Replies to post #482205 on Zeev's Turnips Patch-No Politics (ZEEV)

[marketmaven]

Home Builder Desperation with the Devil

Here in Phoenix offer that same thing - $1000 free gas.

But the big publicly-traded national builders here are offering much more: $25,000 pre-paid charge cards for Home Depot so the new buyers can go get all sorts of appliances, upgrades, fixtures, wall, floor and window coverings, anything they want at HD, up to $25,000.
http://www.prudentbear.com/bearschat/bbs_read.asp?mid=413995&tid=413995&fid=1&start=1&am...

[marketmaven]

$2.7 TRILLION in ARM REstate Loans Ramped by end2007

BARRONS: $1 trillion in ARM loans will adjust and next year $1.7 trillion with the average payment rising 20 -60%. Hmmn, can Bernanke afford to let this continue? Or maybe this is a stealth way of letting foreign creditors acquire physical property in the US for dollars while blaming those "credit crazy US consumers". Banks which have held up so far have the highest exposure to real estate on their books (43% of bank assets) since WWII.

[montanamark]

could be, particularly in the mid-west; also need to consider
the artificial government support, transport costs and difficulties (e.g.pipe corrosion) cost of corn and other fuel,
lack of distribution facilities, etc.; hear theres a real ethanol frenzy/boom on in the midwest
best to you.