How BAD is KB home as a builder?
- Thread starter FTHB
- Start date
IndieDev
New member
Here's a website that catalogs all the negatives for KB Homes:
http://www.akbhomesucks.com
Here's a list of all California neighborhoods built by KB:http://www.akbhomesucks.com/KB-Subdivisions/index.html#California
http://www.akbhomesucks.com
Here's a list of all California neighborhoods built by KB:http://www.akbhomesucks.com/KB-Subdivisions/index.html#California
bones said:
Last year, as a less-informed first-time home buyer, we actually put an offer on this house when it was under short salehttp://www.redfin.com/CA/Irvine/61-Cienega-92618/home/12255216
Looking back, I feel lucky I did not budge on the price.
bones said:
That is one of the first few houses we looked at, and we have no concept of the build quality. Even now, I could not tell the build quality difference between a KB model home and Casero model home. But, it seems these kinda problems only emerge after the occupancy. Guess only after we lived in a house long enough, can we have a keen eye on this. What I can do now is do more research on the builder's reputation and look at the owner's reviews/complaints.
tamilraj2003
New member
We are planning buy Ironwood in Portola Springs. We negotiated with them and intends to buy, if they accept our offer with some incentives. The per sqft price works out about $250. Is this good price for an attached product in portola springs by KB Home?
villiagepeople
New member
tamilraj2003 said:
$250/sqft is really good, i don't think anything in the 2010 or 2011 collection comes close to that. please let us know if they accept.
tamilraj2003
New member
Did you see my other posting about ironwood, they have so many negative points, and also not many people are interested to buy their product, unlike their coronado product, thats what I am really worried about, and want to make sure not buying something would be a hard sell during resale.
tamilraj2003
New member
Well, they did not take the offer. I decided to skip them. Looks like they prefer their product hang out there with out a buyer than make any sensible pricing. Good luck with that!!! 
homer_simpson
Well-known member
tamilraj2003 said:Well, they did not take the offer. I decided to skip them. Looks like they prefer their product hang out there with out a buyer than make any sensible pricing. Good luck with that!!!
Were there any room for negotiations or were they just firm?
tamilraj2003 said:Well, they did not take the offer. I decided to skip them. Looks like they prefer their product hang out there with out a buyer than make any sensible pricing. Good luck with that!!!
Kard-Board Homes have about 1.3 Billion dollars in cash. I think they can wait it out a bit.
Noma said:Kard-Board Homes have about 1.3 Billion dollars in cash. I think they can wait it out a bit.
Correction. 1 Billion cash, 100 million investments with 1.8 Billion long terms debt and 700 million Accounts Payable. The Balance sheet is not as good as you are making it out to be. They need to continue their cash flow to service their debt.
qwerty
Well-known member
Noma said:tamilraj2003 said:Well, they did not take the offer. I decided to skip them. Looks like they prefer their product hang out there with out a buyer than make any sensible pricing. Good luck with that!!!
Kard-Board Homes have about 1.3 Billion dollars in cash. I think they can wait it out a bit.
they can wait it out a bit but it they have to balance it out with not chasing the market down, not to mention they need that 1.3 billion to pay their 2.5 billion in current liabilities ;-) . there are a lot of headwinds for real estate in the next year or two, so what is the point of waiting it out to get a lower price a year down the road while servicing their debt the whole time
IndieDev
New member
Noma said:tamilraj2003 said:Well, they did not take the offer. I decided to skip them. Looks like they prefer their product hang out there with out a buyer than make any sensible pricing. Good luck with that!!!
Kard-Board Homes have about 1.3 Billion dollars in cash. I think they can wait it out a bit.
This is about as wrong as someone can get on the internet.
tamilraj2003
New member
IndieDev said:Noma said:tamilraj2003 said:Well, they did not take the offer. I decided to skip them. Looks like they prefer their product hang out there with out a buyer than make any sensible pricing. Good luck with that!!!
Kard-Board Homes have about 1.3 Billion dollars in cash. I think they can wait it out a bit.
This is about as wrong as someone can get on the internet.
Is this about the comment made by me
? or the 1.3B balance number?rickr said:Noma said:Kard-Board Homes have about 1.3 Billion dollars in cash. I think they can wait it out a bit.
Correction. 1 Billion cash, 100 million investments with 1.8 Billion long terms debt and 700 million Accounts Payable. The Balance sheet is not as good as you are making it out to be. They need to continue their cash flow to service their debt.
Not according to their latest 10k balance sheet. Plus you failed to mention they almost have 1.6 billion in inventory and 126 million in receivables.
I think they will be fine.