graphrix_IHB
New member
I have to say, that Bob Toll makes for an interesting conference call. The best part starts with the Q&A at 52 minutes into the call.
When asked about the high cancellation rates in the high-end market, and where geographically that is? His response was California.
The fun starts when he grades the markets. Hat tip to Brian over at Calculated Risk.
"The SoCal market is a F. Even in Orange County, we have some neat offerings out there. They have slipped seriously down there."
"Blood in the streets." "Housing purgatory."
I swear, you can't make these things up.
What scares me is they are looking into the distressed debt market. I know there is going to be a lot of opportunity in the scratch and dent market, but is this really a good idea for a Kool-Aid drinking builder?
When asked about the high cancellation rates in the high-end market, and where geographically that is? His response was California.
The fun starts when he grades the markets. Hat tip to Brian over at Calculated Risk.
"The SoCal market is a F. Even in Orange County, we have some neat offerings out there. They have slipped seriously down there."
"Blood in the streets." "Housing purgatory."
I swear, you can't make these things up.
What scares me is they are looking into the distressed debt market. I know there is going to be a lot of opportunity in the scratch and dent market, but is this really a good idea for a Kool-Aid drinking builder?