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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: rocklobster who wrote (32927)2/24/2002 11:26:38 PM
From: jjstingray  Read Replies (1) | Respond to of 99280
 
Are you beginning to see any weakness in the housing market there. I am still waiting for a collapse here in San Diego but it just isn't here. Prices continue to be absurd, and there are more developers building tract homes in the $850,000 plus range. There must be at least 1000 homes that are coming on line in the next 3 months in that price range, then the next phases begin.

It is ridiculous.



To: rocklobster who wrote (32927)2/24/2002 11:28:12 PM
From: ajtj99  Read Replies (2) | Respond to of 99280
 
rocklobster, I think some people are already shorting the homebuilders thinking what you're thinking, and it's a good move, IMO.



To: rocklobster who wrote (32927)2/25/2002 7:42:23 AM
From: orkrious  Respond to of 99280
 
keep your eye on the homebuilders.

I put on shorts in CTX and PHM last week. The homebuilders are toast.


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