To: divine_moment_of_facts
Toll Brothers hasn't dropped prices in NJ. In fact, they have increased the prices from $500,000 to $800,000 in the last 3 years.. On the same models in the same towns... Yes, but the fear-mongers have one development where the developer is in serious trouble and they making sweeping conclusions based on that. It is terrible what happened in this neighborhood and the impact on surrounding subdivisions, but this in no way represents the national picture.
To: Always Right
Yes, but the fear-mongers have one development where the developer is in serious trouble and they making sweeping conclusions based on that. It is terrible what happened in this neighborhood and the impact on surrounding subdivisions, but this in no way represents the national picture.
Exactly!
66 posted on
12/13/2006 5:22:14 AM PST by
divine_moment_of_facts
("So, I put on some tangerine lip gloss and answered the door.. I was one lucky woman.")
To: Always Right; divine_moment_of_facts
Toll Brothers is on the verge of collapse in NJ, and Kara declared bankruptcy, $900k homes are selling for ~$750k now. Those who bought in this year are upside down.
The entire market in NJ for $1 million + houses sagged since summer, but it's expected to rebound now as Wall Street makes these huge bonus payouts. Some million dollar plus towns in NJ will see the average home price increase $300 PER DAY for the next few months as the Wall Street money feeding frenzy is absorbed.
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