Posted on 08/22/2019 6:47:31 AM PDT by SeekAndFind
Desperately searching for scraps of bad economic news that could help push the economy into recession, Yahoo News finds one homebuilder in one state, while ignoring the surging market everywhere for previously-owned housing. I read the headline below and almost started to weep because the economy is in such dire straits that luxury home builders are struggling, especially in California.
Maybe California should raise taxes and increase regulations some more. That will help.
Maybe we need a GoFundMe page to raise money for the luxury home builders.
Toll Brothers stock is only up 12% this year, while other home builders are up more, and their profit margin was at 23% when analysts, who repeat what they are told, thought it would be 23.2%. Woe is me.
Somehow, Toll is not selling as many houses in California where their average price is only $1.74 million. I know that the rest of the country weeps with me when they have trouble selling houses that cheap and the price doesn’t continue to climb. I wonder why so many people are living on the streets in California and defecating while doing drugs when prices are clearly so reasonable? California is a state so well-run state by Democrats that I wonder what could go wrong?
Meanwhile, the lower-priced segment of the housing market is booming. The income inequality that the media and other Democrats obsess about seems to be declining, but they aren't celebrating:
(Excerpt) Read more at americanthinker.com ...
How can anyone try to cause an event which will significantly harm millions of Americans? TDS in its madness.
How can anyone try to cause an event which will significantly harm millions of Americans?
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To them, that’s a feature.
They hate us.
Toll Brothers stock is only up 12% this year, while other home builders are up more, and their profit margin was at 23% when analysts, who repeat what they are told, thought it would be 23.2%. Woe is me. Somehow, Toll is not selling as many houses in California where their average price is only $1.74 million. I know that the rest of the country weeps with me when they have trouble selling houses that cheap and the price doesn’t continue to climb. I wonder why so many people are living on the streets in California and defecating while doing drugs when prices are clearly so reasonable? California is a state so well-run state by Democrats that I wonder what could go wrong?
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