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: Elroy Jetson who wrote (54635)	5/22/2006 10:42:05 PM
From: John Vosilla	Read Replies (1) of 306849

Sounds like the general public buying new homes as an inflation hedge are even more screwed in areas where prices have skyrocketed and there is still a ton on land to build on (Vegas, Phoenix, Orlando?)than built out bubble areas with no more land to build on. I imagine Marshall and Swift doesn't use the production cost model of the national builders then? You mentioned pushing out product in Houston 2 years ago with razor thin margins. How can they possibly still do that in Houston or Indianapolis at $45 psf today given how much construction costs have risen in the past two years? The divergence in costs you quoted is shocking. I always figured cost savings were more along the lines of Walmart versus a mom and pop retailer. Any sources on the net to confirm some of this?

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