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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Travis_Bickle who wrote (59470)8/9/2006 11:28:55 AM
From: damainmanRead Replies (2) of 306849
 
That Toll guy is finally admitting to what many of us on the thread have been speculating - this from whom many consider the smartest guy in the public homebuilding arena:

"In a prepared statement, Toll Brothers CEO Robert Toll said the current housing slowdown first manifested last September and is "somewhat unique."

"It is the first downturn in the 40 years since we entered the business that was not precipitated by high interest rates, a weak economy, job losses or other macroeconomic factors," he said. "

thestreet.com
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