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


To: koan who wrote (79779)6/4/2008 5:31:39 PM
From: mishedlo  Read Replies (2) | Respond to of 116555
 
Oregon's Legend Homes Stops Paying Bills
globaleconomicanalysis.blogspot.com

The Oregonian is reporting Oregon's Legend Homes can't pay its bills after KeyBank, cut off funding.

Banks are finally pulling the plug on financing. Expect to see more of this. When it happens more homebuilders will go under. It happens the same way in every cycle. Builders build until they go bust.

Mish