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Goldman sucks arranges housing conference today...


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#1 greenie

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Posted 12 February 2007 - 09:37 AM

Suddenly all thugs (JPM, Citi, GS) got into overdrive. We must be in the point of recognition phase.

http://biz.yahoo.com..._bell.html?.v=1


Remember, the worst performing homebuilder is bizarre home. Short it on any upgrade.

They are in such bad shape, they are offering free gas to anyone who drives by in the gas stations near where they want to sell a house.

http://news.google.c...p...ews01&cid=0
It is not the doing that is difficult, but the knowing


It's the illiquidity, stupid !

#2 endisnear

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Posted 12 February 2007 - 10:59 AM

Suddenly all thugs (JPM, Citi, GS) got into overdrive. We must be in the point of recognition phase.

http://biz.yahoo.com..._bell.html?.v=1


Remember, the worst performing homebuilder is bizarre home. Short it on any upgrade.

They are in such bad shape, they are offering free gas to anyone who drives by in the gas stations near where they want to sell a house.

http://news.google.c...p...ews01&cid=0


80% contract cancellation rate in Austin....for KB homes...

#3 briarberry

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Posted 12 February 2007 - 11:14 AM

Florida, sounds like their problems are increasing...

Pasco Florida “In the 18 years Roz Fenton’s worked at the Pasco Clerk of Courts Office, she’s never seen this. ‘At least 60 foreclosure sales a week,’ she said. The files and files just seem to keep growing. ‘We’ve had more overtime in the office. We’ve had to pull in additional sources to help with the overload in the area,’ she explained.”

Fox - Tampa Bay

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“Florida budget writers were handed grim news Friday, with a new report showing state tax collections falling far short of expectations….”

“For the past three months, general revenue collections are nearly $160 million below projections. Amy Baker, the coordinator for the Office of Economic and Demographic Research, attributed the drop in sales taxes to a ’spillover effect’ from a slumping housing market.”

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“These days, the speculators are looking foolish. In Florida, where they helped inflate land values as much as 10-fold from 2000 to 2005, prices have dropped by as much as 50 percent.”