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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (7296)	6/1/2004 10:30:42 AM
From: AugustWest	Read Replies (2) \| Respond to of 116555

That is just plain mind boggling! When these housing stocks start reporting fugly home starts Gonna drop faster than a ton of bricks. >> In mid-May, Pulte outbid Toll Brothers Inc. (TOL ) and D.R. Horton Inc. (DHI ) when it paid a record $100.5 million for 276 acres at an Arizona state auction -- nearly three times the property's appraised value. And last June, 995 acres auctioned off by the Bureau of Land Management just outside Las Vegas went for $231,979 an acre -- a 46% jump over the previous year's auction and nearly three times the average of all earlier auctions.