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As Toll Brothers prepares to take a write-down of between $250 million and $450 million for the quarter that ended October 31, the luxury home builder’s chief executive says the media is aiding and abetting the national housing market meltdown. Perhaps as the presidential campaign heats up and moves to the front page, negative articles about housing will move off the front page, said Robert Toll. Then, hopefully, the positive underpinnings of low interest rates, low unemployment and a decent economy will raise new-home-buyer confidence. Toll also gave out letter grades for the markets it operates in and found the New York City area is performing better than just about anywhere else in the country: The company’s city living projects in suburban New York and New Jersey got grades of B or B-plus, while the majority of Toll’s markets got grades of F or F-minus.
Blame for Poor Home Sales? It’s the Press, a Builder Says [NY Times]
Photo by Neubie


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  1. ‘The What’ – I think I’m in love with you. I’m guessing you’re a day trader, having now given up your real estate career and reading financial highlights all day long. How’s that working out for you? I ask because, if we were to hook up, I will definitely need you to significantly pitch in to pay the steep mortgage on my newly bought brownstone. You’re such a smart guy, with great passion. Can we meet one of these days? (I’m being very sincere here)

  2. “The What was once a real estate broker?”

    I’m still a Broker, I will always keep my license.

    “Keep on keepin’ on The What.”

    Thank you for the support but, I trying to get out the word. It’s not about The What.

    “Mr. The What:

    If you sold all your tech stocks in February 2000 before the NASDAQ crash, you were a genius.

    If you sold all your tech stocks in February 1995 thinking they were just about to crash, you were a dumbass.

    The 5 years is precisely what makes the difference.”

    See these are the same stupid motherfuckers I had to put up with in real estate. You real stupid and I hope that you saving gets vaporized in this meltdown. You have no fucking clue!

    “I’s was to much for me (Mental and Physical).”

    Clearly.

    Yes Clearly Assfuck

    The What

    Someday this war is gonna end…..

    Have a safe weekend

  3. Mr. The What:

    If you sold all your tech stocks in February 2000 before the NASDAQ crash, you were a genius.

    If you sold all your tech stocks in February 1995 thinking they were just about to crash, you were a dumbass.

    The 5 years is precisely what makes the difference.

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