tag:blogger.com,1999:blog-14162253.post1641914765747633951..comments2024-03-27T08:39:28.807-06:00Comments on Wash Park Prophet: The State of the Housing MarketsAndrew Oh-Willekehttp://www.blogger.com/profile/02537151821869153861noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-14162253.post-16963061927942950072010-07-28T11:45:50.576-06:002010-07-28T11:45:50.576-06:00My family's votes are in. We'll be out of...My family's votes are in. We'll be out of town on "election day."Andrew Oh-Willekehttps://www.blogger.com/profile/02537151821869153861noreply@blogger.comtag:blogger.com,1999:blog-14162253.post-74831978747897307972010-07-27T19:26:23.560-06:002010-07-27T19:26:23.560-06:00@Andrew,
Given that your vote and mine are not in...@Andrew,<br /><br />Given that your vote and mine are not in agreement, I would be happier if you turned you ballot in on August 11th.<br /><br />Sometimes "the Google" is too funny: surplucc.Dave Barneshttps://www.blogger.com/profile/07355264650239868491noreply@blogger.comtag:blogger.com,1999:blog-14162253.post-57609208453628637982010-07-27T19:24:24.868-06:002010-07-27T19:24:24.868-06:00@Andrew,
Sure they are the same people, but not t...@Andrew,<br /><br />Sure they are the same people, but not the same builders from a legal perspective.<br />That is why you have "limited liability companies".Dave Barneshttps://www.blogger.com/profile/07355264650239868491noreply@blogger.comtag:blogger.com,1999:blog-14162253.post-73173922366183650912010-07-27T17:27:10.739-06:002010-07-27T17:27:10.739-06:00Date corrected; brain fart there.
Also keep in mi...Date corrected; brain fart there.<br /><br />Also keep in mind that most of the builders who are building new stuff now, also have significant inventories of houses already on the market, and that the two year old houses that are sitting vacant are hardly crap -- many are high end gated community McMansions.<br /><br />I also think that you are vastly overrating the importance that buyers attach to warranties.<br /><br />It may be possible to compete on price, but it seems pretty clear to me that prices will fall significantly more before they hit bottom in Vegas; unsold inventory drives down prices.<br /><br />You have to be either brave or foolhardy to build a house at a much thinner margin than you used to at a time when prices are likely to fall greatly by the time that you finish it.Andrew Oh-Willekehttps://www.blogger.com/profile/02537151821869153861noreply@blogger.comtag:blogger.com,1999:blog-14162253.post-57691944147815905482010-07-27T16:54:10.016-06:002010-07-27T16:54:10.016-06:00Of course they are building new houses in Las Vega...Of course they are building new houses in Las Vegas.<br /><br />1. Builders have to build or they are not builders.<br /><br />2. If YOU were going to buy a new house would you prefer:<br />a. a brand new house, priced right, with a warranty from a builder still in business<br />b. a 2-year old house, no warranty, crappy renters living next door, from a difficult to deal with bank?Dave Barneshttps://www.blogger.com/profile/07355264650239868491noreply@blogger.comtag:blogger.com,1999:blog-14162253.post-60853723830039181832010-07-27T16:50:44.687-06:002010-07-27T16:50:44.687-06:00Wednesday, August 11th?
I think not.
And, for some...Wednesday, August 11th?<br />I think not.<br />And, for some of us, the primary election was last Wednesday when we received our ballots.Dave Barneshttps://www.blogger.com/profile/07355264650239868491noreply@blogger.com