts on this at some point in 05. Good Trading TH

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