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Florida Taking Its Toll (Brothers) On Daughter's Condo (sign of the housing apocalypse?)
CNBC ^
| 11 FEB 2008
| Diana Olick
Posted on 02/11/2008 8:02:52 AM PST by 2banana
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This is really too funny. How bad the housing bubble was and how bad it is going to get...
1
posted on
02/11/2008 8:02:58 AM PST
by
2banana
To: 2banana
$2.4M?????
Please, someone hand me a tissue. I can’t stop weeping over their plight. Maybe we should hold a bake sale to help them.
2
posted on
02/11/2008 8:06:39 AM PST
by
AppyPappy
(If you aren't part of the solution, there is good money to be made prolonging the problem.)
To: 2banana
2.4 million for a condo? OUCH.
To: AppyPappy
I cannot get worked up over Real Estate Screw-Ups of the Rich and Famous...
4
posted on
02/11/2008 8:09:33 AM PST
by
gridlock
(A proud McCain supporter since February 7, 2008)
To: 2banana
To: 2banana
" So Wendy just adds to the companys 61 percent cancellation rate in the Sunshine State."The real story.
6
posted on
02/11/2008 8:16:12 AM PST
by
blam
(Secure the border and enforce the law)
To: 2banana
This is really too funny. How bad the housing bubble was and how bad it is going to get... Most of the home builders are in the green so far this morning, including Toll Brothers, up 1.75%.
7
posted on
02/11/2008 8:24:34 AM PST
by
Moonman62
(The issue of whether cheap labor makes America great should have been settled by the Civil War.)
To: Moonman62
Most of the home builders are in the green so far this morning, including Toll Brothers, up 1.75%. From a high of almost $60 in July of 2005 to todays share price of about $21. Before this is over - several major homebuilders will be bankrupt.
8
posted on
02/11/2008 8:31:23 AM PST
by
2banana
(My common ground with terrorists - they want to die for islam and we want to kill them)
To: AppyPappy
Well it was too small. Poor thing.
9
posted on
02/11/2008 8:33:45 AM PST
by
CaptainK
(...please make it stop. Shake a can of pennies at it.)
To: 2banana
But the news about the condo came out today. Nobody cares. Home builder shares have been flying the past month. I’d never bet the government when it’s on the warpath, and that includes the Fed lowing interest rates.
10
posted on
02/11/2008 8:34:32 AM PST
by
Moonman62
(The issue of whether cheap labor makes America great should have been settled by the Civil War.)
To: 2banana
the builders are going to have to rethink their prices very soon.....
Buy cheap....buy now (or soon anyway).
11
posted on
02/11/2008 8:35:21 AM PST
by
Vaquero
(" an armed society is a polite society" Heinlein "MOLON LABE!" Leonidas of Sparta)
To: Moonman62
I'd never bet against the government...
12
posted on
02/11/2008 8:36:17 AM PST
by
Moonman62
(The issue of whether cheap labor makes America great should have been settled by the Civil War.)
To: Vaquero
''When the blook is running in the streets, I buy.'' -- afon Rothschild
Too soon. Keep your powder dry. By Inauguration Day, there'll be some screaming bargains in the high-profile mkts.
13
posted on
02/11/2008 8:38:39 AM PST
by
SAJ
To: CaptainK
How small can a 2 million dollar conda be??????
14
posted on
02/11/2008 8:38:41 AM PST
by
freekitty
(Give me back my conservative vote.)
To: Vaquero; SAJ
Er, ''blood'[, not ''blook'', sorry.
Or, perhaps, in this case ''build''.
;^)
15
posted on
02/11/2008 8:40:36 AM PST
by
SAJ
To: freekitty
How small can a 2 million dollar conda be??????Dahling, if you need it explained, you just won't understand it...
I am being sarcastic (I hope you got it)...but in the lifestyles of the rich and near famous, a second child would (could) mean a second nanny (so a second nanny suite would be needed...ie, another bedroom w/ at least a 3/4 bath attached...I mean can you really hire good help if they have to share a privy?)
16
posted on
02/11/2008 8:46:01 AM PST
by
PennsylvaniaMom
(I do not want people to be agreeable, as it saves me the trouble of liking them. Jane Austen.)
To: 2banana
Folks, even folks in the “know” have no clue how big of a mess they have created.. they continue to be in denial about it.
This thing is bigger than ANYONE is telling you folks.... it will be measured in TRILLIONS when its all done, and some big houshold names will not survive it.
“rebate” checks will not stop this correction, interest rate cuts will not stop it... its going to get very very ugly long before it gets better.
To: PennsylvaniaMom
Now there is always a solution. Give the nannies bunk beds. :)
To: HamiltonJay
Granted but in this situation - I hardly think this princess is waiting by her mailbox for her rebate check.
To: presently no screen name
Oh, no doubt this particular situation is nothing more than a person with means saying, nope I’ll eat the legal losses of the back out, over the 250+k I’m going to lose if I close this deal.
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