Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Ramsey Su who wrote (57156)	12/15/2004 3:10:56 PM
From: Maurice Winn	Read Replies (1) of 74559

<I am certain that TOL has a much higher percentage of cash buyers than other builders. Bob Toll had repeated many times in the past the interest rate would not impact their sales. I think he is in for a rude awakening.> Even if ALL his buyers are cash, TOL will still be hit by interest rate increases and a resultant slump in housing construction because other companies will bid for the cash customers too = lower prices and fewer customers for the swarms of hungry builders. I am not saying I think there will be a housing slump. Mqurice PS: When are you going to get on your bike and come out here?

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