[mike70]

Look, the KB Homes CEO didn't deliver that profit, Alan Greenspan did. When the economy is flooded with money, as happened after the dot-com bubble burst, banks have to do something with the cash. They basically gave away home loans to anybody with a buck-six-bits in his pocket. That caused a lot of new homes to be sold, and KB benefited. It was not a brilliant business plan, it was simply a lot of available cash.

[jdm]

Look, the KB Homes CEO didn't deliver that profit, Alan Greenspan did.

Since you can't directly invest in Alan Greenspan, KBH would have been the next best thing.

And meanwhile, GM is creeping back to where it was when I was in 2nd grade.

[Moonman62]

Look, the KB Homes CEO didn't deliver that profit, Alan Greenspan did. When the economy is flooded with money, as happened after the dot-com bubble burst, banks have to do something with the cash. They basically gave away home loans to anybody with a buck-six-bits in his pocket. That caused a lot of new homes to be sold, and KB benefited. It was not a brilliant business plan, it was simply a lot of available cash.

How do you explain the real estate booms that happened concurrently in other parts of the world, some of which were bigger than here?