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

To: Think4Yourself who wrote (59775)	8/11/2006 4:50:59 PM
From: Chas.	Respond to of 306849

I have a friend that is in the roughing business... Last year he was running 5... 5 man crews with 2 or 3 builders. this year he is down to 3 crews often 2 crews with 4 or 5 builders, hit and miss, big and small, he says the housing business is tanking big time.... he has made so much money in the last 5 years he could retire at 40....his next birthday. His area is NorthWest of Detroit by 20 miles or so.... Novi, Brighton, South Lyon, Highland, etc, etc, etc.... regards

To: Think4Yourself who wrote (59775)	8/11/2006 7:25:44 PM
From: Moominoid	Read Replies (1) \| Respond to of 306849

His argument is that the trend in prices that builders pay is opposite to the trend in prices that the smaller guys pay.