Day

December 16, 2008

Birds and Dinosaurs

Credit Crunch Casualties: Publicly-Traded Builders While Washington is focused on rescuing the financial dinosaurs, outside of Wall Street, the future appears to belong to much smaller, sleeker, and more mobile organisms. Specifically . . . birds. Take the home construction industry. For the last 20 years or so, size conferred a huge advantage. Big, publicly-traded...
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Balky Buyers, Borrowers

Combating a Deflationary Mindset One of the unintended consequences of falling prices — for new homes, existing homes, mortgage rates, etc. — is that would-be Buyers get out of the way, and wait for even bigger drops. There’s some anecdotal evidence that that’s the psychology behind many Buyers’ reluctance to buy or even refinance at...
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