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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: John Vosilla who wrote (57633)7/13/2006 6:58:07 AM
From: Dan3Read Replies (2) of 306849
 
Re: KBH... incurred another $1B of additional debt in only two quarters

In the best sellers market of the century (or close to it). If they weren't accumulating cash now, it seems unlikely that they'll be doing it as the market sours.

If this is what's going on at most homebuilders, it's going to be a very hard landing and it's going to impact the whole economy.

I just hadn't realized how bad it was.

The homebuilders can't just "sell and walk away", either. It's not just the flippers who are stuck.
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