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

To: Perspective who wrote (100835)	1/19/2008 10:59:02 AM
From: Smiling Bob	Respond to of 306849

Considering the unprecedented magnitude of overbuilding, overvaluing, overbuying, over-leveraging and over-investing in RE coupled with over-restrictive lending, I wouldn't bet on HBs for anything other than a very dead cat bounce for at least 3-5 years minimum. You really need to look at how placidly HBs traded prior to their shining moment. They were more like struggling utility stocks, paying dividends when they could. In addition, I'd be more inclined to seek out the vultures who can pick up the scraps and sit on them for 5-10 years. They'll get the best deals and gain the most when or if we get some sort of recovery 5-10 years from now. If I were to buy anything, it would be the very low end or very high end. What immediately comes to mind are KBH, with their initiative in building small and affordable- and PHM for their uspcale presence. The only X factor is how much of a part the govt will play down the road in reviving the industry. That employment argument was lame. WM cart retrievers aren't home shopping. But then again, look at who was stating such foolishness. The same clown who says the only thing the country now lacks is a tax rebate, and then everything will be fine