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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: daffodil who wrote (25488)	11/29/2004 6:44:43 PM
From: patron_anejo_por_favor	Read Replies (1) \| Respond to of 306849

ROTFL! "Tremendous constriction in supply"....what happened, are the Toll boys running around torching each new home right after they sell it?<G> What IS in "tremendous constriction" is personal income growth, and it's certainly in short enough supply to pop this Hindenburg of a housing bubble.....<NG> Awfully encouraging to see that kind of an article in a main stream rag like Time. DOUBLE ROTFL: "No, but immigrants do, especially the kind that Uncle Sam is letting into the country these days. They must have jobs and income" Where is this guy from, Pluto? DISCLOSURE: SHORT shares of SPF as of the close today.

To: daffodil who wrote (25488)	11/29/2004 9:07:41 PM
From: Mike Johnston	Read Replies (1) \| Respond to of 306849

BOB TOLL You're right. I am sick of it. No, we're not in a bubble. Prices have gone up because there has been tremendous constriction in supply along with tremendous immigration and increases in income for baby boomers. We're on track to see the cost of housing as a percentage of income come to the same place as it is in the U.K. and much of Europe, where they pay up to 45% of income for housing. In this instance he contradicts himself. If the incomes are rising so much and things are so fantastic, why would the amount spent on housing increase to 45% of income. If you go from 30% of income spent on housing to 45 % that is lower not higher standard of living. Why is it good news that standard of living is going down ? Maybe Mr Toll (and Greenspan) have to go back to school.

To: daffodil who wrote (25488)	11/29/2004 11:59:22 PM
From: AD	Read Replies (1) \| Respond to of 306849

TOLL is just doing what any lying company leader does, pump up the shareholders. And this, unreal... talking about the value of the meat packing district in NY. Well he's right, values have gone bonkers down there. I just heard about that this past weekend from a relative from NY. Uhh, one problem. He ain't building single family suburban homes there. Not sure what he was referring to really . rotflmao, I was just saying earlier that my short in TOL is the best of the lot . Guess I'll have to cover tomorrow. maybe... investorshub.com TOLL The shorts are going to get slaughtered. They are making a huge mistake. TIME What's the next housing trend? TOLL In the past couple of years we've begun dense suburban developments, and we're back in the cities with low-, mid- and high-rises. There just isn't enough ground left in the suburbs, and you have a whole new thrust from boomers and young hip-hoppers who want to be back in urban areas. Urban developments are less than 5% of our business, heading to 10%. It's definitely caught on. Look at New York. You could have bought the entire meat-packing district for $4. Now you can't get an apartment there for under $1 million.