SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: russwinter who wrote (68072)8/11/2006 9:58:57 AM
From: Jack of All Trades  Respond to of 110194
 
Just got back from seeing my local banker (NH), was talking about builders and housing.

He said he many builder's lines of credit are coming due for renewal (every 3-5yrs), and many banks are not qualifying the renewals. So credit lines of $50K are being called in and these builders are not able to come up with the cash.

It should get interesting as more of these credit lines get re-evaluated...



To: russwinter who wrote (68072)8/11/2006 10:18:29 AM
From: mishedlo  Read Replies (1) | Respond to of 110194
 
Centex LEN and others have repriced entire neighborhoods over night down $100,000. TOL claims not to be doing it. But I doubt it.
Mish



To: russwinter who wrote (68072)8/11/2006 10:45:38 AM
From: mishedlo  Read Replies (2) | Respond to of 110194
 
"Your Man" Andy Xie takes a swan dive (belly flop really) off the deep end ... praising greenspan for "price stability".

morganstanley.com

I may do a blog on this later.

Mish


HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News