Extra, Extra: Negative Press Sinking Housing Market?
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…
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
Hey 1:09 Read This!!!
The bloodbath in credit and financial markets will continue and sharply worsen
http://www.rgemonitor.com/blog/roubini/224871
It says BLOODBATH not picnic. Understand, This thing is picking up some huge momentum. Stories are dropping every second!!!!
The What
Someday this war is gonna end…..
Positive press hyped it up. Negative press will help sink it. Therefore, the effect of the press cancels out. End of discussion.
death by italics, ahhhhhhhh!
“Sehr gut “, What”. Ihr knowlege des Deutschen ist fast so gut wie Ihr knowlege der Volkswirtschaft. :-)”
YOUR MOTHER!
Anyway lookie here! Our favorite bank WAMU is getting pounded right now. Yeah every thing is OK.
Washington Mutual Skids on Outlook, Cuomo Probe
http://www.cnbc.com/id/21668328
The What
Someday this bullshit will end……
Sehr gut “, What”. Ihr knowlege des Deutschen ist fast so gut wie Ihr knowlege der Volkswirtschaft. 🙂
This collapse will make the Dot.com collapse of the early 90’s look like a day at the park. It will take years to get over and we have not even started yet. Despite this being the fault of banks and lenders, we will all be paying for this for a long time. I hope you bought your home as a home to live in and not as an investment because you may be living in it for longer than you expected.
“The reason why people are calling you [the What] crazy is because you are running around calling what is essentially a severe storm, the apocolypse”.
Exactly
“Die Lage ist hoffnunglos aber nicht ernst”
This news is coming in from MSM and the Internet.
Die Lage ist hoffnunglos aber nich fuck u sllf dumkask fukerrakshole
The What
“The reason why people are calling you [the What] crazy is because you are running around calling what is essentially a severe storm, the apocolypse”.
Exactly
“Die Lage ist hoffnunglos aber nicht ernst”
“For 5 years people thought I was nuts.”
And they still do.